Power - Business Review

Power

hidroelectrica

Hidroelectrica invests EUR 23.69 mln in upgrade of Calimanesti plant

Power September 19, 2017 13:22 0 comments

Hidroelectrica, the state-owned hydroelectricity producer, will upgrade one hydroaggregat at its Calimanesti plan following an investment of RON 23.69 million. The supplier of the equipment is UCM Resita. The upgrade works will last 12 months.…more »

PM Tudose attacks Enel over storm intervention: “Terrible”

Power September 18, 2017 17:23 0 comments

Romania’s PM Mihai Tudose has criticized the local subsidiary of Italian utility Enel, suggesting that the firm not reconnecting consumers to the grid fast enough, following the storm that hit several counties in western Romania…more »

Key move. Michele Abbate becomes director general of ENEL Energie, Enel Energie Muntenia

Power September 13, 2017 14:20 0 comments

The Enel group has appointed Michele Abbate as director general of Enel Energie and Enel Energie Muntenia, the two companies owned by the Enel group in Romania.  Michele Abbate joined the Enel group in 1992…more »

"Johan Meyer"

Johan Meyer (Fondul Proprietatea): “Our preferred strategy for Hidroelectrica is its IPO”

Power September 08, 2017 12:37 0 comments

Fondul Proprietatea, the closed-end fund managed by Franklin Templeton, has appointed City and UBS as financial advisers, as it looks at strategic options for its 19.94 percent stake in Hidroelectrica, the state-owned hydroelectricity producer. “We…more »

Romanian energy minister proposes resuming talks on hydropower plant with Bulgaria

Power September 07, 2017 09:01 0 comments

Romanian Energy Minister Toma Petcu proposed that talks on the construction of a hydropower plant with Bulgaria be resumed during a meeting with his counterpart Temenuzhka Petkova. The project would benefit both countries, not only…more »

Minister Petcu: Negotiations with Chinese for nuclear reactors could be finished this year

Green & Renewables August 09, 2017 10:34 0 comments

The minister of energy, Toma Petcu, claims that Romanian authorities want to conclude this year the negotiations with the Chinese for the construction of two new nuclear reactors at Cernavoda. The Romanian minister spoke about…more »

Energy Union

Romania’s government pins spike in electricity prices on lack of investments, expensive coal and gas production

Green & Renewables August 04, 2017 10:12 0 comments

Romania’s Ministry of Energy has notified the energy regulator ANRE and Competition Council as electricity prices on the day-ahead market averaged at RON 445 per MWh, after peaking at RON 550 per MWh on Thursday.…more »

Nuclearelectrica

Nuclearelectrica to extend negotiations for nuclear reactors 3 and 4 from Cernavoda

Power July 25, 2017 11:41 0 comments

State-owned nuclear producer Nuclearelectrica plans to extend by six months the negotiations with Chinese company CGN for the construction of nuclear reactors 3 and 4 from Cernavoda, according to the agenda of Nuclearelectrica's Extraordinary General…more »

M&A alert. Retrasib Sibiu sold to One Equity Partners in international deal

Finance July 25, 2017 10:01 0 comments

New York-based One Equity Partners, the private equity firm, has taken over German SGB-SMIT, which also owns a majority stake in Romanian Retrasib Sibiu, the listed company that manufactures power transformers. “As a result of…more »

M&A alert. Transeastern Power to pay EUR 23 mln to OMV Petrom for Dorobantu wind farm

Green & Renewables July 20, 2017 18:21 0 comments

Austrian oil major OMV Petrom has inked a deal to sell its Dorobantu wind farm to Transeastern Power B.V. – a limited liability company registered in the Netherlands, a wholly owned subsidiary of Transeastern Power…more »