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E-Distributie Banat concludes revamping project of Teba Station

E-Distributie Banat concludes revamping project of Teba Station

E-Distribuție Banat finalised the modernisation project of the Teba primary station, after investments of almost  RON 10 million (over EUR 2.1 million), improving the quality of the electricity distribution services for approximately 16,500 consumers. The 110/20 kV station now provides ...

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OMV Petrom releases results for H1 2018. Consolidates sales up by 6pc

Surprise appointment in the OMV Petrom Supervisory Board. Find out who it is...

OMV Petrom published its results for January – June and Q2 2018 on Thursday, pointing to a 6% increase in consolidated sales. According to the company release, the consolidated sales of RON 9,851 mn for 6m/18 increased by 6% compared ...

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Romania produced less electricity last year than in 2016 and 2015

Electricity consumption, up by 3.6 pc in first ten months

In 2017, Romania produced 63.6 terawatt per hour, by 2 percent less than in 2016 and by 2.4% less than in 2015, reads a report by British Petroleum (BP). The largest electricity productions in Europe were provided by Germany  (654.2 ...

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Fondul Proprietatea: Gas price capping breaks local and EU legislation, jeopardizes investments, Romania’s future gas independence

Fondul Proprietatea will be listed to the London Stock Exchange as of next week

Fondul Proprietatea (Property Fund) has reacted to the recent announcement by the Finance Ministry regarding the intention to cap the gas price at RON 55/Mwh for the domestic production until June 30, 2021. In a release on Friday, the fund ...

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Capping of gas price: Romgaz and OMV Petrom shares fall. ROPEPCA warns gas imports will grow. ANRE to increase tariff by 5.83pc

PM: Romania can provide its own gas demand this winter

The shares of gas companies Romgaz and OMV Petrom fell on Thursday on the Bucharest Stock Exchange (BVB) after the Ministry of Finance has put for public debate a draft Government Decision that envisages cutting the gas price to RON ...

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Finance Ministry proposes capping the gas price to RON 55/Mwh. Fin Min Teodorovici: It’s a communist measure up to a point…

Romania has booked 100 pc of Swiss non-reimbursable funds amounting to CHF 181m

The Finance Ministry proposes the capping of natural gas price from domestic production until June 30, 2021 to RON 55/Mwh, a draft project posted on the website reads. “In order to ensure a competitive environment in the natural gas sector ...

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ALUM invests almost RON 60 M in technology and environmental protection this year

ALUM invests almost RON 60 M in technology and environmental protection this year

­­ ALUM S.A., the only calcined alumina producer in Romania, budgeted investments programme for 2018 of RON 59 million, for technological upgrade and modernizing its production process, in line with the Company’s strategy of increasing overall efficiency and environmental protection. ...

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