Electrica will invest 141 million euro in 2020
Bogdan Tudorache For the current year, the Board of Directors of Electrica approved investments worth over 678 million lei (more…
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Electricity
Nuclearelectrica posted a 31.7% increase in profit last year
Nuclearelectrica posted a net profit of 541 million lei at the end of last year, up 31.7% compared to 2018,…
Enel X teams up with the EC and EIB for new e-charge stations in Romania, Italy and Spain
Enel X, the Enel Group’s advanced energy services business line, has reached the full financial close for the AMBRA-Electrify Europe…
Gas-fired power generation reaches record high in Germany
Power production from natural gas rose to an all-time high in Germany last year, overtaking hard coal electricity generation for…
Global energy storage market to surge to 15 GW by 2024
Despite a slowdown in price declines, the global energy storage market is set to grow from around 4 GW of…
US can meet 2030 wind-energy goals by quadrupling turbines
The United States could generate 20% of its electricity from wind within 10 years, without requiring any additional land, according…
European Commission: Romania has to recover 13 mln. euro from the National Uranium Company
The European Commission found on Monday that the various measures of public support in favor of the National Company of…
Hidroelectrica could launch offshore wind projects in the Black Sea
Romania should use the offshore wind potential of the Black Sea to produce cheap energy, an idea that has not…
Poland: PGE and VW to reach 300 electric car charging points installed this year
State owned group PGE and Volkswagen plan to install up to 300 electric car charging points this year in Poland,…
ANRE seeks consultant to establish the rate of return for energy transportation and distribution – deadline on February 28th!
The National Energy Regulatory Authority – ANRE intends to purchase consultancy services regarding the calculation elements of the weighted average…
Caraşol, sentenced to two years and eight months inprisonment with suspension; the decision is not final
Marius Carașol, the former director of Transelectrica, was sentenced by the District 1 Court to 2 years and eight months…
Popescu: We will solve the provisory management in companies through a serious selection
Bogdan Tudorache The current governance program has the time horizon of November, and during this short period, no major transformations…
Hidroelectrica could first sell 5 to 10% of shares to EBRD, to give through IPO only the rest of up to 20%
Bogdan Tudorache The Minister of Economy and Energy (MEEMA), Virgil Popescu, argues that Hidroelectrica could be privatized this fall, but…
Transelectrica provided for this regulatory period investments worth 1.7 billion lei
Virgil Ivan, director of national energy dispatcher within Transelectrica, estimates investments of 1.7 billion lei for this regulatory period in…
It’s official: Dacia will launch an electric model next year
The first Dacia electric car will be launched on the market in 2021-2022 and will be a small city car,…
Nițu, Transelectrica: Investments are our main priority
The National Transport Company of Electric Energy Transelectrica ”pays more attention to the charts for the investments of the modernization…
Transelectrica’s profit, up 28% in 2019
Transelectrica’s profit registered an increase of 28% in 2019, to 104.4 million lei, according to the preliminary financial report. The…
Hidroelectrica selects the legal consultant for the IPO
Hidroelectrica has launched the public procedure aimed at the acquisition of “lawyer consulting and legal assistance services” for listing on…
Romania was, last year, a net importer of electricity
Romania was, last year, a net importer of electricity, as imports increased by 74%, while exports decreased by 34%, according…
BASF further invests in e-vehicles batteries in Germany
BASF is announcing a new battery materials production site in Schwarzheide, Germany, as part of its multi-step investment plan to…
New appointment in CS Transelectrica: Mircea Staicu takes over the position of Jean Badea
Bogdan Tudorache Transelectrica has announced a new appointment of a provisional member to the Supervisory Board (CS), according to a…
EU has a new uranium supplier: Finland’s Terrafame
Bogdan Tudorache The Finnish government has granted a uranium recovery and refinery permit to Terrafame, a 70% state-owned company. Since…
Lazard, STJ and Deloitte vie for a 1.75 mln. euro contract for Hidroelectrica’s IPO
Lazard, STJ and Deloitte are the consultants who have entered into the public procurement system to provide consulting services to…