CIR demands the natural gas ”basket” removal for the eligible consumers
###author### More than 96% of the gas import quota is ensured by industrial consumers, a fact that led to a…
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Electricity
Nuclearelectrica reported a profit of 417.37 mln. lei for 2013, under the estimated earnings
###author### Nuclearelectrica (SNN ), the sole operator of nuclear power plants in Romania, reported last year a preliminary profit of…
The creditors approved the plan to reorganize the Independent Operator of Nuclear Activities
The creditors of the Independent Operator of Nuclear Activities (RAAN has approved the plans for the reorganization of this strategic…
The court battles that put Hidroelectrica back into insolvency
Hidroelectrica is back in insolvency after the Appeal Court upheld the appeal by Alpiq RomEnergie, Alpiq RomIndustries, Energy Holding AG…
GdF Suez took a 15 billion euro write-down last year
GdF Suez recorded write-downs worth 14.9 billion euros (20.4 billion dollars) last year,writes the Wall Street Journal. The publication notes…
Increased revenues for CEZ Romania, but its earnings fell by 20%
CEZ Romania revenues rose last year by 6% to 427.3 million euros, while its operating profit decreased by 20%, Mediafax…
Four US states, possible sites for Tesla’s battery factory
Tesla Motors seeks a suitable location for the largest lithium-ion battery factory in the world, which it wants to build,…
The state wants to open the power & gas exchange for private stockholders by the end of the year
Trading platform for power and gas OPCOM will be privatized by the end of the year through sales of its…
Traian Băsescu sends to Constitutional Court the law on modifying the green certificates system
President Traian Băsescu asked on Wednesday the Constitutional Court of Romania (CCR) on the unconstitutionality of the law approving the…
Adrian Borotea, CEZ: The investments in power distribution network will continue
CEZ Romania will continue to invest annually between 40 and 50 million euros in power distribution networks, but the Romanian…
Energy and gas bills without the tax on special constructions in 2014
The 1.5% fee on special constructions introduced from January 1st will not be put by distributors of gas and power…
Hidroelectrica is back in insolvency
Hidroelectrica reenters insolvency after several energy traders have won their appeals in the Bucharest Court of Appeal. The energy traders…
GfK: CEZ, the most rapid operators, GdF Suez, appreciated for the quality of the response
###author### CEZ call center operators are most rapid in answering customers, GdF Suez occupies the first place in the quality…
US backs nuclear reactors for the first time in more than 30 years
U.S. Energy Secretary Ernest Moniz announced last week that the Obama administration would extend a 6.5 billion dollars federal loan…
Lungu, AFEER: The OTC launched on March 3, closer to western standards
###author### The centralized market with dual continuous negotiation PC OTC (over- the- counter) will become operational on March 3, 2014,…
Oltenia Energy Complex could invest 2.5 billion lei for a 50% increase in coal production
Oltenia Energy Complex might invest 2.5 billion lei (about 550 million euros) over the next 15 years for the commissioning…
Tesla to raise money for car cell factory
Elon Musk, chief executive of Tesla Motors, indicated that he is planning to use the electric car company’s soaring share…
EBRD finances GIR by 5 mln. euro, confirms 20% buy in TEL bonds
###author### European Bank for Reconstruction and Development (EBRD) confirms it bought 20% of the first bond issuance of Transelectrica (TEL),…
Burdensome energy taxes cut Alro profit for 2013
###author### The ”overcompensation” scheme in the renewable energy segment and the burdening tax, combined with an ever-decreasing aluminium price determined…