Electrica acquires the company that develops the solar project “Satu Mare 2”
Electrica has completed the acquisition of Sunwind Energy, whose main activity is the production of energy from photovoltaic sources. The…
DEER signs a service and software contract with Bento for 32 mln. lei
Bento, a Romanian company specialized in the development and implementation of software solutions and the provision of IT and Cloud…
Electrica: Profit of 559 million lei, revenues up by 39% in 2022
In 2022, the net profit of the Electrica Group was 559 million lei, the result being generated, mainly, by the…
Electrica announces the completion of the purchase of the 12 MW Vulturu park
Electrica completed the acquisition of the project company Green Energy Consultancy & Investments, whose main activity is the production of…
Electrica aims to enter the FTSE Russell indices, calls for services to increase liquidity
Electrica, one of the most important players on the electricity distribution and supply market in Romania, signed for market-making services…
Electrica reported losses of 175.5 million lei in H1
Electrica reported losses of 175.5 million lei in the first half of 2022, compared to a net profit of 76.1…
Ștefan Frangulea: Big energy suppliers make every effort to overcome the challenges
Energy market players have shown resilience and the big players and especially the big suppliers are still in the market…
Electrica posted a loss of 158 mln. lei in Q1 despite a 52% increase in turnover
Electrica posted a loss of 157.8 million lei after the first quarter of this year (Q1), compared to the same…
CEO Corina Popescu was revoked from Electrica SA “without cause”
In a press release sent to the Bucharest Stock Exchange, Electrica informs shareholders and investors that during the meeting held…
Corina Popescu: Romanian electricity distributors mark losses of 3 bln. lei
Romanian electricity distributors have posted a loss of 3 billion lei from the difference between the tariff recognized in the…
Electrica Furnizare installs 660 photovoltaic panels for Cristal Brad Service
Electrica Furnizare is carrying out for Cristal Brad Service, a company in the glass processing market, the turnkey construction project…
Fitch downgraded Electrica’s rating to BBB minus, with a negative outlook
Fitch Ratings downgraded from BBB to BBB minus Electrica’s long-term rating and maintained a negative outlook, according to a statement…
Electrica Group reports massive losses
The electricity supply, distribution and production group Electrica SA, where the largest shareholder is the Romanian state through the Ministry…
FP: Hidroelectrica’s IPO must also take place at an international stock exchange
The listing of Hidroelectrica should also be done on an international stock exchange, in addition to the IPO on the…
Electrica Furnizare obtained the license to operate on the Hungarian electricity market
The Hungarian Energy and Utilities Regulatory Authority (MEKH) has granted the Electricity Trading License for EFSA, Electrica’s supply subsidiary, the…
EIB finalizes the EUR 210 mln. loan for Electrica Group
EIB finalized a 15-year EUR 90 million EIB loan to Distribuie Energie Electrică Romania S.A. (DEER), the electricity distribution subsidiary…
Ştefan-Alexandru Frangulea, the new financial director of Electrica
Ştefan-Alexandru Frangulea has been appointed interim financial director of Electrica, for a term valid until December 31, 2022, informs the…
Electrica: New reorganization process to be discussed with the social partners
Electrica has started a procedure to reorganize the structure of the headquarters and a final decision will be taken after…
Efficient Romania: From 2030, all new buildings could have zero carbon emissions
The European Commission proposes that, from 2030, all new buildings and those undergoing major renovation should have zero carbon emissions,…
C. Popescu: Investments in solar parks rejected by the GSM were part of Electrica’s Strategic Plan
Electrica’s shareholders rejected the plan to take over some solar parks of about 31 MW, taking the market by surprise.…
Corina Popescu: We need to know what to build on our long-term investment plan
COP26 is about a renewed statement that we are already engaged in this fight for obtaining net zero emissions by…
Electrica borrows 750 million lei for power generation and value-added services
Electrica SA signed a financing agreement worth 750 million lei with Erste Group Bank AG and Raiffeisen Bank Romania for…
Corina Popescu (CEO Electrica SA): We want to become more active in the region
The Electrica Group already has a branch in the Republic of Moldova, but the pandemic has blocked a significant part…