FP at 10 years – the most active promoter of corporate governance and privatization
Bogdan Tudorache Franklin Templeton celebrates on 29 September 10 years since taking over the management of Fondul Proprietatea (FP), as…
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Hidroelectrica
ECJ ruled in favor of Hidroelectrica in the issue of energy exports
On 17 September, the European Court of Justice (ECJ) ruled in favor of Hidroelectrica in the proceedings against ANRE concerning…
Hidroelectrica modernized the 110kV substation related to the Jidoaia Pump Station, an investment of 2 million lei
Hidroelectrica put into operation this week the 110kV substation within the investment objective “Modernization of 110kV substation related to the…
Hidroelectrica wants to buy a 108 MW wind farm in Dobrogea
Hidroelectrica, the largest electricity producer in Romania, intends to purchase a wind farm, Crucea Wind Farm, owned by a German…
FP announces a loss of over 848 million lei in H1, mainly due to the decrease of Petrom shares
Bogdan Tudorache Fondul Proprietatea announced a loss of 848.6 million lei for the first half of this year (S1), it…
Hidroelectrica will purchase medical testing services for the company’s employees
Hidroelectrica wants to conclude a framework agreement for RT-PCR testing medical services of the company’s employees, in order to diagnose…
Hidroelectrica: Net profit drops 11% in the first half
Electricity producer Hidroelectrica achieved a net profit of 806 million lei in the first half of this year, 11% less…
Hidroelectrica convenes the EGSM – will increase the share capital, new investments will be approved
Bogdan Tudorache Hidroelectrica convened the Extraordinary General Shareholders’ Meeting (EGSM) for 18.09.2020, during which several important decisions will be approved…
Hidroelectrica’s privatization, blocked until the autumn of 2022
Bogdan Tudorache The President of Romania, Klaus Iohannis, approved on Thursday the law on ”some measures to protect national interests…
V. Popescu, harsh message to Hidroelectrica and FP: Take it easy with morality lessons!
Bogdan Tudorache The Minister of Economy and Energy responded with a harsh message addressed to Hidroelectrica and Fondul Proprietatea (FP),…
FP: Government shouldn’t get involved in the management of the companies it owns
Fondul Proprietatea (FP) reacts to recent declaration of the Minister of Economy, Energy, and Business Environment, according to which Hidroelectrica…
2020 Energy Strategy Summit – On thin ice
More than in Romanian, the English word for intention preserves more transparently its Latin birth (in-tensio) and the original meaning…
Badea, Hidroelectrica: We cannot have a low price for energy and, at the same time, make investments
The price of energy paid by final consumers cannot be low and at the same time cover the necessary investments…
Hidroelectrica reduced the price of energy for household consumers
Hidroelectrica reduced the offer price for household consumers from 255 lei per MWh, as it was until now, to 239…
Minister of Economy: Hidroelectrica can deliver much cheaper energy directly to the population
Hidroelectrica can deliver energy directly to the population at a much lower price than at present, which could lead to…
Bogdan Badea, Energy Strategy Summit: We need coherence in decision-making and legislative correlation; we may build a new central on Danube
Hidroelectrica may invest in the construction of a new plant on the Danube, while in the next period the feasibility…
Electrica-Hidroelectrica-SAPE consortium submitted the offer for the purchase of CEZ assets on Thursday
The Romanian consortium formed by Electrica, Hidroelectrica and the Energy Participation Management Company (SAPE) submitted a binding offer on Thursday…
FP urges the gov’t as majority shareholder of Hidroelectrica to analyse the risks of acquiring CEZ assets
Fondul Proprietatea (FP) urges the Ministry of Economy, Energy, and Business Environment, as majority shareholder of Hidroelectrica, to thoroughly consider…
Hidroelectrica supplied more than half of the country’s electricity production on Monday
Hidroelectrica, the energy producer that usually has a market share of 25-30%, provided on Monday morning more than half of…
Parliament to send state-owned firms back in time
Through a movement that proves the lack of economic education, but also a repetition of the history of the last…
FP asks the Parliament to reject the project that bans the sale of state companies’ assets
Fondul Proprietatea calls on the Chamber of Deputies, as a decision-making body, to analyze the potential negative effects of the…
Hidroelectrica concludes a new consulting contract with E&Y for the acquisition of UCM Resita’s assets
Hidroelectrica has concluded a consulting contract with Ernst & Young, worth 955,000 lei, to be assisted in the purchase of…
Virgil Popescu: Energy companies will make investments of about 12 bln. euro in five years, in line with the Green Deal
Minister of Economy Virgil Popescu issued an order asking all companies to approve by June 15 new 5-year investment plans,…