Hidroelectrica announces record profit, 5.6 billion lei worth investments, renewables included
Bogdan Badea, Chairman of the Hidroelectrica Directorate, expects the profit in 2018 to exceed 2 billion lei, despite the drought…
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Delgaz Grid to install 10,000 smart meters in Iasi, in a 45 million lei worth project
A new Delgaz Grid project has been co-financed by European funds for an investment of over 45 million lei. The…
Offshore Law was adopted by the Senate; interesting mechanism for investment deductions
The Senate Plenary adopted on Monday the new draft of the Offshore Law with the changes introduced last week by…
Russia’s Gazprom to raise 2018 investment by 16%
Russian gas producer Gazprom will raise its investment program for 2018 to 1.49 trillion rubles (USD 22 billion) from an…
Nuclearelectrica’s profit increases by 16% in the first half of the year
Nuclearelectrica achieved a net profit of 182 million lei in the first six months of this year, up 15.93% over…
In the first semester, Electrica obtained 83% of its budgeted net profit for 2018
Electrica Group registered a consolidated net profit of 210 million lei in S1 2018, which represents an increase of 201.5…
Oana Mogoi (ING Bank): Funding for energy through the reserve based lending mechanism
New realities (market players, behaviors, obligations, etc.) can be introduced through legislation. However, national legislation must take into account the…
Investment in energy fell again in 2017, raising fresh concerns about security and climate change
The amount of money flowing into the energy sector fell for a third straight year in 2017, raising concerns about…
Foreign Direct Investment, up 17.6% in the first five months of 2018
Foreign direct investment grew by 17.6% in the first five months of the year, compared to the same period in…
Russia, ready to invest $50bn in Iran’s energy industry
Iran has touted $50bn worth of potential Russian investments in its oil and gas sector as it seeks to deepen…
India’s investments in renewable energy are growing faster than even China’s
China may be the world’s renewable energy leader, but where the sector’s growth is concerned, India is leaving its neighbour…
M. Zmelik passes the helms of CEZ Romania to Ondrej Safar, with improved results in 2017
Ondrej Safar will be the new Country Manager of CEZ Romania, starting with August 1, replacing Martin Zmelik, who has led for…
Badea: Hidroelectrica reports a record six-month profit of more than 1 bln. lei
Recent rains have not only brought profit for Hidroelectrica, says Bogdan Badea, president of the company’s directorate. Present at the…
EU sets up 9 bln. euro energy investments in new 2021-2027 budget
The European Commission has proposed to increase the investment budget over the 2021-2027 period to accelerate the decarbonisation and digitalisation…
Record amount of renewable energy installed in 2017
A record amount of renewable power capacity was installed worldwide last year as the cost of wind and solar became…
Hajdinjak, E.ON: Romania is inadequately prepared for blockchain or intelligent storage, the network should be a priority
If we offer marks on a scale of 1 to 10, on how ready is Romania for technologies such as…