Romgaz expects additional expenses of up to 30 million lei with royalties in 2018
In the conference call to discuss the 2017 preliminary financial results, Romgaz officials estimated to 24-30 million lei the additional…
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Hidroelectrica reopens Vidraru auction, announces profit worth 1.5 bln. lei for 2017
Hidroelectrica estimates that it has achieved a gross profit of more than one billion and a half lei last year,…
EIB Romanian financing in 2017: 1.9 bln. EUR – the highest level since 2009
The European Investment Bank Group, comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided…
Commission to introduce rules to clarify ‘green’ investment in May
Following the action plan on sustainable finance to be published early next month, the European Commission will present legislation in…
Electrica announces investments of 900 million lei in 2018 in distribution networks
Electrica Group made investments in distribution infrastructure in the total amount of 727 million lei in 2017 and plans record…
After 20 years in Romania, LUKOIL announces investments of more than 30 million dollars in Petrotel
Petrotel LUKOIL announces new investments in their refinery in Ploiesti, over 30 million dollars by 2020, for improving environmental footprint.…
UK green energy investment halves after policy changes
Investment in green energy fell 56% in UK in 2017 – biggest fall of any country – after ‘stop-start’ support…
CE Oltenia plans investments of 665 mln. lei in 2018
The Energy Complex Oltenia, one of the largest energy producers in the country, has planned investments of 665 million lei…
E-Distribuţie Muntenia invested 18 million lei in 2017 in modernizing 80 substations in Bucharest
E-Distribuție Muntenia invested about 18 million lei (4.6 million Euro) in 2017 for the modernization of the power supply points…
SOCAR: $25B spent for Southern Gas Corridor so far
As of December, $25 billion have been spent for the Southern Gas Corridor (SGC) project, Khoshbakht Yusifzade, first vice-president of…
E-Distribuție Banat put into function investment projects of almost 21 million lei in 2017
E-Distribuție Banat put into function investment projects of approximately 20.7 million lei (around 4.5 million euros) in 2017, announced the…
World Bank pulls plug on oil and gas
The World Bank has announced it will stop funding oil and gas projects from 2019. Annie Pickering, a campaigner at…
E-Distribuţie Muntenia invested 14.5 mln. lei into Cotroceni primary station
E-Distribuție Muntenia invested approx. 14.5 million lei (3.15 million euros) for the first stages of the modernization of the Cotroceni…
Alro finalizes new investments in energy efficiency
Alro S.A. announced the completion of new $3.4 million in investments in the areas of energy efficiency, competitiveness and upgrading…
OMV Petrom doubled its net profit in the first nine months of 2017, compared to 2016
The OMV Petrom Group reports a net profit of 1.84 billion lei after the first nine months of the year,…