RADET could go bankrupt on Monday
The Autonomous Administration of Thermal Energy Distribution and Transport (RADET) could go bankrupt, and the Bucharest’s City Hall should be…
RADET requested the City Hall to pay the subsidy for only 32% of the energy
Bogdan Tudorache Following investigations initiated by Sierra Quadrant, the administrator of ELCEN, it turns out that RADET requested a subsidy…
Frames: The district heating network risks serious damages
Bogdan Tudorache The district heating network in Bucharest is currently in a critical situation. The second most extensive urban district…
Difficult conditions for heating: Water losses increase
Given the fact that last winter there were 3,500 damages in the RADET network, the huge losses in the network…
Vişan: RADET has provided all the fuel needed for this winter
The Secretary of State in the Ministry of Energy Doru Vişan on Monday gave assurances that RADET has provided all…
Bucharest City Hall, sent to court for RADET’s debts
Bogdan Tudorache The file to attract the patrimonial liability of the Bucharest City Hall, in order to recover the debt…
Firea: ELCEN is not the only entity providing thermal energy to the population
The general mayor of the Capital, Gabriela Firea, said that ELCEN is not the only entity able to provide thermal…
Firea: The Government will not agree to stop of hot water in Bucharest
The capital’s mayoralty assures Bucharest that the process of supplying hot water is carried out normally, without being jeopardized by…
ELCEN creditors consider stopping the delivery of hot water to Bucharest
Bogdan Tudorache The ELCEN Lenders Committee will meet to discuss the possible cessation of hot water in the Capital, following…
ELCEN: PMB delayed with no reason the RADET takeover by Termoenergetica
The representatives of Sierra Quadrant, judicial administrator of ELCEN, say that the City Hall of the Capital is delaying the…
The next 18 months will be crucial for the Romanian thermal energy – Nagy-Bege
Bogdan Tudorache The next year and a half will be crucial for Romania’s thermo-energy, as the European Commission does not…
City Hall loan for thermal debts “brings the situation up to date”, yet payments may take a while
Bogdan Tudorache The money that Bucharest City Hall (PMB) decided to borrow from the state treasury for the subsidy of…
Bucharest City Hall will borrow 100 million euro from the Government to pay thermal subsidy
Bucharest City Hall will contract a 462 million-lei loan, repayable in 20 years, to pay the outstanding energy subsidy to…
Mateita (RADET): Bucharest will remain without hot water unless the debt issue to Romgaz is solved
Bucharest is likely to remain without hot water in the next period if the authorities do not solve the debt…
New meeting of ELCEN-RADET creditors; City Hall has not yet paid the subsidy
Bogdan Tudorache Today a new informal meeting of creditors of ELCEN-RADET was held, sources close to the situation told energynomics.ro.…
Bucharest City Hall: RADET’s bankruptcy is postponed
Bucharest City Hall announced that the magistrates of the Bucharest Court of Appeal admitted the request for provisional suspension of…
Dumitraşcu: The PMB budget, which includes investments in district heating, does not comply with the legal requirements
The draft budget for 2019 of the City Hall of Bucharest (PMB), which is under public debate, does not comply…
Claudiu Creţu, Elcen: I do not think the 31 km of district heating network will be made in 2019
Although Bucharest City Hall has announced that it wants to restore 31 km of the heating network, Claudiu Crețu, Special…
The City Hall intends to refurbish 31 km of Bucharest’s heating network in 2019
The City Hall intends to invest this year in the refurbishment of 31.2 km of network, while more than 75%…
ANAF claims that City Hall could have saved RADET
In an ANAF address, it appears that since December 2018, the Bucharest City Hall has not taken any steps to…
Bucharest City Council votes today to establish the two companies that take over RADET
The General Councilors of the Capital vote today to set up the two municipal companies to take over the RADET…
Firea: We can not pay 3.7 billion lei for RADET
Bucharest Mayor Gabriela Firea replied on Wednesday to criticism by Sierra Quadrant, the legal administrator of Electrocentrale Bucharest SA (ELCEN),…