KMGI and SAPE launched the Kazakh – Romanian Energy Investment Fund with two projects in pipeline
KazMunayGas International (KMGI) and Societatea de Administrare a Participațiilor în Energie (SAPE) which is owned by the Ministry of Energy…
SAPE asks Electrica 800 mln euro in court for eluding post-privatization obligations
The Romanian state Energy Packages Management Company (SAPE) filed a lawsuit against Electrica, controlled by the Romanian state at a…
Enel bought 13.6% of its Romanian distribution companies for 400 mil. euro
The Italian utility Enel SpA announces that its wholly-owned subsidiary Enel Investment Holding B.V.(EIH) has completed the transaction for the…
Romania loses arbitration case against Enel and EUR 1.3 million; Who is to blame?
Everyone, after reviewing the facts. No one, when foreseeing the most plausible consequences. Many experts with good reputation in the…
Victor Grigorescu about Hydro Tarniţa: We spent millions of euros without results
Romania spent five million euros without obtaining any tangible result for Hydro Tarniţa project, says Energy Minister Victor Grigorescu. “We…
The most profitable employees in the state-own energy companies
Over 60,000 employees work in energy companies subordinated to the Government. Almost half of these companies ended 2014 with losses,…
Ministerul Energiei chose Pricewaterhouse Coopers and George Butunoiu Group to select private managers
The Ministry of Energy has chosen to work with PricewaterhouseCoopers Tax Advisors & Accountants and George Butunoiu Group for selecting…
CEZ vs. SAPE: The state gets under 8% of the claimed damages
###author### The decision of the International Court of Arbitration in the suit of Electrical and Romanian State against the Czech…
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