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Tesla promises to build the largest battery system in the world within 100 days
Tesla has agreed to build the world’s largest lithium-ion battery storage project in South Australia, billionaire founder Elon Musk said…
Gazprom reviving “mini South Stream” in Balkans
Gazprom has signed “road maps” with Bulgaria, Serbia and Hungary to develop a pipeline for deliveries of gas from a…
The Romanian energy sector lacks not funding, but a development strategy (EBC, July 5)
Two large local banks (BCR and CEC Bank) and a global financial services giant (Moneycorp) have analyzed at the Energy…
Volvo announces the historic end to classic internal combustion starting with 2019
All new cars launched by Volvo from 2019 onwards will be partially or completely battery-powered, in what the company called…
Chimcomplex forms a trust for taking over Oltchim
Chimcomplex has made a last-day bid for Oltchim and claims to receive support from the 6 billion dollars in turnover…
Romgaz sells CET Govora gas worth 7 mln. euro
Romgaz, one of the two largest gas producers in Romania, concluded a 32,33 million Lei agreement, including VAT (about 7…
Iohannis: We must take advantage of all the energy offers in the market
Romania wants a North-South corridor for transportation, but also for natural gas, to cross Romania, mentioned President Klaus Iohannis, in…
Fitch assigns for the first time a rating to Transelectrica, assumes state will prioritise investments over dividends
Fitch Ratings has assigned for the first time a rating to Romanian national power transport and system operator Transelectrica, told…
H1 sees energy companies offering biggest winns at the Romanian stock exchange
Bucharest Stock Exchange (BVB) managed to keep a two digit growth by the end of the first half (H1) as…
Oana Mogoi, BCR: Banks and investors need the energy strategy for developing new projects
The banks and investors in the Romanian energy sector cannot make long-term estimates on the energy market in the absence…
Bogdan Badea takes over the chairmanship of the Hidroelectrica Directorate
During the July 5th 2017 board meeting, the Supervisory Board of Hidroelectrica has appointed three new members to the Executive…
France to ban sales of petrol and diesel cars by 2040
France will end sales of petrol and diesel vehicles by 2040 as part of an ambitious plan to meet its…
OMV Petrom resumes operations at the Brazi power station
OMV Petrom resumed operations at its Brazi power plant, but it will still operate at half of the capacity, respectively…
Armax Gaz Medias enters insolvency with debts worth 24 mln. euro
On July 3rd, the Sibiu Court admitted Armax Gaz Mediaş’s application for insolvency. The company with a history of 100…
Gas imports more than double over the small import prices
Romania imported between January and April 2017 542.100 tons of oil equivalent (tep) of usable natural gas of, with 251,1%…
Spanish Repsol and Gazprom set up joint venture
Spain’s Repsol has established a joint venture with Gazprom Neft after selling a 25 per cent stake in its Evrotek-Yugra…
Hidroelectrica has two new members in the Supervisory Board
The shareholders of the energy producer Hidroelectrica, one of the most profitable state-owned company, have appointed two new members to…
Romania, in infringement if does not halve the waste deposits
Romania could enter the procedure of infringement for not reducing the amount of waste by 50% until 2020, which will…
CEZ ended 2016 with losses worth about 50 mln. euro in Romania
CEZ has registered losses of 229 million lei last year in Romania, after a negative outcome of 410 million lei…
Energy Ministry signed a protocol for smart cities and mobility
The Ministry of Energy along with the Romanian Association for Smart City and Mobility (ARSCM), have signed an agreement with…
Zmelik, CEZ: We need new rules especially on the balancing market after the winter speculations
What happened at the beginning of the year on the electricity market, when prices climbed a few figures over the…
Petcu: We have an old, polluting, inefficient energy system
The Romanian energy sector is old, polluting and inefficient and we need major investments in order to revive this segment…