HPP Iron Gates II revitalized at exaggerated price – Romania, 13 July 2016

The head of insolvency company Euro Insol and current manager of the Romanian electricity producer Hidroelectrica Remus Borza said that HPP Iron Gates II (Djerdap) was revitalized at a price 12 times higher than HPP Lotru-Ciunget. Borza said that the authorities are currently investigating two contracts worth over 500 million euros which started 15 years […]

Transelectrica and Transgaz signed cooperation agreements with Vietnamese companies – Romania, 13 July 2016

Romanian Ministry of Economy announced that electricity transmission system operator Transelectrica and natural gas transmission system operator Transgaz have signed Memorandums of Understanding (MoU) on mutual cooperation with Vietnamese energy companies. Representatives of these two transmission system operators were present in Vietnam during the official visit of the Romanian Prime Minister Dacian Ciolos to this […]

RCS&RDS to supply electricity to Romanian public television – Romania, 13 July 2016

Telecommunications operator RCS&RDS, which entered the electricity supply business in late 2014, has signed a contract worth almost 500,000 euros (without VAT) for the supply of electricity to the Romanian public television SRTv. The length of the contract is one year and it envisages the delivery of 6,842 MWh of electricity to SRTv’s headquarters in […]