Tag: EC Oltenia

Merger with EC Oltenia will reduce Hidroelectrica’s performance – Romania, 04 October 2019

Private investment fund Fondul Proprietatea, a minority shareholder in Romanian electricity producer Hidroelectrica, said that proposed merger of the company with coal-based electricity producer Energy Complex (EC) Oltenia would affect the company’s performance, thus making its initial public offeri Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and […]

Government considering merging Hidroelectrica and EC Oltenia – Romania, 01 October 2019

The Romanian Government is considering the merge of lignite-powered plants of Energy Complex (EC) Oltenia and the hard coal plants of EC Hunedoara with hydro-based electricity producer Hidroelectrica, in case the European Commission does not approve the state aid envisaged for EC Oltenia. Upon the m Full article available for subscribers of Energy NEWS service […]

EC Oltenia expects lower profit in 2019 – Romania, 23 April 2019

Coal-based electricity producer Energy Complex (EC) Oltenia is expecting revenues in the amount of some 822 million euros in 2019, while net profit expectations are pretty low with just around 200,000 euros. EC Oltenia also expects some 70,000 euros in revenues from European funds, overdue paymen Full article available for subscribers of Energy NEWS service (PDF […]