Tag: Elcen

ELCEN to sue Bucharest City Hall for 790 million euros – Romania, 11 June 2019

The creditors of electricity and heat producer ELCEN are preparing to hire a legal consultant in order to file a lawsuit against the Bucharest City Hall claiming 790 million euros in unpaid bills by the City Hall. The situation could have been avoided through the merger of ELCEN with heating dist Full article available for […]

RADET went into bankruptcy – Romania, 18 April 2019

On 17 April, the Bucharest Court decided on the start of bankruptcy proceedings for thermal energy provider RADET. RADET’s legal administrator Gheorghe Piperea said that unless the motion for suspension of bankruptcy proceedings before the Court of Appeals succeeds, within ten days all the activi Full article available for subscribers of Energy NEWS service (PDF […]

ELCEN recorded 3.8 million euros loss in 2018 – Romania, 07 March 2019

Bucharest-based heat and electricity producer ELCEN recorded a net loss of in the amount of 3.8 million euros in 2018, compared to a profit of 7.6 million euros recorded in the previous year. The company’s turnover also decreased, to 348 million euros from 365 million euros in 2017. According to Full article available for subscribers […]