Tag: Elcen

ELCEN will go bankrupt if reorganization plan is not adopted – Romania, 07 September 2018

The Mayor of Bucharest Gabriela Firea said that heat and electricity producer ELCEN will go bankrupt unless the reorganization plan is not adopted at the next creditor’s meeting, scheduled for 24 September, with disastrous consequences for the heating system of Romania’s capital. In late August, Full article available for subscribers of Energy NEWS service (PDF […]

Bucharest City Hall to merge RADET and ELCEN under single company – Romania, 18 May 2018

The General Council of the city of Bucharest approved a draft decision for the transfer of the assets and liabilities of district heating company RADET and electricity and heat producer ELCEN to Energetica Municipal Company. Judicial administrators of both RADET and ELCEN have previously requested the approval of the transfer of the companies to Bucharest […]

ELCEN acquisition is expected soon – Romania, 2 March 2018

Mayor of Bucharest Gabriela Firea said that she expects that ELCEN will soon set the amount that the City of Bucharest will have to pay for the acquisition of company, after which the General Council will decide whether the acquisition is viable. Firea stressed that the City has several alternatives in case ELCEN decides not […]