Tag: Elcen

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 […]

State expects 230 million euros from Rompetrol, ELCEN privatizations – Romania, 2 February 2018

According to the document published by the Romanian Ministry of Energy, the state expects to collect some 230 million euros in this year from the privatizations of oil refiner Rompetrol Rafinare and Bucharest-based electricity producer ELCEN. The document also mentions the amount of some 550,000 euros to be used to hire experts who will recruit […]