Tag: financial

Hidroelectrica to record lower profit due to GEO 114 – Romania, 18 June 2019

Romanian electricity producer Hidroelectrica claims that Government’s Emergency Ordinance GEO 114 adopted in late 2018 will significantly affect the profitability of the company and developed three different scenarios depending on the extent to which it will have the obligation to comply with the re Full article available for subscribers of Energy NEWS service (PDF publications, […]

JANAF proposes dividend of 11.6 euros/share – Croatia, 15 June 2019

At the general meeting scheduled for 28 August, shareholders of Croatian oil transportation company JANAF should vote on the distribution of dividends from last year’s profit in the amount of some 11.6 euros/share. The total amount that should be distributed as dividends would reach 11.7 million Full article available for subscribers of Energy NEWS service […]

ESM sold 4.2 million euros worth of surplus electricity in the first half of June – Macedonia, 14 June 2019

Macedonian state-owned power utility ESM (former ELEM) informed that it sold a total of 4,800 MWh of surplus electricity for almost 200,000 euros at an auction organized on 6 June, with the average price of 41.42 euros/MWh. Furthermore, the company sold additional 11,160 MWh of surplus electricit Full article available for subscribers of Energy NEWS […]