Tag: Oltenia

EC Oltenia seeks state aid for CO2 certificates – Romania, 13 September 2019

CEO of the Romanian state-owned electricity producer Energy Complex (EC) Oltenia Sorin Boza said that the company has drafted the documents for a state aid scheme aimed at helping the company pay for the CO2 certificates and intends to send them to the European Commission. The company has to pay Full article available for subscribers […]

EC Oltenia recorded significantly higher profit in H1 2019 – Romania, 20 August 2019

Coal-based electricity producer Energy Complex (EC) Oltenia said that it recorded a gross profit in the amount of some 40 million euros in the first half of 2019, which is significantly higher compared to a net profit of 7.5 million euros in the same period last year. The company’s revenues in th Full article available […]

Romania delays project for new unit at TPP Rovinari again – Romania, 30 July 2019

The shareholders of the Energy Complex (EC) Oltenia, more precisely the Romanian Government which holds the majority stake in the company, refused to mandate the company’s management for starting negotiations for the construction of a new coal-fired unit at thermal power plant Rovinari. The project Full article available for subscribers of Energy NEWS service (PDF […]