Tag: Oltenia

EC Oltenia expects 42.5 million euros profit in 2017 – Romania, 16 February 2018

The management of one of the largest Romanian electricity producers Energy Complex (EC) Oltenia announced that it expects that the company’s profit in 2017 would reach some 42.5 million euros. The statement comes after Greg Konieczny from investment fund Fondul Proprietatea (FP), a minority shareholder in EC Olteania, said that the fund is worried about […]

EC Oltenia announced investments of 143 million euros in 2018 – Romania, 11 January 2018

State-owned electricity producer Energy Complex (EC) Oltenia said that it is planning to invest over 143 million euros in 2018, which is the largest amount invested in the last three years. General Manager of EC Oltenia Sorin Boza explained that of the total amount of 143 million euros, the majority will be allocated for capital […]

EC Oltenia produced almost a quarter of Romania’s electricity in 2017 – Romania, 8 January 2018

Energy Complex (EC) Oltenia produced 15 TWh of electricity in 2017, or 24 % of the total electricity production in Romania. Compared to the previous year, the company’s energy production increased by over 11 %. In 2016, EC Oltenia achieved an electricity production of 13.5 TWh. The statement from the company said that in 2017, […]