Tag: restructuring

EC Oltenia to enter restructuring under new management – Romania, 17 March 2020

The Supervisory Board of coal-based electricity producer Energy Complex (EC) Oltenia could decide, at the meeting at the end of March, to suspend the functioning of the management board, a measure that will be approved in the general meeting of shareholders. Member of the Supervisory Board Dumitr Full article available for subscribers of Energy NEWS […]

EPS to be restructured next year – Serbia, 05 March 2020

State Secretary at the Ministry of Mining and Energy Mirjana Filipovic said, at the Kopaonik Business Forum, that state-owned power utility EPS would be restructured the next year, which is conditioned on the solving of the property issues. According to Filipovic, the main issue with the restruct Full article available for subscribers of Energy NEWS […]

Without restructuring EC Oltenia will be closed – Romania, 14 February 2020

Romanian Minister of Finance Florin Citu said that coal-based electricity producer Energy Complex (EC) Oltenia will be closed if it does not follow the restructuring plan it undertook to receive rescue aid from the state, adding that the Ministry of Finance already sent the financial inspection to s Full article available for subscribers of Energy […]