Electrica affected by legislation and low demand – Romania, 28 April 2020

According to Romanian brokerage company Tradeville, the coronavirus pandemic affects electricity distributor and supplier Electrica on two levels – through lower electricity demand and negative impact of the measures adopted by the Government. in the context in which the company had a lower net resu Full article available for subscribers of Energy NEWS service (PDF […]

OMV Petrom to distribute dividends despite low oil prices – Romania, 28 April 2020

The shareholders of Romanian largest oil and gas producer OMV Petrom approved the distribution of dividends in gross value of some 360 million euros, representing 48 % of the 2019 net profit. Out of this amount, approximately 75 million euros will go to the Romanian state, which holds a minority Full article available for subscribers […]

Tender for the modernization of HPP Vidraru cancelled – Romania, 27 April 2020

According to the Romanian electronic public procurement system (SEAP), the tender for the reconstruction and modernization of hydropower plant Vidraru, operated by Hidroelectrica, has been cancelled. According to the information on SEAP, the reason for the cancellation is that only unacceptable o Full article available for subscribers of Energy NEWS service (PDF publications, energy news, […]