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Energy Minister suspects cartelization of the retail electricity market – Romania, 29 April 2021

Romanian Minister of Energy Virgil Popescu said in an interview that he suspects that an illegal cartel agreement has been formed in the retail electricity market. Minister Popescu explained that electricity suppliers did not purchase electricity in advance from the wholesale market at the lowest Full article available for subscribers of Energy NEWS service (PDF […]

OMV Petrom recorded 32 % lower profit in Q1 2021 – Romania, 29 April 2021

The largest Romanian oil and gas company OMV Petrom, a part of Austrian OMV Group, recorded a net profit in the amount of some 101.5 million euros in the first three months of 2021, which is by 32 % lower compared to the same period last year. Operating income of the upstream segment excluding sp […]

Construction of Terna’s pump-storage HPP to start in October – Greece, 29 April 2021

Terna Energy has made a final investment decision on the project for the construction of a pump-storage hydro complex in Amfilohia in northwestern Greece, which cost is estimated to 500 million euros. The construction of the plant should start in October this year. The facility will have an insta Full article available for subscribers of […]