E.ON Romania names Manfred Paach new CEO, as Frank Hajdinjak steps down
As of October 1, Manfred Paach will serve as new CEO of German power utility E.ON’s operations in Romania. He will take over from Frank Hajdinjak, who has held the reins of E.ON Romania for 11 years, Romanian media reported. Manfred Paach previously served as the CFO of German energy service provider E.DIS, and he […]
Hidroelectrica to launch IPO in September 2020
Romania’s state-owned power utility, Hidroelectrica, will launch an initial public offering (IPO) on the Bucharest Stock Exchange in September 2020, local media reported. According to Hidroelectrica CEO Bogdan Badea, the most profitable state-owned company in Romania plans to list 10% of its shares in IPO. There is an option for dual listing, possibly in London […]
Mercedes-Benz to supply 130 Citaro hybrid buses to Bucharest
Mercedes-Benz has won the sole bid to supply the Bucharest municipality with 130 Citaro hybrid buses. The German automotive company will supply Bucharest with 130 Citaro hybrid buses for RON 195 million (around EUR 40 million), Romania Insider reported, citing Economica.net. The order, financed with the EU funds, will supplement the 400 diesel buses ordered last […]
Hidroelectrica eyeing CEZ, Enel assets in Romania
Following power distribution and supply company Electrica, another Romanian state-owned energy company, power producer Hidroelectrica, has revealed it is eyeing Czech energy company CEZ’s assets in Romania, as well as assets owned by Italian energy company Enel in Romania, according to reports. Hidroelectrica, Romania’s largest power producer 80% owned by the state and 20% by […]
CEZ Romania swings to net loss in 2018 on decreased wind power generation
Czech energy company CEZ Group in Romania posted a net loss of RON 50.3 million (about EUR 10.6 million) in 2018, compared to a net profit of RON 421.2 million (around EUR 89 million) in 2017, as its largest energy facility, the Fantanele-Cogealac wind farm, produced a total of 1,105 GWh of electricity, 218 GWh […]
Romania, Slovenia among five countries eyeing new European Commission’s energy portfolio
Five EU member states, including Estonia, Latvia, Romania, Poland, and Slovenia, are interested in getting the energy portfolio in the next European Commission, HotNews.ro reported. The candidates for European energy commissioner are Kadri Simson from Estonia, Virginijus Sinkevicius, Linas Linkevicius or Saulius Skvernelis from Latvia, Luminita Odobescu from Romania, Krzysztof Szczerski from Poland, and Janez […]
Lithuanian-Bulgarian startup Spark launches EV sharing service in Bucharest
Spark, a Lithuanian-Bulgarian startup, has officially launched an electric car sharing service in Bucharest. Customers with the Spark mobile app, a driving license, and a bank account can rent one of the 50 electric cars on offer and pay by the minute, local media reported. Spark offers Renault ZOE with 350 km autonomy for RON […]
Electrica interested in CEZ assets in Romania – CEO
Romania’s state-owned power distribution and supply company Electrica is interested in buying the assets owned by Czech energy company CEZ in Romania, once they are put up for sale, Electrica CEO Georgeta Corina Popescu has said in an interview with Agerpres, Romania Insider reported. In addition to eyeing CEZ’s assets in Romania, Electrica is also considering […]
