News

E.ON gets EUR 2 million in damages from government

Published

August 24, 2015

Comments

0

Share

Published:

August 24, 2015

Comments:

0

Share

After a legal dispute at the arbitration court in Paris against E.ON, Romanian state lost the case because of claims being overdue and is obliged to pay the German energy group EUR 2 million in compensation. The government had accused E.ON of not having made the investments promised in the privatization contract of the former Electrica Moldova, Romania-Insider reported. The state then asked the company to pay EUR 33 million, but the court in Paris ruled in favor of the other party, Capital.ro said.

The government in Bucharest also has other legal disputes with international companies that took over electricity distributors. Romania also went to court against Enel, demanding EUR 500 million in compensation. The state claims that the Italian energy company, which took over Electrica Muntenia Sud, didn’t respect the privatization contract.

Related Articles

EU Alliance for Zero Emission Aviationhydrogen electrification

EU’s Alliance for Zero Emission Aviation to work on hydrogen, electrification

27 June 2022 - The EU said the Alliance for Zero Emission Aviation would accelerate the development of electric and hydrogen-powered aircraft

Turkey defense developing first fully domestic wind turbines

Turkey’s defense industry developing first fully domestic wind turbines

27 June 2022 - Turkey's main defense contractor Aselsan joined hands with EÜAŞ with the aim to install the first wind turbines fully made in Turkey in 2024

Skrekas Greece triple LNG storage renewable energy capacity

Skrekas: Greece to triple LNG storage, renewable energy capacity

27 June 2022 - Minister of Environment and Energy Kostas Skrekas said the government would mobilize over EUR 44 billion for Greece's energy sector by 2030

green-hydrogen-electrolyzers

Siemens Energy, Air Liquide team up to make large-scale green hydrogen electrolyzers

27 June 2022 - The two companies believe their large-scale green hydrogen electrolyzers could help make renewable hydrogen competitive sooner