Romania to use EUR 1.4 billion of EU funds to strengthen its energy sector
27 May 2022 - The EU allowed Romania to use its share of the Modernisation Fund for the makeover of coal plant owner CE Oltenia and the electricity grid
European Commission approves restructuring aid for CE Oltenia up to EUR 2.66 billion
28 January 2022 - Restructuring aid has been approved for CE Oltenia, Romania's third-largest producer of electricity, to replace coal with gas and renewables
Romania’s Oltenia to switch from coal to solar power using proceeds from CO2 permits
16 September 2021 - Romania hopes to get most of the EUR 671 million for solar power plants in coal complex CE Oltenia from the EU's Modernization Fund
Romania tells EU it would close all coal mines by 2032
26 May 2021 - Romania said it intends to stop the excavation of coal in 2032 at the latest and replace conventional power plants in the meantime
International investors plan to build 700 MW solar park in western Romania
03 March 2021 - A firm reportedly backed by a group of international investors plans to develop a 700 MW solar park in western Romania.
Romania erases new coal-fired thermal power plants from its plans
23 November 2020 - The Government of Romania claims no more coal power plants would be built and CE Oltenia hinted it is about to scrap the last such project.
CE Oltenia needs EUR 2 billion in aid for decarbonization plan
16 November 2020 - The plan envisages cutting CO2 emissions by 38%, shutdown of coal-fired units and the construction of solar parks and gas-fired power plants.
CE Oltenia plans to slash CO2 emissions by 38%, but keep investing in coal
26 August 2020 - Romania’s ailing state-run electricity producer Complexul Energetic Oltenia (CE Oltenia) has drawn up a 2021-2026...
CE Oltenia suspending 13,000 workers as sales drop amid COVID-19
20 April 2020 - The government in Bucharest is paying employees on a leave of absence 75% of gross...
EU conditions EUR 251 million state aid to coal, power utility CE Oltenia
26 February 2020 - The European Commission has approved Romania’s plans to grant a EUR 251 million loan to...
UPDATE: Romania’s CE Oltenia to close four units in coal power plants by 2025
29 January 2020 - In order to compensate for the capacities, the company plans to construct gas-fired and renewable energy units.
Four in five EU coal power plants unprofitable: Greece’s PPC faces EUR 596 million loss, Romania’s CE Oltenia EUR 567 million
28 October 2019 - Four in five EU coal power plants are unprofitable and utilities could lose EUR 6.6...