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
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
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
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
03 March 2021 - A firm reportedly backed by a group of international investors plans to develop a 700 MW solar park in western Romania.
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.
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.
26 August 2020 - Romania’s ailing state-run electricity producer Complexul Energetic Oltenia (CE Oltenia) has drawn up a 2021-2026...
20 April 2020 - The government in Bucharest is paying employees on a leave of absence 75% of gross...
26 February 2020 - The European Commission has approved Romania’s plans to grant a EUR 251 million loan to...
29 January 2020 - In order to compensate for the capacities, the company plans to construct gas-fired and renewable energy units.
28 October 2019 - Four in five EU coal power plants are unprofitable and utilities could lose EUR 6.6...