CE Oltenia suspending 13,000 workers as sales drop amid COVID-19
The government in Bucharest is paying employees on a leave of absence 75% of gross salary for the duration of the state of emergency. CE Oltenia, already strained by carbon emissions costs, introduced a minimum staffing scheme and sent the first of two groups of workers home for 17 workdays. Romania must introduce measures to […]
Romania to build 310 MW in solar power capacity in Oltenia coal pits
The authorities in Bucharest are struggling to keep the coal mining and thermal power plant complex above water. Romania is preparing the ground for four solar power units to be installed in a mine and slag and ash ponds run by state-owned CE Oltenia. Complexului Energetic Oltenia SA has commissioned the study on the upcoming […]
Four in five EU coal power plants unprofitable: Greece’s PPC faces EUR 596 million loss, Romania’s CE Oltenia EUR 567 million
Four in five EU coal power plants are unprofitable and utilities could lose EUR 6.6 billion this year alone, finds a new report from financial think-tank Carbon Tracker. Looking at the region, Greek utility PPC could lose EUR 596 million this year, Romanian utilities could lose EUR 567 with CE Oltenia alone facing losses of […]
Court halts expansion of largest coal mine in Romania following Bankwatch appeal
A Bucharest court has blocked an expansion of Rosia, the largest coal mine in Romania located in Gorj county, following a legal challenge to the mine’s environmental permit lodged by Bankwatch Romania. Romania is among seven EU countries that have not declared when they will stop using coal. In 2016, Complexul Energetic Oltenia (CEO), the […]