Electrica pays EUR 1.62 million for 7.5 MW Stănești solar park
Electrica paid just EUR 1.62 million for the Stănești photovoltaic unit to Raylexo Limited and Long Bridge Management si Administrare, but it also took on EUR 3.82 million in existing loans. Electrica said it completed the acquisition of the Stănești solar park in the south of Romania. The power distributor and supplier bought the unit for […]
Electrica to merge power distribution subsidiaries, energy services units
Romanian electricity supplier Electrica Group is set to merge its three power distribution subsidiaries and two energy services companies. The move has already been approved by the company’s shareholders. The merger of the three electricity distribution subsidiaries – SDEE Transilvania Nord, SDEE Transilvania Sud, SDEE Muntenia Nord – is scheduled for January 1 and the […]
State-owned firms bid jointly for ČEZ assets in Romania
Hidroelectrica, Electrica and SAPE may face E.ON and Allianz, India Power Corp. and MVM in the race for the Czech company’s seven businesses. ČEZ, looking for a buyer for its assets in Romania, values them at EUR 1.07 billion against the book value of EUR 15 billion A consortium established by Hidroelectrica, Electrica and SAPE […]
Electrica acquires Stănești solar park, enters power generation market
Romanian power supply company Electrica Group has acquired 7.5 MW Stănești Photovoltaic (PV) Farm in a move that marks its entry in the power generation sector, namely renewables. According to the local media, the company is also negotiating the acquisition of several other facilities including the 45 MW Dorobanţu wind farm and PV farms controlled […]
Romania temporarily prohibits sale of majority stakes in energy companies
Romania will maintain the state of emergency for at least one more month and until it is abolished, no energy firm can be taken over. Hidroelectrica will thus need to wait longer for its acquisition of ČEZ’s subsidiaries in the country. The state of emergency has been extended for a month, to May 14. Just before […]
Italy’s Enel launches sale of Romanian assets
Italian energy company Enel has initiated the sale of its assets in Romania, Reuters has reported. Just a week ago Romanian state-owned power utility Hidroelectrica invited bids to select an adviser for the acquisition of Enel’s and Czech energy company CEZ’s assets in Romania. The sale of Enel’s operations in Romania is being led by […]
Wind dominates Top 3 Most Read list for July
The news that Croatia’s state-owned power utility Hrvatska Elektroprivreda (HEP Group) is going ahead with its first wind farm was number-one on our English-language Top 3 Most Read list for July. The Top 3 Most Read list for July is also available for our portal’s Serbian/local language version. 1 – Nordex Group to supply turbines […]
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 […]
