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 […]
Romania to launch EUR 115 million subsidy program for solar prosumers
Romania’s Environmental Funds Administration plans to run a program in March-April to offer up to EUR 115 million in European funds to prosumers to encourage the adoption of solar energy. The program to offer subsidies of up to EUR 4,200 per prosumer was discussed at a recently held conference that brought together representatives of the […]
Electrica appoints Georgeta Corina Popescu as new CEO
The Board of Directors of Romanian power distribution and supply company Electrica has decided to appoint Georgeta Corina Popescu as new CEO, for a four-year term. She was interim CEO of Electrica from November 1, 2018, after former CEO Dan Catalin Stancu resigned. “The Romanian energy market is undergoing a profound transformation period, and for […]
KESH gets new CEO as sacking continues in Albanian state-owned power sector
Former chief of the Albanian Development Fund (ADF) Benet Beci has been appointed as new general manager of public power utility KESH, after Agron Hetoja was relieved of duty, local media reported. This is the second major change in leadership of the state-owned power utilities following the appointment of the Belinda Balluku as new infrastructure and […]
Electrica to invest EUR 190 million in energy efficiency and quality of services
Electrica Group, leader in electricity distribution and supply in Romania, has announced its plan to invest over EUR 190 million (RON 900 million) this year in rehabilitation and upgrade of the distribution networks. The goal of this year record investment is to increase the quality of service by 40 percent and energy efficiency and to reduce […]
Power production and distribution companies in the Balkan region – governments still in charge
By Vladimir Spasić, energy journalist and analyst It is not just that the governments in the Balkan region do not consider selling their power utilities, but they covet buying what they sold twenty years ago, or at least buying from their neighbors. This can be illustrated by the announcement of Serbian power utility Eletkroprivreda Srbije (EPS) […]
Electrica awards contract to SAP without tender
Power supplier and distributor Electrica Group signed a deal worth EUR 5.2 million with SAP Romania on August 1 after direct negotiation and without public tender, according to a report on Hotnews.ro, republished by Romania Insider. The selected company shall provide maintenance in the segment covered by SAP licenses at the utility’s information technology system. […]
Electrica lifts profit by 12% year on year in first quarter
Romanian power supplier and distributor Electrica Group posted net consolidated profits of RON 142 million (EUR 31.5 million) in the three months through March, up by 12% from the same period of the previous year. According to the company’s press release, EBITDA was also increased by 12%, to EUR 57.3 million. Operating profit in the first quarter […]
