Enel: Romanian energy crisis will hit the renewables sector
The energy crisis in Romania will imminently hit the renewable energy sector, said Georgios Stassis, general manager of the power company Enel Romania. He warned that the young energy market in Romania is facing its first exceptional challenge. “The prices are at their highest levels in decades, the system is close to its functioning limit, […]
Greece expects EUR 1.5 billion investments in wind energy
Ten corporations and their associates are set to invest around EUR 1.5 billion over the next three years for the development of wind-energy facilities with a total capacity of 1.400 MW. The majority of these projects are being planned by the ten biggest renewable energy players in the Greek market or smaller firms planning partnerships […]
Enel to invest EUR 200 million in digitalisation in Romania
Italian energy company Enel announced plans to invest EUR 200 million in network and equipment digitalisation in Romania, for the 2017-2019 period, according to the newly unveiled business strategy. As a part of a wide corporate changes, Enel Group announced it will invest as much as EUR 4.7 billion in digitalisation of its asset base, […]
Enel wins case brought on by government
The Arbitration Court in Paris ruled against Romania’s state energy holdings administration company SAPE SA in the case for alleged breaches of privatization contract by Italian Enel SpA. The government earlier lost processes involving E.ON and ČEZ, which had also acquired branches of state-owned Electrica SA. The current case was for damages of over EUR […]
Enel to install 110,000 smart meters this year
Enel plans to install meters for all of its 2.7 million clients in Romania, in order to pave the way for smart cities and infrastructure, Business Review reported. The Italian utility’s Romanian subsidiary got approval from the National Energy Regulatory Authority (ANRE) to install another 110,000 smart meters as part of a pilot programme. Last […]
Enel overhauling electrical grid in Bucharest
Simco International Impex, an energy services company, has won a EUR 1.5 million contract to carry out investment and maintenance works on low-voltage and high-voltage public lighting networks in Bucharest, networks leased to Enel, according to a report published on Nine o’Clock portal. Enel Distribuţie Muntenia, the contracting authority, points out one third of the works can […]
Remote reading system covers over 60% of customers
Out of 370,000 electricity consumers in Montenegro, 228,000 or over 60% are included in the system of remote electricity meter reading, state-owned utility Electric Power Company of Montenegro (EPCG) informed news agency Mina-Business. EPCG stated Enel delivered all the electricity meters for the modernization of electricity consumption measurement project. “In the second stage of the project, 82,000 […]
Enel’s subsidiary posts EUR 64 million profit in Q1
Enel’s EBITDA in Romania fell by 1.5% in the first quarter, from EUR 65 million a year ago to EUR 64 million, according to data released by the Italian group and quoted by Mediafax. The company has obtained earnings before interest and taxes (EBIT) down by 26% from EUR 50 million a year ago to […]
