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 […]
German E.ON to invest EUR 210 million in power business in Romania
E.ON earmarked EUR 375 million for capital expenditure by 2023 in Romania, of which EUR 210 million is for the electric power division. It is also developing energy products and services and electric mobility infrastructure. Marking 15 years since the entry into Romania, E.ON said its priority has been the rehabilitation and modernization of distribution […]
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 […]
CEZ agrees to sell Bulgarian assets to Eurohold for EUR 335 million
Czech energy company CEZ Group has signed a contract today with holding company Eurohold Bulgaria for the sale of its assets in Bulgaria. Eurohold will pay EUR 335 million for CEZ’s Bulgarian assets, according to press releases from the two companies. The contract on the sale of CEZ’s assets in Bulgaria to Eurohold is subject […]
Antitrust watchdog blocks CEZ deal with Inercom
Bulgaria’s antitrust regulator has blocked the sale of Czech energy group CEZ’s assets in Bulgaria to Inercom Bulgaria, local media reported, adding that India Power Corporation could be a possible new buyer. CEZ is seeking to sell its seven companies in Bulgaria which control one-third of the country’s power distribution. The Commission for the Protection […]
Bulgarian Energy Minister resignation not accepted
Bulgarian Government decided not to accept the resignation of the Energy Minister Temenuzhka Petrova. Just a week ago she offered the resignation to Prime Minister Boyko Borisov and he accepted it. She decided to leave Bulgarian Government to prevent possible allegations about her role in the CEZ deal with Bulgarian company Inercom. Deputy Prime Minister […]
