09.09.2015

A government agency that manages the state's stakes in energy companies is seeking EUR1.32 billion in reparations from state-owned Electrica SA (EL.RO) over the company's failure to follow through on more

08.20.2015

Romanian electricity distribution and supply company Electrica (EL.RO) will reduce the number of employees at its subsidiaries by 7.3%, in a move to boost labor productivity, according to information more

08.20.2015

Romanian electricity distribution and supply company Electrica (EL.RO) seeks to outsource two ready-to-build wind power projects, saying investments in renewable energy as not as attractive as they more

08.14.2015

Romanian electricity distribution and supply company Electrica (EL.RO) Friday said its net profit for the first half rose nearly 30% on the year on higher operating revenue and improved cost control. more

07.10.2015

Shareholders of Romanian power supply and distribution company Electrica (EL.RO) approved Thursday the group’s investment plan for 2015, worth RON859.68 million, the company said in a statement. more

06.10.2015

Romanian power supply and distribution company Electrica (EL.RO) will seek its stockholders' approval for an investment budget of 860 million lei (EUR194 million) in 2015, after the first draft was more

05.28.2015

There will be further opportunities on the market, as the major integrated players in the energy sector are going through transformations, says Ioan Rosca, general manager of Electrica (EL.RO), the more

05.15.2015

Romanian power supply and distribution company Electrica (EL.RO) Friday reported a 32% higher profit for the first quarter, following an increase in delivered electricity quantities. more

04.09.2015

Romania has lost the arbitration case in which it sought payment of 85 million euros from Czech energy group CEZ for alleged failure to meet obligations in the Electrica Oltenia privatization, CEZ more

04.02.2015

Romanian state-run power distributor Electrica (EL.RO) on Thursday said negotiations with investment fund Fondul Proprietatea (FP.RO) for the acquisition of the fund’s minority stakes in several more

04.01.2015

Fondul Proprietatea (FP.RO) will make an announcement about its talks with electricity distribution group Electrica (EL.RO) to exit its subsidiaries by the end of this week, the fund’s manager Greg more

03.27.2015

Romanian electricity distribution company Electrica (EL.RO) proposed the payment of a gross dividend of 0.7217 lei (EUR0.16) per share from the 2014 profits, the company said in a statement Friday. more

02.24.2015

Romanian state-run power distributor Electrica (EL.RO) plans to enter the energy distribution market of the Republic of Moldova through an acquisition but such a decision depends on the pro-European more

02.16.2015

Romanian power distributor Electrica (EL.RO) Monday reported a net profit of 280.5 million lei (EUR63.2 million) for 2014, seven times higher than in the previous year, due to an improvement of the more

02.13.2015

Romanian state-run power distributor Electrica (EL.RO) wants to buy the minority stakes held by investment fund Fondul Proprietatea (FP.RO) in its subsidiaries, the energy company said in a statement more

02.09.2015

Romania’s power distribution and supply group Electrica (EL.RO) and oil transporter Conpet (COTE.RO) are, separately, interested in acquiring some assets in the Republic of Moldova, market sources more

12.03.2014

Electrica (EL.RO), Romania’s largest power distribution and supply company, gave up its plan of becoming a producer of renewable energy, a project it embarked upon in 2010. The decision is set to more

11.14.2014

State-owned Electrica SA had revenues of RON3.55 billion (EUR800 million) in the first nine months, down 10% on the year, as electricity consumption declined, but its consolidated net profit grew 4%, more

11.11.2014

Romanian electricity producer and distributor Electrica plans to increase the share capital of its braches through contribution in kind representing several land plots worth a total 25.4 million lei more

11.11.2014

Electrica group (EL), Romania’s largest power distribution and supply company, has joined the MSCI index of frontier markets tracked by funds with $12.4 billion worth of assets. The company is thus more

10.31.2014

Energy prices will remain flat next year, believes Ioan Rosca, chief executive officer of Electrica, Romania’s largest power distribution and supply company, with almost 3.6 million consumers. more

10.16.2014

Romanian state-run power distribution company Electrica Furnizare, controlled by electricity producer and distributor Electrica, wants to purchase 62 million lei (EUR14 million) worth of electricity more

10.14.2014

Victor Cionga has been appointed Chairman of the Executive Board of Romanian electricity producer and distributor on Tuesday. more

09.25.2014

Romanian electricity producer and distributor Electrica has around EUR500 million available for investments in upgrading electricity distribution networks, said Gabriel Dumitrascu, head of the more

09.16.2014

Romania’s energy minister Razvan Nicolescu will discuss Wednesday in Rome with the management of Enel the sale of the Italian group’s Romanian units. more