Govnet

Talks between Romania’s Minister of Energy and Enel representatives on sale of local assets

Razvan Nicolescu, the Minister Delegate for Energy, today met with a delegation from Enel led by Luca D’Agnese, member of the group’s board, in charge with international business. Talks treated Enel’s operations in Romania in the context of the announced sale of the domestic assets, reads a press release of the Department for Energy.

Moldova: Iasi-Ungheni gas pipeline was inaugurated

Prime Minister Victor Ponta attended the inauguration ceremony of the Iasi-Ungheni pipeline, along with his Moldavian counterpart, Iurie Leanca and Gunther Oettinger, European commissioner for energy. The project is aimed at providing the Republic of Moldova with an alternative to the gas supplied by Gazprom, thus ensuring a greater level of independence, as Moldavians will have access to gas providers from Romania.

Department for Energy announces nominations for members of Electrica’s future BD

Baroness Arielle Malard de Rotschild will be supported by the Department for Energy for a position within the future Board of Directors of Electrica, while Victor Cionga and Victor Grigorescu are the candidates designated by the Romanian State for becoming members of the board which will be established on September 22, 2014, when the first General Meeting of Shareholders subsequent to the company’s IPO is scheduled.

Energy

Marubeni and Elcen to build a 250 MW gas power plant in Mures

Romania's largest thermo energy producer, Electrocentrale Bucharest, set up a joint venture with Japanese firm Marubeni Corporation to develop a gas power plant with a total installed capacity of 250 MW. The investment for the plant located in Fantanele, Mures county will amount to about 170 million euros.

The joint venture, SC Fântânele Gas Power SA, will be owned 90% by Marubeni Corporation and the remaining 10% of shares by Electrocentrale Bucharest, the company being operated as an independent power producer. The project involves the development of electricity generation units powered by natural gas, located inside the former Fântânele thermoelectric plant, which is currently disused.

Talks between Romania’s Minister of Energy and Enel representatives on sale of local assets

Moldova: Iasi-Ungheni gas pipeline was inaugurated

Nuclearelectrica starts the selection procedure for investors for completion of Units 3 and 4

The increase in gas price for households expected for October could be deferred

Department for Energy announces nominations for members of Electrica’s future BD

Major tax facilities for the developer of Tarnita-Lapustesti project

Marubeni and Elcen to build a 250 MW gas power plant in Mures

Enel Group to sell assets in Slovakia and Romania