The World Bank is sending out a strong message to the international energy giants, which arrived in Romania via privatization processes, asking them to commit to significant investments and not just complain about the steps taken or postponed by the Romanian government. source: Ziarul Financiar

Enel Green Power International will get a EUR 180 million loan from the Export Credit Agency (EKF), owned by the Danish Government, and with Citigroup, in order to finance wind projects in Romania, US and Brazil. The 12-year financing package will be used for the Zephyr I, 120 MW project in Romania and for a 200 MW and a 90 MW park in US and Brazil, respectively. The three wind parks ill need EUR 670 million in total to be built. Enel has been active in Romania since 2005, with activities in energy production and distribution. Its revenues in Romania last year stood at EUR 970 million, while [...]

Portugal’s industrial group Martifer Wednesday announced plans to produce photovoltaic energy in Romania, through its subsidiary Martifer Solar. source: Ziarul Financiar

Czech utility CEZ will have all the 600 MW wind installed capacities in Fantanele and Cogealac parks (Dobrogea area) operational by the end of 2012, according to Adrian Borotea, corporate affairs director at CEZ Romania. This statement was made today during the third edition of Focus on Renewable Energy, an event organized by Business Review. “CEZ has 387.5 MW of installed wind capacities now, and we are adding another 30 MW this May. CEZ will have 600 MW up and running in Cogealac and Fantanele by the end of 2012 with total investment costs running between EUR 1.1 – 1.2 billion,” [...]

Although at least in theory all electricity consumers have been able to change their supplier since 2007, with the exception of large companies, few have given up the comfort of regulated prices to venture into the competitive market. source: Ziarul Financiar

Romania’s hydro power generator Hidroelectrica included in this year’s budget investments of EUR 358 million, up 1 percent from 2011, according to Agerpres newswire. Around 60 percent of the investments (EUR 205 million) come from Hidroelectrica’s budget, while EUR 94 million originate from banks loans, and EUR 59 million from other sources. Hidroelectrica’s estimated revenue for 2012 is down 1.2 percent to EUR 711 million against 2011, while expenses fell by 2.6 percent year-on-year to EUR 699 million this year. A 10 percent package of new shares in Hidroelectrica will [...]

Electricity supplier CEZ Vanzare recorded a turnover of EUR 318 million last year in Romania, almost flat compared to 2010. But this year, it hopes to sell a bit more, targeting EUR 325 million in turnover, or a 4 percent increase on 2011. CEZ Vanzare controls 14 percent of the regulated market in Romania – which includes domestic consumers and some companies that still get tariffs fixed by the Romanian Energy Regulatory Authority (ANRE). On the competitive market segment, the company has a 3 percent market share, according to ANRE data. Romanians used 3.3 percent more electricity in 2011 [...]