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EnMin Popescu: We suspect electricity suppliers, thinking we would return to regulated prices, are involved in a cartel


Sursa foto: Guvernul Romaniei
The Ministry of Energy suspects that the energy suppliers have concluded an illegal cartel-type of agreement, for they did not buy the electricity to be supplied to the population at the lowest costs possible, the relevant Minister, Virgil Popescu, said in an interview to AGERPRES.
The Minister showed that the prices are not yet stable after the liberalization of the market as of January 1, but the providers relied on the fact that the authorities would return to the regulated prices and they did not buy the energy for the second half of the year.
With respect to the Black Sea gas, Romgaz and the Ministry have received positive signals from Exxon regarding the take over of the 50 percent package in the Neptun Deep project, while negotiations continue and the offshore Law is about to be modified in Parliament. ....

Black Sea , Oceans General , Romania General , Virgil Popescu , Oltenia Energy , Ministry Of Energy , Neptun Deep , Jiului Valley , கருப்பு கடல் , பெருங்கடல்கள் ஜநரல் , ரோமானியா ஜநரல் , கன்னி போப்ஸ்கூ , அமைச்சகம் ஆஃப் ஆற்றல் ,

Bankwatch Romania warns the European Commission the billion-euro state aid for OEC breaches State aid rules

Bankwatch Romania warns the European Commission the billion-euro state aid for OEC breaches State aid rules
business-review.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-review.eu Daily Mail and Mail on Sunday newspapers.

Romania General , Oltenia Energy , European Commission , Government Decisions , Bankwatch Romania , Energy Complex , Romanian Government , Oltenia Energy Complex , ரோமானியா ஜநரல் , ஐரோப்பிய தரகு , அரசு முடிவுகள் , ஆற்றல் சிக்கலான , ரோமானியன் அரசு ,

PM Citu announces adoption of emergency ordinance on Oltenia Energy Complex restructuring plan


Sursa foto: Inquam Photos / George Calin
The government adopted at its meeting this Thursday an emergency ordinance on the restructuring plan of the Oltenia Energy Complex, a plan that has already been greenlighted by the European Commission, and which provides for the grant of 664.1 million lei as state aid to the power facility for the purchase of green certificates, Prime Minister Florin Citu announced.
There was need for an emergency ordinance for the restructuring plan of the Oltenia Energy Complex. This is an EC-approved plan for the purchase of green certificates. There would have been problems there, had the certificates not been procured, so we also found a financing mechanism, and the ordinance was also passed, Florin Citu told a press conference at the Victoria Palace of Government, agerpres.ro confirms. ....

Romania General , Florin Citu , Oltenia Energy , European Commission , Oltenia Energy Complex , Prime Minister Florin Citu , Victoria Palace , ரோமானியா ஜநரல் , ஃப்ளோரின் சீட்டு , ஐரோப்பிய தரகு , ப்ரைம் அமைச்சர் ஃப்ளோரின் சீட்டு , விக்டோரியா அரண்மனை ,

RON 664.1 million in gov't endorsed state aid for Oltenia Energy Compex


15/04/2021 18:49
The government adopted on Thursday an emergency ordinance on the granting of state aid of 664.1 million lei to the Oltenia Energy Complex (CEO), for the purchase of emission certificates for last year, according to a release of the Ministry of Energy, sent to AGERPRES.
We are moving ahead with the restructuring process of the CEO, and the amounts allocated today come to confirm that we are following the plan agreed with the European Commission. The CEO is an important pillar of the energy system in our country, but we also need to complete the restructuring plan in order to be able to produce clean energy, said the Energy minister, Virgil Popescu. ....

Romania General , Virgil Popescu , Ministry Of Public Finance , Oltenia Energy , European Commission , Oltenia Energy Complex , Ministry Of Energy , Public Finance , Restructuring Plan , ரோமானியா ஜநரல் , கன்னி போப்ஸ்கூ , அமைச்சகம் ஆஃப் பொது நிதி , ஐரோப்பிய தரகு , அமைச்சகம் ஆஃப் ஆற்றல் , பொது நிதி , மறுசீரமைப்பு திட்டம் ,