Tag: Bucharest

RADET recorded losses in 2016, ELCEN reported profit – Romania, 23 June 2017

Bucharest-based thermal energy distributor RADET recorded a loss of 75.4 million euros in 2016, while the company’s turnover amounted to 229.4 million euros. The situation in 2016 is slightly better compared to a year before, when RADET reported a loss of almost 94 million euros, with a turnover of 234 million euros. The company has […]

Bucharest City Hall wants to buy ELCEN – Romania, 9 June 2017

Spokesperson for the Romanian Government Alina Petrescu announced that it was agreed at the meeting between Minister of Energy Toma Petcu and Mayor of Bucharest Gabriela Firea that the shares of the largest Romanian heat producer ELCEN will be put up for sale and that Bucharest City Hall has expressed strong interest in acquiring those […]

Bucharest City Hall to pay 93 million euros to secure heating – Romania, 27 October 2016

Mayor of the Romanian capital Bucharest Gabriela Firea announced that an agreement between thermal energy distributor RADET, thermal energy producer ELCEN and natural gas producer and supplier Romgaz have been signed in order to secure district heating of the city during winter season. According to the agreement, Bucharest City Hall will pay some 92.7 million […]