Tag: restructuring

State to divest 20 % stake in EC Oltenia by the end of 2026 – Romania, 03 May 2022

According to the restructuring plan of coal-based electricity producer Energy Complex (EC) Oltenia, which was approved by the European Commission in early January, the Romanian state has committed to sell […]

EC Oltenia recorded 180 million euros loss in 2020 – Romania, 02 June 2021

Romanian state-owned coal-based electricity producer Energy Complex (EC) Oltenia said that it has recorded a net loss in the amount of some 180 million euros in 2020, with its revenues […]

Government still hopeful for EC’s approval of EC Oltenia restructuring plan – Romania, 25 May 2021

Romanian Minister of Energy Virgil Popescu expressed hope that the European Commission will approve the restructuring plan of state-owned coal-based electricity producer Energy Complex (EC) Oltenia within next month. According […]