Hidroelectrica
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Hidroelectrica
Hidroelectrica is a leader in electricity production and the main provider of technological services required in the National Energy System in Romania. The company is currently managed in a dual system, by a Management Board, under the supervision of a Supervisory Board. History The successor to the Ministry of Electricity, RENEL, was founded in 1990 The Romanian Energy sector was reorganized in 1998, by creating (in compliance with GD 365), a holding company, :ro:CONEL, CONEL, with four subsidiaries: Termoelectrica, Electrica, Hidroelectrica, Nuclearelectrica. In 2000, these four companies became, in compliance with GD 627, fully state-owned companies. Additionally, Transelectrica was also created In 2001, a strategy for the development and modernization of the energy system is drawn up, Hidroelectrica included, with the main purpose of attracting private capital to complete the investments initiated A reorganization process follows in 2002 for Hidroelectrica, completed with ...
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Electrica
Electrica is a private company, listed on the Bucharest and London stock exchanges. Electrica is the only listed Romanian company in the field of electricity distribution and supply in Romania. Electrica Group is a key player in the electricity distribution and supply market in Romania, as well as one of the most important players in the energy services sector. The main activities of the Group are represented by the distribution and supply of electricity to final customers. The company was established in 1998 as a division of ''CONEL'' (''Compania Națională de Electricitate''), the largest electric power distribution company in the country at that time, but became a stand-alone company in 2000 when CONEL was restructured. History The story of Electrica begins in 1921, when the „Societatea Română pentru Întreprinderi Electrice Industriale”, founded in 1898, becomes “S.C. ELECTRICA S.A. – Societate Anonimă Română". In 1990, after the fall of the communist regime, t ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Bucharest
Bucharest ( , ; ro, București ) is the capital and largest city of Romania, as well as its cultural, industrial, and financial centre. It is located in the southeast of the country, on the banks of the Dâmbovița River, less than north of the Danube River and the Bulgarian border. Bucharest was first mentioned in documents in 1459. The city became the capital of Romania in 1862 and is the centre of Romanian media, culture, and art. Its architecture is a mix of historical (mostly Eclectic, but also Neoclassical and Art Nouveau), interbellum ( Bauhaus, Art Deco and Romanian Revival architecture), socialist era, and modern. In the period between the two World Wars, the city's elegant architecture and the sophistication of its elite earned Bucharest the nickname of 'Paris of the East' ( ro, Parisul Estului) or 'Little Paris' ( ro, Micul Paris). Although buildings and districts in the historic city centre were heavily damaged or destroyed by war, earthquakes, and even Nic ...
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Romania
Romania ( ; ro, România ) is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern, and Southeast Europe, Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, and the Black Sea to the southeast. It has a predominantly Temperate climate, temperate-continental climate, and an area of , with a population of around 19 million. Romania is the List of European countries by area, twelfth-largest country in Europe and the List of European Union member states by population, sixth-most populous member state of the European Union. Its capital and largest city is Bucharest, followed by Iași, Cluj-Napoca, Timișoara, Constanța, Craiova, Brașov, and Galați. The Danube, Europe's second-longest river, rises in Germany's Black Forest and flows in a southeasterly direction for , before emptying into Romania's Danube Delta. The Carpathian Mountains, which cross Roma ...
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Energy
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object that has mass whe ...
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Termoelectrica
Termoelectrica is a Romanian state-owned company, its shares being held by the Ministry of Economy and Commerce which has as main objective power generation with thermal power plants. Termoelectrica owns three subsidiaries with a total installed capacity of 1,717 MW and an annual average power production of 5.910 TWh, 9.64% of the total national output of Romania. Subsidiaries Electrocentrale Bucharest is a Romanian state-owned company, its shares being held by Termoelectrica which has as main objective power generation with thermal power plants. Electrocentrale Bucharest owns three subsidiaries with a total installed capacity of 2,008 MW and an annual average power production of 6.759 TWh, which is 12.7% of the total national output of Romania Romania ( ; ro, România ) is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern, and Southeast Europe, Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary ...
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Nuclearelectrica
SN "Nuclearelectrica" S.A. (SNN) is a partially state-owned Romanian nuclear energy company incorporated in 1998 by the reorganization of RENEL. The company is under the authority of the Ministry of Energy, and the state has 82.49% of the shares and other shareholders - 17.50% after listing the company at the stock exchange in 2013. The field of activity of Nuclearelectrica is the manufacture of electricity, thermal energy and nuclear fuel. Nuclearelectrica is the only producer of nuclear energy in Romania. The company has two branches: * CNE Cernavodă branch, operates Units 1 and 2 at CNE Cernavoda and auxiliary services; * The Nuclear Fuel Plant (FCN) of Pitești. SNN also has 100% of the shares of project company Energonuclear, incorporated in order to implement the project for Units 3 and 4 of CNE Cernavodă. The Cernavodă Nuclear Power Plant was designed with an initial profile of five reactors with Canadian technology, of CANDU type, with installed power of approxi ...
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Transelectrica
Transelectrica is an electricity transmission system operator in Romania. It is publicly traded company with 58,69% of the shares being held by the Ministry of Economy and Commerce, 13,5% by Fondul Proprietatea, and 27,81% being floated on the Bucharest Stock Exchange or held by other investors. It is listed at the Bucharest Stock Exchange. Transelectrica is organized in eight territorial transmission branches and one more branch acting as a metering operator for the electricity traded on the wholesale market. Transelectrica also has subsidiaries that take care of different administration tasks. Branches * ST Bucharest which includes Buzău, Călărași, Dâmbovița, Giurgiu, Ialomița, Ilfov, Prahova, and Teleorman counties and the city of Bucharest. It operates 1,240 km of power lines. * ST Constanța which includes Constanța, Tulcea, Galați, Brăila counties and partially that of Ialomița and Vrancea counties. It operates 900 km of power lines. * ST Pitești ...
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Energy In Romania
Energy in Romania describes energy and electricity production, consumption and import in Romania. Romania has significant oil and gas reserves, substantial coal deposits and it has considerable installed hydroelectric power. However, Romania imports oil and gas from Russia and other countries. To ease this dependency Romania seeks to use nuclear power as an alternative for electricity generation. So far, the country has two nuclear reactors, located at Cernavodă, accounting for about 18–20% of the country's electricity production, with the second one online in 2007. Nuclear waste is stored on site at reprocessing facilities. Electric power in Romania is dominated by government enterprises, although privately operated coal mines and oil refineries also existed. Accordingly, Romania placed an increasingly heavy emphasis on developing nuclear power generation. Electric power was provided by the ''Romanian Electric Power Corporation'' (CONEL). Energy sources used in electric pow ...
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