Premier Energy to fully acquire cogeneration plant in Romania

Business Forum

10 April, 2025 at 8:00 PM

Premier Energy has announced its plans to acquire the remaining 25% stake in True Energy Management for €3 million.

This strategic move will grant Premier Energy full ownership of the company, pending approval from the Committee for the Examination of Foreign Direct Investments.

True Energy Management operates Premier Energy's cogeneration balancing plant in Făgăraș, Romania.

The plant currently has an installed electricity generation capacity of 13.2 MW, and it is undergoing expansion to increase capacity to 19.9 MW. This expansion involves the purchase of two new engines, which are currently in the testing phase and expected to be fully operational within the next month.

The acquisition is expected to enhance the company's operational capabilities and generation capacity in Romania, according to a notification submitted to the Bucharest Stock Exchange (BVB).

Hidroelectrica posts 122% profit surge in Q1 2026

Romanian energy giant Hidroelectrica recorded a net profit of €263 million in the first quarter of 2026, marking a 122% increase compared to same period last year, according to a report submitted to the BVB.

Energy

Premier Energy to acquire Romania's third largest power distribution player

Premier Energy has signed an agreement to acquire Distribuție Energie Oltenia (DEO) from funds managed by Macquarie Asset Management for approximately €700 million.

Energy

Foraj Sonde inks large contract with EDF group firm

Romanian drilling company Foraj Sonde Videle has secured a framework contract worth approximately €132 million from Dalkia France, part of the EDF Group, for geothermal drilling services over three years.

Finance

Grup EM starts trading on BVB's AeRO market

Romanian energy construction group Grup EM began trading on the Bucharest Stock Exchange's AeRO market, raising €5 million through its IPO.

Energy

Premier Energy acquires 200 MW battery storage project in Romania

Premier Energy has acquired a 100% stake in a 200 MW battery storage system development near Iași, Romania. The ready-to-build project has a capacity of 400 MWh.

Energy

ANRE approves Transgaz's 10-year development plan

The National Energy Regulatory Authority (ANRE) has approved the National Natural Gas Transmission System (SNT) Development Plan for 2024–2033, updated for 2025.

Finance

Sphera Franchise Group becomes an Associate Member of ARIR

Sphera Franchise Group is one of the 16 companies out of the 80 evaluated from the Main Market of the BSE that received the maximum score, 10, for investor communication.