Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS


Energy & Environment

R.Power secures 200-MWp solar project pipeline in Romania

Thursday, March 28, 2024

Polish solar developer R.Power SA Group has secured an over 200-MWp project pipeline in Romania and expects to bring the entire photovoltaic (PV) capacity online by the end of next year, https://renewablesnow.com/ reports.   The pipeline includes multiple solar schemes across ...

Retele Electrice Muntenia has finalized the modernization of the North Power Station following investments of 70 million lei

Thursday, March 28, 2024

The modernization of the North Power Station involved the complete consolidation of the building and the replacement of electro energetic equipment, without interrupting the supply to customers. The primary substation serves about 73,000 customers, from the north-central area of Bucharest, many central and local institutions, hospitals and household customers or economic agents.   Retele ...

Alessio Menegazzo, PPC: We must greatly support and accelerate investments in electricity networks

Thursday, March 28, 2024

Investments in electricity networks must be supported and accelerated a lot, because otherwise an even bigger gap will be created between Romania and other countries, Alessio Menegazzo, CEO and country manager of PPC (formerly Enel) in Romania, said on Monday."We need a lot of investment in electricity networks because this is how we prepare for a better, more decarbonised future, in which customers will have many possibilities that they ...

Energy Ministry launches renewables CfD scheme

Thursday, March 28, 2024

  The Energy Ministry launched on Monday the renewables Contracts for Difference (CfD) scheme, a financial instrument designed to stimulate the domestic production of green energy.Early this month, the European Commission approved a EUR 3 billion (RON 15.22 billion) Romanian scheme to support onshore wind and solar photovoltaic energy facilities, in order to foster the transition to a net-zero economy, as per the Green Deal Industrial Plan.According ...

S. Korea, Romania discuss closer ties in nuclear energy, defense

Thursday, March 28, 2024

 South Korea's industry ministry said Monday it has discussed ways to broaden its industrial partnership with Romania focusing on the nuclear energy and defense sectors. https://en.yna.co.kr/ reports.   Industry Minister Ahn Duk-geun met his Romanian counterpart, Stefan Radu ...

Nuclear energy is back - proponents adopt declaration in Brussels

Thursday, March 28, 2024

At the first-ever Nuclear Energy Summit in Brussels, a number of countries pushed for nuclear power as a way to achieve carbon neutrality in the bloc by 2050 - but opponents warn of the risks of expanding its production. At the same time, renewable energy also remains key to the EU's energy and climate debate. How divided is Europe on nuclear power?Promoting nuclear power was long taboo in Brussels, but a high-profile Nuclear Energy Summit sent the message that atomic ...

Shanghai Electric opens branch in Romania

Thursday, March 28, 2024

  A company from the Chinese conglomerate Shanghai Electric established a subsidiary in Romania. The Chinese company submitted a bid to build the photovoltaic parks developed by Petrom together with the Oltenia Energy Complex.   Last month, Shanghai Electric Romania Company S.R.L. was registered at the Trade Registry, according to data from the Official Gazette. The main activity of the new company is “construction works of ...

Law promulgated: Transelectrica has authority on expropriations regarding rehabilitation of energy transport system

Thursday, March 21, 2024

President Klaus Iohannis promulgates on Wednesday, the Law approving GEO on amendment of the Electric energy and natural gas law which completes expropriations of works concerning the national transport of electricity and natural gas.   The law is completed by a new aspect at article 2, paragraph 3, where the expropriator is mentioned.   The Economy Ministry, through the National Company for Electricity Transport ...

Romanian-Korean cooperation memorandum in nuclear energy field

Thursday, March 21, 2024

The government approved the negotiation and signing of a Romanian-Korean memorandum to consolidate cooperation in the nuclear energy field.   The memorandum will be signed by the Ministry of Trade, Industry and Energy of Korea and the Energy Ministry of Romania, according to a Government press release.   “The objective of the Memorandum between the two states is to set up a frame to consolidate cooperation in the ...

Doicesti project will be 20-30% cheaper than the Utah one

Thursday, March 21, 2024

The project of small modular reactors (SMR) from Doicesti is, according to discussions with NuScale, 20-30% cheaper than the one in Utah, the minister of Energy, Sebastian Burduja, said on Monday."I don't want to advance any figure. This is the purpose of the second phase in which the project enters, to detail everything that needs to be done, the budget of the project, including arranging the financial structure that will support this investment," said ...

Romania posts surplus in electricity trade for 2023, but exports cheaper per MWh

Thursday, March 21, 2024

Given that electricity exports were significantly higher than imports in physical terms, and in value terms in 2023, Romania was in surplus. Not in terms of price per MWh, where the export price was lower than the import price.   The value of Romania’s electricity exports in 2023 was 1.23 billion euros, according to the data communicated by the National Institute of Statistics at our request. In 2023, the value of Romania’s ...

Sineng Powers a 53MW Solar PV Plant in Romania With Its String Inverter Solution

Thursday, March 21, 2024

The Glodeni solar power plant, with a capacity of 53MW and powered by Sineng’s state-of-the-art string inverters, has been successfully connected to the grid and is now fully opera?ional, https://solarquarter.com/ reads.   Owned by DTEK, a world-class energy enterprise, ...

EBRD lends €30.8 million to Moldova to link to European electricity grid via Romania

Thursday, March 21, 2024

The European Bank for Reconstruction and Development (EBRD) is lending €30.8 million to Moldova and its state-owned electricity company Moldelectrica to link the country’s network to that of its European Union neighbour, Romania, by constructing a high-voltage transmission line between the Moldovan city of Balti and the Romanian border, ...

Electricity consumption increases 9pct in economy, drops 14pct for population

Thursday, March 21, 2024

   Final electricity consumption in Romania increased 3.2% in January 2024, compared to the same period last year, while final electricity consumption in the economy increased 9% and that of the population dropped 13.8%, according to data the National Institute of Statistics (INS) published on Friday.The official statistics reveal that in the period from 1 to 31 January 2024, compared to the first month of 2023, primary energy resources decreased 1.5% and ...

Romania delays adoption of energy and climate plan, casts doubt on renewable targets

Thursday, March 21, 2024

The Romanian government will neither adopt its National Integrated Energy and Climate Change Plan before the expected 30 June deadline nor will the country meet the EU’s renewable energy targets, an energy ministry official said on Thursda, euractiv.com reads.   The Energy Ministry aims to have a revised version of the National Integrated Energy and Climate Change Plan (PNIESC) by the end of April, but a ministry official admitted it is unlikely ...

Gas imports increased by over 143% in January 2024

Thursday, March 21, 2024

Romania imported, in January 2024, a quantity of usable natural gas of 107,800 tons of oil equivalent (toe), 143.3% higher (+63,500) compared to the same period last year, according to data centralized by the National Institute of Statistics (INS) quoted by Agerpres.   Domestic natural gas production totaled, in the first month of this year, 662,000 toe, being only 0.1% above that of January 2023 (+700 ...

Nofar: 1 GW of green energy can be built annually in Romania by 2030

Thursday, March 21, 2024

  Nofar Energy wants to start building more than 600 MW photovoltaic parks this year and estimates that Romania has the capacity to install at least 1 GW of new renewable projects annually by 2030, said Stelian Favieli, Managing Partner of the company.   “We see 2024 as a year to stabilise the market a bit. Not much will happen, but what happens now will be [crucial] for the next 5-6 years,” he said, at the ...

Noark Electric opens Romania’s first regional logistics centre for electrical equipment and components

Thursday, March 21, 2024

  Noark Electric Romania, a subsidiary of Noark Electric Europe, a company that develops, manufactures and markets electrical components and low-voltage equipment for residential, commercial and industrial applications, announces the opening of its logistics centre in Romania that will serve the countries in the region.   With its location in a strategic area near Bucharest, located at FM Logistic, the centre ensures high product ...

Long-term clean energy projects to generate around 20,000 jobs

Thursday, March 21, 2024

The long-term strategic projects that will ensure Romania’s energy security with clean energy will generate around 20,000 jobs during the period in which they are carried out, declared, on Thursday, in a specialized conference, Teodor Chirica, the president of the Board of Nuclearelectrica. He referred to the refurbishment of Unit no. 1 from Cernavoda, the project of Units 3 and 4, as well as the implementation of the small modular ...

OMV Petrom budgets over EUR 3 million to plant 25 urban forests in 14 Romanian cities in 2024

Thursday, March 14, 2024

 OMV Petrom will budget over EUR 3 million in 2024 to plant 25 urban forests in 14 Romanian cities in 2024 under "Romania plants for tomorrow" project.At the same time, planting activities will continue in areas in need of intervention, both in urban and rural areas.In total, it is estimated that more than 560,000 saplings will be planted with the help of partner associations and volunteers. The budget for this year is EUR 3.2 million."I would like to ...

Premium News


Friday, April 12, 2024

Financial & Banking

Monday, April 8, 2024


Tuesday, April 9, 2024


Wednesday, April 10, 2024

Energy & Environment

Thursday, April 11, 2024