Energy
Delgaz Grid Wants to Attract EUR700M Worth of EU Funds to Invest in Local Distribution Networks
Delgaz Grid, part of E.ON group in Romania, plans to attract, in the coming years, EUR700 million of European funds, to which around EUR1.5 billion of own funds will be added, to fund an ext...
Italy’s Enel Seals Contract for Sale of Romanian Assets to Greece’s Public Power Corporation for EUR1.26B
Italy’s group Enel has announced it signed a contract with Greek-owned Public Power Corporation (PPC) for the sale of Romania assets, with the value of the deal standing at EUR1.26 billion.
Electrica Group Ends 2022 With Almost RON560M Consolidated Net Profit
Romanian state-owned energy utility group Electrica (EL.RO) on Wednesday reported a consolidated net profit of nearly RON560 million for 2022, compared to a loss of RON552 million in 2021, a...
Siemens Energy to Supply Key Components for Gas-Fired Mintia Power Plant
Siemens Energy and independent power producer Mass Global Energy Rom S.R.L. have signed an agreement, which will see the former supply the HL-class gas turbine for the Mintia combined-cycle...
Nuclearelectrica Signs New Agreement With SNC-Lavalin For Cernavoda NPP Unit 1 Refurbishment
Nuclearelectrica (SNN.RO), Romania’s only nuclear power producer, advances Cernavoda NPP Unit 1 Refurbishment Project by selecting Candu Energy Inc., a member of the SNC-Lavalin Group, to co...
New Owner of Mintia Thermoelectric Power Plant to Complete EUR1B Investment in 36 Months
The first phase of the EUR1 billion investment in the Mintia thermoelectric power plant will be completed in 24 months, while the entire project will be completed 12 months after that, the n...
Government: AE Solar to Invest EUR1B in Solar Panel Plant in Romania
Solar panel manufacturer AE Solar will invest EUR1 billion in a plant to make solar panels in Romania, Romania’s government announced in a release, following a meeting of Prime Minister Nico...
Distrigaz Sud Retele Reached Total Investments Of RON555M In 2022
Natural gas distributor Distrigaz Sud Retele in 2022 carried out total investments worth RON555 million in the natural gas distribution network in order to meet the company’s two major objec...
Hydrogen Made in Ro: Galati and Dobrogea Could Become Hydrogen Valleys
By mid-2023, Romania is likely to have its first strategy for the development of local hydrogen production, with Galati and Dobrogea being seen as potential hubs for this new industry.