Energy
Hidroelectrica Board Members Surprised By Request For Insolvency
Although Romanian hydropower producer Hidroelectrica has requested the start of insolvency proceedings, two of the five members of the company's board say they did not attend the meeting whe...
Survey: Romania’s Green Certificate Scheme Too Generous, Will Harm Energy System
The aid granted by Romania to support the production of renewable energy is too generous and will lead to overcapacity, which will affect the stability of the country’s energy system, accord...
Energy Investments Are Stuck Because Romanian State Does Not See Sector As Priority - Report
Private investment into energy production is in deadlock in Romania because reforms in this sector ceased in 2004 and the Government does not consider energy an essential infrastructure comp...
Romania Might Not Need Two More Nuclear Reactors – Study
Romania might not need to build two new nuclear reactors at its power plant in Cernavoda because of a multitude of green energy projects and long-term investment plans in the production of c...
Hidroelectrica Asks For Start Of Insolvency Proceedings
Romanian hydropower producer Hidroelectrica asked the Bucharest court for the start of the insolvency proceedings, and a first hearing was scheduled for Wednesday.
Unconventional Gas May Cover Romania’s Need Of Russian Gas - Romgaz Official
Unconventional gas, including shale gas, may relieve Romania of its dependence on Russian gas imports, which currently covers some 20-30% of national consumption, Monday said Radu Gheorghe,...
Renewable Energy Producers Received Subsidies Of EUR123M Since The Start Of 2012
Renewable energy producers received nearly EUR750,000 each day over the past month, and the value of subsidies granted to companies generating power by using wind, sunlight or water resource...
Termoelectrica To Lay Off 500 Staff
Romania's Government has approved a program of collective layoffs for 500 employees of power producer Termoelectrica, with the first stage, during which 200 staff will be sacked, to begin in...
Romanian Producers Not Allowed To Sell Electricity Outside Competitive Market
Romanian energy producers will be compelled to trade all available electricity on a competitive market, according to the country’s new energy Law adopted Thursday.