Energy
Total Electric To Invest EUR20M In 15-MW Wind Farm In SE Romania
Buzau-based Total Electric plans to build a 15 MW wind farm in southeast Romania, in an investment estimated at EUR20.2 million.
State-Owned Energy Companies To Lay Off 1,500 People
Six Romanian state-owned energy firms will lay off a total 1,480 employees this year, or 5% of their overall staff, in a bid to boost efficiency, according to a draft government decision of...
CEZ Romania To Invest EUR30M In Hydro-Plant Upgrades
CEZ Romania, the local unit of Czech utilities group CEZ, will invest EUR29.9 million in the rehabilitation of micro-hydropower plants bought last year from smelter TMK-Resita.
Wind Farm Capacity Seen Doubling To 1,000 MW By Yearend
Romania’s installed wind power capacity might reach 1,000 MW by the end of the year, double the level seen in December 2010, despite investor walkouts based on “the legislative chaos”, wind...
PwC: Romania Needs Private Investors To Upgrade Public Heating System
The Romanian district heating system needs EUR5 billion investment over the next 10 years in order to increase its efficiency, but local authorities cannot cover this amount, which means pri...
Green Energy Law: EUR2B At Stake For Renewable Energy Investors In Five Years
Investors in renewable energy projects will collect an additional EUR2 billion by 2015, if the law regulating the support scheme is changed in such a way that more green certificates can be...
Power Transformer Producer Retrasib Taps Foreign Markets
Power transformer producer Retrasib Sibiu (RTRA.RO), controlled by Cluj-based businessmen Octavian and Calin Buzoianu, is set to focus on signing partnerships and securing contracts on forei...
Schneider Electric Sees 1 Mln Electric Cars In Romania By 2026
The number of cars on Romanian roads will double over the next 10-15 years and one million cars will be electric, says an estimate by Schneider Electric Romania, which is interested in takin...
CE Rovinari Starts Romania’s First Gas Desulfurization Unit
Thermal power producer CE Rovinari on Monday evening started its desulfurization installation, the first installation of its kind nationwide, following an investment of EUR60 million.