The energy group number 5 Rovinari, within the Oltenia Energy Complex, is ready to be put into operation and connected to the National Energy System, the cost of the project being over 100 million euros, the Minister of Energy, Sebastian Burduja, wrote on Facebook on Sunday , taken over by Agerpres. “Almost ten years since […]
The Energy Regulatory Authority (ANRE) approved in this week’s Regulatory Committee meeting a package of licenses for the commercial exploitation of electricity production capacities totaling 62.37 MW, according to the data announced by the institution. ANRE approved three licenses for commercial exploitation this week, according to public data. This means that the 62 MW, which […]
Romanian mergers and acquisitions (M&A) recorded 198 transactions during the first nine months (9M) of 2024, marking an 8.2% increase compared to the same period last year (183 deals). The estimated value of Romanian M&A activity rose by 22.3% year-on-year (YoY), reaching USD 5.2bn vs USD 4.2bn in 9M 2023, and was primarily driven by […]
Romania received a letter of delay from the European Commission, which does not represent a conviction or sanction but a call for clarification and adjustment of the national legislation, the representatives of the Ministry of Energy convey in a press release. “The infringement procedure started by the European Commission is at an early stage, in […]
Global demand for natural gas is increasing at a stronger rate in 2024 than in the previous two years, which were heavily affected by the turmoil of the global energy crisis. At the same time, new gas supplies coming to market in 2024 remain limited due to the relatively slow growth of LNG production while […]
Claudia Griech, general manager of E.On Energie Romania, one of the important suppliers of electricity in Romania, says that, following the model of the gas market, the authorities should also introduce a mandatory mechanism for offering electricity in the market, where to be obliged to the producers, in the context of the re-liberalization of the […]
The Serbs are continuing the Iron Gates 3 pumped hydro plant project, and have three scenarios of installed power. At this stage, they will estimate the impact of the new power plant – which could change the energy landscape in the Balkans – on the Portile de Fier 1 hydropower plant, one of the calculations […]
The Ministry of Energy has initiated a Memorandum that brings together representatives of several institutions for a very clear definition of the vulnerable consumer, the one in energy poverty, announced, on Thursday, the competent minister, Sebastian Burduja, during a conference organized by the publication InvesTenergy. “We have initiated a Memorandum, it is on the last […]
The European Commission decided on Thursday to initiate a procedure for finding non-fulfillment of obligations by sending a letter of formal notice to Romania for limiting the freedom of market participants to set their wholesale prices for electricity and gas, as well as gas exports, shows in a communique of the Community Executive taken over […]
The European Bank for Reconstruction and Development (EBRD) is supporting the expansion of renewable energy developer Green Genius with an equity investment of €100 million. Once approved by the competition authorities in the relevant countries, the EBRD will become a minority shareholder in the company. The proceeds will support the firm’s European growth strategy, which […]
OMV Petrom, the largest integrated energy producer in Southeast Europe, operator of the Neptun Deep project, announces the start of construction work for the steel support structure of the production platform (“jacket”), the oil company said in a press release presser. Its execution is part of the contract concluded with Saipem and is carried out […]
The European Commission accepted that, within the Council of Ministers of October 15, the joint request of Romania, Bulgaria and Greece regarding a functional energy market be debated, the Minister of Energy declared, on Wednesday, at the briefing at the end of the Government meeting , Sebastian Burduja. “Romania’s request was accepted by the European […]
The Minister of Energy, Sebastian Burduja, said on Wednesday that he discussed with the management of E.ON in relation to the sale of the division that deals with the supply of energy and gas in Romania and that there is no decision, at the group level, to sell in this moment. The minister was asked, […]
It is not normal for Eastern Europe to pay much higher prices for energy than Western Europe, as has happened in recent months, and that is why we have asked the European Commission (EC) for fair treatment and a functional energy union, he wrote, Wednesday, on Facebook, the Minister of Energy, Sebastian Burduja. “As I […]
Popular Articles
