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Energy & Environment
OMV Petrom opens Romania’s largest charging hub
Thursday, May 15, 2025
Romanian oil and gas company, OMV Petrom, is adding 400-kilowatt (kW) high-power charging points for electric trucks to its network. Among these, the ...
EU warns Romania to remove gas price cap or face legal action
Thursday, May 8, 2025
The European Commission warned Romania on Wednesday to remove its cap on gas prices or potentially face legal action over the policy, which the EU executive branch said violates the bloc's energy market rules. Gas and power bills for Romanian households, small businesses and public institutions have been capped up to certain monthly consumption levels since November 2021, with suppliers compensated for ...
OMV Petrom to begin, on June 3, payment of dividends for 2024 financial year
Thursday, May 8, 2025
OMV Petrom will begin, on June 3, the payment of dividends for the 2024 financial year to its shareholders registered in the Shareholders' Register kept by the Central Depository on the registration date of May 13, 2025, the company announced on Monday."In accordance with the Decision of the Ordinary General Meeting of Shareholders of OMV Petrom of April 24, 2025, OMV Petrom announces the payment of dividends for the 2024 financial year through the ...
CSAT approves completion of works at hydroelectric power plants be considered a national security project
Thursday, May 8, 2025
The Supreme Council for Country's Defense (CSAT) has agreed in principle that the completion of works at hydropower plants in advanced stages of construction should be considered a national security project, interim president Ilie Bolojan announced on Wednesday.The CSAT had on its agenda on Wednesday the draft law on some measures necessary for the implementation of national security projects in the field of hydropower."A fourth ...
Largest photovoltaic park in Romania, financed by PNRR, inaugurated in Teius by Danish developer
Thursday, May 8, 2025
The largest photovoltaic park in Romania financed with funds from the National Recovery and Resilience Plan (PNRR), a total investment of 55 million euros, of which 15 million euros represent non-refundable financing, was inaugurated on Tuesday in Teius (Alba County) being also the largest such objective achieved in the 16 countries where the Danish developer Eurowind Energy is present.Built on a pasture of over 80 hectares, the park is still used by ...
Romania, U.S. sign memorandum on green energy storage through pumped storage hydropower plants
Thursday, May 8, 2025
Romania's Hidroelectrica and the National Renewable Energy Laboratory (NREL) - U.S. Department of Energy have initialled a memorandum that puts Romania at the forefront of Europe in the storage of green energy through pumped storage hydropower plants (PSH) throughout the Carpathian chain, Romania's Energy Minister Sebastian Burduja announced on Monday."Today, in Warsaw, on the sidelines of the Three Seas Summit, I had an excellent, extensive bilateral ...
OMV Petrol making strong progress in delivering its Strategy 2030
Thursday, May 8, 2025
OMV Petrom is making strong progress in delivering its Strategy 2030, which positions it to lead the energy transition in the region, according to OMV Petrom CEO Christina Verchere.According to the company, starting this year, its sustainability reporting is integrated into the company's annual report. It says that this step reflects the company's commitment to transparency and responsible business practices, in line with its Strategy 2030, ...
Rompetrol Rafinare to restart petrochemical plant in Petromidia refinery
Thursday, May 8, 2025
Rompetrol Rafinare is set to restart the Low-density polyethylene (LDPE) plant at the beginning of May, currently undergoing the last technological tests for the restart of the plant, which was shut down at the end of 2023 due to the unfavorable market context.According to a press release, the reintegration of the LDPE plant is being realized with an investment effort of 1.5 million USD, through which the company intends to strengthen its position as ...
Romgaz: From 2027, natural gas prices in Romania will be competitive, pegged to imports
Thursday, April 24, 2025
Natural gas prices in Romania will be competitive from 2027, probably corroborated ongoing imports, says Dan Dragan, chairman of the Board of Directors of SNGN Romgaz natural gas corporation."Whether we are talking about electricity or natural gas, certainly from 2027 prices for natural gas will be competitive and at that time probably corroborated with the imports that are still in progress, it will represent an advantage for the final consumer," Dragan ...
Nuclearelectrica: We are preparing the feasibility and bankability studies for the SMR project
Thursday, April 24, 2025
A small modular reactor (SMR) project in Doicesti, Dambovita County, continues, as feasibility and bankability studies are being worked out that will determine an investment decision and the next steps, General Manager of the Nuclearelectrica Cosmin Ghita said at a conference on energy issues."The SMR project continues. We are in the Feed 2 phase at Doicesti, where we have both ongoing site assessments and the development of the plant project related to our ...
Photovoltaic park in Teius to be commissioned at April end
Thursday, April 24, 2025
The 60 MW photovoltaic park in Teius will be commissioned at the end of April and will add to the nearly 600 MW of capacity already operational from green energy production projects financed through the National Recovery and Resilience Plan (PNRR), Minister of Energy Sebastian Burduja told a specialist event."We are pleased to announce that, from PNRR-funded calls alone, we already have almost 600 MW of green energy production capacity up and running. And by ...
Coal production down by 4.1 pct in first two months of 2025, imports down by 84.1 pct
Thursday, April 24, 2025
Romania's coal production amounted to 330,600 tons of oil equivalent (toe) in the first two months of 2025, 4.1% lower (minus 14,100 toe) than in the same period last year, according to data centralized by the National Institute of Statistics (INS).Imports of coal amounted to 3,800 toe in the mentioned period, down by 20,100 (minus 84.1%) compared to January-February 2024.Both the dynamics of coal production and imports are expected to ...
Consumer watchdog to carry out inspections into electricity suppliers until mid-June
Thursday, April 24, 2025
The National Authority for Consumer Protection (ANPC) will carry out, for three months, control actions at national level to verify how the legal provisions on consumer protection are respected in the process of supplying electricity."During the period April 17 - June 16, 2025, the National Authority for Consumer Protection (...) will carry out a large-scale control action at national level, aiming to verify how the legal provisions regarding consumer ...
Romanian Photovoltaic Industry Association supports investments in energy storage and grid digitalization
Thursday, April 24, 2025
The Romanian Photovoltaic Industry Association (RPIA) underlines the need to support investments in storage capacity, transmission and distribution infrastructure, grid digitalization and electrification to ensure the balance and resilience of the National Energy System, especially in periods of low consumption.According to a press release of the organization, in the last three years, as a result of the European Green Deal and of the ...
Gas production down almost 2pct, imports up 23pct, two months into 2025
Thursday, April 24, 2025
Romania's usable natural gas production in the first two months of 2025 was standing at 1.26 million tons of oil equivalent (toe), down 23,800 toe year-on-year, at minus 1.9%, according to data with the National Institute of Statistics (INS).On the other hand, in the first two months of this year, natural gas imports increased by 23% (plus 255,200 toe) year-on-year, to 462,700 toe.According to estimates of the country's by the National ...
Banca Transilvania finances Simtel with 28 million euros for completion of photovoltaic park in Giurgiu
Thursday, April 24, 2025
Banca Transilvania (BT) is financing the Simtel company with 28 million euros for the completion of a photovoltaic park in Giurgiu, Banca Transilvania announced on Thursday.This is an investment loan of 16 million euros, respectively a bridge loan of 60.6 million lei. The project is 80% complete, the construction of the park having been financed so far from the company's own sources, and the two loans from BT will fully cover its ...
Retele Electrice Romania launches auction of up to 180 million RON for connection works
Thursday, April 17, 2025
Retele Electrice Romania launched on the electronic public procurement platform SEAP a public auction with a maximum value of approximately 180 million RON, excluding VAT, for the performance of customer connection works to the distribution networks managed by the company.According to a press release, contractors will receive orders to build medium and low voltage electrical installations, as a result of connection requests from users."The works ...
The feasibility study for the HVDC project that will connect the Black Sea to Hungary has been completed
Thursday, April 17, 2025
Transelectrica, TAQA, Meridiam, and E-INFRA welcome the successful completion of the feasibility study for the High Voltage Direct Current (HVDC) interconnector linking the Black Sea to Hungary. Conducted by CESI, the study confirms both the technical feasibility and economic rationale for the planned underground transmission system. The project is supported by the Romanian Ministry of Energy and aligns ...
Ministry of Energy launches second call for projects for production of electricity for self-consumption
Thursday, April 17, 2025
The Ministry of Energy (ME) is launching the second call for projects for the production of electricity for self-consumption, with a budget of 300 million euros for companies that want to produce their own clean energy, ME informs in a press release sent on Monday.Thus, the Ministry of Energy has launched for public consultation the Applicant Guide for the call for projects intended to support investments in new capacities for the production ...
Competition official: Capping energy prices was excessive and allowed some to earn a lot of money
Thursday, April 17, 2025
Capping energy prices was excessive and allowed some to earn a lot of money, possibly legal, but immoral, unjustified in terms of opportunity, which is why the capping should not continue, Chairman of the Trade Competition Council Bogdan Chiritoiu told a specialist conference on Monday."We [the Competition Council] have never been fans of the price capping. I think it was excessive (...) We introduced it early - and it was good that we did so. ...