Enel finishes acquisition of 527 MW of hydro plants from ERG
Enel informs that its subsidiary Enel Produzione S.p.A. (“Enel Produzione”), following the fulfilment of the conditions precedent set forth in…
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OPEC: Global oil demand will return to pre-pandemic levels in 2022
The elected secretary general of the Organization of the Petroleum Exporting States said on Monday that global oil demand should…
Voicu, Certinvest: We will have a slightly positive year at BVB, but not as exuberant as in 2021
There is potential for growth for the Bucharest Stock Exchange in 2022, but we are also vulnerable in terms of…
Electricity and fuel prices have risen in January
The year 2022 brings to the Romanians an increase of the minimum wage, of the pension point and of the…
Electrica: New reorganization process to be discussed with the social partners
Electrica has started a procedure to reorganize the structure of the headquarters and a final decision will be taken after…
OPEC and Russia decide on Tuesday whether to increase oil supply
Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil producers decide on Tuesday whether to increase their supply…
Ministry of Energy: Public consultation on the new European energy strategy
The Ministry of Energy has launched a public consultation on the new European strategy on international energy engagement, according to…
Romania’s GDP increased in 2021 by 17 bln. euro compared to 2019, at a record level
Romania’s Gross Domestic Product increased in 2021 by 17 billion euro, as compared to 2019 and reached almost 1,190 billion…
Petrobrazi Ploieşti Refinery, affected by a voltage variation
Several installations of the Petrobrazi Ploieşti refinery, owned by OMV Petrom, were stopped and restarted, due to a voltage variation…
Gov’t approved the GEO on quantitative compensation of prosumers
Romanian Government adopted an emergency ordinance on Thursday, December 30, at the initiative of the Ministry of Energy, which stipulates,…
Termoenergetica refuses to pay the increased gas bills, sues Tinmar
Bucharest Thermal Power Company Termoenergetica received on December 17 from its supplier, Tinmar Energy, a notice of disconnection of 48…
Republic of Moldova will buy Russian gas at a higher price
In January 2022, the Republic of Moldova could buy natural gas from Russia at an even higher price. The statement…
China fires up new coal power plant in spite of calls for cuts
China, under fire for approving new coal power stations as other countries try to curb greenhouse gases, has completed the…
Aleksandr Novak: Russia will resume gas transit through Ukraine in 2024
Russia could transport gas again through Ukraine after 2024 if favorable economic conditions exist and the Ukrainian network is in…
OPEC+ is not responding to US demands to increase oil production
The OPEC+ group (composed of the Organization of the Petroleum Exporting States and other major producers) has resisted calls from…
New targets for the energy efficiency of buildings
The European Commission has proposed several amendments to the Energy Performance of Buildings Directive, which will be discussed on December…
Proposals for the new Renewable Energy Directive
On 14 July 2021 the European Commission adopted the “Fit for 55” package, adapting existing climate and energy legislation to…
With ElectricUp 476 million lei enter the market
1737 companies were declared eligible for the ElectricUp government program, out of the 2,536 companies that registered by February 3, 2021.…
3.4 billion lei in AFM energy projects
The Environment Fund Administration (AFM) currently has 8 programs underway. Two of them are related to fleet renewal (Rabla Clasic…
BNR: 60 billion euros for the green transition
The green transition could mean, for Romania, the realization of projects of about 60 billion euros, in the long term.…
We could exceed the targets for 2030
Romania does not yet offer the most stimulating conditions for the development of renewable projects. However, thousands of MW have…
The new renewable wave is picking up steam
For almost two years, investors’ interest in renewables has grown stronger, so there’s already talk about the new investment wave…
Hydrogen – first elements of a strategy for Romania
There seems to be a level of confusion among domestic actors about the role that hydrogen is to play in…