UPDATE: Romania’s CE Oltenia to close four units in coal power plants by 2025
In order to compensate for the capacities, the company plans to construct gas-fired and renewable energy units.
PM sees EU Green Deal taking out 40% of electricity capacity in Romania
Coal is doomed, the head of the government in Bucharest has told businesspeople and representatives of associations. Prime minister Ludovic Orban warned that decision makers have maybe ten years to find energy production solutions that reduce greenhouse gas emissions and hinted at the dependence on the fossil fuel for electricity in Romania. The European Union’s […]
Hidroelectrica initiates takeover of ČEZ, Enel’s facilities in Romania
The management of Speeh Hidroelectrica SA requested the goahead from shareholders to hire consultants and lawyers in the procedure it started with the aim to acquire assets from ČEZ Group and Enel SpA, counting on them divesting in Romania. The extraordinary meeting is scheduled for December 12. The hydropower plant operator also asked for a […]
Thermal power permits for 875 MW revoked by Romanian regulators
The Romanian Energy Regulatory Authority or ANRE decided to withdraw licences for three units controlled by Electrocentrale Bucureşti SA. Their total power capacity is 650 MW. The thermal facilities are equipped also for heating, as is one other system, located near the border with Serbia and Bulgaria, which also lost its permit. In a statement […]
CEZ receives over 30 letters of interest for Romanian assets
Czech energy group CEZ has received more than 30 expressions of interest for its Romanian assets, which include Europe’s largest on-shore wind farm, the 600 MW Fantanele-Cogealac, and plans to invite prospective buyers to submit non-binding bids in December. The filing of binding offers is planned for the second quarter of 2020, while the transaction […]
Romania’s Arsat Group to build electric scooter factory
Romanian industrial group Arsat plans to build an electric scooter factory, in a project funded under a series of financing agreements with state-owned lender Eximbank, local media have reported. The plant will be developed as part of Arsat’s cooperation with the US-based start-up Scooterson. Arsat, one of the largest manufacturers of aerospace components in Southeastern […]
Bucharest to introduce oxygen vignette, ban high-polluting cars from parts of city
Bucharest authorities are introducing a special tax called the Oxygen vignette for cars not meeting the Euro 5 standard, portal Romania-insider has reported. Depending on the Euro standard of the engine, some vehicles will be banned from entering parts of the city, while others will have to pay to enter. Bucharest is the sixth most […]
Court halts expansion of largest coal mine in Romania following Bankwatch appeal
A Bucharest court has blocked an expansion of Rosia, the largest coal mine in Romania located in Gorj county, following a legal challenge to the mine’s environmental permit lodged by Bankwatch Romania. Romania is among seven EU countries that have not declared when they will stop using coal. In 2016, Complexul Energetic Oltenia (CEO), the […]