Hidroelectrica launches tender for retrofitting of HPP Vidraru
Romania’s Hidroelectrica has launched the international public tender for the refurbishment of the hydro-power plant Vidraru. The estimated value of the project is EUR 78.98 million (without VAT), to which can be added maximum EUR 1.75 million of unanticipated expenses. The largest energy producer in Romania said it its statement, published by Romanian media, that the […]
Romania eyeing security payment for recyclable packaging materials
Romania could introduce a RON 2 (EUR 0.43) security payment for products packaged in recyclable materials if the project of the Ministry of Environment and Climate Change gets the green light. The goal of introducing security payments is to improve the waste management in the country. According to the Agerpres report, Romania’s environment minister Gratiela Gavrilescu […]
Electrica to invest EUR 190 million in energy efficiency and quality of services
Electrica Group, leader in electricity distribution and supply in Romania, has announced its plan to invest over EUR 190 million (RON 900 million) this year in rehabilitation and upgrade of the distribution networks. The goal of this year record investment is to increase the quality of service by 40 percent and energy efficiency and to reduce […]
Conference on financing energy efficiency on February 1, in Bucharest
Financing energy efficiency in Romania, Hungary and Bulgaria is the title of the conference to be held in Bucharest, Romania, on February 1, 2018, that will serve as a platform for presenting best practices and discussing options of financing energy efficiency investments. Romania, Hungary and Bulgaria will share their best practices but the conference will host […]
Romania’s electricity market is now fully liberalized
Since the beginning of this year, the electricity market in Romania is fully liberalized – there will be no longer regulated tariffs that household consumers paid until December 31, 2017. Consumers of electricity in Romania now can choose between competitive regime and universal service market, with the option to return to the universal service market […]
Transeastern Power Trust acquires a wind farm in Romania to power up bitcoin mining
Transeastern Power Trust, a Toronto-based investor, has completed the acquisition of a 45 MW wind farm located in the Romanian Dobrogea Region. The wind farm was operated by OMV Petrom Wind Power SRL. The Trust intends to establish a data center operation containing hardware to mine the digital currency Bitcoin predominantly using electricity produced from […]
New EUR 45 million loan for energy efficiency in Romania’s residential sector
Romanian households owners will be provided with additional EUR 45 million to invest in energy efficiency improvements, such as heating, water, and electricity, as well as additional building enclosures such as walls, windows and roofs, for their homes. Most of Romania’s residential buildings were constructed between 1960 and 1990 with low thermal insulation. “The European […]
Public-Private Partnership rules have changed in Romania
Through an emergency ordinance, approved by the government at the end of last week, Romania established the new regulation in public-private partnership (PPP). The new rules put a more emphasis on the concept Value for Money. The project of amending and completing Law on PPP was elaborated by the working group under the supervision of […]