Hidroelectrica, Verbund sign memorandum of cooperation
The largest electricity producers in Romania and Austria, Hidroelectrica and Verbund, have signed a memorandum of cooperation, Hidroelectrica said on its website. In the memorandum, the parties express their intention to jointly develop projects and implement design, construction, and equipment solutions based on the most modern technologies in the energy sector, according to the press release. […]
EU funds minister inks EUR 593.2 million financing contract for regional water, wastewater project
Romania’s Minister of European Funds Rovana Plumb has recently signed a financing contract worth around EUR 593.2 million for a regional project to develop drinking water, sewerage, and wastewater infrastructure in six counties in the country. The contract will finance works for the rehabilitation and extension of water supply networks in Constanta, Ialomita, Calarasi, Dambovita, […]
EDP Renewables opens energy storage for Cobadin wind farm
Renewable energy company EDP Renewables (EDPR) has opened a pioneering facility for the battery-based storage of wind energy produced at its Cobadin wind farm in Romania, EDPR said on its website. The Stocare Project, as this EDPR venture has been named, represents the first energy storage undertaking in Romania, according to the company’s website. When there […]
Hidroelectrica to have EUR 800 million budget for HPP upgrades by 2020
State-owned power utility Hidroelectrica will have EUR 800 million at its disposal by 2020 to modernize the hydropower plants (HPPs) it currently operates, according to Romania’s draft Energy Sector Strategy for the period 2018-2030 with projections until 2050, local media reported. The strategic document also envisages EUR 2.5 billion in investments for completing new hydropower […]
Hidroelectrica to forge cooperation with Verbund
State-owned Hidroelectrica plans to sign a cooperation agreement with Austria’s electricity producer Verbund, Romanian media reported. The approval of the cooperation agreement between the biggest power producer in Romania and the largest provider of electricity in Austria is on the agenda of the next General Shareholders Meeting planned to take place in October, Romania’s portal […]
European Commission to co-fund EUR 1.39 billion project to build Bucharest metro’s 6th line
The European Commission has announced to Romania’s Ministry of Transport that it will co-fund the Bucharest metro’s sixth line, a project worth EUR 1.39 billion, according to a press release on the ministry’s website. Negotiations are ongoing on the maximum amount of non-reimbursable funds to be allocated for the Bucharest metro’s sixth line under the […]
Hidroelectrica posts record six-month profit of EUR 207 million in H1
Romania’s state-owned power utility Hidroelectrica has reported a record six-month gross profit of RON 962 million (around EUR 207 million) in the first half of 2018, Business Review reported. The result, which was up 34% compared to H1 2017, was mainly attributable to cost control. In H1 2018, Hidroelectrica had turnover of RON 1.99 billion (EUR […]
Bucharest applies for EUR 283 million in EU funds to buy electric buses, other vehicles
The Bucharest City Hall announced that it submitted financing requests for EUR 283 million worth of EU funds to procure electric buses and other vehicles for public transport. The city is seeking to buy 100 trams and 100 electric buses, among other vehicles, Romania Insider reported. The biggest project targets the acquisition of 100 trams, […]