Hidroelectrica buys EUR 1.7 million IT system
Hidroelectrica bought an IT system at a record price of EUR 1.7 million, value-added tax excluded. On March 31, the consortium consisting of Information Business Consulting, Electrica Soluziona, and Indra won the auction for an integrated enterprise resource-planning IT system with business-intelligence management analysis instruments, Business-review.eu portal reported. There will be implemented multiple forms of […]
E.ON completes EUR 8 million investment in energy supply security
Modernization and Scada system integration of E.ON Moldova Distribuţie S. A. substations’ project was completed by E.ON Distribuţie România, Germany’s biggest power supplier’s subsidiary based in Târgu-Mureș, Business-review.eu portal said. The project was co-financed by the European Regional Development Fund (FEDR), following a RON 35 million (EUR 8 million) investment. The project was implemented over […]
China’s interest in hydro comes from global strategy
Five Chinese consortia were preparing to win a USD 1.1 billion pumped hydro storage facility, obsolete for 30 years, Greentech Media reported. The selected contractor should launch works on the 1 GW Tarniţa – Lăpuștești hydroelectric power station in Cluj county before the end of the year. Hidro Tarniţa SA, the project developer, claims the five- to seven-year construction […]
15 Romanian companies awarded for promoting sustainable energy
European Bank for Reconstruction and Development (EBRD) and the European Union honored 15 Romanian companies for promoting energy efficiency, reads EBRD’s press release. The EU-EBRD Sustainable Energy Excellence Awards, held in Bucharest on March 19, recognized Romania’s most successful sustainable energy projects financed by the EBRD and the EU. “We are celebrating Romanian companies which […]
MVM purchases hydroelectric power plant
State-owned MVM Hungarian Electricity Ltd. has purchased a 7.48 MW hydroelectric power plant (HPP) in Romania, more precisely a 90 percent stake, in order to “further strengthen its renewables portfolio”, Budapest Business Journal reported, citing an article in Hungarian language Romanian daily ’Kronika’. According to the paper, the value of the transaction is approximately EUR […]
Hidroelectrica prepares for hydropower upgrade, acquisitions
Hidroelectrica plans to invest EUR 300 million this year in upgrading three hydropower plants and considers buying small hydro plants in the neighbouring countries as well as several hundred megawatts in wind farms developed on the local market, Mediafax reports. According to the attorney Remus Borza, the representative of Euro Insol, Hidroelectrica’s judicial administrator, Hidroelectrica […]
Installed wind capacity in Romania rose by more than a third in 2013
TPA Horwath Romania and Schönherr have, for the fourth consecutive time, published a study on ’Wind power and other renewable energy sources in Romania’, Austrian Energy Agency’s EnerCEE portal said. The report highlights that the total installed wind power capacity in Romania increased by 36.5 percent in 2013. Romania currently ranks 5th in Europe regarding […]