Electrica exiting two wind energy projects
Citing declining profitability of renewable energy, Romanian utility revealed a plan to terminate the development of two wind parks, which is reflected by financial statements by the management, Business-Review reported. Electrica SA was listed on markets in Bucharest and London in July last year, and made a decision at the time to postpone investment in […]
Less than 1% of wind turbines older than five years
On July 1, out of total national wind park capacity of 2.98 GW installed in the country, only 20 MW was from old turbines, according to the Romanian Wind Energy Association (RWEA) data. Average turbine capacity is 2.5 MW and it is estimated there are almost 1,200 nationwide, ACTMedia news agency reported. Market value of […]
Stubo–Rovni dam project study gets municipal support
The Town Assembly of Valjevo agreed to the plan for the continuation of works on Stubo–Rovni hydro system in Jablanica and Sušica river valleys. An accumulation test of two years was announced for the dam, which has been under construction for three decades. Its project includes a small hydropower plant. The document that was adopted […]
First solar-powered residential project launched
Construction works on the Cartierul Solar Residence, the first project in Romania designed to be powered by photovoltaic panels, have started in Bucharest and are projected to end in September 2017, according to an announcement by developer Ad Astra Partners, Business Review reported. The power produced by panels will lead to zero energy costs for […]
CGGC interested in investment projects in Republic of Srpska
Petar Djokic, Minister of Industry, Energy and Mining of Republic of Srpska met with Chen Xiangdong, General Manager of China Gezhouba Group Corporation (CGGC), leading Chinese company in energy and infrastructure facilities construction, reads the website of Republic of Srpska Government. The Minister presented the CGC’s delegation headed by Chen Xiangdong with the projects currently […]
Phoenix Solar gets contract for 6.9 MW solar array
German photovoltaic system integrator Phoenix Solar AG said it would build a solar array of 6.9 MW in central Anatolia, in partnership with local company Asunim Yenilenebilir Enerji Teknolojileri, SeeNews reported. The firms were awarded the order by a Turkish consortium. Its value was not disclosed. The contract calls for Phoenix Solar to undertake all […]
Customers’ debt to PPC exceeds EUR 2 billion
The amount owed to the Public Power Corporation by its customers topped EUR 2 billion at the end of July, the head of its Genop workers’ union Giorgos Adamidis told the Athens–Macedonian News Agency. He added more than EUR 1.5 billion were households’ liabilities. High voltage accounts for EUR 280 million, where EUR 250 million […]
Yadenitsa dam design update goes to tender
Bulgaria’s state-owned National Electricity Company (NEK) has launched a BGN 3.57 million (EUR 1.83 million) tender for the update of the project design of Yadenitsa dam, in the southwest of the country, SeeNews reported. The contract envisages the preparation of technical papers and supervision of the construction works, documents posted on NEK’s website earlier in the month […]