Govnet

Ingka group IKEA's strategic partner, buys from Vestas the majority stake in seven wind farms in Romania

Ingka Group, part of IKEA group declared the intention to buy an 80% stake in seven Romanian wind farms from Vestas for an estimated 136 million euros. Ingka Group said the acquisition, made through its investment arm, consists of 64 turbines with a total production capacity of 171 megawatts, and followed the purchase of a stake in Germany’s second-biggest offshore wind farm earlier this year.

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Energy

Diary producer Olympus has invested 4 million euros in a biogas plant

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Energy

E.ON together with MOL Romania launches "Iasi-Tirgu Mures Electric Highway", within the NEXT-E project

E.ON Energie Romania put into operation in Iaşi the fifth fast-charge station for electric cars from the 19 units it proposed to install Romania under the NEXT-E project, financed by European funds through the Connecting Europe Facility (CEF).

Energy

Black Sea Oil & Gas proceeds with the $400 million Midia Gas Development Project

Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International B.V. announced that they have approved the Final Investment Decision to proceed with the $400 million Midia Gas Development Project offshore Black Sea.

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Energy

Fondul Proprietatea says energy-regulated prices will reduce state revenues and investments distorting the market

Fondul Proprietatea expressed its deep concern about the damaging impact on companies and investments in the energy sector, on the energy security of Romania and, ultimately on consumers, if the Order published by the National Authority for Energy Regulation (ANRE) for the approval of the Pricing methodology for electricity sold by producers based on regulated contracts will be passed.

Energy

ANRE approved a three-year blockade of the energy price to households

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Energy

Distribution Oltenia launches the first greenfield transformer station in its distribution area

Oltenia Energy Distribution inaugurates the 110/20 kV transformer power station for the Eastern Industrial Zone of Craiova (ZIEC), the first greenfield project in Oltenia to improve the quality of energy distribution for both domestic and industrial consumers .

The project was completed within 17 months and had a total value of 5.52 million euros (CAPEX), from its own sources. ZIEC is the second largest investment in the history of Distributie Oltenia, after the modernization of Craiova Centru station and illustrates the company's mission to become a strong local partner, supporting the development plans of the region. The station was built with the support of the local public authorities: Dolj County Council, Dolj County Prefect Institution, Craiova City Hall and Gherceşti Town Hall.

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Energy

Black Sea Oil & Gas and Transgaz signed a contract for the transportation of natural gas from the Black Sea

Black Sea Oil & Gas signed a contract with SNTGN Transgaz for the gas transport for the Midia Gas Development Project (“MGD Project”), a project aimed at putting into production the natural gas of XV Midia Block, offshore Black Sea, Romania.