Romania needs consistent investments in the energy sector in the coming ten years, as well as a transparent and stable strategy for being competitive on the regional market, as although the existing power production capacities are enough to secure the electricity demand, many of them are highly inefficient, according to the Romania Strategic Energy Market Outlook 2014 – 2025 report issued by AT Kearny for Fondul Proprietatea....more »

Romania’s main electricity producer and supplier plans to sell additional 33 small hydropower plants (SHPs) from its portfolio of 128 power stations through an auction which will be conducted in February 2015, said Remus Borza, representative of Euro Insol, the judicial administrator of Hidroelectrica (in insolvency since February 2014), according to Mediafax....more »

OMV Petrom and Hunt Oil have found a new oil and gas field in the south of the Buzau County, possibly the largest discovery in the last 30 years in the Muntenia region, following investments of 5 million euro in exploration operations in the area....more »

US-based company Quintana Minerals Corporation has submitted a request to the Department for Energy, asking for detailed information on the Hunedoara Energy Complex for analyzing a strategic investment  in the light of the expected privatization of the state-owned company, reads Mediafax....more »

The Minister Delegate for Energy, Razvan Nicolescu, has invited MVM, Hungary's largest energy group to join Romania in the hydropower project to be developed at Tarnita-Lapustesti, the Cluj County, reads Ziarul Financiar....more »

City Plaza Hotel, a five star facility located in Cluj-Napoca, became the first to use a cogeneration power plant in Romania’s hotel industry, following an investment of 200,000 euro expected to be recovered within a period of eight to nine years. The power station which supplies both electric and thermal power energy was inaugurated today, reads Mediafax....more »

The Department for Energy has presented the new National Energy Strategy (NES) which foresees investments worth approximately 100 billion euro sector for the next framework 2015-2030 when shall be carried out....more »

The European Commission has initiated an infringement procedure against Romania for failing to comply with the EU rules on security of gas supply. Up to now, Romania has not implemented a preventive action plan and an emergency plan as the existing rules require, nor has it informed the Commission on the decisions concerning bi-directional gas flows, states a press release....more »

Hidro Tarnita, the company which oversees the hidropower energy project, has announced that the deadline for submitting pre-qualification documents required at this stage of the investors selection procedure has been extended again, until next year, due to increasing interest shown by potential investors. ...more »

Power Clouds, a developer of renewable energy projects, seems to be an exception if considered the two solar parks commissioned this year and that are part of a large scale project through which the company aims to create a global network of PV parks...more »