Hidroelectrica, represented by its judicial administrator Euro Insol, won the lawsuit against Elsid Titu, as the Bucharest Court rejected the appeal filed by the latter against the enforcement of a force majeure clause in relation to the electricity supply contract with Hidroelectrica....more »

Recolamp Association collected and recycled 476 tons of lighting equipment waste last year, level similar to 2013, meeting again the European target of 40 percent calculated based on the average volume put on the market over the past two years by...more »

A strategic component of the National Energy System (NES), the hydropower sector is strongly affected by the burdensome taxes, such as those on special constructions, water use or the lease price for low river beds, as well as by the problems caused by an unstable legislative framework or the trading of green certificates. ...more »

Hidro Tarnita, the company in charge with the development of the hydropower plant located in Tarnita-Lapustesti, the Cluj County, received five preliminary offers from investors interested to engage in the 1-billion euro project. The deadline for submitting pre-qualification documents required in this first phase of the selection process was January 30, 2015....more »

Slovakia's pipeline operator Eustream will sign a Memorandum of Understanding with its counterparts in Romania and Bulgaria on a gas pipeline project aimed at reducing Balkan reliance on Russia, according to Reuters....more »

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 »