The state-owned company is again insolvent following the decision of the Bucharest Court of Appeal which admitted the appeals of the energy traders Hidroelectrica cooperated with, Remus Vulpescu, its former insolvency special administrator, announced yesterday....more »

In a sector with a potential too little exploited, whose development is braked by a very intricate legislation and which is burdened by taxes such as the one on the water used or the lease price for low river beds, the Romanian HydroPower Energy Summit brought to the fore all these issues the professionals in this sector face and rang the alarm bells within regulatory authorities, though little represented at governmental level....more »

Energiaprima announces its intention to establish further solar facilities in Romania with an installed capacity of about 200 MW, thus continuing investments in our country, after completing a 105 million euro PV park in the Northern-Western area, in Satu-Mare County....more »

Harnessing hydropower energy is the best alternative for the development of Romania’s energy sector. An alternative which has been neglected, since no new major projects have been carried out over the past years, as investments have been restricted to the completion of some old projects, such as Racovita Hydroelectric Power Plant whose construction works started 24 years ago. ...more »

The deregulation process of the gas market for industrial consumers will be carried out by July, 2014, earlier than initially established, according to Andrea Schaechter, Head of the IMF Mission in Bucharest, Agerpress informs....more »

Chevron got a new permit to start shale gas exploration in its fourth perimeter in Vaslui, at Puiesti, the local Envrironmental Protection Agency issuing the document since there was no contestation against the project received, Mediafax informs....more »

Nuclearelectrica fights back by suing the National Energy Regulatory Authority (ANRE) after the latter established a fixed-price for delivering electricity, compelling the energy producer to sell electricity at a lower price than the regular one on the market. According to a press release submitted to the Bucharest Stock Exchange, Nuclearelectrica filed last Thursday, January 23, a complaint with the Bucharest Court of Appeal, in that respect....more »

Oltenia Energy Complex (CEO), the state-owned energy producer, plans to sell 60 million euro worth electricity on the Centralized Market of Bilateral Contracts managed by OPCOM through 11 auctions scheduled today. There will be a total of 1.48 TW available for purchase, with a price ranging from about 40.55 euro to nearly 41 euro per MW, depending on the energy package size put on sale....more »

The Austrian group EGGER has finalized the largest biomass power plant in Romania at its plant in Radauti, Suceava County. The facility has an installed capacity of 83 MW and was supported by an investment worth 35 million euro from the group’s own funds. By developing this project, EGGER aims at transforming the Radauti facility into an integrated production site, at the same time reducing the consumption of fossil fuel and securing its competitiveness and long-term viability....more »

Chinese-based company Unisun Energy completed three solar power units in Brasov and Cluj counties, in Transilvania region. The plants which have a total installed capacity of 19.59 MW are estimated to generate yearly up to 8 million euro profit resulting from green certificates trading and energy sales, according to the company. Unisun also announced that all three PV plants have already been connected to the power grid. ...more »