Energy & Environment
OMV Petrom Group posts net profit increase of 4pct up to 4.2 B RON in 2024
Thursday, February 6, 2025

OMV Petrom Group posted a net profit increase of 4% last year, up to 4.2 billion RON, but with an operating result from CCA exploitation, except for special elements, having decreased by 52%, to 5.7 billion RON, amid lower commodity prices and a negative impact of the regulatory environment on the gas and power activity."Our operational performance was very good in 2024: hydrocarbon production was above plan, with the smallest decline in the last 7 years, and the refinery ...
Second Romania-Serbia power line operational, cross-border capacity jumps 80%
Thursday, February 6, 2025
With the commissioning of a second system within the new interconnection between Romania and Serbia, the cross-border electricity transmission capacity surged 80% – from 500 MW to 900 MW in each direction, https://balkangreenenergynews.com/ ...
Romania has reduced greenhouse gas emissions the most since 1990, by 77 pct
Thursday, February 6, 2025
Romania is the European Union member state that has reduced its greenhouse gas (GHG) emissions the most compared to 1990 levels, by 77%, compared to 31% EU average, according to Energy Minister Sebastian Burduja."Smart Deal or Green Deal? It's my duty to present the figures and call things like they are, even if this bothers some. Energy transition is not about unconditional sacrifice, but about building for a better future. And we cannot build a clean, truly ...
Premier Energy separates its natural gas supply and distribution activities in Romania
Thursday, February 6, 2025
Premier Energy has separated its natural gas supply and distribution activities in Romania, in accordance with European requirements, the company announced on Monday, in a statement.Thus, since February, the supply of natural gas is operated by the new entity Premier Energy, while NeoGas Grid becomes the company responsible for the distribution of natural gas within the group."The steps to separate the two types of services began in the second half of last year ...
Metlen Energy & Metals SA Approved to Enter Romania’s Power Market
Thursday, February 6, 2025
The National Energy Regulatory Authority (ANRE) approved on Tuesday the right to participate in the Romanian electricity markets for Metlen Energy & Metals SA, a company from Greece. It is one of the largest companies in Greece and covers two sectors of activity, energy and metallurgy. It has a turnover of over 5 billion euros and over 6,583 employees in Greece and abroad. The group was founded in 1990, after the transformation of a ...
Orange Romania secures wind power under ten-year vPPA with Engie
Thursday, February 6, 2025
Telecommunications company Orange Romania has signed a ten-year virtual power purchase agreement (vPPA) with Engie Romania to procure aroud 40 GWh of wind energy per annually, a joint press release said on Monday, https://renewablesnow.com/ informs. The contracted power will ...
Green Energy Corridor joint venture incorporated with Romania's Trade Register
Thursday, February 6, 2025
National Power Transmission Company Transelectrica announced on Friday having entered in the Trade Register the limited liability joint venture GECO Power Company - Green Energy Corridor Power Company based in Romania, which will implement the Green Corridor project.According to a release published on the website of the Bucharest Stock Exchange, the founding partners of the project company are Transelectrica, JSC Georgian State Electrosystem, AzerEnerji and MVM ...
Legal entities with activities in oil & gas sector to pay additional turnover tax
Thursday, February 6, 2025
The government adopted at its meeting on last Friday a regulatory act providing for the obligation of all legal entities with activities in the oil and gas sector to pay the additional turnover tax."According to the new regulations, all legal entities that operate in the oil and gas sectors are required to pay the additional turnover tax. The ordinance indicates the NACE codes associated to main or secondary activities in the oil and natural gas ...
Way forward to meeting corporate governance milestones at Hidroelectrica, Nuclearelectrica and Romgaz, to be finalised with EC
Thursday, February 6, 2025
The way forward regarding the National Recovery and Resilience Plan milestone on the corporate governance of energy sector companies will be finalised with the European Commission, during a visit that its representatives will carry out on February 10-14, said European Investment and Projects Minister Marcel Bolos in an interview with Agerpres."We have had and still have 300 million EUR suspended for what corporate governance in the energy sector means. Here ...
Transelectrica makes 95M Ron worth investment in Stalpu substation
Thursday, February 6, 2025

Transelectrica kicks off the works to re-engineer its Stalpu substation, in Buzau County, and the construction of the new 400 kV substation, an investment of approximately 95 million RIN, with a completion date in January 2027."The National Electricity Transmission Company Transelectrica SA kicks off the execution works for the investment regarding the construction of the 400 kV Stalpu electrical substation and for the investment regarding the modernisation of 110 kV and ...
EnergyMin Burduja: Green shock therapy must stop
Thursday, January 30, 2025

Europe's "greening" policies were not well-thought-out public policies, but an ideology followed blindly, on the model of shock therapy, and this must stop and the economy must be rebuilt on solid, competitive and innovative foundations, argues Energy Minister Sebastian Burduja."In recent days, something that I have suspected for a long time has been confirmed: Europe's 'greening' policies were not well-thought-out public policies, but an ideology followed ...
Transelectrica: Romania has 11 400 kV electrical interconnection lines with neighboring countries
Thursday, January 30, 2025
Romania has, since Wednesday, 11 400 kV electrical interconnection lines with neighboring countries and an interconnection capacity of up to 1000 MW with Serbia, after both circuits of the 400 kV Resita-Pancevo Overhead Power Line entered commercial operation, Transelectrica announced."Today [Wednesday], the second circuit of the 400 kV Resita - Pancevo double-circuit overhead power line, respectively circuit 1, entered commercial operation, marking an ...
Five dams to be rehabilitated and modernised
Thursday, January 30, 2025
Five dams in the counties of Bacau, Vrancea, Salaj, Gorj and Bihor will be rehabilitated and modernised urgently, through a funding of over 184.1 million lei,Minister of Environment, Waters and Forests Mircea Fechet announced in a post published on his Facebook page on Wednesday."I have signed the financing contract for a project dedicated to adapting hydrotechnical accumulations to climate change, which we are implementing within the Water ...
Delgaz Grid completes new 23 mln. lei investment in Onesti
Thursday, January 30, 2025

The distribution company Delgaz Grid has completed the construction and put into operation, at the end of December 2024, a new transformer station, Onesti Centru, through an investment of over 22.7 million lei, which will benefit over 31,000 customers in Onesti municipality and 39 other localities in the surrounding area. Consumers will benefit from better services by ...
Electromontaj signs 10-year strategic partnership with Dutch TSO cu Tennet
Thursday, January 30, 2025
Electromontaj announces the signing of a 10-year partnership with Tennet BV, the electricity transmission operator in the Netherlands. The collaboration, which also involves three other international companies, will focus on the construction of 400 km of high-voltage lines and the modernization of 600 km of existing lines. The total value of this project amounts to 1.75 billion euros. This strategic agreement is part ...
PPC Renewables Romania inaugurates a new control room, with management capacity adapted to the growing renewable portfolio
Thursday, January 30, 2025

PPC Renewables Romania, part of the PPC Group, has inaugurated a new control room, capable of optimizing the production of the company's increased portfolio of wind and photovoltaic parks, as well as carrying out in real time the dispatcher orders received from the electricity system operator. "The installed capacity of PPC Renewables Romania's photovoltaic and wind farms is increasing, so we have ...
New solar plant connected to the grid in Romania
Thursday, January 30, 2025
Mare, Romania, has been connected to the grid. Commercial electricity sales are expected to begin in the coming weeks, https://ceenergynews.com/ informs. The Scurtu Mare project is Econergy Group’s third connected facility in Romania, with an installed capacity of approximately ...
Specialist: Every community in Romania is affected by energy poverty
Thursday, January 23, 2025
Every community in Romania is affected in one way or another by energy poverty or by some component thereof, George Jiglau, university lecturer at Babes-Bolyai University, said on Wednesday at a specialist conference on the involvement of communities in the green transition.A researcher at the think-tank Centre for the Study of Democracy and one of the coordinators of the Romanian Energy Poverty Observatory (ORSE), Jiglau said that the standard approach of ...
Coal production goes down 15.8%, imports drop 6.3%, in first 11 months of 2024
Thursday, January 23, 2025
Romania's coal production exceeded 1.758 million tonnes of oil equivalent (toe) in the first 11 months of last year, a decrease of 15.8% (minus 329,700 toe) compared to the same period in 2023, according to data centralised by the National Institute of Statistics (INS).Coal imports during the mentioned period amounted to 174,800 toe, down by 11,700 toe (minus 6.3%) compared to January-November 2023.The dynamics of coal production and ...
Crude oil production down 4.2pct in Romania January through November 2024; imports up 10.8pct
Thursday, January 23, 2025
Romania produced a quantity of crude oil of almost 2.456 million tonnes of oil equivalent (toe) January through November, 2024, by 106,500 toe less (-4.2%) against the same period of the previous year, according to data centralized by the National Institute of Statistics (INS).Crude oil imports totaled 7.418 million toe, in the reference period, by 721,600 toe more against the level recorded in January-November 2023 (+10.8%).According to the ...