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Romania: Transelectrica plans to invest 5.3 billion lei by 2023

Romanian state-owned power grid operator Transelectrica intends to make an investment of 5.3 billion lei ($1.65 billion) to improve its power network by 2023, as stated by the company on Thursday.

read more... 04/07/2014


Romania: cogeneration tax to be cut by approximately half as of July

Romania's energy regulator ANRE will reduce the tax for cogeneration, or combined heat and power, by approximately half, attaining 0.00996 lei per kilowatt from July, according to a statement on Monday.

read more... 01/07/2014


Hungary’s MOL likely to purchase ENI’s Czech, Slovak, Romanian units

Hungarian oil and gas group MOL declared it had decided to purchase Eni's Czech, Slovak and Romanian units, counting as well 208 filling stations, with the aim to expand market share, mainly in the Czech retail market.

read more... 08/05/2014


Romanian PM: No shale gas production in the next 5 years

Despite the fact that Romanian shale gas sector is its early stages, with the American oil giant Chevron having started the exploration of shale gas, Romanian Prime Minster Victor Ponta declared on Thursday that Romania will not exploit shale gas at least in the next five years.

read more... 30/04/2014


Romania intends to exempt large industrials from renewable energy costs

Large industrial energy consumers in Romania might be exempted from paying about 85 percent of their green energy costs for 10 years, as stated on Thursday by the economy ministry, wishing to avoid the risk of job cuts in an election year.

read more... 18/04/2014