Latest news
Romania attracts wind investors.
Bucharest made its renewable energy a priority hoping to meet EU carbon emission targets, by having 20 percent of its power coming from renewable energy.
read more... 08/10/2010
Hungary joins AGRI LNG Interconnector gas supply project
Hungary has signed an agreement with Azerbaijan, Romania and Georgia to join the Azerbaijan-Georgia-Romania Interconnector (AGRI) project, which would help diversify energy supply as the Hungarian government said on Tuesday.
read more... 15/09/2010
Hidroelectrica will invest 3 billion Euros over the next 7 years
Romanian hydropower company Hidroelectrica will invest 3 billion Euros over the next seven years in building 50 new units and upgrading several current ones.
read more... 10/09/2010
Exploration assets sold by Petrom in Russia
The major oil and gas group in Romania, Petrom, owned mostly by Austrian OMV, sold 75% of exploration assets in Ring Oil to its minority partner Mineral and Bio Oil Fuels Limited in Russia, since it focuses mainly on the Romanian and Kazakh activities. The total value of the transaction was not disclosed.
read more... 07/09/2010
Alerion to build new wind farm in Romania
Alerion, an Italian renewable energy company, based in Milan, obtained its first full authorization for the construction of a wind farm in Romania. Authorization was received through its Romanian subsidiary Compania Eoliana SA.
read more... 07/09/2010