Romania's Delgaz Grid to invest 250 mln lei (53 mln euro) in smart grids

25/04/2019 09:38 Energy


Romanian electricity and gas distribution company Delgaz Grid said on Tuesday it plans to invest over 250 million lei ($59 million/53 million euro) in smart grids in northeastern Romania in the coming years.

The company intends to install over 397,000 smart meters during 2019-2028, investing 135 million lei, it said in a press release.


The company will also invest 39 million lei in the automation of the distribution system in urban areas during between 2019-2021.


Currently, Delgaz is developing an EU-funded project worth 45 million lei for the installation of 10,000 electric meters and the upgrade of the distribution network in Iasi county.


Last year, Delgaz invested 487 million lei in the modernization of the electricity and gas networks.


20 Fossil Fuel Companies Generate One Third Of All Global Emissions

10/10/2019 16:26:00

New data compiled by the United States-based Climate Accountability Institute and revealed by the Guardian confirms what many already know: at the core of the climate crisis is the fossil fuel industry. The crucial finding from the analysis is that 20 oil, gas and coal companies can be directly linked to over one third of all energy industry greenhouse gases in modern history. Despite knowing the destruction and dangers their activities pose to our planet and people, fossil fuel companies have been driving climate change and hold the key to avoiding impending disaster. What this points to is the urgent need for divestment, in spite of skepticism amongst some leaders.


BP, Shell among bidders in $800 million Brazilian oil auction

10/10/2019 16:18:00

BP Plc, Chevron Corp and Royal Dutch Shell Plc are among the companies that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming weeks.


Poland plans to triple solar energy capacity this year

10/10/2019 13:03:00

Poland, which generates most of its electricity from coal, is planning to triple its solar energy capacity this year, Prime Minister Mateusz Morawiecki told Polish radio on Wednesday.