Only 16 percent of the energy consumed in Romania in one year is sold on the Centralized Market for Bilateral Contracts (PCCB), the platform administered by OPCOM. Mihai David, the General Manager of Romania’s largest electricity producer, Hidroelectrica, forecasts that the company will put a terawatt onto the energy market unless the Romanian Energy Regulatory ...
The extraction industry, pharmaceuticals, energy, and financial sectors registered salary increases above the inflation level, while in fields such as public administration, defense, construction, research, and transports, wages declined in September 2009 compared to the corresponding month in 2008. “Financial brokerage was the only sector in the financial industry where salaries increased, due to the ...
“Electricity consumption picked up slightly since the end of September, and is still rising in Q4, due to the bad and cold weather,” officials said. The company’s net profit amounted to RON 11.458 million (€2.71 mln) in the first nine months of this year, 11.6 times lower than the RON 132.915 mln (€36.52 mln) registered ...
“So far, no project accessed the available funds, in any of the forms included in the law, due to a lack of secondary legislation, guides and necessary methodological regulations, although renewable energy is currently the star field of investors,” Suciu added. A General Manager at the Ministry of Economy, Alexandru Sandulescu, responsible for the energy ...
“Mr. Popescu’s company, Energie Investments Group (EIG), has acquired 500 hectares from the villagers and leased a further 65 from the Local Council, for a period of 49 years. He intends to build an Aeolian park with 48 turbines of 5 MW each,” according to a confirmation for Business Standard by Sterian Gherghisan, Mayor of ...
While one week ago, Minister of Economy Adriean Videanu, was talking about private management for the two state-owned energy giants, and said he would recommend this to the government, yesterday, the State Secretary within the Ministry of Economy, Tudor Serban, responsible for the energy sector, stated something entirely different. “When we said we wanted private ...
“We are in the midst of the process of choosing the designer of the Covaci solar park, which will cover 45 hectares, will develop some 20-25 MW, and will cost about €150 million,” said Balasa. The ADETIM official added that bids can be made until the end of October for the design. “We will choose ...
For some time now, President Traian Băsescu said that he was only interested in energy consumption, which is meant to indicate when this industry will rebound. This is just one of the indexes that can reveal what is happening in the Romanian economy. Cement consumption shows what we can expect in the construction sector. Beer ...
“Some producers benefitted from the crisis, while others lost out. Naturally those who produce inexpensive energy should theoretically produce more in this period, but not all had a market, so if there are fewer clients or these reduce their consumption, it is likewise normal that one readjusts supply,” said energy market specialists. These added that ...