Romania

Romania: Electricity production drops despite increased consumption in early 2025 Read More »

Romania: Electricity production drops despite increased consumption in early 2025

Electricity consumption in Romania rose during the first two months of 2025, even as domestic production saw a significant decline, according to data published by the National Institute for Statistics (INS). Total electricity consumption reached 8.83 TWh, representing a 2.3% increase compared to the same period in 2024. Industrial usage accounted for the majority, with […]

Romania ends 2024 as net electricity importer amid weak hydropower and wind output Read More »

Romania ends 2024 as net electricity importer amid weak hydropower and wind output

In 2024, Romania became a net importer of electricity due to a poor performance from its hydropower plants and underwhelming wind energy generation. According to the National Institute of Statistics (INS), electricity exports totaled 10.8 TWh, while imports reached 13.8 TWh, resulting in a commercial deficit of 3 TWh. From a financial perspective, electricity exports

Romania: Hidroelectrica launches €20 million tender for Pascani hydropower project Read More »

Romania: Hidroelectrica launches €20 million tender for Pascani hydropower project

Romanian state-owned electricity producer Hidroelectrica has allocated approximately €20 million (excluding VAT) for advancing the Pascani hydropower plant (HPP) project on the Siret River. The investment focuses on acquiring and installing hydromechanical systems for four gates of the spillway dam. The contract encompasses a full turnkey solution, including design services, construction work, as well as

Romania advances small modular reactor project at Doicești amid growing energy demands Read More »

Romania advances small modular reactor project at Doicești amid growing energy demands

Romania’s small modular reactor (SMR) initiative at Doicești is making steady progress, according to Cosmin Ghita, CEO of state-owned electricity producer Nuclearelectrica. The project is currently in the second phase of Front-End Engineering and Design (FEED 2), where detailed site evaluations and design adaptations are being carried out to ensure seamless integration with the national

Romania proposes financial guarantee for electricity market contracts to enhance stability and accountability Read More »

Romania proposes financial guarantee for electricity market contracts to enhance stability and accountability

Romania’s National Energy Regulatory Authority (ANRE) has issued a draft order for public consultation that proposes the introduction of a financial guarantee for electricity market contracts. Set at 30% of the contract value, the guarantee is intended to bring more structure and stability to the electricity trading environment, according to ANRE President George Niculescu. Under

Romania: Petrol proposes increased dividend amid record profits in 2024 Read More »

Romania: Petrol proposes increased dividend amid record profits in 2024

Slovenian energy company Petrol has proposed a gross dividend of €2.10 per share for the 2024 financial year, marking an increase of €0.30 compared to last year. The proposal, approved by the company’s Supervisory Board, will be presented for shareholder approval at the upcoming general assembly scheduled for the end of May. The dividend increase

Romania: TenarisSilcotub completes $21.5 million solar power plant to boost sustainable steel production Read More »

Romania: TenarisSilcotub completes $21.5 million solar power plant to boost sustainable steel production

TenarisSilcotub, Romania’s top producer of small-diameter seamless pipes, has finalized the construction of a 20 MW solar power plant, marking a key milestone in its sustainability strategy. The $21.5 million project was funded through the company’s own resources and non-repayable European grants via the National Recovery and Resilience Plan. The electricity generated by the new

Romania: Verbund acquires 272 MW wind project from Monsson Read More »

Romania: Verbund acquires 272 MW wind project from Monsson

Verbund Wind Power Romania, the Romanian arm of Austria’s energy group Verbund, has acquired a fully developed wind project from renewables developer Monsson. The project, located in Caras-Severin county, has a planned capacity of 272 MW and is expected to generate approximately 569 GWh of electricity annually. The transaction involves a ready-to-build project, with all

Romanian consortium wins contract for 145 MW gas-fired cogeneration plant in Ramnicu Valcea Read More »

Romanian consortium wins contract for 145 MW gas-fired cogeneration plant in Ramnicu Valcea

A Romanian consortium comprising Elsaco and Energomontaj has been awarded the contract by the Municipality of Ramnicu Valcea to construct a 145 MW gas-fired cogeneration power plant at the CET Govora site. The project, valued at approximately 100 million euros, is funded by the European Union. The new facility will be integrated with the national

Romania: Electricity prices on OPCOM market experience significant changes in March 2025 Read More »

Romania: Electricity prices on OPCOM market experience significant changes in March 2025

In March 2025, the average electricity price on the day-ahead market of the Romanian energy exchange OPCOM reached 106.36 euros/MWh, marking a 67.66% increase compared to the same month in 2024, but a 32.33% decrease from the previous month’s average baseload price of 157.19 euros/MWh. The total traded volume on the day-ahead market in March

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