The Greek group PPC, which bought Enel Romania last year, completed the acquisition of the 84 MW wind farm owned by Lukoil in our country. PPC plans to commission 1,300 MW of renewable capacity in Romania in just three years. PPC announces that it has completed, through its subsidiary PPC PPC Renewables, and after fulfilling the usual preconditions for such transactions set out in the previously signed agreement, the acquisition from the European subsidiaries of the Lukoil Group, of a 100% stake in Land Power S.R.L. , which operates a wind farm in Romania with a total installed capacity of 84 MW, according to a company press release. The wind farm is located in the towns of Dorobantu and Topolog, Tulcea, in a region in Romania with the best wind conditions and generates more than 200 GWh of electricity per year. The transaction was carried out through a competitive process, with the participation of international companies, during which PPC Renewables was selected as the preferred bidder. Kommunalkredit Austria AG acted as exclusive financial advisor to the buyer and CMS Cameron McKenna Nabarro Olswang LLP SCP and Milbank LLP acted as counsel to PPC Renewables. The renewable energy production capacities of the PPC group, which took over Enel’s business in Romania last year, will reach a level of almost 2 GW in Romania, as a result of the increase in investments to unprecedented levels, according to the plan announced by PPC in month January.
Victor Ponta, who served as Romania’s prime minister between 2012 and 2015, announced on Wednesday, May 7, that he is founding a party under the name "Romania First.” The platform will bring together PRO Romania, the party he founded after leaving the center-left Social Democratic Party, with the Romanian Ecologist Party, and other specialists and […]
Romania will receive CHF 10 million in funding for the development of dual education, as part of a second Swiss contribution, the Switzerland - Romania Chamber of Commerce (CCE-R) announced. The funding is part of a program for the development of dual education that aims to support the integration of young people into the labor […]
The Romanian Parliament approved a draft law that increases the amount of punishment for unauthorized operations with pyrotechnic articles on Wednesday, May 7. Initiators of the bill say that every winter hundreds are injured due to firecrackers, most of them children. Mihai Weber, the Social-Democratic Party ()PSD) member of Parliament who initiated the bill, says […]
The second edition of the Learning Tapestry Conference takes place in Bucharest, at the Radisson Blu Hotel, on May 14th, and will bring together global experts in psychology, business strategy, education, and leadership. They will debate how we can build an education system capable of preparing young people to adapt, reinvent, and thrive in a […]
OMV Petrom, a major energy provider in Romania, announced the opening of the largest electric vehicle charging hub in Romania on the A1 motorway, at Miercurea Sibiului. It features a total of 34 fast-charging points: 17 in each direction, 16 for electric cars and 18 for electric trucks. The charging stations are high-capacity: each charger […]
The Romanian airline Dan Air recently announced that it will begin operating regular flights to Damascus from cities such as Bucharest, Frankfurt, Berlin, and Stockholm. The company is the only one from the European Union currently operating commercial flights to Syria. The flights will begin on June 15, and tickets are already available. The routes […]
