The contract for upgrading Vidraru Hydropower Plant, a 200 million euro investment, was signed on Tuesday in Arges county, in the presence of premier Marcel Ciolacu and energy minister Sebastian Burduja. The contract signing ceremony was attended by Marija Kapitanovic, the Croatian ambassador to Bucharest, since a Croatian company will be involved in the upgrading process. “It is an important event for the Romanian energy sector and for bilateral relations between Romania and Croatia. Koncar, the company involved in the project, represents excellency in the energy sector,”said the ambassador. The association between Electromontaj (association leader), Koncar engineering Co.Ltd for Production and Services and Butan Group won the contract for the upgrading of Vidraru Hydropower Plant, worth 188.382 million euros, Hidroelectrica informed on July 1st. According to the source, AHE Vidraru is one of the most representative hydropower objectives in Romania and the power plant, with an installed power of 220 MW,is playing an important role for the National Power Grid. Vidraru Hydropower Plant, commissioned in 1966, uses the waters of Arges river potential on a sector 28 km long, between Cumpana and Oiesti, turning to account a water fall of 324 m. The lake has a volume of 465 million cu.m., of which 320 million cu.m represent useful volume. Vidraru Dam was, when inaugurated, the fifth in Europe and 9th in the world among similar buildings. It ensures an annual electric energy output of 400 Gwh. Hidroelectrica is the largest green energy producer in Romania amd supplies technologicalservices for the National Power Grid. The company operates 187 power plants with a capacity of 6.3 GW. Moreover, it has a wind park at Crucea, with an installed power of 108 MW and a share of 13.09% in the supply market.
President-elect Nicușor Dan officially resigned on Friday, May 23, from his role as general mayor of Bucharest. Also, in the extraordinary session of the Bucharest General Council (CGMB), council members appointed deputy mayor Stelian Bujduveanu (Liberal, PNL) as interim mayor. Bujduveanu received 38 votes in favor, 8 against, and 6 annulled ballots, according to
Vastint Romania has officially launched the second phase of its flagship urban regeneration project, Timpuri Noi Square, in Bucharest. The new development will add over 60,000 square meters of gross leasable area (GLA), doubling the office and commercial capacity of the complex to a total of 112,000 sqm. The expansion includes two new Class A […]
Roberta Metsola, the president of the European Parliament, received the Timișoara Award for European Values on Thursday, May 22. The prize honors figures who support European values. A jury of five gave Metsola the award. Iulia Motoc - a judge at the International Criminal Court, Cristian Măcelaru - music director of the National Orchestra of […]
Romania has received two additional F-16 Fighting Falcon aircraft from Norway, marking the latest delivery in the country’s ongoing effort to modernize its air force. The jets landed on Thursday, May 22, at the 71st Air Base “General Emanoil Ionescu” in Câmpia Turzii, the Ministry of Defense announced. The delivery is part of a broader […]
During the past years and increasingly in the last months, Romania was subject to a sustained campaign of manipulation and informational interference of foreign origin aimed at influencing the country's public opinion and, more recently, its elections, according to a Romanian Foreign Ministry note. This campaign is still ongoing and has all the hallmarks of […]
There was no retail project completion in Q1 in Romania, but the delivery pace significantly picked up in April and May, when roughly 150,000 sqm of new schemes opened (including one super-regional shopping center – Mall Moldova – in Iasi). This area represents 80% of the entire 2024 new supply, according to data from real […]
