Retele Electrice companies have initiated a public tender on the SEAP platform, with a maximum cumulative value of about 55 million lei (excluding VAT), for the purchase of transformers from medium voltage to low voltage, so that they can carry out modernization projects to increase the resilience and reliability of their distribution networks. "With this purchase, we want to ensure that our electricity grid will become more resilient in the long term. In addition to modernizing the network, these transformers will help increase the grid's ability to integrate renewable energy sources", stated Mihai Pe?te, Director General of Retele Electrice companies. These transformers will replace old equipment and will bring significant improvements both in terms of the quality of distributed energy, grid stability and in reducing own technological consumption. Once installed, they will allow more efficient distribution of electricity, thus contributing to lower operational costs, reducing the number of interruptions in the grid and improving the overall functioning of the system. One of the selection criteria in the specifications is the sustainability factor, underlining once again the company's commitment to protecting the environment. This means that bidders who can bring environmentally friendly packaged materials can receive extra points based on the evaluation grid. The contract will have a validity period of 2 years. Retele Electrice companies operate networks with a total length of aproximately 134,000 kilometers in three important areas of the country: South Muntenia (including Bucharest), Banat and Dobrogea, covering a third of the local distribution market, and are developing an investment program to improve quality services, safety and performance of networks and local implementation of environmental standards of the PPC group. The electrical networks operated by the three companies Retele Electrice count 289 transformer stations and over 25,000 transformer stations.
Cargus has announced an investment of over EUR 500,000 in a new logistics hub in Drobeta-Turnu Severin, marking a significant expansion of its operations in southwestern Romania. The courier company, one of the leading players in the local market, is relocating to a newly built facility that doubles the size of its previous hub in […]
Milk Teeth (Dinți de lapte), the second fiction feature written and directed by Romanian filmmaker Mihai Mincan, will have its world premiere in the competitive Orizzonti section of the 82nd Venice International Film Festival, taking place between August 27 and September 6. The official selection was announced Tuesday, July 22, during the festival’s press conference. […]
Real estate developer Forte Partners announced the start of construction on the office component of U Center 3, a EUR 100 million investment in Bucharest, following the issuance of the building permit at the end of June 2025. The residential part of the final phase of the U Center project will begin in 2026. Following […]
More than half of Romanians believe the communist regime was more of a good thing for Romania, with nearly 56% saying more positive than negative developments occurred under communism. The finding comes from a new INSCOP Research survey commissioned by the Institute for the Investigation of Communist Crimes and...
Energy group Hidroelectrica has signed the contract for its first floating photovoltaic project, Nufārul, marking a major step in Romania’s renewable energy development. The signing took place on Monday, July 21, and involves an investment of RON 39.25 million (around EUR 7.75 million, excluding VAT). Developed by Waldevar SRL, Marine Research, DHI-SW Project SRL, and […]
The National Anti-Corruption Directorate (DNA) conducted a series of raids on Tuesday, July 22, as part of a criminal investigation into alleged corruption involving Cristian Popescu Piedone, the head of the National Authority for Consumer Protection (ANPC). Prosecutors suspect Piedone of tipping off a business in advance of an inspection, according to Biziday.ro. The investigation...
