The companies Hidroelectrica (from Romania) and SINTEF (from Norway) have started the implementation of the project "Networking, Exchange, Sharing and Transfer of Knowledge, Technology, Experience and Practices in the field of electricity production in hydropower plants," Hidroelectrica informs in a press release sent on Monday.In March 2024, the first information regarding the opening of the "Open Call for Bilateral Cooperation in the Green Transition" got published. The presentation workshop took place on April 23, 2024, with the allocated budget being of 1,250 million euros, granted through the EEA & Norway Grants 2014 - 2021 financing instrument.The EEA and Norwegian grants are funded by Iceland, Liechtenstein and Norway. The grants have two objectives - to contribute to an equal Europe, both socially and economically - and to strengthen the relations between Iceland, Liechtenstein and Norway and the 15 beneficiary states in Europe. The objective of the grants is to reduce social and economic disparities and to strengthen bilateral relations. This strengthens the internal market, leading to a more prosperous Europe."Considering that applying to this call is an opportunity to better contribute to the energy transition in Europe by strengthening the collaboration with one of the most important representatives of the Norwegian and global hydropower sector, by carrying out well-defined activities related to our common needs of improvement and development, benefiting from financing under the EEA & Norway Grants Programme, the team of specialists in accessing financing at Hidroelectrica developed and submitted the financing application within the requested deadline, on May 31, 2024," the press release reads.According to the conditions mentioned in the call documents, Hidroelectrica and SINTEF were considered eligible to access this financing instrument, which represents an opportunity for Hidroelectrica to obtain specialized support from a company with European experience, for the development of the knowledge and skills of its own specialists in the implementation at the company level of modern solutions to optimize the programming of the operation of hydroelectric power plants that will lead to the efficiency of production and subsequently of the trading of electricity produced from renewable sources in the capacities in the portfolio.Hidroelectrica, the most important Romanian electricity production company with a long history in the operation of hydropower plants, aiming at the further development of a sustainable energy system, will carry out this project together with the Norwegian company SINTEF, recognized as a world leader in solutions to optimize operation programming hydroelectric power plants.Hidroelectrica operates 187 hydropower plants with a total capacity of 6.3 GW and owns a wind farm with an installed power of 108 MW, covering 13.9% of the competitive electricity market in the country.
In a period marked by social and economic tensions, most employees in Romania want to grow more and faster both professionally and personally. Nearly 60% believe that employers could make greater efforts to support their development, according to a Genesis Property survey conducted in the first half of 2025 on a nationally representative sample of […]
Romanians remain worried about job security amid economic uncertainty, with many lacking financial safety nets and expressing doubts about their chances of quickly finding new employment, according to a new survey conducted by OLX Locuri de Muncă. Only one in three respondents said they consider their current job secure in the long term, while 29% […]
West Group announced that it finalized the full acquisition of the iResidence residential project in northern Bucharest, ensuring that development continues without disruption and with strengthened financial backing. The project comprises 520 apartments with underground parking and storage facilities. Following the takeover, construction remains on schedule, with the first phase of 260 apartments already structurally […]
Bucharest's interim mayor, Stelian Bujduveanu, announced on Tuesday, August 19, the launch of a large-scale urban regeneration project around Gara de Nord, the capital's busiest railway station. The plan, developed in partnership with the Ministry of Transport and the District 1 City Hall, aims to transform the degraded transport hub into a modern intermodal node,
Save Romania Union (USR) has discussed with prime minister Ilie Bolojan (Liberal Party, PNL) about the organization of local elections in Bucharest in November, given his position as head of government and also as PNL president, sources told
The Israeli company Econergy, one of the most important investors in renewables in Romania, announced that it has officially connected a new 87 MW photovoltaic park located in Oradea to the Romanian electricity grid and announced plans for a 68 MW storage facility at the project site, according to
