The mayor of Oradea, Florin Birta, announced on Wednesday the start of works on a major investment in the city's heating system, by replacing the existing energy group 1 with a modern one, a project worth about 48 million euros, financed from the state budget (85%) and from the local budget (15%)."Until the end of next year, all the thermal energy produced in Oradea will come from new, efficient installations, which reduce losses and pollution and ensure a much better quality of the heating agent for the population. It is an essential investment for the health and comfort of our community", mayor Florin Birta told a press conference at the Electric Heating Plant (CET).The investment includes a production unit with four modern natural gas thermal engines, with an electrical capacity of 30.16 MWe and a thermal capacity of 25.98 MWt, as well as two hot water boilers (CAFs) of 25 MWt each each, a pumping station and a modernized electrical station, the decommissioning of the old cooling towers and the modernization of the infrastructure, including the adaptation of the gas and heating networks.The four high-efficiency thermal engines for cogeneration will produce electricity and heating and will be connected to the national grid through an electrical discharge station.The builders - the association between the companies Loial Impex from Suceava (leader), Engul SRO from Slovakia and Moldproiect ASD from Suceava - have a completion date of October 2025.The implementation of the project will bring direct benefits for the inhabitants of Oradea by reducing CO2 emissions by approximately 18,815.6 tons annually and an energy saving of over 8,012 toe."This heating system modernization project represents a firm commitment of the Oradea administration to transform Oradea into a sustainable and efficient city, offering citizens public services at the highest European standards", the press release states.
Romania's interior minister, Cătălin Predoiu, expressed cautious optimism about the country's prospects for full Schengen accession following a meeting scheduled for November 22 with Austrian interior minister Gerhard Karner. Speaking on local news channel Antena 3, Predoiu stated that "the pieces are quite well placed" for progress on accession with land borders,
Romgaz (BVB: SNG), the largest producer and main supplier of natural gas in Romania, will list its first bond issue, worth EUR 500 million and aimed to finance the Neptun Deep offshore gas project, on the Bucharest Stock Exchange on November 19. In October, Romgaz issued the first EUR 500 million tranche of a EUR […]
Left without heating after a coal-fired unit at Electrocentrale Craiova broke down, Ford Otosan’s automobile plant in southern Romania ceased operations on November 13, Profit.ro reported. The losses at the factory that is producing some 1,000 automobiles and 1,700 EcoBoost...
Bucharest Exchange-listed Premier Energy Group, active in the renewable electricity generation and energy supply activities in Romania and Moldova, announced its revenues rose by 25% y/y to EUR 816 million in January-September and by 61% y/y to EUR 303 million in Q3 alone, driven by both organic performance and strategic acquisitions. The net profit, however, shrunk […]
Romania's leading energy producer, Hidroelectrica (BVB: H2O), announced its output decreased by 22% y/y to 11.35TWh in January-September, citing both market conditions (a change in the regulations that resulted in volatile prices and volumes traded) and adverse hydrological conditions. The revenues contracted by 25% y/y to RON 7.2 billion (EUR 1.44 billion), roughly in line […]
Lower electricity production amid slightly higher domestic demand and the reliance on intermittent renewable resources led to increasingly more situations when Romania imports electricity at the maximum capacity of its interconnectors, although the net electricity deficit is in the range of only some 3% of total consumption. The power storage capacities can smooth supply and […]
