The coal-fired power plant CE Oltenia auctioned forward electricity contract with delivery in Q1 next year for RON 600 (EUR 120) per MWh, but the electricity subsidiaries of Enel utility group had to offer up to RON 830 (EUR 166) per MWh to make sure they win, Economica.net reported. The “band” electricity blocks, namely contracts providing for the supply of constant power during the period (Q1), were eventually sold at prices between RON 815 and RON 821 per MWh. For this price, CE Oltenia is safely on the profit side, Economica.net concludes quoting company’s officials announcing a production cost of RON 510 per MWh that includes a carbon price component calculated for CO2 certificate traded at EUR 60. CE Oltenia general manager Daniel Burlan was recently speaking of the high prices (RON 700-1,000 per MWh) on the spot market - “three times more than the company gets [at that time] under the bilateral contracts.”
Full Moon, the festival showcasing horror and fantasy films, will hold its tenth edition next month in Biertan, a village in Sibiu county known for its UNESCO-listed fortified church. The festival will present this year a program of 16 films, six of which are national premieres. The edition's headliner is Radu Jude's Dracula, an international […]
Rheinmetall is expanding both its presence in Romania and its status as a manufacturer and service provider for the Romanian armed forces, according to a statement from the company. The new facilities will focus on the local production of ammunition and Lynx infantry fighting vehicles. The expansion initiative focuses on local production of the Lynx […]
PPC blue, part of Public Power Corporation (PPC) Group, will install 60 EV charging points on European routes in Romania and Greece using EU funding. The company will receive up to EUR 2.76 million as part of the Connecting Europe Facility (CEF) 's Alternative Fuels Infrastructure Facility (AFIF) program. The "East Europe Electric Route" project […]
Ukraine's Naftogaz Group has signed the first agreement with the company SOCAR Energy Ukraine, part of the Azerbaijani SOCAR group, for the purchase of natural gas from Azerbaijan. The gas will come through the Bulgaria-Romania-Ukraine corridor to alleviate Ukraine's energy consumption. In anticipation of the gas deliveries, a test delivery of natural gas was carried […]
Localities in six counties were affected by floods and storms on Sunday, July 27, but the hardest-hit were those in north-east Romania, specifically in the Suceava and Neamț counties, where precipitation caused rivers to swell out of control. On Sunday, the National Institute of Hydrology and Water Management (INHGA) issued a red alert for rivers […]
Hoghilag - Land of Tuberoses, an event highlighting the tuberose gardens in the commune of Hoghilag, in Sibiu county, will take place on the weekend of August 9 – August 10. Besides exploring the tuberose gardens during guided tours, visitors can also attend a fair of traditional local products and a truffle hunt in the […]
