The operator Distributie Oltenia announced on Monday that they started the project Advanced Distribution Management System, for the development of a smart network of distribution, for the benefit of the ove 1.4 million electricity users and the value of the project is 76 million lei, out of European Funds. ‘The strategic project is an advanced system of distribution management, a software platform which ensures the control and management of the distribution process as wel as its optimisation’ the company says. An ADMS system (Advanced Distribution Management System)is made up, in short, of four main elements: the SCADA which implies data acquisition in real time for the control of the distribution network. This is translated into the rapidity of the operator to react to unforeseen events. The DMS part, for the analysis and optimization of the network. This means the operator will be able to offer energy at the quality and quantity required, by observing the parameters in real time. The OMS for the management of breaks in the energy supply. The ADMS will reduce significantly the time for intervention for fixing the problems in supply with electricity. The reporting part, for analysis and data measurement connected to the functioning of the network. The new system offers advanced control means, allowing the rapid diagnosis and solutioning of the events which could influence the quality of energy distribution. The system involves, at the same time, a set of functions for the optimisation of the distribution network performance and it will function as a modern tool in the monitorisation and efficient control of the electricity distribution system, by improving the safety, the fiability, the quality of the services, response to emergency situations, accuracy of the network analysis, engine speed calculations and technological consumption.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
