The Investments Committee has recently approved the money from the Fund for Modernisation for important investment projects, the total sum approved being almost 1.4 billion euro, announced the minister of energy, Virgil Popescu, on his Facebook page.According to the minister, it is about eight projects lodged by the Energy Unit Oltenia for the production of energy from renewable sources, worth 670.802 million ruto out of which 469.562 million euro from the Fund for Modernisation, the production being in the final stage of 735 MW. The projects aim at the construction of photovoltaic parks on the Rovinari Est area, on the closed deposits of ash and slag of THE ISALNITA SE, on closed deposits of ash and slag of THE SE Rovinari, on closed deposits of ash and slag of SE Turceni, On the inner hallway within the career Tismana 1 - Rosia-Rovinari and on the inner hallway within the career Tismana 2 - Rosia - Rovinari.Similarly, it is about two other projects CCGT for CEO namely Isalnita worth 506.250 million euro, out of which 253.125 million euro from the Modernisation Fund and Turceni, worth 335.009 million euro, out of which 167.505 million euro out of the Modernisation Fund. The total capacity will be 1,200 MW.At the same time, the funds include projects presented by Transelectrica worth 475.51 million euro, out of which 393.675 million euro from the Modernisation Fund, namely: LEA 400 kV Gadalin-Suceava, passage to the 400 kV line voltage of the iron gates - Resita - Timisoara - Sacalaz - Arad. Stage II, passage to 400 kV line voltage iron gates - Resita - Timisoara - Sacalaz - Arad.stage III, passage to 400 kV LEA Braazest Vest - Teleajen - Stalpu, a pilot project - upgrading of the Alba Iulia station in the concept of a digital station, Installation of two modern means of compensating reactive power in Sibiu Sud and Bradu stations, optimization of the existing LEA 400 kv operation in the SEN, used in the interconnector and for the evacuation of power from the Cernavoda nuclear power plant and the renewable energy plants in Dobrogea, through installment of online motorization systems (SMART GRID) and counting system and electricity measuring data system on the wholesale market.‘There were also approved funds for the modernization of the electricity distribution grids, worth 1.2 billion euro, out of which 100 million euro will be allocated this year. During the period to come, the emergency ordnances for the regulation of the institutional framework and financial flows to make the Modernisation Fund more operational. We will continue to invest in the period to come so that Romania will become energetically independent.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
