The government will be allowed to postpone the closure of some coal-fired energy facilities and related mining and quarrying operations or restart closed energy facilities and related mining and quarrying operations in the event of an energy crisis, according to an emergency ordinance passed on ;ast Thursday."In an energy crisis, the Romanian government, at the proposal of the Ministry of Energy, may take a decision to postpone the closure of coal-fired energy facilities and related mining and quarrying operations or to restart closed energy facilities and related mining and quarrying operations in compliance with the environmental legislation and the deadline for completing the decarbonisation of the energy sector and in correlation with the measures included in the emergency plans related to the energy sector," the Ministry of Energy reported on Thursday.In order to bridge the capacity deficit created by the elimination of coal from the energy mix, investments are made for the commissioning by 2030 of new hydroelectric production facilities and nuclear energy facilities.On Thursday, at the proposal of the Ministry of Energy, the government passed an emergency ordinance on decarbonisation of Romania's energy sector, a milestone in the National Recovery and Resilience Plan (PNRR), given that the phased elimination of lignite and coal-fired power plants is part of Component C6. Energy, Pillar I. The green transition under the National Recovery and Resilience Plan.The bill establishes the general legal framework for the phased elimination from the energy mix of electricity production based on lignite and coal, deadlines for closing and conserving energy facilities operating on lignite and coal and measures including securing the reserves for a safe and stable operation of the National Electric Power Grid.The mines and quarries will be withdrawn from operation and preserved in conjunction with the commissioning of investments in natural gas and renewable energy.At the quarries where the mining activity of lignite mining ceases, permanent closure and greening works will be carried out, considering the fact that the lignite mining activity had an impact on the environmental components, with the soil being the most affected. Also, closed coal mines can be included in the tourist circuit, in compliance with the legal provisions in force regarding the safety and security of visitors.The ordinance also establishes a series of social protection measures, as well as measures for professional retraining.
Premier Energy PLC, one of the fastest-growing energy companies in Romania and the SEE region, will carry out an initial public offering (IPO) on the Bucharest Stock Exchange (BVB) between May 8 and May 15, 2024. Romania's Financial Supervisory Authority (ASF) approved the IPO prospectus on Tuesday, May 7. The company is looking to sell […]
The European Bank for Reconstruction and Development (EBRD) is lending more than EUR 46 million as part of a EUR 93 million financing package to build and operate Urleasca Wind Farm, a 102 MW onshore wind farm in Romania, the institution announced. Urleasca Wind Farm is expected to generate 277 GWh a year of renewable energy […]
Bucharest and Ilfov County together form the region in Romania with the highest motorization rate, with an average of 640 cars per 1,000 inhabitants, a level close to most regions in France, Germany, Austria, and Italy, according to Eurostat data for 2022 cited by Ziarul Financiar. In the central, western, and northwestern regions of the […]
Nicolae Ciucă, the president of the National Liberal Party and head of the Romanian Senate, is increasingly looking like the party’s pick for the presidency. Ciucă, a former general in the Romanian army and an ally of current president Klaus Iohannis, also from PNL, is featured on dozens of billboards across the country. In parallel, a social media […]
The 28th edition of the European Film Festival opens in Bucharest on Europe’s Day, May 9. The event, which takes place in several cities in the country, will end this year’s run in Chișinău on June 8, the weekend of the EU Parliament elections. The program covers 40 feature films, 34 of them national premieres, […]
The multinational military exercise "Swift Response 24,” which will feature the largest airborne operations in Europe since World War II, has recently begun. The exercise will take place until May 24 in Romania, including in the Cincu range in Brașov County, according to Radio Brașov, as reported by Rador. According to the Ministry of National […]
