Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Updated National Integrated Plan in Energy and Climate...

Updated National Integrated Plan in Energy and Climate Change next spring

November 16, 2023

 The Ministry of Energy is in the process of updating the National Integrated Plan in the field of Energy and Climate Change (PNIESC), so that, in the spring of next year, we will have this plan up to date, which involved a "difficult coordination pulled by the collar effort of the other institutions involved", declared minister Sebastian Burduja, at the Romanian Renewable Energy Summit 2023."Romania is among the countries with the most ambitious decarbonization plan, it is among the countries with the most spectacular increase in the share of renewable energy in the energy mix, it is among the countries that give the world one of the best specialists in the energy sector," said Burduja.At the same time, he emphasized that Romania is the first country to exploit gas in the Black Sea with Black Sea Oil and Gas, followed by Neptun Deep, adding that, in his opinion, Romania will be the first country to have wind power plants in the Black Sea, which is why the Offshore Wind Law was accelerated."That's why we accelerated the law for offshore wind to the maximum, it is under interministerial approval, we have a very lively dialogue with the Ministry of the Environment and some elements of this draft law that will be adopted by the Government and, later, sent to the Parliament, with a deadline for adoption this fall," the minister pointed out.At the same time, Burduja stated that, at the level of the Ministry of Energy, it is desired to carry out a global study on the areas that can be developed, to take into account all environmental aspects and to define the areas where these capacities can be built.The minister also referred to "another important scheme", namely "contract for differences" (CFD)."I think you are aware of this mechanism. It sets a reference price for 15 years. When the market price is above the reference price, the investor pays the difference to a fund, to the counterpart of the Romanian state, which will be managed by OPCOM (Electricity and Natural Gas Market Operator). When the price is below, the counterparty pays the investor, so as to ensure this stability for 15 years," he explained.In his opinion, it is very important to have competition."I was with president Iohannis in Portugal the other day. Portugal managed to set, according to the Portuguese (Energy, ed. n.) minister, the world record for the price set through CFDs very low. This means that it managed to make an extremely competitive procedure. The entrepreneurs came, they competed and brought the reference price very low," Sebastian Burduja said.He highlighted that all the premises are favorable for the development of renewable energy in Romania. Currently, its share in the energy mix is approximately 70%.

Read in full - click here
Sustainability meets Profitability on April 8th

La French Tech Bucharest announces the third edition of its highly anticipated flagship event, Sustainability meets Profitability, set to take place on April 8th, 2025, at the Romanian - American University (1B Expoziției Boulevard, Bucharest), starting at 18:30. Sustainability meets Profitability event will explore the new regulations companies—big or small—must navigate and how they can turn […]

Romania’s Sibiu-Pitești highway to feature largest ecoduct in the country

The builders of Romania’s important A1 Sibiu – Pitești highway are set to start the construction of a bridge over 300 meters long and at least 100 meters wide, allowing the animals of the Southern Carpathians to cross from one side to the other.  The investment will pay off as a corridor for large mammals […]

Report: Romania's business services industry has room to grow but at slower pace

The local business services industry has potential for growth, even if it will see a slower pace because the market is a mature one and given the high regional and global competitiveness, according to a report carried out by the Association of Business Service Leaders in Romania (ABSL) in partnership with Deloitte Romania. Still, the […]

Romanian soldiers on parental leave went to Congo as mercenaries, Defense Ministry finds

Several Romanian military personnel who were on parental leave went to Congo as mercenaries, according to a statement from the Ministry of National Defense.  The issue of active soldiers taking mercenary work first came up on the public agenda after PressOne...

European Investment Bank to finance Ukraine’s railway border crossings with Romania, other neighbors

The European Investment Bank and the government of Ukraine have agreed to allocate EUR 50 million from EIB funding to Ukraine's national railway company, Ukrzaliznytsia, for the modernization of key railway border crossings with Poland, Slovakia, Hungary, and Romania.  The project includes repairs to worn-out railway tracks, the relocation of wagon inspections, the reconstruction of […]

Medicover acquires operations of laboratory diagnostic services provider Synlab in Romania, five other countries

Medicover has acquired the operations of the lab tests provider Synlab Group in Romania, Turkey, Cyprus, Slovenia, Croatia, and North Macedonia in a transaction worth EUR 71.3 million, the company announced. The transaction was financed from Medicover's own sources. It was carried out by Medicover for its diagnostic services division, present in Romania under the […]