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.
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
