Final electricity consumption in the first two months of 2024 was 8.616 billion kWh, 1.7% higher than in the same period in 2023, while domestic production totaled 2.971 million toe, down 23,000 toe (-0.8%), according to data published on Monday by the National Institute of Statistics (INS).The final consumption of electricity in the economy increased by 3%, public lighting increased by 12%, and population consumption decreased by 2.6%.Between January 1 and February 29, 2024, primary energy resources increased by 1.5%, and electricity resources remained constant, compared to the same period last year. The main primary energy resources totaled 5.201 million tons of oil equivalent (toe), an increase of 78,400 toe compared to the period January 1 - February 28, 2023.Domestic production totaled 2.971 million toe, down 23,000 toe (-0.8%) compared to the period January 1 - February 28, 2023, and import was 2.230 million toe, up 101,400 toe (+4,8%).In this period, the electricity resources were 11.721 billion kWh, an increase of 3.7 million kWh compared to the period January 1 - February 28, 2023.Production from thermal power plants was 3.700 billion kWh, down by 108.9 million kWh (-2.9%). Production from hydropower plants was 2.959 billion kWh, down by 12.4 million kWh (-0.4%), and that from nuclear power plants was 1.980 billion kWh, up by 16.5 million kWh (+0.8%).The production from wind power plants, in the period January 1 - February 29, 2024, was 1.552 billion kWh, down by 277.4 million kWh compared to the period January 1 - February 28, 2023, and the solar energy produced in photovoltaic installations in this period was 245.6 million kWh, an increase of 78.8 million kWh compared to the period January 1 - February 28, 2023.The export of electricity was 2.050 billion kWh, down by 126.2 million kWh. Own technological consumption in networks and stations was 1.055 billion kWh, down by 18.1 million kWh.
Vlad Micu has been appointed general manager and chairman of the Board of Directors of INNO Investments, a company of the Banca Transilvania Group specializing in the management of alternative investment funds. In his almost 30 years of experience, he has held various management positions in corporate banking, investment banking, trade finance, and business development […]
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The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In […]
Romania’s Orșova Shipyard (BVB: SNO) has concluded five external contracts for the construction of five river vessels, with the total value of the contracts amounting to EUR 22.2 million, according to a report submitted to the Bucharest Stock Exchange. The contracts are commercial in nature and have an intra-community delivery, but the buyer cannot be […]
Four people died on Monday, July 28, following a naval incident in the Musura Gulf area, Sulina Branch, where a boat capsized, according to information provided by the Tulcea County Emergency Situations Inspectorate. Among the deceased is also a child. Of the 14 people who were reportedly on the boat that capsized, 10 are being […]
Romania’s ruling Social Democratic Party (PSD) will immediately promote in Parliament a package of measures to reduce privileges for board members of state-owned enterprises (SOEs), with a second fiscal package to follow in coordination with the upcoming budget revision, PSD leader Sorin Grindeanu said on July 28,
