Energy Minister Sebastian Burduja said at Iron Gates I, that coal-fired power generation cannot be replaced by photovoltaic panels or wind power plants, but by gas production.According to Burduja, at the moment there are delays in the process of replacing the coal-fired power plants at Isalnita and Turceni, but it is important not to close the coal-fired groups without putting something in place."In the restructuring plan for the Oltenia Energy Complex (CEO), the approach was a gradual closure of the coal-fired groups and their transfer to the reserve (some of the groups go into reserve), yet to have the gas groups from Isalnita and Turceni, which mean 850 MW and 478 MW respectively. These gas groups have certain delays, and today we were on a working visit to Isalnita, where there is progress. We want to have the submission of offers, clarifications in the autumn, to hope that there will be no challenges but a contract award by the end of this year, which would allow us in 2027, with support from Transgaz, to have the gas group in Isalnita put into operation. At Turceni there are even longer delays at the moment. So there needs to be a correlation between the closure of coal-fired power plants and the commissioning of gas-fired power plants. Because that's what strip production means: you can't replace coal with photovoltaic panels or wind farms. They do not have the same production profile: one is continuous production, while the other is intermittent production."Burduja added that according to the deadlines pledged by Romania under its National Recovery and Resilience National Plan (PNRR) for decarbonisation legislation, and also in the restructuring plan from the Oltenia Energy Complex (CEO) and the plan to close the activity in Valea Jiului, 2032 is the last year of operation of CEO.
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
Romanian president Nicusor Dan reiterated in a speech at the 2025 Digital Governance Summit organised by Edge Institute at Cotroceni Palace and published on the Presidency's webpage, thus making it somewhat official, an invitation addressed to the "private community" to draft regulations and sectoral policies that the state is unfortunately unable to design, such as […]
Premier Energy Group (BVB: PE), a leading vertically integrated utility company in Southeastern Europe listed on the Bucharest Stock Exchange, reported its normalized revenue grew 40% y/y to EUR 1.17 billion, while normalized EBITDA rose by 36% y/y to EUR 94 million in the first nine months of 2025. On a reported IFRS basis, revenue […]
Autonom Services, a mobility services company with bonds listed at the Bucharest Exchange, has entered into a credit facility agreement with a total value of EUR 300 million, with an option to subsequently increase the facility by up to EUR 50 million. The financing was attracted from a syndicate of banks that included Banca Transilvania, […]
