The contract for upgrading Vidraru Hydropower Plant, a 200 million euro investment, was signed on Tuesday in Arges county, in the presence of premier Marcel Ciolacu and energy minister Sebastian Burduja. The contract signing ceremony was attended by Marija Kapitanovic, the Croatian ambassador to Bucharest, since a Croatian company will be involved in the upgrading process. “It is an important event for the Romanian energy sector and for bilateral relations between Romania and Croatia. Koncar, the company involved in the project, represents excellency in the energy sector,”said the ambassador. The association between Electromontaj (association leader), Koncar engineering Co.Ltd for Production and Services and Butan Group won the contract for the upgrading of Vidraru Hydropower Plant, worth 188.382 million euros, Hidroelectrica informed on July 1st. According to the source, AHE Vidraru is one of the most representative hydropower objectives in Romania and the power plant, with an installed power of 220 MW,is playing an important role for the National Power Grid. Vidraru Hydropower Plant, commissioned in 1966, uses the waters of Arges river potential on a sector 28 km long, between Cumpana and Oiesti, turning to account a water fall of 324 m. The lake has a volume of 465 million cu.m., of which 320 million cu.m represent useful volume. Vidraru Dam was, when inaugurated, the fifth in Europe and 9th in the world among similar buildings. It ensures an annual electric energy output of 400 Gwh. Hidroelectrica is the largest green energy producer in Romania amd supplies technologicalservices for the National Power Grid. The company operates 187 power plants with a capacity of 6.3 GW. Moreover, it has a wind park at Crucea, with an installed power of 108 MW and a share of 13.09% in the supply market.
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]
The Buzău Land UNESCO Global Geopark in Romania has become a “living laboratory” this week as a team of American researchers arrived to study microorganisms capable of surviving in extreme environments. The scientists, part of the interdisciplinary research organisation The Two Frontiers Project, are examining methane seeps, sulfur and petroleum springs, saline sources, and other […]
A moose has been unexpectedly spotted in the Hunedoara county area, specialists from the conservation group Rewilding Romania announced on Wednesday, December 10, sharing footage of the animal on social media. The sighting is considered “an important discovery for Romania’s wildlife,” though experts caution that it remains unclear how the animal reached this region. According […]
Trade unionists will continue to require the Presidential Administration to mediate the conflict with the government on issues such as the minimum wage or the collective labour agreement, said Bogdan Hossu, president of the Cartel Alfa trade union confederation, as reported by
Prime minister Ilie Bolojan said on Wednesday, December 10, that Romania’s state budget for 2026 will be adopted only at the end of January, citing the need for Parliament to first approve legislation required to ensure predictability and compliance with the country’s deficit targets. His comments came as the government has been working to align […]
