Hidroelectrica will invest RON 296.8 million in a large-scale battery storage facility at the Iron Gates II hydropower plant, a 64 MW installation with 434.76 MWh of storage capacity, set to become the company's biggest storage project to date. The contract was awarded to Synergy Construct following the completion of the public procurement procedure.The company says the new Battery Energy Storage System (BESS) will strengthen operational flexibility across the National Power System by smoothing production over the full 24-hour cycle, shifting energy to higher-value intervals and improving the responsiveness of its portfolio. The project also benefits from RON 43.4 million in financing through the Modernisation Fund under the Energy Ministry's programme for developing battery-based storage capacities.The contractor will work with the following subcontractors/third parties - Kseo Enerji Anonim Sirketi, Professional Land Survey, Zoork, Tripol Sistem Construct, Inemko Insaat Elektrik Telekominikasyon Sanayi ve Ticaret Limited Sirketi, and Rogotehnic - after completion of all public-procurement procedural steps."For Hidroelectrica, the energy transition means more than developing new generation capacities. It means building the infrastructure that allows us to use renewable energy efficiently and respond flexibly to the needs of the National Power System. The BESS Iron Gates II project is a strategic step in this direction and confirms Hidroelectrica's commitment to investing in the technologies that will shape the energy of tomorrow," said Hidroelectrica CEO Iulius-Dan Plaveti.Hidroelectrica highlights that the winning bid significantly exceeded the tender's minimum requirement of 256 MWh, delivering 434.76 MWh - roughly 70% more - which the company sees as a key step in hybridising its generation mix. By storing energy and releasing it when system demand is highest, the new installation is expected to enhance both flexibility and long-term profitability.
The first heavy snow hit Romania’s famous Transfăgărășan high-altitude road, forcing road workers to intervene with snow-clearing equipment and anti-skid material. The Brașov Regional Directorate of Roads and Bridges (DRDP) announced on Friday, October 16, that a layer of snow has formed on the road, particularly in the highest areas. “Heavy snowfall on DN7C – […]
The National Liberal Party (PNL) and its allies in Save Romania Union (USR) called for the establishment of a parliamentary committee for administrative-territorial reform on Thursday, October 15. The two parties, set to form the opposition in the event of an investiture vote for the Luca Niculescu government, had their request approved by the Joint […]
Real estate developer One United Properties (BVB: ONE) announced on Friday, October 16, that it has appointed Cătălin Jalobă as Group Chief Financial Officer. He will take office on December 17. In this role, Jalobă will lead the group’s finance function, including financial strategy and planning, accounting and reporting, treasury and financing, cost control, taxation […]
One of the largest banks in Romania, Raiffeisen Bank, listed a new corporate bond issue, its tenth overall, worth a total of RON 750 million on the Exchange’s Regulated Market on Friday, October 16. The bank listed 1,250 senior preferred, unsecured corporate bonds with a nominal value of RON 600,000 each and a fixed coupon […]
More than 1.5 million people participated in the 2026 edition of Open Streets – Bucharest, Urban Promenade, according to municipal cultural center ARCUB. The program ended on October 11 after running for 24 weekends. Organized by the Bucharest City Hall through ARCUB, the project included 226 activities. These comprised more than 100 workshops and interactive […]
Bucovina, a region in northeast Romania, topped Time Out’s newly updated list of the world’s most underrated travel destinations for 2027. Relatively unknown, particularly to foreign travelers, Bucovina was placed first among 41 destinations around the world. The London-based travel recommendations magazine highlighted the region’s painted monasteries and ancient forests to motivate...
