The companies Hidroelectrica (from Romania) and SINTEF (from Norway) have started the implementation of the project "Networking, Exchange, Sharing and Transfer of Knowledge, Technology, Experience and Practices in the field of electricity production in hydropower plants," Hidroelectrica informs in a press release sent on Monday.In March 2024, the first information regarding the opening of the "Open Call for Bilateral Cooperation in the Green Transition" got published. The presentation workshop took place on April 23, 2024, with the allocated budget being of 1,250 million euros, granted through the EEA & Norway Grants 2014 - 2021 financing instrument.The EEA and Norwegian grants are funded by Iceland, Liechtenstein and Norway. The grants have two objectives - to contribute to an equal Europe, both socially and economically - and to strengthen the relations between Iceland, Liechtenstein and Norway and the 15 beneficiary states in Europe. The objective of the grants is to reduce social and economic disparities and to strengthen bilateral relations. This strengthens the internal market, leading to a more prosperous Europe."Considering that applying to this call is an opportunity to better contribute to the energy transition in Europe by strengthening the collaboration with one of the most important representatives of the Norwegian and global hydropower sector, by carrying out well-defined activities related to our common needs of improvement and development, benefiting from financing under the EEA & Norway Grants Programme, the team of specialists in accessing financing at Hidroelectrica developed and submitted the financing application within the requested deadline, on May 31, 2024," the press release reads.According to the conditions mentioned in the call documents, Hidroelectrica and SINTEF were considered eligible to access this financing instrument, which represents an opportunity for Hidroelectrica to obtain specialized support from a company with European experience, for the development of the knowledge and skills of its own specialists in the implementation at the company level of modern solutions to optimize the programming of the operation of hydroelectric power plants that will lead to the efficiency of production and subsequently of the trading of electricity produced from renewable sources in the capacities in the portfolio.Hidroelectrica, the most important Romanian electricity production company with a long history in the operation of hydropower plants, aiming at the further development of a sustainable energy system, will carry out this project together with the Norwegian company SINTEF, recognized as a world leader in solutions to optimize operation programming hydroelectric power plants.Hidroelectrica operates 187 hydropower plants with a total capacity of 6.3 GW and owns a wind farm with an installed power of 108 MW, covering 13.9% of the competitive electricity market in the country.
Céline Gauer, the director general of the Recovery and Resilience Task Force (or RECOVER) at the European Commission, arrived in Romania on Tuesday, July 15, to meet with officials regarding the implementation of the National Recovery and Resilience Plan, or PNRR. As the coordinator of the PNRR, which offers funding in the form of advantageous […]
Aluminium producer ALRO, a subsidiary of Vimetco PLC from Cyprus, celebrated 28 years on the Romanian stock exchange (BVB) and 60 years of uninterrupted industrial activity. Its market capitalization has increased nearly 21 times since its listing and now exceeds RON 1 billion. The company’s history began with the first batch of Romanian aluminium, on June […]
Something is quietly shifting in Romania. In places where paperwork, patchy Wi-Fi, and long queues once ruled, change is starting to show. Towns are more connected, cities are getting smarter, and essential services are beginning to live online, not in line. A tidal wave of digitisation is common to other areas of the globe, that’s […]
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
