According to the data provided by the National Energy Dispatch, the demand for electricity storage is 4,000 MW until 2030, half of which will come from batteries and half from pumped storage hydropower plants, the minister of Energy, Sebastian Burduja declared on Friday.According to the minister, Romania must do what it should have done for decades, namely pumped storage hydropower plants, because "we are the only country in the EU with the geography that allows such investments and that was not able to carry after all, such a hydroelectric plant. It is much more useful than a field of batteries. Much more useful because it stores energy for a much longer period and is much friendlier to the environment. (...) That is why I and the Council of ministers in Brussels always say: give us a favorable framework for pumped storage hydropower plants through which we can speed up, on the one hand, the environmental approval procedures, and on the other hand, we can access more financing because they are expensive projects and there are projects that cannot be done overnight."As to the pumped-storage hydropower plant project from Tarnita-Lapustesti, he mentioned that the feasibility study procedure is underway and if this fails, a public-private partnership option will be used."In the public-private partnership, there are big partners, with some of them I have met, they could enter from this moment. We do not have a feasibility study, they assume part of the costs and then when you have the study, the shares in the shareholding structure are renegotiated. But we have no way to give up this investment," said Sebastian Burduja.
The Romanian Film Festival in Washington, D.C will line up for this year’s edition six feature films and documentaries, each accompanied by introductions, post-screening discussions, and Q&A sessions. The event, organized by the Embassy of Romania to the United States and the Romanian Cultural Institute in New York, will take place from November 13 to […]
A total of 58% of the Romanian respondents to a recent Eurobarometer survey believe the war in Ukraine is one of the main challenges the EU is facing. This is higher than the EU average of 47% of respondents who share this belief. The cost of living worries 31% of the Romanian respondents, which is […]
Romania has been elected as a full member of the UNESCO Executive Board for the 2025–2029 term, the first such appointment in 14 years. Romanian officials noted that the country will work closely with other member states to promote dialogue, knowledge, and international cooperation, in the spirit of UNESCO’s principles and the objectives aimed at […]
The Government of Romania may draft several separate ordinances to legislate the fiscal measures initially included in a law, part of the second package of budgetary reforms, partly rejected by the Constitutional Court. The provisions put forth by the ruling coalition in a single law initially include critical measures, such as the "tax on [foreign] […]
The Constitutional Court of Romania (CCR) published its detailed ruling (motivation) on the magistrates’ pensions law on November 7. This should trigger the Government’s procedures for re-launching the law, according to statements by Prime Minister Ilie Bolojan and Social Democrat leader Sorin Grindeanu, who argue for different strategies. While PM Bolojan wants the same bill […]
Romania’s state-controlled electricity distribution and supply company Electrica (BVB: EL) has submitted a non-binding offer for the acquisition of Distribuție Energie Oltenia (DEO), the electricity distribution company controlled by the Macquarie investment fund, according to
