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 banks boasted in 2025 virtually the same record aggregated net profit as in 2024, namely RON 11.6 billion (EUR 2.3 billion, -0.6% y/y) in January-September and RON 6.2 billion (EUR 828 million, -0.3% y/y) in Q3 alone, according to data published by the National Bank of Romania. The non-performing loan (NPL) ratio has […]
The Romanian Parliament approved the National Defense Strategy on Wednesday, November 26, with 314 votes in favor, 43 against, and three abstentions, following a joint session attended by president Nicușor Dan. The document will guide national security policy for the 2025-2030 period. During the parliamentary debate, Ana Maria Gavrilă, leader of the opposition party POT, […]
Romania celebrates its National Day this long weekend, when December 1 is a public holiday, as is St Andrew’s Day. At the same time, several Christmas markets are opening in Bucharest, Brașov, and Timișoara.
Tășuleasa Social Association, which developed the long-distance trail Via Transilvanica, has developed a modular accommodation unit prototype, the first in what is to become a network of rural hospitality spaces. The network will cover areas along the trail that are isolated and lacking tourist infrastructure or communities with an aging population where there are no other […]
Hungary is interested in diversification and importing gas from the Neptun Deep reserve in the Black Sea, said Peter Szijjarto, the Foreigbn Affairs and Trade minister of Hungary at a press conference on energy topics. “Now, what the structure of domestic consumption and export of the gas exploited from Neptun Deep will be […]
Over 87% of Romanians have applied, in recent months, measures to reduce energy consumption in their homes or businesses, and over 60% are interested in investing in various energy efficiency projects in the next year, for increased comfort and to reduce their energy bills, reveals research carried out for the despre-energie.ro platform, a project of […]
