The Greek group PPC, which bought Enel Romania last year, completed the acquisition of the 84 MW wind farm owned by Lukoil in our country. PPC plans to commission 1,300 MW of renewable capacity in Romania in just three years. PPC announces that it has completed, through its subsidiary PPC PPC Renewables, and after fulfilling the usual preconditions for such transactions set out in the previously signed agreement, the acquisition from the European subsidiaries of the Lukoil Group, of a 100% stake in Land Power S.R.L. , which operates a wind farm in Romania with a total installed capacity of 84 MW, according to a company press release. The wind farm is located in the towns of Dorobantu and Topolog, Tulcea, in a region in Romania with the best wind conditions and generates more than 200 GWh of electricity per year. The transaction was carried out through a competitive process, with the participation of international companies, during which PPC Renewables was selected as the preferred bidder. Kommunalkredit Austria AG acted as exclusive financial advisor to the buyer and CMS Cameron McKenna Nabarro Olswang LLP SCP and Milbank LLP acted as counsel to PPC Renewables. The renewable energy production capacities of the PPC group, which took over Enel’s business in Romania last year, will reach a level of almost 2 GW in Romania, as a result of the increase in investments to unprecedented levels, according to the plan announced by PPC in month January.
On Monday, January 13, officials at the Cantacuzino Hospital in Bucharest alerted police that a man stole three amputated legs from the storage area. While two were later found, the third is still missing. The incident took place three days prior, on January 10, and was captured by surveillance cameras. Images published by Euronews Romania […]
The General Prosecutor's Office announced on Wednesday, January 15, that criminal prosecution has been initiated again against former president Ion Iliescu and ex-prime minister Petre Roman in the case targeting the violent crackdown of the protests in Bucharest's University Square on June 13-15, 1990, also known as the Mineriada (miners' riot). The two are facing […]
Approximately 62% of employees in Romania intend to change their workplace in the next six months largely due to financial reasons, according to a survey conducted by the online recruitment platform Bestjobs. Approximately 48% of respondents intend to change their workplace because they want a better salary, 13% due to a lack of professional development […]
Roborock, a global leader in intelligent cleaning solutions, announces the launch of its latest innovation, the Roborock Qrevo Curv, a state-of-the-art robot vacuum and mop designed to redefine home cleaning. This revolutionary product combines cutting-edge technology with an innovative cleaning system to offer an unparalleled cleaning experience for consumers. "Roborock Qrevo Curv represents a new […]
Bucharest mayor Nicușor Dan announced that his administration will draw inspiration from the Icelandic model to combat and prevent drug use among young people. The mayor also stated that building a medical facility dedicated to those struggling with addiction is being considered, using spaces belonging to Colentina or Obregia hospitals. “As Bucharest residents decided through a […]
A young deer trapped in the icy waters of a pond near Fălticeni, Suceava county, was recently saved by a team of firefighters. According to the Emergency Situations Inspectorate, which shared a short video of the rescue mission, the fawn had attempted to cross the frozen pond, but the thin ice cracked beneath its weight, […]
