Wind and solar energy cannot be used at full capacity without a smart electricity transmission and distribution infrastructure, which will lead to low profitability and a higher price for consumers, said Corneliu Bodea, president of the Romanian Energy Center (CRE) and CEO of Adrem, within the "New technologies in energy" project. "A sound policy for the development of a country's energy infrastructure should be approached in an integrated, predictable and coherent manner, with clear, time-appropriate, achievable and relevant objectives. Moreover, the holistic approach should be competent and legislatively aligned in all primary or secondary regulations. Unfortunately, the National Energy Strategy and the Integrated National Energy and Climate Plan cannot be said "to be guilty" of such an approach. I believe that an urgent review of all specific legislation, in the sense of building a new coherent package from scratch, should be the first priority. The extended patchwork and differentiated approaches between the relevant institutions have brought Romania to a place where the lack of a unitary and clear policy will turn into a reduced appetite for investments for major projects," says Bodea."In Romania, I have the courage to declare that the level of network intelligence is on one of the last places in the EU, maybe even on the last. This reality will delay and render inefficient the adoption of renewable technology when we talk about targets above 30 percent in such generation technologies and will make the target of over 50 percent that we have in front of us impossible. I believe that we have time to recover, provided that the efforts of the experts and the will of the politicians are available," added the CRE president.The future is digital and electric, and the lack of a consistent vision that keeps up with the times can place us against the current, with enormous costs for the industry, household consumers and the environment, Bodea also said.
TeraPlast Group recorded a 34% increase in revenue in 2024, reaching RON 897.9 million, compared to RON 672.3 million in 2023. This growth is generated by an increase in sold volumes, the launch of operations at the Opal stretch film factory, and the consolidation of results from companies acquired in 2024. EBITDA remained at a […]
The construction of the Cluj-Napoca subway began on Tuesday, February 25, with the consolidation work on the hill located in the area of station 2 in the Florești suburb. Once completed, the subway in Cluj-Napoca will be Romania's second, after the one in Bucharest. It will be 21 km long and include 19 stations. The current […]
Electric services group Hidroelectrica, the largest company on the Bucharest Stock Exchange (BVB), reported a net profit of RON 4.1 billion in 2024, down 35%, and revenues of RON 9.1 billion, 25% lower than in 2023, according to financial data published on Wednesday, February 26. Hidroelectrica said its results were influenced by the decline in […]
Medisprof Cancer Center has received approval for the Zonal Urban Plan (PUZ) for its new integrated oncology hospital in Cluj-Napoca, marking another step in the project estimated at a total of EUR 22 million. The approval paves the way for the construction phase, which is expected to begin in 2026 and take 24 months to […]
Romania’s High Court of Cassation and Justice has definitively rejected far-right politician Călin Georgescu's appeal, through which he requested the suspension of the declassified documents that served as the basis for the annulment of the presidential elections in December 2024. The lawsuit was filed at the Bucharest Court of Appeal by the Association for the […]
Update: Prime minister Marcel Ciolacu had his first reaction after Călin Georgescu was brought in for questioning at the Prosecutor's Office. He said that, given the tense electoral context, judicial bodies are obligated to present solid and impeccable evidence in the investigation that also involves a potential candidate in the May elections. He also reiterated […]
