Retele Electrice companies have initiated a public tender on the SEAP platform, with a maximum cumulative value of about 55 million lei (excluding VAT), for the purchase of transformers from medium voltage to low voltage, so that they can carry out modernization projects to increase the resilience and reliability of their distribution networks. "With this purchase, we want to ensure that our electricity grid will become more resilient in the long term. In addition to modernizing the network, these transformers will help increase the grid's ability to integrate renewable energy sources", stated Mihai Pe?te, Director General of Retele Electrice companies. These transformers will replace old equipment and will bring significant improvements both in terms of the quality of distributed energy, grid stability and in reducing own technological consumption. Once installed, they will allow more efficient distribution of electricity, thus contributing to lower operational costs, reducing the number of interruptions in the grid and improving the overall functioning of the system. One of the selection criteria in the specifications is the sustainability factor, underlining once again the company's commitment to protecting the environment. This means that bidders who can bring environmentally friendly packaged materials can receive extra points based on the evaluation grid. The contract will have a validity period of 2 years. Retele Electrice companies operate networks with a total length of aproximately 134,000 kilometers in three important areas of the country: South Muntenia (including Bucharest), Banat and Dobrogea, covering a third of the local distribution market, and are developing an investment program to improve quality services, safety and performance of networks and local implementation of environmental standards of the PPC group. The electrical networks operated by the three companies Retele Electrice count 289 transformer stations and over 25,000 transformer stations.
The Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
