So far we have about 500 megawatts of distributed generation projects under implementation, but many more are to come and here we are exploring different financing, purchase and donation options, Ukraine's Deputy Minister of Energy Roman Andarak told the ministerial meeting organised within the framework of the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC) meeting on Wednesday.Ukraine's Deputy Minister of Energy Roman Andarak said Ukraine focused on several directions, explaining that the first concerned physical protection and air defence. The second direction mentioned is infrastructure repair, which according to calculations, an investment of 180 million would reintroduce more than 3 GW of production into the system.Andarak also pointed out that they are also trying to make the system more flexible, more resilient, through distributed generation. So far, around 500 megawatts of different distributed generation projects are being implemented.He underlined that an important area of the ministry's work is to ensure reserve generation for the most critical facilities.Ukraine has received from international partners 16,000 generators for all the country's needs, but the basic needs for next winter are much lower, only 10% of that number.The Ukrainian official mentioned that his country's government has implemented policies not to disconnect companies that purchase 80% of their electricity from abroad.Last but not least, Roman Andarak pointed out that, despite the war, projects are being developed in various fields, including photovoltaic energy and wind farms.The deputy minister explained that due to the massive missile attacks, over 9 GW of generating capacity has been destroyed in Ukraine, which is why there is a significant deficit in the system, amounting to 30% of the necessary energy consumption.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
