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.
ASFAT, a wholly state-owned company operating under Türkiye’s Ministry of National Defence (MoND), has signed an agreement for the delivery of the light corvette Akhisar to the Romanian Naval Forces. This transaction represents a milestone for Türkiye’s defence industry, as it is the first international sale of a combat ship built in Türkiye to a […]
Wind projects with a total capacity of almost 316 MW have been declared winners in the third auction under the Contracts for Difference (CfD) scheme, above the minimum threshold set by the Ministry of Energy, according to sources quoted by Economica.net. The third auction was organised because of insufficient projects approved under...
Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Romania-based, state-owned bank CEC Bank at BB/stable, its Viability Rating (VR) at bb, and Government Support Rating (GSR) at b, based on the bank's moderate, albeit strengthening, business profile, adequate capitalisation, and reasonable funding and liquidity. This puts the Romanian bank's rating two notches […]
Romania's Ministry of Transport blocked a key procedural step required for the listing of Bucharest Airports Company on the Stock Exchange (BVB) after opposing an item on the shareholders' agenda concerning the resumption of the auditor selection process. The vote took place at the end of November, following a request by Fondul Proprietatea, which holds […]
Romania has begun work on a specialised production facility in Măgurele, near Bucharest, that will manufacture laboratory-grade mirrors and lenses, including components for the world’s most powerful laser hosted at the adjacent research centre, Digi24 reported. The...
The Treasury set a coupon of 6.55% for the 2-year state bonds on sale in the primary retail market in December, 40 basis points from 6.95% paid in November, and 65 basis points lower compared to October. The coupons for the other maturities have decreased accordingly to 7.1% for the 4-year maturity (-25 bp from […]
