Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Updated National Integrated Plan in Energy and Climate...

Updated National Integrated Plan in Energy and Climate Change next spring

November 16, 2023

 The Ministry of Energy is in the process of updating the National Integrated Plan in the field of Energy and Climate Change (PNIESC), so that, in the spring of next year, we will have this plan up to date, which involved a "difficult coordination pulled by the collar effort of the other institutions involved", declared minister Sebastian Burduja, at the Romanian Renewable Energy Summit 2023."Romania is among the countries with the most ambitious decarbonization plan, it is among the countries with the most spectacular increase in the share of renewable energy in the energy mix, it is among the countries that give the world one of the best specialists in the energy sector," said Burduja.At the same time, he emphasized that Romania is the first country to exploit gas in the Black Sea with Black Sea Oil and Gas, followed by Neptun Deep, adding that, in his opinion, Romania will be the first country to have wind power plants in the Black Sea, which is why the Offshore Wind Law was accelerated."That's why we accelerated the law for offshore wind to the maximum, it is under interministerial approval, we have a very lively dialogue with the Ministry of the Environment and some elements of this draft law that will be adopted by the Government and, later, sent to the Parliament, with a deadline for adoption this fall," the minister pointed out.At the same time, Burduja stated that, at the level of the Ministry of Energy, it is desired to carry out a global study on the areas that can be developed, to take into account all environmental aspects and to define the areas where these capacities can be built.The minister also referred to "another important scheme", namely "contract for differences" (CFD)."I think you are aware of this mechanism. It sets a reference price for 15 years. When the market price is above the reference price, the investor pays the difference to a fund, to the counterpart of the Romanian state, which will be managed by OPCOM (Electricity and Natural Gas Market Operator). When the price is below, the counterparty pays the investor, so as to ensure this stability for 15 years," he explained.In his opinion, it is very important to have competition."I was with president Iohannis in Portugal the other day. Portugal managed to set, according to the Portuguese (Energy, ed. n.) minister, the world record for the price set through CFDs very low. This means that it managed to make an extremely competitive procedure. The entrepreneurs came, they competed and brought the reference price very low," Sebastian Burduja said.He highlighted that all the premises are favorable for the development of renewable energy in Romania. Currently, its share in the energy mix is approximately 70%.

Read in full - click here
CTP extends partnership with LEROY MERLIN Romania to 48,500 sqm at Europe’s largest industrial park

CTP, Europe’s largest listed developer, owner and operator of logistics and industrial real estate by gross leasable area, has signed an agreement with LEROY MERLIN Romania, retailer specializing in construction, home improvement, decoration, and gardening, to expand its regional distribution centre at CTPark Bucharest West to 48,500 sqm. The announcement was made during the groundbreaking […]

Fondul Proprietatea contributes EUR 11 mln to prevent dilution of stake in Constanta Port

Fondul Proprietatea (BVB: FP) on May 15 exercised its preemptive right and subscribed 5,632,510 new shares in the National Company Administration of Maritime Ports (CNAPM), with a nominal value of RON 10 per share and a total value of RON 56.3 million (EUR 11 million), according to a report published on the Bucharest Stock Exchange […]

Court greenlights sale procedure for Romanian steel mill Liberty Galati

The Galati Court approved the amended plan to sell the assets of Romanian steel group Liberty Galati (under pre-insolvency procedures), thus paving the way for the resumption of the auction for one of the most important industrial assets in Romania, the consortium of practitioners Euro Insol – CITR announced on Monday, May 18. The auction […]

Creditors of Romanian bankrupt shipyard Mangalia prepare new sale plan

The creditors of the Romanian bankrupt shipyard Mangalia will meet on Friday, May 22, to vote on a new sale strategy consisting of at least 6 monthly auctions for the sale of the shipyard, starting from the going concern valuation of EUR 168 million, according to Economica.net. ...

Fitch upgrades Banca Transilvania rating above Romania’s sovereign grade

Fitch Ratings upgraded the long-term issuer default rating (IDR) of Banca Transilvania (BVB: TLV) from BBB- to BBB, placing the lender one notch above Romania’s sovereign rating. Banca Transilvania, listed on the Bucharest Stock Exchange, is the largest bank in Romania by assets. “Fitch Ratings considers Banca Transilvania to be more resilient than the environment […]

Romania loses EUR 67 mln arbitration case against Italian contractor Pizzarotti

Romania’s National Road Infrastructure Administration Company (CNAIR) has lost an arbitration dispute against Italian construction group Impresa Pizzarotti over delays affecting Lot 1 of the Sebeș–Turda motorway project, according to information published by