Source: Mediafax  Romanian President, Traian Basescu, declared on Thursday, after meeting German Chancellor Angela Merkel, that Romania would start a large privatization process, involving thermal power producers Turceni, Rovinari and Craiova and railroad freight transporter CFR Marfa. Asked about the areas where Romania would like to receive German investment, President Basescu declared it was no [...]

Source: Balkans.com  Portuguese group EDP Renovaveis has completed a wind farm worth over €100m in Cernavoda, which spreads to 76 parks, while Petrom, Romania’s largest company, began commercial operations on October 1 at a wind farm in Dorobantu, Dobrogea. The park has a capacity of 45 MW and consists of 15 wind turbines of 3 [...]

Source: Bloomberg   CEZ, the biggest Czech energy producer, plans to add 2,000 MW of renewable energy in Romania as part of a plan to boost green capacity by 3,000 MW. The Czech utility may invest €3bn in renewable energy by 2013, about half of that in Romania, where some new projects may be bought [...]

Source: Balkans.com  Nuclearelectrica, the Cernavoda nuclear plant operator, is launching an auction to attract investors interested in the €4bn project to build two new reactors at Cernavoda. The shareholders of the project company that will operate and build the two EnergoNuclear units are Nuclearelectrica (84.65%), Enel, Italy (9.15%) and ArcelorMittal, Galati (6.2%). The state intends [...]

Source: Act Media   Jeffrey Franks, head of the IMF mission in Romania, stated in an interview for Agerpres newswire, that Romania may switch from an importer of energy into an exporter, on the basis that authorities implement the right polices and attract investments. Franks warned that investments in energy projects will increase, once the [...]

Source: Balkan Business News   Enel Green Power, through its subsidiary Enel Green Power International BV , signed an agreement with the Danish government’s Export Credit Agency and Citigroup for a 12-year financing of €112m, guaranteed by Enel Green Power, that will be fully paid out by the end of October. This financing will be [...]

Source: Balkans.com China Gezhouba Group International, one of the direct contractors of the world-largest hydro power plant Three Gorges, expressed its firm commitment to develop on its own the €1bn, 1GWh pumped hydropower plant, planned by Romania, Ziarul Financiar announced quoting sources closed to the talks held by the Romanian minister of economy Ion Ariton, [...]

Source: Balkans.com  Enel Green Power’s MW70 “Salbatica II” wind farm is now operational in Romania. The wind power plant, composed of 35 wind turbines of MW2 each, is located near Tulcea, in the North Dobrogea area. The Salbatica II wind farm is expected to generate around kWh200m annually, enough to meet the power consumption needs of [...]

Source: Reuters   China Guangdong Nuclear Power Group may invest in a project to add two more reactors at Romania’s sole nuclear power plant in Cernavoda on the Danube River, Romania’s Economy Ministry announced on Wednesday. Romanian state-owned nuclear power plant operator Nuclearelectrica and the Chinese firm signed a confidentiality agreement in Beijing on Wednesday [...]

Source:Balkans.com   Romania’s Dorobantu Wind Farm, located in Dobrogea (S-E), an investment worth about €90m, started its commercial operations on October 1, this year, with an installed capacity of 45 MW. The park is equipped with 15 Vestas V90-3 MW capacity each. Construction of the park began in the second half of last year and was [...]