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EC approved 254 million euros aid for Bucharest district heating system – Romania, 24 February 2021

The European Commission (EC) announced that it has approved 254 million euros of aid for the support of upgrades and modernization of district heating system in Romania’s capital Bucharest. The statement from the Commission said that The planned support will take the form of a direct grant financ Full article available for subscribers of Energy […]

No future for coal in Europe and Romania – Romania, 24 February 2021

The European Commission Executive Vice-President Frans Timmermans said, speaking at an energy conference, there is no future for coal in Europe, and Romania should follow Germany in phasing out the use of coal in thermal power plants. Timmermans stressed that there is no more demand for coal. If Full article available for subscribers of Energy […]

Hidroelectrica recorded slightly higher profit in 2020 – Romania, 24 February 2021

Romanian electricity producer Hidroelectrica recorded a net profit in the amount of 298 million euros in 2020, which is some 5 % more compared to the previous year. Thus, Hidroelectrica surpassed oil and gas producer OMV Petrom as Romania’s most profitable company. In 2020, Hidroelectrica sol Full article available for subscribers of Energy NEWS service […]