Romanian power consumption is likely to grow by around 2% to 54.8 TWh in 2011, aided by increase demand in industry, the head of state-run power grid operator Transelectrica (TEL.RO) told Mediafax. read more...

RWE (Germany), GDF SUEZ (French-Belgian group) and Iberdrola (Spain) have abandoned the 4 billion-euro project entailing the development of reactors 3 and 4 of the Cernavodă nuclear power plant, after last year saw the Czechs at CEZ withdraw from Romania's biggest investment project in the past 20 years. read more...

Bechtel Interational, SNC Lavalin Nuclear and Atomtechnoprom are the companies that launched in the fight for the public tender on the construction of units 3 and 4 of the Cernavoda plant, Economy ministry reads. read more...

Romania plans to replace over half of its 20,437 MW installed electrical output with new units by 2035, Economy Ministry director Alexandru Sandulescu said Tuesday. read more...

Nuclearelectrica and Hidroelectrica giants, the biggest producers of electric energy in Romania are ready to be listed at the stock exchange, Proprietatea Fund manager Greg Konieczny declared. He said that this can be a solution for the energy sector and also declared that three energy complexes, Turceni, Rovinari and Craiova should be restructured and then sold. read more...

The operation of the Arad-Szeged pipe connecting the Romanian gas transmission system with the Hungarian one, and thus with other fuelling sources outside of Russia, is starting to produce its first effects, with around 2% of the overall amount of gas imported by Romania in 2010 being supplied through this interconnecting pipe. read more...

Romania’s Government plans to merge three electricity suppliers into a single unit running under state-owned electricity supplier Electrica, according to an official government document obtained by Mediafax. read more...

Hundreds of Romanians have protested recent fuel price hikes by picketing gas stations throughout the country and paying for fuel in coins as pump prices have risen over 15% last year, adding to a 13% growth in 2009. read more...

European Commission President Jose Manuel Barosso and Azerbaijan President, Ilham Alizev signed a common declaration regarding Europe’s gas supply. Representatives of Nabucco consortium said the declaration opens the way for the full implementation of the project. read more...

Works for Romania's largest investment project, reactors 3 and 4 of Cernavodă nuclear station put at 4bn euros, are likely to start in 2012, two years later than originally scheduled. read more...

Romanian political leaders are going public with tough statements on the policy of making fuel prices more expensive pursued by players in the oil sector, but what their statements have in common is the lack of solutions. read more...

Romanian transporters blame the Government for the increase in fuel prices due to the value added tax and excise hike, as well as the leu's depreciation against the euro and the dollar. read more...

Romania’s Government may introduce specific counter measures on the market, as special purpose taxes, against the producers who increase fuel prices rapidly and unjustifiably, Prime Minister Emil Boc told the public TV station Monday evening. read more...

Valea Dacilor, Topolog, Casimcea, Dăieni or Valea Nucarilor are just a few of Dobrogea communes standing a chance to become real stars this year as international players are coming up with over 2bn euros to build around 450 windmills. read more...

Romanian independent taxi drivers will not buy fuels from gas stations on Thursday, in protest over the increase in fuel prices, the Association for the Rights of Independent Taxi Drivers (ATDI) said in a press release Sunday. read more...

Mihai David, former general manager of Hidroelectrica, currently a member of the board of directors of the most valuable state-owned company, believes a new bubble is forming, after the financial crisis that broke out more than two years ago, with the peak of the new bubble to be reached during the next five to six years. Whereas the 2007 crisis was triggered by risky loans, exotic financial products and a highly overvalued real estate market, now the trigger could be the energy sector. More specifically green energy. read more...

The price of a litre of petrol surpassed the psychological threshold of 5 RON in most fuelling stations, after the price was once again raised by 4-6 bani (1 RON -100 bani) as of January 1st 2011 following the hike in excise duties. read more...

Czech group CEZ sold by the end of 2010 its shares in the project to conclude works at the Cernavoda nuclear power plant in Romania, a press release of the group reads. read more...

Romania’s electricity consumption rose by 4.7% on the year in 2010, and is estimated to increase by at least 1% in 2011, according to state-owned power grid operator Transelectrica’s (TEL.RO). read more...

The year that has just ended was supposed to play a major role for Romania's energy industry, with huge projects and major reshuffle ideas being launched. Unfortunately, all the plans are still on paper, so that 2011 is practically an extension for the projects scheduled for completion or that were underway in 2010. read more...