about us | newsletter | contact | archive | members area
During the next decade the challenges of the human resources managers will be developing»

Verbund initiates construction of first section of Casimcea wind park

Following an investment estimated at around EUR 300 million, Austrian company Verbund has announced that the electric station at its project in Casimcea, south-eastern Romania, is now completed

December 2011 - From the Print Edition

According to the company’s representatives, Romania delivers the ideal conditions for the development of wind parks, due to the climatic conditions, which are comparable with those along the German coast of the North Sea. The project developed by the Austrian company in Tulcea County is the largest electricity project by an Austrian firm in Romania, and the construction of the first section of the project has started after a development stage of three years.
Verbund, which has global businesses worth EUR 3.5 billion, plans to complete and prepare the wind farm for exploitation by next year. According to the project description submitted to the Romanian Ministry of Environment and Forests, Verbund has joined forces with a local developer in Tulcea to build the 200 MW wind farm. The project will consist of 77 turbines in four groups.
Tulcea is also on the map of the Portuguese company Martifer, which signed a financing agreement worth EUR 23 million with Banca Comerciala Romana (BCR) in April this year for a wind farm of 42 MW in Babadag, in the Dobrogea region. The Babadag project has 20 turbines, split into two groups, of 16 and 4 turbines respectively. Martifer intended to start a wind farm in Babadag in 2007 but disagreements with local authorities caused the project to be postponed until 2010.

There are 0 comments:

Validation Code

0 Comments  |  5302 Views
Daily Info
The absorption rate of EU funds, 78.74pct for the period 2007-2013

The absorption rate of EU funds is calculated at 78.74pct for the period 2007-2013, Minister of European Funds Aura Raducu stated yesterday in a press conference. the Minister...

New country manager appointed at Enel Romania

Enel operations in Romania are set to be led by Georgios Stassis following Country Manager Toni Volpe’s stepping down from his current role to pursue a management position o...

Orange Romania will have a new CEO starting May this year

As of May, the telecom operator Orange Romania will have a new chief executive officer, Liudmila Climoc which currently holds this position at Orange Moldavia.

EBRD increases stake in BVB to 5.12 per cent

The European Bank for Reconstruction and Development (EBRD) has increased its stake in Bucharest Stock Exchange (BVB) to 5.12 pct, through the purchase of 10,000 BVB shares on...

Coface expects Romanian economy to advance 4.2 per cent in 2016

Coface is expecting Romanian economy to advance 4.2 percent with zero contribution from agriculture in 2016, under a basic scenario, Coface Services Director and Senior Econo...







More on News
Competition Council to provide expert advice to Parliament under agreement signed with Chamber of Deputies

Under a Cooperation Agreement initiated on November 23 by Chamber of Deputies' Speaker Valeriu Zgonea and Competition Council president Bogdan Chiritoiu, a Competition Coun...

The law on ten per cent wage increase for government employees, promulgated

In late November, Romania’s President Klaus Iohannis enacted the law approving Government Emergency Ordinance no. 35/2015 on staff salaries paid from public funds, which ...

KMG International to invest 5.6 million Euro in fuel delivery automation

In late November, KMG International, the group that owns Rompetrol Rafinare, announced that until 2018 it will allocate 5.6 million Euro (six million USD) for the moderniza...

14 million Euro Ramada Plaza Craiova cut the ribbon in late November

Four-star Ramada Plaza Craiova, the only Ramada Plaza hotel outside Bucharest, opened its gates in late November after an investment of 14 million Euro, counting 162 rooms,...

Environmental agreements for the construction of four small hydro plants in Tarcu Mountains cancelled by the court

Environmental agreements issued by the Environmental Protection Agency Caras-Severin for the construction of four small hydro power plants (SHP) in the Tarcu Mountains were...

New terminal launched at the airport in Iasi

A new terminal of 3,600 sqm was launched at the beginning of November at the International Airport in Iasi, following an investment of 11 million Euro, airport staff announ...

Skanska sells second office building in Bucharest for 47 million Euro

Skanska sold its Building B office facility of Green Court Bucharest to Globalworth Real Estate Investments Ltd