Investment

Displaying 1 - 15 of 15
  • 11 Oct 2016- 07:13 by OOSKAnews Correspondent BUCHAREST, Romania Romanian Energy Minister Victor Grigorescu announced last week that his ministry is again considering abandoning the $1.34 billion USD Tarniţa-Lăpuşteşti hydropower plant and replacing it with several small, pumped-storage hydropower
  • 2 May 2016- 11:30 by OOSKAnews Correspondent BUCHAREST, Romania Romania’s Energy Ministry has proposed suspending the $1.2 billion USD Tarniţa hydropower project over concerns about the value for money spent so far. Some $4.03 million USD has been invested in the project since 2013 for studies,
  • 2 Feb 2016- 10:24 by OOSKAnews Correspondent BUCHAREST, Romania Work on the $1.2 billion USD project to upgrade the Tarniţa-Lăpuşteşti hydropower plant project in Romania’s Cluj County will be delayed by a year, according to Ion Badea, general manager of Hidro Tarniţa SA, the company managing the
  • 13 Aug 2015- 10:14 by OOSKAnews Correspondent BUCHAREST, Romania Hidro Tarnita SA, the company managing Romania’s Tarnita-Lapustesti hydropower facility, announced this week that it has pre-qualified three potential investors for the project. The three consortiums are: China Gezhouba Group Company
  • 12 Jun 2015- 10:02 by Local Press Report BUCHAREST Romania-Insider The European Commission has started a new infringement procedure against Romania because of some micro hydropower plant projects in protected areas, on the Dejani-Lupsa and Vistisoara rivers in Fagaras Mountains, according to WWF
  • 10 Apr 2015- 11:24 by OOSKAnews Correspondent BUCHAREST, Romania Romania is looking to international financial institutions to fund its $1.1 billion USD Tarnita-Lapusesti hydropower project in Cluj County, a project official said. “There is an interest by international financial institutions; they
  • 13 Mar 2015- 10:50 by OOSKAnews Correspondent BUCHAREST, Romania The short list of bidders for the $1.1 billion USD Tarnita-Lapusesti hydropower project in Romania’s Cluj County could be made public in the next two weeks, according to Ovidiu Demetrescu, general manager of the project company Hidro
  • 5 Feb 2015- 10:03 by OOSKAnews Correspondent BUCHAREST, Romania Five companies have submitted offers for the $1.1 billion USD Tarnita-Lapusesti hydropower project in Romania’s Cluj County, according to Hidro Tarnita Company, the project operator. “Five companies have filed preliminary offers for
  • 12 Jan 2015- 10:34 by OOSKAnews Correspondent BUCHAREST, Romania Romania’s $1.2 billion USD Tarnita-Lapusesti hydropower project in Cluj County has been delayed for a second time. Investors now have until January 30th to file participation documents. Representatives of Hidro Tarnita, the project
  • 13 Nov 2014- 10:22 by OOSKAnews Correspondent BUCHAREST, Romania Romanian Prime Minister Victor Ponta said last week that the country was postponing shale gas exploration activities, and claimed that there may not in fact be any shale reserves in Romania after all. He told the Antena 3 news station
  • 3 Sep 2014- 10:01 by OOSKAnews Correspondent BUCHAREST, Romania The Department of Energy in Romania’s Economy Ministry is offering a number of tax breaks to Hidro Tarnita, the operator of the Tarnita-Lapustesti hydropower project in Cluj County, in a bid to attract investors to the $1.3 billion USD
  • 27 Nov 2013- 10:29 by OOSKAnews Correspondent BUCHAREST, Romania US oil giant Chevron has halted plans to explore for shale gas in the village of Pungesti in Romania’s Vaslui County, but still plans to drill an exploratory borehole in the village of Gagesti, despite the objections of local
  • 13 Nov 2013- 10:28 by OOSKAnews Correspondent BUCHAREST, Romania The local council of Pungesti village in Romania’s Vaslui County has banned shale gas extraction in the wake of protests by villagers concerned that hydraulic fracturing could potentially contaminate their drinking water sources. The
  • 5 Nov 2013- 10:14 by OOSKAnews Correspondent BUCHAREST, Romania Despite ongoing protests from environmentalists and local residents concerned about possible water and environmental contamination, more Romanian politicians came out in support of shale gas exploration and gold mining projects last
  • 8 Oct 2013- 10:00 by OOSKAnews Correspondent BUCHAREST, Romania Oil giant Chevron has received a permit for its first shale gas exploration borehole, to be drilled in Pungesti, a village in Romania’s Vaslui County. The documents necessary for the permit were filed last winter. Several times this