Romania: INVL Renewable Energy...

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on...

Croatia: Summary of Guarantees...

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold...

Bulgaria: TPP Maritsa 3...

Bulgarian thermal power plant Maritsa 3 reported a net loss of €2.7 million...

Bulgaria: Bobov Dol thermal...

The Bulgarian thermal power plant Bobov Dol posted a net profit of approximately...
Supported byClarion Energy
HomeSEE Energy NewsRomania: Court suspends...

Romania: Court suspends environmental permit for nearly completed Rastolița hydropower power plant

The Cluj-Napoca Court of Appeal has issued a temporary suspension of the environmental approval for Hidroelectrica’s Rastolița hydropower project, despite the facility being over 90% complete and scheduled to begin operations in November. The ruling is not yet final and is part of an ongoing legal dispute.

Romania’s Minister of Energy, Sebastian Burduja, commented on the development, noting that the broader case seeking annulment of the environmental permit is still under review, with a hearing set for late June. He expressed confidence that the government would prevail, enabling the project to move forward without further interruption.

Hidroelectrica has faced multiple legal challenges between 2019 and 2024 from environmental organizations such as Declic and Bankwatch. These proceedings have caused repeated delays in the completion of the Rastolița plant. According to official estimates, the postponements have led to an annual loss of approximately 317 GWh in electricity production. This translates into about €190 million in missed revenues for Hidroelectrica and an additional €253 million in costs for the Romanian Government, which was forced to compensate for the shortfall through expensive electricity imports.

The total estimated economic impact of the delays now stands at roughly €443 million, highlighting the significant consequences of prolonged legal and regulatory uncertainty in the energy sector.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on renewable energy projects, has obtained a €29.3 million loan from Kommunalkredit Austria to finance the construction of a 71 MW solar power plant in Dolj County,...

Croatia: Summary of Guarantees of Origin auctions for electricity held on 29 July

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold in auctions organized by HROTE and ENNA Next. These auctions were conducted in five parallel sessions via CROPEX’s IT trading platform, covering GOs from wind, biogas,...

Bulgaria: TPP Maritsa 3 narrows loss to €2.7 million in first half of 2025

Bulgarian thermal power plant Maritsa 3 reported a net loss of €2.7 million in the first half of 2025, a significant improvement compared to a €11.5 million loss during the same period in 2024. The company’s total revenues fell to...
Supported byVirtu Energy
error: Content is protected !!