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Romania’s Rețele Electrice România to upgrade Cetate substation in Timișoara

Rețele Electrice România plans to invest about €23.5 million, including VAT, in the Cetate substation in Timișoara. The upgrade will replace ageing equipment and...

Retele Electrice Romania Initiates €12 Million Tender for Distribution Network Modernization

In a significant move to enhance its electricity distribution capabilities, Retele Electrice Romania, a subsidiary of the PPC Group, has announced a tender aimed...

Retele Electrice Romania Allocates €281 Million for Infrastructure Modernization in 2025

In a significant move towards enhancing its electricity distribution capabilities, Retele Electrice Romania has earmarked approximately €281 million for network modernization and digitalization in...

Romania: Retele Electrice launches €13.2 million tender to upgrade Dobrogea electricity network

Retele Electrice Romania has launched a public procurement process for network upgrade works in Dobrogea, with the tender valued at up to 13.2 million...

Romania: Retele Electrice launches €26 million tender to upgrade power grid

Retele Electrice Romania, part of the PPC group, has launched a major public procurement process to acquire advanced equipment for modernizing the national electricity...

Romania: Retele Electrice to install 2 million smart meters by 2025

Retele Electrice Romania, part of the PPC Group, has announced plans to install approximately 2 million smart meters by the end of 2025, marking...

Latest news

BHP moves to end options on eight Serbian exploration licences

BHP has issued termination notices for its Central Timok and Borsko exploration options in eastern Serbia, returning eight licences to Mundoro Capital when the notices take effect. The miner retains separate Trstenik and South Timok agreements, while Mundoro seeks partners to fund drilling on the returned licences.

Centerra proposes nearly C$4.1 million for 9.9% Mundoro stake

Centerra Gold has agreed to buy 12.374 million newly issued Mundoro Capital shares for approximately C$4.08 million (€2.60 million), in a proposed placement that would give it a 9.9% stake. The funding would support Mundoro’s exploration and working capital as it seeks partners for projects in Serbia, but the deal has not closed.

Northstone secures commitments for about EUR1.45 million Serbia placement

Northstone Resources secured commitments for a share placement worth about EUR1.45 million to fund exploration at its Tlamino gold-silver and Timok East copper-gold projects in Serbia. The financing will support drilling and technical studies, not mine construction.

European Energy weighs up to 1 GW complex in Bulgaria

European Energy is evaluating a renewable-energy complex in Bulgaria’s Dobrich region, centred on a wind project of up to 1 GW. The concept also includes solar generation, battery storage and infrastructure for industrial users.

JANAF halts Croatian crude flows after estimated 500 cubic metre spill

Croatian oil-pipeline operator JANAF halted crude transport on part of the Sisak-Slavonski Brod route after pipeline equipment was damaged near Prvca. The spill is estimated at 500 cubic metres.