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Energy & Environment
Vast Resources starts drilling at Baita Plai mine in Romania
Thursday, January 9, 2020
UK-based Vast Resources said on Monday that it has commenced the drilling programme at its Baita Plai polymetallic mine in central Romania. The results of the drilling programme will be used to further define the grades and resource and will support the process of confirming a Joint Ore Reserves Committee (JORC) - compliant resource at Baita Plai, Vast resources said in a press release. On December 16, Vast ...
Regulated tariffs for electricity delivered to household consumers don't change as of 1 January
Thursday, January 9, 2020
The level of regulated tariffs for electricity delivered to household customers by the final suppliers will not change as of 1 January 2020, a release of the National Energy Regulatory Authority (ANRE) sent on Monday informs."The main issue on today's meeting agenda of the Regulatory Committee of the National Energy Regulatory Authority was the approval of the regulated tariffs for electricity implemented to household consumers by the final suppliers. Following ...
State aid scheme to support industrial consumers through CO2 emission certificates, approved
Thursday, January 9, 2020
The Government approved a draft emergency ordinance establishing a state aid scheme to support industrial consumers in 15 areas through CO2 emission certificates, Minister of Economy, Energy, and the Business Environment Virgil Popescu said on Friday."The Emergency Ordinance on the amendment of Ordinance 115 of the Environmental Fund [GEO 115/2011] and the establishment of a state aid scheme (...) has been approved today. Basically, it is divided into two parts - ...
Hidroelectrica hires EY to advise in bid for CEZ assets
Thursday, January 9, 2020
Romanian state-controlled hydropower company Hidroelectrica has hired the consulting firm Ernst&Young (EY) to advise it in placing a bid for assets put up for sale by CEZ Romania, sources for the capital market ...
Govt. avoids squeezing cash out of state energy companies
Thursday, January 9, 2020
The representatives of the Romanian Government voted against the distribution of special dividends from the cash reserves of hydropower company Hidroelectrica and confirmed that they would do the same in the case of nuclear power producer ...
PM Orban: Liberalisation of electricity, natural gas market won't take place as of 1 January;there will be a transition period
Thursday, December 19, 2019
Prime Minister Ludovic Orban has stated that the liberalisation of the electricity and natural gas market won't take place as of 1 January 2020, but there will be a transition period of 6-9 months.He brought to mind that he has scheduled a meeting with representatives of the parties supporting the Government in Parliament in order to discuss the draft law repealing the "harmful" articles of Gov't Emergency Ordinance (OUG) No.114 and amending others."In ...
ANRE wants to increase electricity distribution tariffs by up to 7.5%
Thursday, December 19, 2019
Electricity distribution tariffs, which represent about 30% of the final bill, could increase in the whole country by up to 7.5%, as of January 1, 2020, according to some sort of projects initiated by the National Energy Regulatory Authority – ANRE. The highest price surge, of 7.5%, is allocated to the distribution in Oltenia, where the new tariff will be of 122.92 lei per MWh, for the distribution of electricity in the low voltage network, ...
Ukrainian, Romanian pipeline operators sign deal on gas transit
Thursday, December 19, 2019
The Ukrainian and Romanian national gas pipeline operators have signed an interconnection agreement to allow gas supplies from Turkey and southern Europe to Ukraine and Moldova, the Ukrainian company said on Wednesday quoted by Reuters. Ukraine is in talks with Russian gas producer Gazprom ...
Hidroelectrica signs 5.4 mln lei (1.2 mln euro) deal for electric station upgrade
Thursday, December 19, 2019
Romania's Hidroelectrica said it has signed a 5.37 million lei ($1.3 million/1.2 million euro) contract with TIAB Bucuresti for the upgrade a 110 kV electric station at Bradisor hydro power plant. Modernization works are to be completed by the end of 2020 and will be financed from the company's own sources, Hidroelectrica said in a press release on Tuesday. TIAB will provide repair services and will install new equipment at ...
E.ON invests EUR 90 mln in electricity, gas distribution operations in Romania
Thursday, December 19, 2019
Delgaz Grid, the natural gas and electricity distribution company of the German group E.ON in Romania, carried out investments in amount of RON 428 million (over EUR 90 mln) this year, most of the funds being used to modernize the electricity and natural gas distribution networks, the group announced. The money was enough for upgrading part of the existing networks while network expansion was only marginal. Delgaz Grid ...
OMV Petrom buys stake in Bulgarian offshore project from parent company
Thursday, December 19, 2019
Romanian oil and gas group OMV Petrom, controlled by Austrian group OMV, will take over OMV’s stake and replace it as a member of the consortium that operates the offshore perimeter of Han Asparuh in the Bulgarian Black Sea section, according to sources from the oil and gas industry. The company has not yet reported the deal on the Bucharest Stock Exchange. OMV Petrom will ...
Romgaz informs Spain's Embassy about delays registered by Duro Felguera in construction of power plant in Iernut
Thursday, December 19, 2019
Romgaz informed Spania's Embassy about the delays registered by Duro Felguera company, which is building a new gas power plant in Iernut, in consortium with Romelectro, representatives of the gas producer said."Spain's Embassy has been announced in relation to this situation. Romagaz management is carrying out all the efforts so that the project be completed as quickly as possible," officials with the company stated.Two days ago, the Board of ...
CE Oltenia asks emergency loan from Treasury
Thursday, December 19, 2019
State-owned coal and power complex CE Oltenia, Romania’s second-largest energy producer, has reportedly applied for a RON 1.1 billion (EUR 230 million) emergency loan from the Finance Ministry to be disbursed by the State Treasury from own reserves, according ...
Primary energy resources up 2pct in January-October
Thursday, December 19, 2019
During 1.I – 31.X.2019, primary energy resources increased by 2.0%, while those of electricity decreased with 4.2% as compared to the same period of previous year. Primary energy resources increased by 2 per cent, in the first ten months of the current year, and electricity decreased by 4.2 per cent, against the same period of 2018, according to data released by the National Institute of Statistics (INS) . The ...
ENEL CHIEF FINANCIAL OFFICER NAMED CO-CHAIR OF U.N. GLOBAL COMPACT’S CFO TASKFORCE FOR SDGS
Thursday, December 19, 2019
Enel Chief Financial Officer Alberto De Paoli was named Co-Chair of the United Nations Global Compact’s CFO Taskforce, the first-ever global initiative involving CFOs with the aim to start a dialog among business leaders to promote sustainable corporate finance and scalable investments in pursuit of the UN Sustainable Development Goals (SDGs), the company informs în a press release sent to ACTMedia. The CFO Taskforce, which was kicked ...
Romgaz wants a 300 million euro methanol plant of and new wind farms
Thursday, December 19, 2019
Romgaz plans to invest towards diversifying the company, one of the main objectives being a methanol plant of about 2-300 million euro, says the company’s general manager, Adrian Volintiru. He told energynomics.ro that the new government has not yet asked the company for additional dividends. “In addition, the new minister supports our investment policy,” he said. The methanol ...
Energy Minister: By clearing barriers in Ordinance 114 we want to create free market mechanisms
Thursday, December 19, 2019
The authorities want, by removing the barriers brought by GEO 114, to create the free market mechanisms through which the prices in the energy market are self-regulated, said Economy Minister Virgil Popescu. “The fact that we have the Oltenia Energy Complex, which has a very high cost of CO2 certificates, brings the price in the market up and obviously all the producers line up and go up. Who suffers? The industrial customers, the competitiveness ...
Six priorities for ANRE in 2020
Thursday, December 19, 2019
On December 4th, the energy community in Romania celebrated the results of the industry at the 7th edition of the Energynomics Awards! At the opening of the Gala, Zoltan ...
João Manso Neto, CEO EDP Renewables : A combination of CfD and PPAs would boost Romania’s appeal for foreign investment
Thursday, December 19, 2019
For ten years, EDP Renewables has been strongly committed to contributing to the gradual growth of renewable energy in Romania. These efforts are not simply a matter of being green or not, but rather an endeavor to ensure that regulatory conditions are met. Furthermore, they also offer an economic solution for the economy as a whole, as well as for the sustainable development of local communities. energynomics.ro conducted a short interview with Mr. João ...
Ciolos: Europe’s Green Deal is an opportunity for renewal and reinvention
Thursday, December 12, 2019
The Green Deal communication by the European Commission is a priority initiative which must mark the opening chapter for a transformational project. The aim of this project is to deliver prosperity and a brighter, cleaner future for our continent, writes Dacian Ciolos for euractiv.com. Dacian Ciolosis the president of Renew Europe, the third-largest political group in the European Parliament. The concept bears the ...