RSS
Energy & Environment
Romgaz: We are looking at greenfield development of wind and solar projects
Thursday, October 31, 2019
Romanian state-owned gas producer Romgaz is looking at greenfield development of wind and solar projects as it plans to begin producing electricity from renewable sources, Alexandra Posea, investor relations manager at Romgaz, said at BR’s Foreign Investors Summit. She spoked about the current challenges in the local gas market. “The challenges in the gas market are many. One of them is the fact that the gas is on ...
Greenlight for Lukoil Overseas drilling operations in Romanian Black Sea waters
Thursday, October 31, 2019
The Competent Authority for Regulation of Offshore Oil Operations in the Black Sea (ACROPO) has sent Lukoil Overseas its greenlight so the latter may start oil drilling operations in the Trident perimeter of the Romanian Black Sea territorial waters, according to a Facebook post of the institution."In accordance with the provisions of Law no. 165/2016 regarding the safety of offshore oil operations, with the subsequent modifications and amendments, following the ...
Hunedoara Energy Complex asking for insolvency again following huge loss, debts
Thursday, October 31, 2019
Hunedoara Energy Complex, a state-owned company with 4,000 employees, has asked for insolvency on Monday. Despite the state aids the complex had enjoyed over the time, Hunedoara Energy Complex has posted huge losses of over RON 270 million in the first half of 2019 ad debts ...
Hidroelectrica spends EUR 80 mln to refurbish 350MW power plant
Thursday, October 31, 2019
Romania’s state-owned hydropower company Hidroelectrica will totally refurbish its hydropower plant (CHE) Rau Mare - Retezat under a EUR 80 million project, financed from own funds. The plan’s capacity will increase to 350MW after the ...
Gas prices for household consumers could go up about 10pct as of 1 April 2020
Thursday, October 31, 2019
The regulated gas price could increase by about 9-10 percent as of 1 April 2020 if the liberalisation calendar comes into force, the one which the Romanian authorities are drafting, according to some sources in the energy sector.The new liberalisation calendar agreed by the Romanian authorities and the European Commission stipulates that the gas market will be completely liberalised as of 1 April 2021, however, between 1 April 2020 and 31 March 2021, there will be ...
Vast Resources inks bond deal to fund Romania and Zimbabwe mine projects
Thursday, October 31, 2019
* "The bonds provide the required capital to enable the company to bring its two core assets, Baita Plai in Romania and the diamond concession in Zimbabwe, into production." According to www.proactiveinvestors.co.uk,Vast Resources ...
Hidroelectrica inaugurates new 12MW power plant
Thursday, October 31, 2019
State-owned Hidroelectrica, the biggest electricity producer in Romania, announced that it has commissioned a 12MW power plant at Bretea - on Strei river, in Hunedoara county (western part of Romania). This is also the first automated plant, remotely controlled - a technology that will be deployed to each of Hidroelectrica’s 200 hydropower plants in operation. The construction of the Bretea hydropower plant, which started ...
Bankwatch Romania stops expansion of Romania’s largest coal mine
Thursday, October 31, 2019
A Bucharest court blocked the expansion of Rosia de Amaradia, the largest coal mine in Romania located in Gorj county (and operated by coal and power group CE Oltenia), following a legal challenge to the mine's environmental permit lodged by Bankwatch Romania, the environmental organisation announced. In 2016, Complexul Energetic Oltenia (CEO), the largest energy company in Romania, sought to expand the existing 1457-hectare hard coal mine at Rosia by ...
EY Romania: starting with 1 January a contribution will be paid for the non-compliance with the annual obligation of collection of electrical and electronic equipment
Thursday, October 24, 2019
The companies producers of electrical and electronic equipment (EEE) have three months left until the contribution which they pay, at present, for the non-declaration of EEE will turn into contribution for the non-compliance with the annual obligations for collection, draw the attention the specialists from EY Romania.‘The waste from electrical and electronic equipment (EEE) such as computers, television sets, fridges and mobile phones are part of the waste ...
Foreign Affairs Minister speaks, in Brussels, of upgrade projects for Cernavoda Unit 1, building of additional units
Thursday, October 24, 2019
Minister of Foreign Affairs Ramona Manescu participated, on Monday, in Brussels, in the first EU-US high-level forum on small modular reactors, a release of the Ministry of Foreign Affairs (MAE) shows.The forum saw the participation, according to the quoted source, of the European Commissioner for Energy and Climate Action, Miguel Arias Canete and the US Secretary of Energy, Rick Perry, as well as the General Directors of the International Atomic Energy ...
Emma Capital Investment Fund keeps expanding energy portfolio in RO
Thursday, October 24, 2019
Emma Capital Investment Fund, controlled by Czech businessman Jiri Smejc, has taken over a small-sized natural gas distribution and supply firm in Romania through Ligatne, the group’s investment vehicle that also holds local gas distributor and supplier Premier ...
ANRE: Romania's August gas imports up 3.5-fold YoY
Thursday, October 24, 2019
Romania's August gas imports amounted to 2,229,828 MWh, up 3.5-fold YoY from just 625,339 MWh, shows data released by the National Energy Regulatory Authority (ANRE).The ANRE report also includes gas import prices, which averaged at 81.79 lei per MWh in August, compared to 110 lei per MWh for domestically produced gas (35 percent higher).Until this year Romanian gas was far cheaper than import gas, but the situation reversed following OUG No. 114/2018 ...
Reuters: Russia says Bulgaria to complete pipeline stretch of TurkStream by 2020
Thursday, October 24, 2019
Bulgaria has promised to complete its stretch of the TurkStream gas pipeline by 2020 as planned, Russian Foreign Minister Sergei Lavrov said on Monday, trying to tackle scepticism about the timescale of the project. Last month Bulgaria signed a 1.1 billion euros ($1.2 billion) contract with Saudi-led group Arkad to build the 474 km pipeline across its territory. Sofia hopes the whole pipeline, which Bulgaria has dubbed Balkan ...
The price of natural gas falls below the regulated level, to the minimum of the last six months
Thursday, October 24, 2019
The SPOT market of natural gas in Romania operated by BRM recorded the lowest price of the last 6 months, respectively 67 lei per MWh, writes a press release from the commodity market operator. Thus, the price on the spot market of natural gas fell below the regulated price of 68 lei, in line with the decreasing evolution of the last period. According to BRM, on October 20, 300 MWh were traded at the price of 67 lei on the intraday market, and a total ...
The resumption of imports on the Ukrainian route increased by 16% the quantity of gas entering Romania
Thursday, October 24, 2019
Domestic companies increased their gas imports in August by over 16% or 313 GWh compared to July, in particular as a result of resuming gas imports on the Ukrainian route. Most of the gas that entered Romania, over 72%, came from Hungary (1,613 TWh), the firm import capacity from the neighboring state being reserved and used in a 100% ratio, according to profit.ro. In August, 2.23 TWh were imported, 3.5 times more than in August 2018, when 625 GWh ...
Hidroserv is ready for reorganization
Thursday, October 24, 2019
The Transylvania Insolvency House has issued a statement according to which Hidroserv is ready for reorganization. At this moment, the company is in a stable situation of breakeven, following a restructuring process, including that of the personnel, say CITR officials. In this context, the reorganization strategy of Hidroserv SA envisaged by CITR involves the use of surplus assets that do not contribute to the current activity, the continuation of the ...
Transgaz and Gazprom Export extends agreement for natural gas transmission on Romanian territory
Thursday, October 17, 2019
The National Gas Transmission Company "Transgaz" SA and the limited liability company OOO "Gazprom Export" from the Russian Federation agreed to extend their agreement for the natural gas transmission on the Romanian territory by another three months, until December 31 2019.According to a report of Transgaz on last Thursday evening published on the Website of the Bucharest Stock Exchange (BVB), the extension of the agreement allows the natural gas transmission ...
Romania's natural gas market, electricity market to be fully liberalised in 2021, including for household consumers
Thursday, October 17, 2019
Romania's natural gas market will be completely liberalised on April 1, 2021, and that of electricity on July 1, 2021, with regulated prices to be eliminated even for household consumers in order to boost market competition, Vice-President of the National Energy Regulatory Authority (ANRE) Zoltan Nagy-Bege said Monday."There will be a complete liberalisation on April 1, 2021 for gas and on July 1, 2021 for electricity, both on the wholesale market and on the ...
Jan - Aug national energy production down 411,500 tep YoY, household consumption up 20.5 pct
Thursday, October 17, 2019
Both Romania's energy production and electricity exports in the first eight months of the year were lower compared to the same period of 2018, while household energy consumption rose by 20.5 pct, the National Institute of Statistics (INS) said on Friday.The domestic energy output between January - August 2019 totaled 13.429 million toe, down 411,500 toe from the same period last year, while imports amounted to 9.747 million toe.Electricity resources ...
ENEL INAUGURATES KAFIREAS, THE LARGEST WIND FACILITY IN GREECE
Thursday, October 17, 2019
Composed of seven wind farms on the island of Evia, the facility has a total installed capacity of over 154 MW and will be able to generate approx. 480 GWh per year Enel’s investment in the project amounted to around 300 million euros With Kafireas, Enel’s installed capacity in Greece will reach more than 460 MW, of ...