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Energy & Environment
Elcen: We do not know how we will pass though the winter
Thursday, October 17, 2019
There is no clear vision of investments in the energy sector and it is not known how we will spend this winter, given that Electrocentrale Bucure?ti (Elcen), the producer of heat and hot water in the Capital, has been in a critical situation for several years, said, on Monday, Claudiu Cretu, the special administrator of the company. “The energy sector is, as a whole, like a boat, like a ship. If we forget that on the upper floors there are some ...
PATRES calls on AFM to urgently resume the program for the installation of photovoltaic panels
Thursday, October 17, 2019
The Employers’ Organization of the Renewable Energy Producers in Romania – PATRES calls on the management of the Environmental Fund Administration (AFM) to urgently resume the financing program regarding the installation of photovoltaic panels for electricity production, in order to cover the consumption needs and deliver the surplus in the national network for natural persons (prosumers), according to a statement. “If the ...
There are at least one million vulnerable consumers of energy and gas in Romania
Thursday, October 17, 2019
There are at least one million vulnerable energy and gas consumers in Romania, if not millions, and their definition can be achieved by the end of the year, said Zoltan Nagy-Bege, vice president of the National Energy Regulatory Authority (ANRE), on Monday. “We no longer have to provide general aid regardless of whether those consumers need it or not, but these aids to be targeted at consumers that really need it, which is done by correctly ...
WindEurope: Romania will install just 200 MW of onshore wind by 2023
Thursday, October 17, 2019
Romania will install new capacities of wind farms worth just 200 MW between 2019 and 2023, according to a new report of WindEurope, and all of it will be onshore. At the end of 2023, Romania will have a total installed capacity of 3,229 MW in wind farms. There are, however, a lot of countries with less new projects than Romania installed in the mentioned period. For example, The Czech Republic will install 63 MW, Switzerland- 86 MW, while Bulgaria, ...
Schneider Electric: Romania needs huge investements in infrastructure, equipments and solutions
Thursday, October 17, 2019
Romania has very old equipment that needs to be replaced, and the network must be ready for digitalization, says Marius Per?inaru, country president of Schneider Electric Romania & Republic of Moldova. Total energy consumption is increasing, and investments need to be growing to meet the energy demand and efficiency needs of current units, he says. ”Think about how much of the consumption based on traditional energy sources is moving towards ...
The EC requires Romania to comply with its reporting obligations in the field of waste
Thursday, October 17, 2019
The European Commission announced Thursday that it has sent letters of delay to 15 EU member states, including Romania, which asks them to comply with their reporting obligations, according to EU waste laws, a statement said. EU waste legislation requires member states to report data to the Commission. To date, a number of 15 Member States have not fulfilled their obligations under various laws, including the Waste Directive for electrical and ...
Nuclearelectrica, Falcon Consortium sign MoU on development of 'Alfred' 4th generation reactor
Thursday, October 10, 2019
The National Company Nuclearelectrica SA (SNN) and the Falcon Consortium made of Ansaldo Nucleare, ENEA and ICN, last week signed a Memorandum of Understanding on cooperation for the development of the 4th generation reactor, 'Alfred', Nuclearelectrica announced on Monday."The purpose of this Memorandum is to establish a cooperation framework between the parties regarding pre-project works and the research and development activities to be implemented for the ...
OMV Petrom reports new gas discovery in Oltenia, South Romania
Thursday, October 10, 2019
OMV Petrom, the largest oil and gas producer in Southeastern Europe has discovered new hydrocarbon resources in Oltenia region (Gorj county), the company says în a statement. “Over the years, the Totea gas field has been one of the main contributors in our portfolio. As with any oil and gas field, Totea has started to decline after the end of the plateau production level in 2017. The discovery of additional resources in the proximity of ...
ENEL SIGNS FIRST CREDIT LINE LINKED TO UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS
Thursday, October 10, 2019
Enel S.p.A. (“Enel”) has signed with UniCredit S.p.A. (“UniCredit”) its first revolving credit line linked to the achievement of the UN Sustainable Development Goals (SDGs), an “SDG-Linked” loan agreement in the amount of 1 billion euros with a 5-year term, the company înforms. “With this innovative credit line, we are progressing along our sustainable finance path linked to the achievement of the ...
Reuters: Eurohold signs deal to acquire CEZ's Bulgarian assets for 335 mln euros
Thursday, October 10, 2019
Bulgarian holding company Eurohold has signed a deal to buy the Bulgarian assets of Czech utility CEZ for 335 million euros ($377.9 million), it said on Thursday, Reuters reports. Eurohold, active in insurance and asset management, entered exclusive talks in April to acquire CEZ’s assets in the Balkan country including a power distributor that provides electricity to more than 3 million Bulgarians. The company plans to ...
Romania to double gas storage capacity to 50% of annual consumption
Thursday, October 10, 2019
Romania’s energy market regulator ANRE passed a series of regulations that will result in investments worth over RON 16 billion (EUR 3.36 billion) made by power and natural gas companies over the next five years, ANRE president Dumitru Chiri?? announced at an energy conference on Monday, October 7. The investments will go into gas and electricity transport and distribution infrastructure and in increasing Romania’s natural gas storage ...
Transelectrica gets EU funds for better integrating wind farms
Thursday, October 10, 2019
Romania’s power grid operator Transelectrica, on Thursday, October 3, signed an EU financing contract worth EUR 33.43 million for the construction of the 400 kV Gutinas - Smardan Air ...
Thermal power plants cut the profitability of the state owned energy sector
Thursday, October 10, 2019
For the fourth year in a row, energynomics.ro offers an analysis of the financial performances of the energy companies that are subordinated to the Government. Compared to the previous year, we observe that in 2018 the tendency of reducing the number of employees in the 24 monitored energy companies has accelerated (-7.37%, compared to -4.29%). In total, the companies analyzed reached the end of 2018 with just over 41,000 employees, in total, by 30% less than at the end of ...
10 years in Romania: EDP Renewables is highly committed to ecological transition and its local communities
Thursday, October 10, 2019
On October 10, EDP Renewables in Romania will celebrate its anniversary event to mark the journey undertaken by EDP Renewables 10 years ago in Romania. On this occasion, top representatives from the company will present a review of the group’s involvement in the Eastern European country, talk about important moments that shaped its activity and discuss the future of investment projects at both the domestic and European ...
Just Transition toward a green economic model in Romania and Central and Eastern Europe
Thursday, October 10, 2019
* 10th October 2019, 18.00-20.00, TechHub Bucharest, Nicolae Filipescu street, no. 39-41 The transition to a net zero economy in Europe is no longer a mere possibility: it is bound to happen if we want to avoid the worst impacts of climate change. The choice societies are facing is whether they remain reactive, risking disruptive changes, or whether they proactively shape the transition. Limiting global heating to 1.5 degrees will require ...
Greenpeace Romania requires the ministry of energy real consultations for the plan for energy and climate 2021-2030
Thursday, October 3, 2019
The National Integrated plan in the domain of energy and climate changes 2021 – 2030 (PNIESC) does not present a concrete schedule for the elimination of the production on coal and does not approach the complicated situation of the mono-industrial communities which depend on the manufacture of fossil fuels – say the representatives of the organization Greenpeace Romania.‘With a ministry of energy without a minister, Romania ignores the ...
Electrica in talks to take over gas supplier from Czech billionaire
Thursday, October 3, 2019
Romanian electricity distribution and supply group Electrica, whose biggest shareholder is the Romanian state with a 49% stake, is reportedly negotiating for the takeover of gas supply company Premier Energy, owned by the Czech billionaire Jiri Smejc. Talks are held in Prague, sources familiar with the negotiations told ...
Oltenia Energy Complex: Romania may request EU money to replace coal, same as Germany, Poland
Thursday, October 3, 2019
Romania has to make a cost assessment of coal replacement for energy production and for industrial and professional conversion in Gorj and Jiu Valley and to request in Brussels European funds to make this transition, in the context in which Germany and Poland have asked for 40 billion euro in this regard, Sorin Boza, general manager of the Oltenia Energy Complex, said.Asked how he sees the idea stated by the Secretary of State of the Ministry of Energy, Doru ...
Transgaz inaugurates Natural Gas Compression Station in Jupa, Caras-Severin, first objective under BRUA
Thursday, October 3, 2019
Transgaz inaugurated the Natural Gas Compression Station in Jupa, Caras-Severin County, the first investment objective achieved under the BRUA project (National Gas Transmission System on the Bulgaria-Romania-Hungary-Austria corridor), which was on the list of European Union projects of common interest, being needed for the diversification of the gas sources in the community countries."Overall, the BRUA project is a major project not only for the region, for ...
Romania may become gas hub following deal between Transgaz and Austrian CEGH
Thursday, October 3, 2019
Romanian gas transmission company Transgaz informed its shareholders and investors on Tuesday that it has signed a deal with Austrian Central European Gas Hub AG (CEGH) to cooperate for the establishment of a Romanian Gas Hub, a joint venture to operate the Romanian Virtual Trading Point.The Cooperation Agreement was signed by Mr. Ion Sterian, Director General, on behalf of Transgaz SA Romania and by Mr. Gottfried Steiner, CEO of Central European Gas Hub ...