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Energy & Environment
The total of investments in the sector of electricity for 2019 – 2020 is estimated at almost 14 billion euro
Thursday, August 15, 2019
The total of necessary investment in the sector of electricity for the period 2019 – 2020 is almost 14 billion euro for electricity network being estimated investments of approximately 500 million euro annually until 2030, according to the project ‘ Energy strategy of Romania 2019 – 2020 with the perspective of 2050’ published by the ministry of energy. The costs for electricity networks include projects for ...
Development of offshore deposits in the Black Sea, necessary to avoid increasing dependence on gas imports
Thursday, August 15, 2019
The development of offshore deposits discovered in the Black Sea is necessary to avoid the significant increase of dependence on gas imports and is a sine-qua-non condition to be able to rely on natural gas in the electricity mix, according to the project “Romania’s Energy Strategy 2019- 2030, with the perspective of the year 2050 “, published by the Energy ministry. “In order to avoid significant increases in import dependency, ...
Nuclearelectrica H1 net profit up by almost 60 pct YoY
Thursday, August 15, 2019
Nuclear power producer Nuclearelectrica posted a net profit of 290.661 million lei in H1 2019, by 59.4 percent higher compared to the same period of the year before, shows company financial data sent on Wednesday to the Bucharest Stock Exchange."In the six months ended on June 30, 2019, National Company Nuclearelectrica made a net profit of 290,661 thousand lei. Operating profit (EBIT) was 69.2 percent higher and EBITDA was 31.1 percent up YoY, mainly as a result ...
PwC study:Global energy demand to nearly double in the next 20 years without savings enabled by higher efficiency
Thursday, August 15, 2019
Global energy demand will nearly double in the next two decades in the absence of savings enabled by efficiency gain, according to the study Transforming the energy, utilities and resources conducted by PwC. If these savings were achieved through companies taking advantage of the technological advances in the field, the global energy demand could increase by only 25 percent instead of doubling, the company said. “The energy sector is in the ...
Gov't passes winter programme in energy area
Thursday, August 15, 2019
The Government passed on Monday the winter programme in the energy area, which addresses to all electricity producers, and electricity and heat producers in cogeneration."The Energy Ministry proposed the adoption of the winter programme in the energy area. It addressed to all electricity producers, and producers of electricity and heat in congeneration and is enforceable between 1 November 2019 and 31 March 2020. Under the winter programme, the level of fuel ...
PRIMARY ENERGY RESOURCES DURING 1.I.–30.VI.2019
Thursday, August 15, 2019
During 1.I – 30.VI.2019, primary energy resources increased by 1.4%, while those of electricity decreased by 3.2% as compared to the same period of previous year. The main primary energy resources during 1.I.-30.VI.2019 amounted to 17239.2 thousand tonnes oil equivalent1 (toe), increasing with 241.0 thousand toe as against 1.I.-30.VI.2018. Domestic production amounted to 10178.9 thousand toe, decreasing with ...
Stab: Roof solar installations can save 25-30%
Thursday, August 15, 2019
There are countless ways to save energy, with a direct impact on the pocket and implicitly on the environment, says Engie Romania CEO, Eric Stab. “There are a lot of things that can be done today in a big city. What would it be like to carry out an energy consumption audit, so that we can figure out what and how much is wasted? Look at how many roofs you see from my office window. Solar installations could be installed on many, so as to help the ...
Rompetrol Rafinare, record volume of crude oil processed in the first semester of 2019
Thursday, August 15, 2019
Rompetrol Rafinare, a member company of KMG International, also continued to increase its operational results in the first half of this year based on the strategic investments made in recent years, the company said în a statement. Thus, the total volume of raw materials processed at the Petromidia refinery level exceeded in January-June the threshold of 3.1 million tonnes. ...
Higher budgets for the installation of photovoltaic systems and car purchases
Thursday, August 15, 2019
The “Classic Rabla” program for individuals and the program aimed at installing photovoltaic systems will benefit from additional amounts after the Government decided on Thursday to rectify the budget of the Environmental Fund Administration, the Ministry of Environment informs. The budget for cars “Rabla Clasic” was supplemented by 135 million lei, an amount that represents approximately 20,000 scrapping bonuses, and the ...
Acting anti-graft head Nistor refutes closing solution of Certej cyanide mining project
Thursday, August 8, 2019
The Acting National Anti-corruption Directorate (DNA) head Calin Nistor decided to refute the closing solution issued by the DNA Alba Iulia Territorial Service in the criminal file regarding the Certej cyanide mining project."On 6 August, upon examining ex officio the legality and soundness of the closing ordinance issued by the Alba Iulia DNA Territorial Service, the Chief Prosecutor of the DNA (Calin Nistor - ed. n.) decided to refute the closing solution as illegal and ...
KMG International issues its 2018 Sustainability Report
Thursday, August 8, 2019
KMG International publishes its 2018 Sustainability Report – Inspired by nature, developed according to latest international standards – GRI Sustainability Reporting Standards, marking the fifth consecutive year of non-financial reporting for the Group. The report represents an overview of the Group’s economic, social, environmental and marketplace evolution in 2018, as part of the company’s commitment to transparency and continuous ...
MOL GROUP IS WELL ON TRACK TO MEET OR BEAT ITS FULL-YEAR GUIDANCE
Thursday, August 8, 2019
MOL Group delivered CCS EBITDA of USD 1,15bn in H1, exactly half of the full-year 2019 guidance. Upstream EBITDA slightly decreased but the segment is still the largest free cash flow generator of the Group. Downstream Clean CCS EBITDA was USD 403mn in H1 2019, lower than a year ago due to weaker refinery margins Consumer ...
Building two additional reactors at Cernavoda Nuclear Plant could bring equipment orders worth EUR 3 bn, say industry leaders
Thursday, August 8, 2019
The construction of reactors 3 and 4 of the Cernavoda Nuclear Plant could bring about EUR 3 billion into the local equipment industry, which would represent 40 percent of the total cost projection of the two units, according to Teodor Chirica, the former general manager of Nuclearelectrica and the president of the European nuclear industry association, FORATOM, cited ...
ExxonMobil to exit the Neptun Deep offshore gas project in Romania
Thursday, August 8, 2019
U.S. oil group ExxonMobil has sent a letter informing interested parties about its intention to exit the Neptun Deep offshore gas project in Romania. ExxonMobil could either sell its 50% share of the rights in the Black Sea perimeter or the whole company that has the extraction rights in this perimeter, in which OMV Petrom holds the remaining 50%, could go on sale, according to the confidential letter leaked ...
E.ON inaugurates three other electric charging stations
Thursday, August 8, 2019
E.ON Energia Romania launched three new fast charging stations for electric vehicles last month in Bac?u, as well as at two at Mol petrol stations in Sovata and Gheorgheni, the number of units installed by the company thus reaching eleven. The initiative is part of the NEXT-E project, co-financed by European funds, through the Connecting Europe Facility (CEF) program, through which E.ON Energie Romania is set to install a total of 19 units for fast charging of vehicles, other 21 to be ...
PATRES: AFM program for subsidized photovoltaic panels, discriminatory
Thursday, August 8, 2019
The last-minute changes to the Program Financing Guide on the installation of photovoltaic panels for electricity generation affect the potential beneficiaries, who are the active and productive blanket of the population and who should be the target audience of the AFM program. Thus, they risk being excluded from financing, warned the employers association of small renewable energy producers PATRES. “We believe that the application of this profoundly discriminatory change will ...
The hydro energy production of Romania increased by 21.2% last year
Thursday, August 1, 2019
The production of hydro energy of Romania increased by 21.2% last year, as compared to 2017, getting to 4 million tons equivalent petrol (tep) according to a report made by the British company BP at world level.The biggest producer of hydro energy of the EU was Finland with 14.5 tep, more by 30.5% against the previous year. There follows Sweden with 14 tep (dropping by 4.7%) and Italy with 10.4 tep ( up by 33%).At world level, the production of hydro energy ...
Transgaz and the Japanese corporation Itochu signed the agreement memorandum for collaboration in big projects in the domain of gas
Thursday, August 1, 2019
Transgaz and the Itochu corporation of Japan signed an agreement memorandum for collaboration in big projects in the domain of natural gas – the GNL terminal in Alexandroupolis, the Whitestream pipeline, the terminal GNL Krk as well as national projects in the domain of energy, says Transgaz. The memorandum, valid for two years, Romgaz to joint as well, was signed with the intention of Transgaz to extend its activity in the sector of ...
Energy Ministry: Negotiations for units 3 and 4 will be completed until the end of the year
Thursday, August 1, 2019
Negotiations for the construction of Units 3 and 4 from Cernavoda will be completed this year. If talks do not yield positive results, Nuclearelectrica will build the reactors alone, said energy minister Anton Anton on Monday at a press conference. Nuclearelectrica is negotiating the erection of Units 3 and 4 from Cernavoda with China General Nuclear Power Corporation with which they signed the Investors' Accord in ...
Hidroelectrica organizes for the third time tender to upgrade Vidraru installations
Thursday, August 1, 2019
Five participants entered the race for Vidraru, Hidroelectrica announced on Tuesday. The 82.15 million euro contract will be auctioned for the third time. The participants are : Voith Hydro Gmbh & Co KGAustria, Romelectro Litostroj Engineering, GE Hydri=o France SAS – Elecnor, Grid Solutions Romania, Gulsan Insaat Sanayi Turizm Nakliyat Ve Ticaret Association, Zhefu Holding Group. The evaluation commission will analyse and ...