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Energy & Environment
Frank Hajdinjak, E.ON Romania: Not enough calculation and selling methods have been developed on the market
Thursday, April 11, 2019
Frank Hajdinjak, the CEO of E.ON Romania, took part in the Energy panel of BR’s Tax & Law Conference on Tuesday and talked about the functioning of the natural market: “After April 1 2017 we saw a price liberalization, not a market liberalization. The acquisition price was affected.” Speaking about OUG 114 and the effects it has in the gas industry players, he said that the main consequences will be not be o the profit side, ...
Rompetrol refinery plans to reach profit in 2019
Thursday, April 11, 2019
Rompetrol Rafinare, the company that operates the largest oil refinery in the country - the Petromidia refinery on Romania’s Black Sea coast, expects to break even and move in the black this year, amid new operational records that will lead to higher sales mainly driven by exports. Rompetrol Rafinare targets USD 5 billion sales, USD 192 million EBITDA and USD 51.2 million net profit from refining and petrochemicals at both refineries, Petromidia ...
Energy security at risk due to lack of investment, says unqualified motion against energy policies
Thursday, April 11, 2019
The opposition National Liberal Party (PNL) has tabled with the Chamber of Deputies an unqualified motion called "SOS energy sector! PSD and ALDE lead Romania to darkness!" that reads the party's concern about the situation in this area, arguing that energy prices have increased, with the country's energy security being at risk mainly due to a lack of investment."PNL is deeply worried about the situation of the energy sector. Energy prices have increased a lot in ...
Rompetrol Rafinare moves to Industry 4.0, on investment estimatated at 4mln US dollars
Thursday, April 11, 2019
Rompetrol Rafinare is close to finalizing the implementation of the first phase of Advanced Process Control (APC), a digital solution with an estimated cost of about 4 million US dollars, which will allow for the improvement of the production activities of the Petromidia Navodari refinery, according to a company report sent on Tuesday to the Bucharest Stock Exchange."It is an important step in the processing of crude oil in Romania, the alignment with ...
Engie-led consortium buys Petrobras’s pipeline unit TAG for USD 8.6 bn
Thursday, April 11, 2019
Engie has won a bid for TAG, the pipeline unit of Brazil’s Petrobras, with an offer of USD 8.6 billion, boosting Engie’s presence on a fast-growing sector and helping Petrobras cut its debts, according to Reuters. Engie’s offer for a 90 percent stake in TAG was made through a consortium that includes Engie and Canada’s Caisse de Dépôt et Placement du Québec (CDPQ). TAG accounts for 47 ...
ENEL ROMANIA APPOINTS VALERIU BINIG AS REGULATORY AND ANTITRUST AFFAIRS DIRECTOR
Thursday, April 11, 2019
Enel Romania appoints Valeriu Binig as Director of the Regulatory and Antitrust Affairs Department Claudia Brandus is moving to Brussels, in the European Affairs Department of the Enel Group Enel Romania appointed Valeriu Binig as Regulatory and Antitrust Affairs Director, while Claudia Brandus, who previously coordinated the regulatory activities, joined Enel ...
Servicii Energetice Muntenia closed the insolvency proceedings
Thursday, April 11, 2019
Electric Power Company announces the closure of the insolvency proceedings of Servicii Energetice Muntenia, part of the Electrica Group. The decision was taken by the Civil Division of the Bucharest Court, which on April 3, 2019, found the closure of the insolvency proceedings. Also, the court ordered all measures for the company’s re-entry into business activity, according to the graft certificate issued on 4 April 2019 by the Bucharest ...
Energy Union ‘completed’, as Commission’s final stocktake debuts
Thursday, April 11, 2019
EU officials are satisfied with how the bloc’s internal energy market has taken shape over the last five years, but will acknowledge in a final stocktake due later on Tuesday (9 April) that energy efficiency and renewables targets still need work. Hundreds of hours of negotiations and nearly five years later, the Energy Union is “completed” according to EU climate boss Miguel Arias Cañete, who told EURACTIV that it is now the ...
The Competition Council started an investigation regarding the possible rigging of bids organized by the Oltenia Energy Unit
Thursday, April 4, 2019
The Competition Council announced on Wednesday that they started an investigation regarding a possible rigging of the bids organized by the Oltenia Energy Unit. ‘The Competition Council started an investigation regarding a possible rigging of some bids organized by the Oltenia Energy Unit for the acquisition of rolls and skates for conveyor belts for coal’ the press release says., The authority suspects that the ...
ANRE: Romania aims renewable energy target of 27.9pct by 2030
Thursday, April 4, 2019
Romania's target for renewable energy sources for 2030 is 27.9pct and we hope that the European Commission accepts a target below the average level of Europe, said Zoltan Nagy-Bege, Vice President of the Energy Regulatory Authority (ANRE), at the WindEurope Conference & Exhibition, in Bilbao."Our number one priority, as a country, is to finalize the Integrated National Energy and Climate Plans and to negotiate with the European Commission the target for ...
Romania must respond EC by May 25 for failing to correctly implement Gas Directive
Thursday, April 4, 2019
Romania was given a postponement to respond to the European Commission regarding the infringement procedure opened in early March for the incorrect implementation of the Gas Directive; the deadline is May 25, said vice-president of the National Energy Regulatory Authority Zoltan Nagy-Bege, attending the WindEurope Conference & Exhibition in Bilbao."An infringement procedure against Romania was voted on March 7 for failing to correctly implement the Gas ...
Commissioner Canete: EC demands that member states eliminate regulated prices
Thursday, April 4, 2019
The European Commission is demanding that the member states open their electricity and gas markets and eliminate regulated prices, with the introduction of some protection measures only for vulnerable consumers, European Commissioner for Climate Action and Energy Arias Miguel Canete told a joint press conference held in Bucharest with Romanian Energy Minister Anton Anton on Tuesday.Canete answered the questions of the journalists who told him that there is no ...
European Commissioner for Energy: BRUA gas pipeline, fundamental for EC, regardless of its route
Thursday, April 4, 2019
The BRUA gas pipeline is fundamental for the European Commission and it is important for the gas to reach Austria regardless of the route to be decided, European Commissioner for Climate Action and Energy Miguel Arias Canete said on Tuesday in Bucharest."BRUA is a fundamental project for the European Commission because it will allow natural gas to reach Hungary and Austria from Bulgaria and Romania. At the moment we are not discussing how the gas reaches Hungary, ...
Power transmission and distribution networks need EUR 10 billion investment
Thursday, April 4, 2019
Electricity transmission and distribution networks needs investments of more than EUR 10 billion to replace infrastructure with an outdated life, according to a press release by the Association of Energy Utilities Companies (ACUE). ACUE believes that the Government’s decision to increase the ROI of invested capital is a message addressed to electricity and natural gas transmission and distribution operators to invest in networks and diversify ...
Reuters: Black Sea Oil & Gas gets Romania gas project permit, but frets over new taxes
Thursday, April 4, 2019
Romanian-based Black Sea Oil & Gas received a construction permit from the country’s energy ministry on Friday for an offshore gas project, but it said new taxes could make it hard to go ahead with the development, Reuters correspondent reports. The company, controlled by private equity firm Carlyle Group LP, discovered two wells holding an estimated 10 billion cubic meters of gas in 2008 some 120 kilometers offshore in the Black ...
Gov't caps gas price only for households and district heating plants
Thursday, April 4, 2019
The government decided at its Friday sitting to amend OUG No. 114/2018 so that the price for domestic gas be capped at 68 lei per MWh only for households and district heating plants that supply heat to households, Energy minister Anton Anton announced at the end of the meeting.OUG No. 114/2018 initially capped the gas price at 68 lei per MWh for both household and industrial consumers.The Energy minister also announced that OUG No. 114/2018 will be ...
Romania pilloried for coal power leniency
Thursday, April 4, 2019
Romania could face legal action after environmental groups lodged a complaint with the EU over allegedly lax penalties against coal power polluters in the Eastern European country, euractiv.com informs. EU rules on industrial emissions say it is up to national governments to decide how to penalise installations that break pollution limits. According to a complaint filed by green groups ClientEarth and Greenpeace Romania, fines ...
Nuclearelectrica will pay almost 120 million dollars to the company General Electric for the maintenance of unit 1 and 2 in Cernavoda
Thursday, March 28, 2019
Nuclearelectrica signed with General Electric Global Services GmbH/GE Global Parts&Products GmbH an agreement for the maintenance and repairs of some of the parts of unit 1 and 2 CNE Cernavoda, worth almost 120 million dollars, according to a report sent on Tuesday to the Stock Exchange Bucuresti. The agreement last for eight years.‘The National Company Nuclearelectrica SA (SNN) informs the shareholders and investors on the signing of an agreement with ...
Government to pay EUR 24 mln to close unprofitable coal mines
Thursday, March 28, 2019
Energy Ministry prepares to pay RON 113 million (EUR 24 million) this year to the two major coal energy producers in Romania, Oltenia and Hunedoara Energy Complexes, in order to finance the closure of uncompetitive coal mines. These amounts are granted on the basis of a European Commission decision approved in December 2010 on state aid to facilitate the closure of uncompetitive coal ...
PATRES: Eliminating the 2% contribution to coal energy producers is a clear discrimination
Thursday, March 28, 2019
Eliminating the 2% contribution to coal power producers represents clear discrimination against other market operators, and this tax should be canceled for everyone, says Martin Moise, vice president of the Organization of Employers for Energy Generation from Renewable Sources in Romania (PATRES). “It is obvious that the removal of the coal-only contribution is a discrimination and it may be state aid. I am ...