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Energy & Environment
The Joint Investment Fund by KazMunaiGas and the Romanian Government should be ready soon
Thursday, October 4, 2018
The Joint Investment Fund made by KazMunaiGas International (KMGI) and the Romanian Government should be set up soon, according to the state secretary in the Ministry of Energy Robert Tudorache quoted by http://business-review.eu. The fund was first announced in 2013 when the Memorandum of Understanding between KMGI and the Romanian state was signed. A delegation of officials from the Romanian Government and several representatives of Romanian energy ...
Romania joined the initiative to use hydrogen as energy source, a project of Austria
Thursday, September 27, 2018
The minister of energy Anton Anton signed for Romania ‘ the Initiative of Hydrogen’ which was launched by Austria and which means the development of research and innovation in the domain of technology of the use of hydrogen as a source of energy in the future, announced on Friday the minister. The technology of hydrogen use can be used in the domain of electricity storage, fuels in transport and industry, and through the signing of the ...
Ponta charges Liviu Dragnea of ‘high treason’ related to the offshore law
Thursday, September 27, 2018
Former social-democrat (PSD) leader, currently Pro Romania chairman, Victor Ponta, accused current social-democrat chair Liviu Dragnea of high treason, as the form of the offshore law adopted by the Senate on Monday will lead to losses of USD 10 billion in royalties and taxes for Romania, romaniajournal.ro reports. “What Dragnea is doing is high treason, however he will have lots of accomplices in the Chamber of Deputies when the vote comes, ...
Transelectrica joins TSCNET Services as 15th shareholder
Thursday, September 27, 2018
Romania's national power grid operator Translectrica anounces its affiliation as a shareholder of TSCNET Services, with its headquarters in Munchen, one of the Regional Security Coordinators (RSC) for the European network of energy transportation.According to a press release sent by the company on Monday, the Romanian operator and transport system is the 15th shareholder of TSCNET."As shareholder, Transelectrica can now get actively involved in further ...
European companies face taxes on fuel 18% higher than world average. Romania is above the global indicator
Thursday, September 27, 2018
European companies face taxes as a percentage of the price of fuel on average 18% higher than the world average, putting them at a serious disadvantage and potentially risking economic growth, shows a new study by UHY, the international accounting and consultancy network, romaniajournal.ro informs. UHY explains that on average taxes comprise 59% of the cost of the price of petrol and 52% of the cost of the price of diesel, compared to the global ...
Eurostat: Romania ranks 7th in EU according to share of renewable energy consumption in 2016
Thursday, September 27, 2018
Romania ranks 7th among the European Union member states in terms of the share of renewable energy sources in gross final consumption in 2016, according to data released on Friday by the EU's statistics office Eurostat.The highest share of renewable energy sources in gross final energy consumption in 2016 was recorded in Austria (72.6 percent), Sweden (64.9 percent), Portugal (54.1 percent), Denmark (53.7 percent), Latvia (61.3 percent), Croatia (46.7 percent) and ...
Hidroelectrica to spend EUR 800 mln by 2020 to upgrade and refurbish its power plants
Thursday, September 27, 2018
Hidroelectrica will have an investment budget of over EUR 800 million by 2020 to upgrade and refurbish the power plants currently in operation, according to the 2018-2030 Energy Strategy of Romania, http://business-review.eu informs. Also, the investments necessary for the completion by 2030 of the complex hydro-energetic facilities, optimized according to the current requirements, ...
Energy Ministry releases Romania’s energy strategy for 2018-2030 in view of 2050
Thursday, September 27, 2018
The Energy Ministry has posted on its website, on Thursday, the draft Energy Strategy of Romania for 2018-2030 in view of 2050, document to be approved by Government decision after receiving the environment opinion, ministry sources say quoted by romaniajournal.ro. Energy Minister, Anton Anton, said that “Romania’s development and increase of economy competitiveness, increase in quality of life and the protection of the environment ...
Richard L. Morningstar: The 3 Seas Initiative for a competitive gas market in CEE
Thursday, September 20, 2018
The current geopolitics of energy in the CEE region displays a spectacular clash of three or even four rival grand narratives, as a local reflection of a multipolar world. The Energy Union (EU), the 3 Seas Initiative (US), the Greater Powerness (Russia), and the One Belt, One Road Initiative (China). In order for decisions to be made, understanding these grand narratives is a critical prerequisite, not only for Romania, but for all states caught in between. energynomics.ro ...
ENEL GREEN POWER STARTS CONSTRUCTION OF NEW 100 MW WIND FARM IN MEXICO
Thursday, September 20, 2018
? Amistad II, located in Coahuila, is expected to start operation in 1H 2020 and, once fully operational, will be able to generate around 350 GWh annually ? The overall investment in the construction of the wind farm amounts to approx. 115 million US dollars. The Enel Group, through its renewable subsidiary Enel Green Power Mexico, has begun the ...
KMG International launches a scholarship program of USD 100,000
Thursday, September 20, 2018
KMG International launches the call for 100 scholarships for high-school and university students with high academic grades, from Bucharest, Constanta and Prahova, who aim at developing a career in the oil & gas industry. The applications can be submitted via the company’s website by October 15, ...
Romania, elected Vice-President of IAEA's 62nd General Conference
Thursday, September 20, 2018
Romania was elected on Monday as Vice-President of the 62nd General Conference of the International Atomic Energy Agency (IAEA) - the most important decision-making body of the Organisation - that takes place between 17 and 21 September in Vienna, a release of the Foreign Affairs Ministry informed.The office will be exercised by Romania's permanent representative to the international organisations in Vienna, namely Ambassador Calistrat Istrate, the MAE release ...
European Commissioner Cretu: Valea Jiului is receiving special attention under initiative supporting coal regions
Thursday, September 20, 2018
European Commissioner for Regional Policy Corina Cretu stated on Thursday in Petrosani, on the occasion of the conference "Romanian Coal Regions in energy transition," that Valea Jiului is receiving a special attention under an initiative meant to support coal regions, a project seeking alternative solutions to mining areas.She showed, during the debates, that Valea Jiului is one of Europe's mining regions with the most employees, mentioning also that the projects ...
The regulated profitability rate of electricity dealers will drop to 5.66 percent from 7.7 percent in 2019
Thursday, September 20, 2018
The regulated profitability rate (RRR) of electricity distributors will drop to 5.66 percent as of January 1, 2019, according to a press release of the National Regulatory Authority for Energy (ANRE), cited by Agerpres, http://business-review.eu/ informs. Currently RRR is 7.7 percent, according to ANRE Order 146 of 2014. “The approved RRR to be applied from January 1, 2019 is 5.66 percent, expressed in ...
Speaker Dragnea: Offshore law, to be adopted in three weeks, regardless of pressures
Thursday, September 13, 2018
Deputies Chamber Speaker Liviu Dragnea stated on Sunday evening that he had a tense discussion with the representatives of OMV and Exxon who have told him that only after seeing the final shape of the offshore law will they make the decision whether to continue investments in the Black Sea or not.Dragnea said the law will be adopted in three weeks, adding that no matter what pressures are put on him and the party. MPs will not give in."The OMV CEO came ...
Reuters: OMV optimistic on approving billion euro investment in Romania soon
Thursday, September 13, 2018
Austria’s OMV is confident Romania will establish an acceptable framework for its Black Sea exploration project in the autumn and that it will be able to give the green light for a billion euro investment soon after, its upstream chief said quoted by Reuters correspondent în Vienna. The exploration of the Black Sea Neptun block is a joint venture between OMV’s Romanian subsidiary Petrom and U.S. major ExxonMobil and includes the first ...
Romania needs to invest EUR 10 bln to upgrade its electricity distribution network
Thursday, September 13, 2018
Romania needs to invest close to EUR 10 billion to upgrade its obsolete electricity distribution network, Electrica CEO Catalin Stancu said on Thursday, quoted by Agerpres, http://business-review.eu reads. “At present, 60 percent of Romania’s distribution and transport network is overdue, meaning it is a relatively old structure. If we are to translate this in figures compared to the average for the ...
Vestmoldtransgaz takeover is completed; Transgaz has to finish Ungheni-Chisinau pipeline on schedule
Thursday, September 13, 2018
The acquisition of Vestmoldtransgaz has been completed and now Transgaz has to focus on finishing the Ungheni-Chisinau gas pipeline on schedule, Romania's Minister of Trade Danut Andrusca is quoted as saying in a news statement released on Friday.According to the document, Romania's national natural gas transmission corporation SNTGN Transgaz's takeover of Moldova's Vestmoldtransgaz gas transmission company was completed on Thursday, September 6, with the final ...
PRIMARY ENERGY RESOURCES , up 2.1 percent DURING 1.I.–31.VII.2018
Thursday, September 13, 2018
- During 1.I – 31.VII.2018, primary energy resources increased by 2.6%, while those of electricity decreased by 0.1% as compared to the same period of previous year. Romania's January - July final electricity consumption amounted to 32.472 bln kWh, up 2.1 percent from the same period of the year before; public lighting consumption was 3.5 percent down YoY, and household consumption was 11.2 percent lower, the National Institute of ...
THE FIRST DUAL SYSTEM CLASS SUPPORTED BY E-DISTRIBU?IE MUNTENIA STARTS AT ENERGY TECHNICAL COLLEGE BUCHAREST
Thursday, September 13, 2018
· Future electricians will benefit from monthly scholarships, as well as practical formation on the sites of E-Distributie Muntenia ·After graduation, the certified electricians will have the opportunity to be hired by E-Distribu?ie companies The first class in dual system for electricians, supported by E-Distribu?ie Muntenia ...