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Energy & Environment
E.ON Romania, CERT-RO sign cooperation protocol to heighten power grids cybersecurity
Thursday, April 19, 2018
Gas and power company E.ON Romania and the National Computer Security Incident Response Team (CERT-RO) signed a cooperation protocol aimed mainly at exchanging cybersecurity intelligence, E.ON Romania said in a release. The protocol also provides for support for cybersecurity risk awareness campaigns and the facilitation of expert information exchanges.We take risks related to incidents or cyber attacks very seriously. The digital systems in our power ...
PRIMARY ENERGY RESOURCES INCREASED BY 1.3% DURING 1.I. – 28.II.2018
Thursday, April 19, 2018
- During 1.I. – 28.II.2018, primary energy resources increased by 1.3%, while those of electricity decreased by 1.3% as compared to the same period of previous year. Romania's energy industrial consumption increased by 3.8 percent in the first two months of the year as compared to the same period of last year, whereas the demand on behalf of ...
OMV Petrom to invest 45 mln euro in Petrobrazi refinery turnaround
Thursday, April 19, 2018
Romania's top oil and gas group OMV Petrom [BSE:SNP] said on Thursday that it will invest over 45 million euro ($55.5 million) in a turnaround of its Petrobrazi refinery, seenews.com informs. During the turnaround, which will start on April 13, the refinery will be shut down, OMV Petrom said in a statement. The works will last approximately six weeks and will consist of maintenance and modernization works, inspection and verification of facilities as well as investments in a series ...
E-DISTRIBU?IE MUNTENIA INVESTED 6 MILLION LEI FOR THE MODERNISATION OF THE ELECTRICITY NETWORKS IN COTROCENI AREA
Thursday, April 19, 2018
According to the the information sent to ACTMedia, E-Distribu?ie Muntenia invested approx. 6 million lei for the modernization of the medium and low voltage networks in Cotroceni area, with the purpose to improve the quality of the electricity distribution service for almost 5,000 customers. Within the modernization project, three major works have been carried out, which resulted in the replacement of medium and low voltage cables on a distance of ...
Transelectrica: 100MW storage is needed for each additional 300MW installed in WPP
Thursday, April 12, 2018
Romania is almost reaching its target for the share of renewable energy in total national energy consumption for 2020 – 24%. However, for reaching the 2030 target, significant changes in legislation are needed fast in order to attract new investments in renewables capacities. And they have to come together with storage systems. With nearly 3 GW installed in wind power capacities, Romania was at the end of 2017 under the target in the national ...
Merkel: No Nord Stream 2 without guarantee for Ukraine’s gas transit role
Thursday, April 12, 2018
German Chancellor Angela Merkel said Tuesday (10 April) that plans for a controversial second underwater pipeline to bring gas from Russia could not go forward without Ukrainian involvement in overland transit, euractiv.com informs. “A Nord Stream 2 project without clarity about the Ukrainian transit role is not possible,” Merkel said, after talks in Berlin with Ukrainian President Petro Poroshenko. The German ...
Gazprom set to gain EU antitrust approval with concessions
Thursday, April 12, 2018
The European Union and Gazprom are poised to settle a long-running antitrust case after the Russian gas company agreed to price reforms and to allow rivals to gain a foothold in eastern Europe, people familiar with the matter said quoted by energynomics.ro. A decision by the European Commission could come as early as this month although the timing could still slip, the people said. A settlement would allow Gazprom to avoid a possible fine of as much as 10 percent of its ...
Photovoltaic power output exceeds Cernavoda n-plant reactor's capacity Tuesday at noon
Thursday, April 12, 2018
The sunny weather of the last days has caused a significant increase in the photovoltaic power output, having exceeded on Tuesday at noon the power of a nuclear reactor at the Cernavoda nuclear-power plant, according to data on the state of Romania's national power grid posted on the Transelectrica website.Thus, at 13:20hrs on Tuesday, the power generated by photovoltaic panels stood on the third place, with 800 MW, representing 12 percent of the total. For ...
Deloitte study : Effective taxation of the Upstream sector in Romania remains double that the average in the European countries
Thursday, April 12, 2018
The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) presented in a press conference the results of the annual study where experts from Deloitte Romania analyze the development of effective taxation applied to oil and gas industry in Romania, compared to the situation in the European states, energynomics.ro informs. The study reveals that the average taxation of the industry- royalties level and other taxes (e.g. ...
Arrest of Chinese Businessman Leaves CEE Deals in Limbo
Thursday, April 12, 2018
The arrest of Ye Jianming, the chairman and executive director of CEFC China Energy, a Global Fortune 500 energy and finance conglomerate, may have wide repercussions across emerging Europe, http://emerging-europe.com informs. Mr Ye was reportedly ...
The Tarnita project – a synthesis of administrative inability
Thursday, April 12, 2018
The Tarnita project dates back to the 1930s and was rewritten according to the technologies from the middle of the 1970s by extremely capable engineers, energynomics.ro informs. It was then when it was realized that such a project would need about seven years to be built. Recalled by almost each minister in the pas few decades, the project found its way into the investment speech of the new minister of Energy, who mentioned the pumping hydroelectric power plant ...
Offshore oil facing countdown to comply with new EU safety rules
Thursday, April 5, 2018
Oil companies operating in European waters are racing to comply with a 19 July deadline to implement new EU safety rules on offshore drilling, adopted in the aftermath of the disastrous BP oil slick in the Gulf of Mexico, euractiv.com informs. “The likelihood of a major offshore accident in European waters remains unacceptably high.” So said the European Commission in 2011 when it tabled legislation to tighten EU rules on offshore drilling in the wake of the ...
Effective royalties and similar taxes rate decreased to almost 14 pc in Romania last year, Deloitte study reveals
Thursday, April 5, 2018
In Romania, the effective royalties and similar taxes rate decreased to 13.9 percent in 2017 from 17.4 percent in 2016 and 16.9 percent in 2015, according to Deloitte’s An overview on royalties and similar taxes, romaniajournal.ro informs. Oil and gas upstream sector across Europe study. Starting with 2017, due to the construction tax cut, the effective tax rate decreased to 13.9 percent in Romania. According to Vlad Boeriu, Partner Deloitte Romania, the ...
Romania’s Transelectrica records accounting loss after tax audit
Thursday, April 5, 2018
State-owned power grid operator Transelectrica has revised downwards its 2017 result, romania-insider.com reports The company posted a RON 47.9 million loss (EUR 10.5 million) after initially announcing a preliminary net profit of RON 26 million (EUR 5.7 million) in February. The company had a difficult year as the energy sector regulator ANRE decided to cut electricity transmission tariffs starting July 1, 2017. Moreover, the company was negatively impacted by a decision of ...
Romelectro signed with Transelectrica the contracts for three new substations in Romania
Thursday, April 5, 2018
Following an open tender organized by Transelectrica, Romelectro was assigned the winner for the refurbishing of three substations in Romania, namely Focsani West, Roman North and Bacau South, thediplomat.ro informs. Total value of the projects is around 14 million Euro. All the necessary work for these projects will be carried out without affecting the existing circuits and installations, based on a schedule for the execution of the works, ensuring the safety level in the supply of ...
Nuclearelectrica will buy the uranium concentrate, and process it at CNU (Feldioara) and FCN Pitesti
Thursday, April 5, 2018
The Ministry of Energy, as a major shareholder, is called on April 25 to approve the strategy to diversify sources of raw material ...
Transelectrica energized the 400 kV interconnection with Serbia
Thursday, April 5, 2018
On last Wednesday, at 20.49, the 400 kVA LEA double-circuit interconnector Re?i?a (Romania) – Pancevo (Serbia) was energized, Transelectrica announced in a statement quoted by energynomics.ro. The high-voltage line, which interconnects with Serbia, was received in February this year, and will become commercially operational in the latter part of this year. The 400 kV Air Line (LEA) Resita-Pancevo is a project of common interest, part of the Mid Continental East Corridor, and ...
Energy regulator increases by 10 pct retail gas prices in Southern Romania
Thursday, April 5, 2018
Romanian National Energy Regulatory Authority (ANRE) decided to increase by 10 percent the natural gas prices paid by 1.6 million household consumers located in the Southern part of the country, including Bucharest, a move that could have an impact on inflation, business-review.eu. The consumers are clients of French energy group Engie, which controls gas distribution in Southern Romania through its local subsidiary Engie România SA. In Northern Romania, where the gas ...
Bogdan Badea, Hidroelectrica: Breathing new life into the Vidraru Hydropower Development
Thursday, April 5, 2018
One of the keynote speakers at Spring Cocktail 2018, Bogdan Badea, the Chairman of the Hidroelectrica Directorate announced that the electricity producer registered a record gross profit of 500 million lei in the first quarter of this year. În his interview with energynomics.ro, the company’s ...
Clean energy investment grows, but global CO2 emissions reach new record high
Thursday, April 5, 2018
In its State of Clean Energy Investment report, Bloomberg New Energy Finance (BNEF) finds global investment in renewable energy grew 3% in 2017, while costs continued to fall, energynomics.ro informs. The International Energy Agency’s (IEA) Global Energy and CO2 Status Report, meanwhile, declares that CO2 emissions grew 1.4% to a historic high of 32.5 gigatons over the same period. In its report titled, ‘The State of Clean Energy Investment,’ BNEF reports that new ...