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Energy & Environment
ANRE approves a 88.28 lei/MWh price for a natural gas; 0.68 bani/Kwh impact in household bills
Thursday, January 11, 2018
The Regulatory Committee of the National Regulatory Authority for Energy – ANRE approved the prices for the regulated supply of natural gas to household customers at 88.28 lei/Mwh, energynomics.ro informs. The new level is 6.8 lei higher than the one valid for the period 1 April 2017-31 March 2018, 81.48 lei / MWh. In the press release sent on Monday, ANRE recalls that with the entry into force of the provisions of GEO 64/2016 and April 1, 2017, ...
OMV Petrom replaces Mariana Gheorghe as CEO after a decade
Thursday, January 11, 2018
Austrian oil major OMV Petrom has appointed a new CEO, following a meeting of the Supervisory Board held on Tuesday, business-review.eu reports. Mariana Gheorghe will step down after more than a decade at the helm of the company. She will be replaced by Christina Verchere, 46, for the remaining term of Gheorghe’s mandate which ends on April 16, 2019. Verchere accepted her appointment and she will assume the position ...
Competition Council slaps RON 73 mln fine on six companies in electricity metering market
Thursday, January 11, 2018
Romania’s Competition Council has slapped a EUR 15.8 million fine on six companies, accusing them of setting up two anti-competition deals for the sale of smart metering products and addition equipment in the electricity sector, business-review.eu reads. The biggest fine of EUR 5.9 million was received by Landis+Gyr AG. The other fined companies were Ecro (EUR 113,709), Electromagnetica (EUR 2.1 million), Elster Rometrics (EUR 2.4 million), ...
Ukrenergo, Moldelectrica discus plans to resume Yuzhnoukrainsk NPP-Isaccea power line
Thursday, January 4, 2018
National energy company Ukrenergo and state-owned enterprise Moldelectrica have discussed resumption of the 750 kV Yuzhnoukrainsk NPP (Mykolaiv region) - Isaccea (Romania) power line for 400 kV class voltage, the press service of Ukrenergo has reported, referring to a meeting in Chisinau held at the end of December, interfax.com.ua informs. "When the resumption of the 750 kV Yuzhnoukrainsk NPP-Isaccea power line for 400 kV class voltage was discussed, ...
Romania's final power consumption to grow in following years, yet imports to shrink
Thursday, January 4, 2018
Romania's final power consumption will grow in the next four years, by annual leaps of over 2.5pct, while imports will get smaller, the Energy Balance Prognosis issued by the National Prognosis Commission (CNP) informs.Thus, in 2017 the country's total energy consumption is estimated to 23.1 million tonnes oil equivalent (toe), up by 3.8pct against last year. In 2018, the value of this indicator will see a 2.8pct increase up to 23.8 million toe.In 2019 ...
Vast Resources says H1 revenue up 5% from Romania, Zimbabwe mines
Thursday, January 4, 2018
Mining group Vst ...
Serbia gets KfW grant for 2nd section of Trans-Balkan Electricity Corridor
Thursday, January 4, 2018
Serbia's energy minister Aleksandar Antic said the government received a 6.6 million euro ($7.8 million) grant from German development bank KfW for the construction of the second section of the Trans-Balkan Electricity Corridor on Serbian territory, seenews.com informs. The construction of the section connecting Kraljevo to Kragujevac will start in 2018 and will be completed in 2020, Antic said in a video file posted on the website of ...
E-DISTRIBUTIE MUNTENIA INVESTED 18 MILLION LEI IN 2017 FOR THE MODERNISATION OF 80 SUBSTATIONS IN BUCHAREST
Thursday, January 4, 2018
E-Distribu?ie Muntenia invested approx. 18 million lei (4.6 million euros) in 2017 for the modernization of the power supply points and secondary stations in Bucharest and for integrating them in the Telecontrol system, thus achieving important steps towards creating a smart grid. Within the investment project carried throughout 2017, approximately 38 power supply points and ...
EBRD loan of 206 mln lei for energy efficiency investments in Romanian residential sector
Thursday, January 4, 2018
The European Bank for Reconstruction and Development (EBRD) continues the investments' development of energy efficiency in Romania's residential sector by granting a 206 million lei loan (the equivalent of 45 million euro) to UniCredit Bank, reads a press release .According to the release, the funds' beneficiaries of the new credit line can be individuals, household owners who wish to invest in improving the energy footprint of their houses."The ...
Issues of major importance for the future of the Romanian energy industry
Thursday, January 4, 2018
The rethinking of the regulatory framework in the entire energy and mineral resources field is in process of redefinition, with a potential major impact on the level of the companies’ business strategies, as well as on the Romanian strategy for energy security, energynomics.ro informs. The debates around the Draft Law regarding the approval of the Government Emergency Ordinance no. 64/2016 for the amendment of Law no. 123/2012 on electric power ...
Energy efficient buildings – Presidency secures provisional deal with European Parliament
Thursday, January 4, 2018
On 19 December, the Estonian presidency reached a provisional agreement with the European Parliament on a revised directive on the energy performance of buildings. The outcome of the trilogue will be presented to EU ambassadors tomorrow, with the final analysis and approval of the agreement expected to take place at the beginning of next year. The ...
OMV Petrom invested 130 million euro in two new units for the treatment of gas
Thursday, December 21, 2017
OMV Petrom finalised the construction works for two units for the treatment of gas, placed next to the area of important production, the two drafts needing investments of over 130 million euro starting with 2013, announced the company. The investment will allow delivery of gas in the national grid of transport, at pressures up to 40 bars. Through the two units almost 7.5% of the gas production of OMV Petrom in Romania will be ...
EBRD, EIB, EU, World Bank finance Moldova-Romania power link with 270 mln euro
Thursday, December 21, 2017
The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), European Union (EU) and the World Bank are providing a 270 million euro ($320 million) package to finance a permanent interconnection between the electrical networks of Moldova and Romania, seenews.com reads. This interconnection is of critical importance for the diversification of Moldova’s electricity resources, the EBRD said in ...
E-DISTRIBUTIE BANAT PUT INTO FUNCTION MAJOR INVESTMENT PROJECTS THIS YEAR, WORTH APPROX. 20 MILLION LEI
Thursday, December 21, 2017
E-Distributie Banat put into function investment projects of approximately 20.7 million lei (approx. 4.5 million euros) in 2017, consisting of modernisation works at the high voltage networks and equipment in the area where the company operates, improving the quality of the electricity distribution services for more than 46,000 consumers, a statement sent to ACTMedia reads. Thus, in 2017, the ...
OMV interested in the project ‘Neptun’ in the Black Sea
Thursday, December 21, 2017
OMV will discuss with the American partner Exxon about the project ‘Neptun’ of the Black Sea so that in 2018 the final decision for investment be taken and this is included in the calendar, stated on Wednesday the general manager of OMV Rainer Seele at a meeting with the journalists, APA says.According to Rainer Seele, the ‘Neptun’ project is very important for OMV Petrom as it will improve the stocks and will increase the natural gas ...
ArcelorMittal Galati challenges the auction for BRHA pipeline – it would be a shame to built it with Chinese steel
Thursday, December 21, 2017
ArcelorMittal GalaTi has challenged in court the auction to decide the Bulgaria-Romania-Hungary-Austria (BRHA) gas pipeline, after being eliminated due to the lack of a document, the steel plant’s Director General, Bruno Robi, has said quoted by romaniajournal.ro. He said the plant still hopes to take part to the project. “A document has been missing, we didn’t realise and we had no more time to submit it. It’s a formal ...
Romgaz to dismiss Director General Virgil Metea for damages worth RON 160m
Thursday, December 21, 2017
The Romgaz Board has decided on Thursday to dismiss Virgil Metea from the position of Director General, romaniajournal.ro informs. His office will be taken over by Emil Cindrea, former Deputy Director General, one of the persons prosecuted by the Directorate for the Investigation of Organized Crime and Terrorism (DIICOT) in the file of ‘cheap gas for InterAgro’, hotnews.ro informs. According to sources, Metea is responsible for damages to ...
Worth EUR 50 million is going to be granted to Transgaz on behalf of the European Investment Bank (EIB)
Thursday, December 21, 2017
A first loan in lei (Romania's national currency, ed. n.) worth EUR 50 million is going to be granted to Transgaz on behalf of the European Investment Bank (EIB) on Thursday announced the bank, in a press release. The EIB funds will finance the construction of a new European natural gas transport corridor (BRUA) so to increase the gas supply security and cut the energy dependence, by diversifying the sources and the supply routes. It is ...
EU deal sets off race to renovate Europe’s building stock
Thursday, December 21, 2017
After a third round of talks, EU lawmakers reached an agreement Tuesday (19 December) on the revised Energy Performance of Buildings Directive (EPBD), firing the starting gun to renovate Europe’s entire building stock by 2050 so that it becomes “nearly zero emissions”, euractiv.com informs. Central to the agreement are long-term renovation strategies that all EU countries will be required to put in ...
The ministry of energy: the incident in Austria will not be felt on the Romanian energy market
Thursday, December 14, 2017
Minister of energy Toma Petcu had a meeting on Wednesday with the main operators in the domain of production, storage and distribution of natural gas, following which he announced that the companies in the sector of natural gas are ready to ensure the consumption during the winter celebrations. Similarly, during the meeting, the minister of energy brought into discussion the incident produced on Tuesday at the natural gas terminal in Baumgarten ...