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Energy & Environment
Romanian Energy Minister Toma Petcu in Sofia: BRUA is a project of common interest,
Thursday, September 7, 2017
Romanian Energy Minister Toma Petcu and his Bulgarian counterpart Temenuzhka Petkova met on Tuesday in Sofia to discuss the establishment of a power contingency plan to be accessed by either state in critical situations, like that occurred in the previous winter, the Energy Ministry said in release on ...
More than 11.6 million euros collected in August from trading greenhouse gas emissions certificates
Thursday, September 7, 2017
The state collected more than 11.6 million euros in August from trading greenhouse gas emissions certificates for the stationary installations on the common auction platform of the European Union (EU), reads a document published on the website of the Ministry of Public Finance ...
"CROSSBOW" project was selected to be financed by EU
Thursday, September 7, 2017
The "CROSSBOW" (CROSS BOrder management of variable renewable energies and storage units enabling a transnational Wholesale market) project was selected to be financed by the European Commission within the Horizon 2020 Programme, the Transelectrica informs in a release sent on Friday ...
Head of Romanian Wind Energy Association (RWEA) steps down
Thursday, September 7, 2017
The head of the Romanian Wind Energy Association (RWEA) Ionel David stepped down after his term at the helm of the association expired, business-review.eu informs. David joined RWEA in 2009 and brought an important contribution to the development of the association, as well as to legislation in the field, the association said. The association is headed by Adrian Borotea, who took on the position of interim director ...
European power grid operators cook up ‘App Store’ for smart grids
Thursday, September 7, 2017
Grid operators from all over Europe are currently finalising plans to launch a digital information exchange platform that will serve as a basis for developing new digital applications to manage electricity flows and take up growing amounts of renewable energy, euractiv.com informs. ENTSOE-E, the pan-European electricity network operators association, is currently putting the finishing touches to an IT roadmap that will include common ...
The energy programme for the winter 2017 – 2018 costs 3.5 billion lei
Thursday, August 31, 2017
The winter programme in the energy sector will need a total financing of 3.5 billion lei out of which 3.1 billion lei for the fuel necessary for the production of energy between 15 November 2017 – 15 March 2018 and 412 million lei for the works of repair of the units, according to the draft decision of government initiated by the ministry of energy. Thus, the authorities show that the necessary stocks would be constituted until the 15th November ...
Over 47 million euros available to reduce carbon emissions in South-Eastern urban areas
Thursday, August 31, 2017
Luminita Mihailov, the director of the Agency for South-Eastern Regional Development, announced on Tuesday in Galati, that the financial funds allocated on projects for carbon emission reduction in urban areas as part of POR 2014-2020 is over 47 million euros and projects can be sent over September 20, 2017 - March 20 2018. “The financial allocation devoted to projects for the reduction of carbon emissions in urban areas, based on plans of ...
PM Mihai Tudose: We will try to withdraw the Rosia Montana file from UNESCO
Thursday, August 31, 2017
Prime Minister Mihai Tudose said on Tuesday he does not believe that the Romanian state will lose in the lawsuit against Gabriel Resources, which demands damages of USD 4.4 billion for not awarding the gold mining project at Rosia Montana and has accused the Dacian Ciolos Government that in the last days of the mandate has submitted the necessary documents to UNESCO to declare the entire area naturally protected, which is why there will be no more exploitations there, if ...
Fuel excise duties will increase in two stages, on 15 September and 1 October
Thursday, August 31, 2017
Finance Minister Ionut Misa announced on Wednesday at the beginning of a Government meeting that fuel excise duties will increase in two stages, on 15 September and 1 October, by 6.16 lei per litre of fuel. "In respect to the execs duties, Mr Minister, I ...
Nuclearelectrica names interim CEO
Thursday, August 31, 2017
Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant Cernavoda, has named Cosmin Ghita as interim CEO for four months, to replace Daniela Lulache whose mandate expires soon and cannot be extended, seenews.com reports. Ghita, 28, was nominated for the position of CEO by the Nomination and Remuneration Committee within Nuclearelectrica's board of directors, the company said late on Thursday in a statement filed with the ...
Electricity exports so far grew by rd 60 percent
Thursday, August 31, 2017
So far, Romania's electricity exports so far against 2016 grew by rd 60 percent, on Friday said in northeastern Bistrita the Energy Minister, Toma ...
Transgaz appoints new director general, CFO
Thursday, August 31, 2017
Romanian gas transmission company Transgaz [BSE:TGN] said on Thursday it named Ion Sterian as director general and Marian Vasile Lupean as chief financial officer (CFO), seenews.com reports. The procedure for the selection of the two officials was carried out by Transgaz's administration board and by its Nomination and Remuneration Advisory Committee, without the assistance of any independent HR consultant, Transgaz said in a statement filed with the ...
FONDUL PROPRIETATEA ACCUSES WEAKENING OF CORPORATE GOVERNANCE IN NUCLEARELECTRICA
Thursday, August 24, 2017
Fondul Proprietatea expresses its strong disapproval and significant concerns regarding the two new points proposed by the Ministry of Energy in the convening notice of Nuclearelectrica’s General Shareholders Meeting scheduled for 24 August 2017, a statement sent to ACTMedia reads. Both amendments are in direct contradiction with corporate governance provisions and are expected to have a negative impact on Nuclearelectrica’s performance, as well as on its share ...
RWEA: Investigations on wholesale electricity price hike should take into account overall market structure
Thursday, August 24, 2017
The Romanian Wind Energy Association (RWEA) believes the recent concern of the Romanian authorities to analyse the causes that led to the hike in wholesale prices of electricity is a normal one, business-review.eu reports. At the same time, it expresses its concern regarding the conclusions expressed, which fail to fully cover market functioning conditions, the association said in a press release. The association argues that, although the ...
Draft regarding the law of hydro-mineral resources: the annual tax for exploitation activity, 100 euro/ha
Thursday, August 24, 2017
The ministry of economy published in public debate the draft regarding the law of hydro-mineral resources and from the Taxes chapter, tariffs for hydro-mineral resources it is clear that the annual tax for the exploitation activity will be 100 euro/ha. According to the National Agency for Mineral Resources (ANRM) the value of annual tax to be paid depending on the surface where the mining activity take s place and the way of payment are explained in ...
4 years’ space for the coal and gas-fired power units to meet the lower EU emission standards
Thursday, August 24, 2017
The European Commission published on Thursday tighter new standards for the bloc’s most polluting power plants, including many large coal-fired power stations, giving them four years to meet the lower emission standards, energynomics.ro reports. The decision, approved by the member states in April, was published in the Official Journal of the European Union, which means it has officially taken effect. The new standards include tighter rules ...
New EU rules for lower power plant emissions take effect
Thursday, August 24, 2017
The European Commission on Thursday (17 August) published tighter new standards for the bloc’s most polluting power plants, including many large coal-fired power stations, giving them four years to meet the lower emission standards, euractiv. Com ...
In 2016, 11% of electric power came from wind and 1.32 billion lei gone with the wind
Thursday, August 24, 2017
From 2011 until now, the contribution of the wind sector to the national electricity basket has increased spectacularly to reach 15.79% in March this year (the last month for which we have data from ANRE), energynomics.ro informs. More specifically, the wind sector delivered 2.53 TWh out of a total of 16.06 TWh that went into networks. More and more important in the energy mix, the wind sector remains vulnerable due to the well-known and always put ...
Aleksandrs Popovics (Wood Mackenzie) : Taxation and political instability impede Upstream development of the Black Sea
Thursday, August 24, 2017
Wood Mackenzie has recently published an exhaustive report about the hot upstream projects currently explored in the Black Sea with an interesting mapping of the areas on volume and value of the offshore blocks. GBC has asked Wood MacKenzie, a leader in consulting services for the oil and gas companies, why the Black Sea is a hotspot for business and why an event on the upstream and midstream projects developed regionally is very timely now, when the majors decisions are ...
Upetrom enters insolvency due to losses
Thursday, August 24, 2017
Upetrom 1 Mai, a company owned by Gabriel Comanescu, went into insolvency due to losses, which last year amounted to 4.34 million euros, energynomics.ro informs. The company recorded consecutive losses in the last seven years. PricewaterhouseCoopers Business Recovery Services IPUR has been appointed the company’s legal administrator. Upetrom is a company that manufactures hydrocarbon extraction and construction equipment and last year had a ...