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Energy & Environment
INTERVIEW EnergyMin: Working on reform of gas market, Hidroelectrica listing
Thursday, September 8, 2016
Gas producers and distributors are to trade on the stock exchange at least 40 percent of the production, starting next year, or they will be fined with significant amounts, according to their turnover, the Romanian Minister of Energy Victor Grigorescu said in an interview to AGERPRES. The Ministry of Energy is working on an emergency ordinance to amend and modify the Electricity and Gas ...
Hidroelectrica, profit of one billion lei in the first eight months of 2016
Thursday, September 8, 2016
Hidroelectrica estimates a gross profit of one billion lei in the first eight months of this year, taking into account the sales in August 2016 and the fact that in the first 7 months it recorded a gross profit of 913 billion lei. According to a press release of the company, in August the sales estimation stands at over 236 billion lei for a volume of over 1.3 TWh of energy sold. "The gross profit registered after the first 7 months end close of the current ...
Hans Bruyninckx: Green taxation ‘not really happening’ in Europe
Thursday, September 8, 2016
* Despite a “massive” body of research showing green taxation makes sense from an environmental and economic perspective, few countries are actually taking the step forward, says Hans Bruyninckx. Hans Bruyninckx is executive director of the European Environmental Agency, based in Copenhagen. He spoke to EurActiv’s publisher and editor, Frédéric Simon, on the sidelines of ...
Changes to renewables law delayed, will be implemented since 2017
Thursday, September 8, 2016
The amendments to renewables Law 220/ 2008, which should have been published to undergo public debate this week, are further delayed, as the committee composed of members of the Ministry of Energy and the regulatory body ANRE are still discussing on the study made by a consulting company, told energynomics.ro Corina Popescu, state secretary in the Ministry. Earlier, ministry officials said it was possible that ...
PM Ciolos: Romania could become a natural gas exporter to Moldova
Thursday, September 1, 2016
In some years' time, Romania could become a natural gas exporter to Moldova, Romania's Prime Minister Dacian Ciolos told Prime private broadcaster of Moldova in an interview on Thursday. He added that Romania's Transgaz national natural gas transmission operator is well positioned in the country and the European markets, ready to invest in ...
Sefcovic embarks on third trilateral gas talks on Ukraine
Thursday, September 1, 2016
* Vice-President for the Energy Union Maros Sefcovicsaid he will visit Kyiv on 2 September to discuss energy reforms and lay the groundwork for trilateral talks with Ukraine and Russia that he hopes will help ensure uninterrupted gas supplies in the winter, euractiv.com informs. For a third consecutive year, the EU will mediate between Ukraine and Russia in securing Ukraine’s gas purchases from Russia, which are also needed to secure the transit of ...
An undersea cable linking Romania to Turkey will no longer be found in Romania's future energy strategy
Thursday, September 1, 2016
A project for an undersea cable linking Romania to Turkey will no longer be found in Romania's future energy strategy, because Turkey is no longer interested in the endeavour, State Secretary with the Romanian Energy Ministry Corina Popescu said last ...
Report: Local energy producers suffered new declines in revenues and profits in Q2 of 2016
Thursday, September 1, 2016
Local energy producers suffered new declines in revenues and profits, unable to capitalize on opportunities offered by the international market, where raw materials, including oil and gas, experienced a spectacular price comebacks in the second quarter, after reaching their lowest in February, Tradeville trading company ...
Official: country's energy system needs annual investments worth billions of euros
Thursday, September 1, 2016
Depending on the targets Romania commits to in Brussels, the country's energy system needs annual investments worth billions of euros, Radu Dudau, advisor to the Energy minister and manager of the project for the development of Romania's draft 2016 - 2030 Energy Strategy said on ...
Mineral products drop in exports in the first five months of 2016
Thursday, September 1, 2016
Mineral products experienced the biggest drop in exports in the first five months of 2016 by 24.8 percent, according to trade data released by the Ministry of ...
Vast Resources makes progress towards production at Romanian mine
Thursday, September 1, 2016
UK-based mining company Vast Resources said on Tuesday that its Manaila base metal project in Romania has the capacity to produce two types of saleable concentrate product, seenews.com reports. After conducting tests for targeting the production of saleable copper and zinc at Manaila mine, Vast Resources said it is nearer at producing the two types of concentrates. The company has completed a plant-optimization plan that has increased copper grades to around 19% while ...
EurActiv: EU meets energy efficiency target six years early
Thursday, September 1, 2016
* Energy efficiency in the European Union is constantly improving. But this could be as much down to the economic downturn as its own efforts, a new study has found EurActiv’s partner Journal de l’Environnement reports. A study carried out by the European Commission’s Joint Research ...
ELCEN and GE sign a 6 years EUR 5.65 million maintenance contract
Thursday, September 1, 2016
The deal will come into force starting September 9 and is available for a period of six years. Its value is EUR 5.65 million, an established price for the entire period of contract, energynomics.ro reads. General Electric participated in an online open tender, announced and developed by ELCEN, according to the legislation during May-August and was declared winner. „The gas turbine plays an essential role in the station with combined cycle from the West functioning (…) as ...
Renewable energy capacity stood totaled 4,690 MW at the end of this June
Thursday, August 25, 2016
Romania's renewable energy capacity stood totaled 4,690 MW at the end of this June, shows data centralized by power grid operator Transelectrica. Thus, wind farms accounted for 2,959 MW of the total, PV parks had a capacity of 1,312 MW, micro-hydro power plants accounted for 316 MW and biomass energy projects stood at a cumulative capacity of 103 ...
EY: Renewables a ‘safe bet’ for investors amid global market volatility
Thursday, August 25, 2016
Renewable energy sources continue to remain “safe bets” for investors as clean energy transactions thrived in the second quarter of 2016 amid ongoing global market volatility, according to EY’s latest report on the global power and utilities sector, quoted by ...
Financing contracts worth 21 mln. Euro for modernizing Rovinari and Isalnita
Thursday, August 25, 2016
The Ministry of Energy signed with Complex Energetic Oltenia two financing contracts worth about 21 million euros for the modernization of the power units at Rovinari and Isalnita from the National Investment Plan managed by the ministry, announced on its Facebook page, minister Victor Grigorescu quoted by energynomics.ro. “I signed with Complex Energetic Oltenia two financing contracts worth about 21 million euros for the modernization of the ...
Eldorado Gold to start exploration on Romanian, Serbian sites this year
Thursday, August 25, 2016
Canada’s Eldorado Gold Corp said on Tuesday that it will start this year exploration at Bolcana porphyry copper-gold system in Romania, which it recently acquired through public auction, and at Karavansalija Mineralized Centre (KMC) in southeastern Serbia, seenews.com reads. Drillsite permitting for the Romanian site is underway, and drilling is expected later this year, Eldorado said in a press release. The exploration ...
Monsson Group sells Romania's Emon Electric to Africa's EnComm
Thursday, August 25, 2016
Wind power project developer Monsson Group said on Thursday it has sold Romanian electric works company Emon Electric to African company EnComm for an undisclosed sum, in order to focus on external markets with a more stable business environment, http://renewables.seenews.com/ ...
Net coal production amounted to 1.962 million tonnes of oil equivalent in H1 2016
Thursday, August 25, 2016
Romania's H1 2016 net coal production amounted to 1.962 million tonnes of oil equivalent (toe), down 12.2 percent (273,000 toe) from H1 2015, according to data with the National Institute of Statistics. In H1 2016, Romania imported 235.600 toe of net coal, ...
Nord Stream 2 faces loss of financial and political support
Thursday, August 25, 2016
The legitimacy of the extension of the Nord Stream 2 gas pipeline between Russia and Germany is being seriously undermined by regulatory and political headwinds, writes Jack Sharples for EurActiv.com. (Jack Sharples is a lecturer at the European University at St Petersburg and author of the Gazprom ...