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Energy & Environment
Romelectro won an 7.5 million euro contract in Kosovo
Thursday, July 7, 2016
Romelectro won the international tender and signed the contract for the execution of high voltage power lines for the company KOSTT, the Kosovo Transmission System Operator, energynomics.ro reports. The 7.5 million Euros investment will be financed by the European Bank for Reconstruction and Development (EBRD), a press release from the company informed. The work consists in the implementation of the five key sections of 220 kV and 110 kV transmission lines, single and double circuit, with ...
Brexit: A step forwards or backwards for a Greener Europe?
Thursday, June 30, 2016
Environmental action is one of the triumphs of the EU. The UK’s contribution and ambition in this area is likely to be sorely missed, write Viviane Gravey, Andrew Jordan and Charlotte Burns for EurActiv.com. Dr Viviane Gravey and Professor Andrew Jordan (University of East Anglia) and Dr Charlotte Burns (University of York) co-led an independent ESRC-funded expert review of ...
Government freezes domestic gas price to 60 lei per MW
Thursday, June 30, 2016
The price of the domestic natural gas will be frozen for nine months at 60 lei per MW, to address some "particular market conditions," Energy Minister Victor Grigorescu announced media. "We took the necessary measures to make sure that this winter we have enough gas stored so that we avoid this traditional debate on whether the stored amount is enough to get through the cold season," he said after the Tuesday's government ...
Borissov asks EU to come clean on ‘geopolitical’ energy projects
Thursday, June 30, 2016
Bulgarian Prime Minister Boyko Borissov said Wednesday (29 June) he will insist that the European Union once and for all makes clear its position on big energy projects involving Russia, in which his country has interest, EurActiv.com informs. Speaking to Bulgarian journalists during a break during today’s informal EU summit in the format of 27 member states, Borissov mentioned the telephone call held today between Russian ...
Ministry of European Funds is taking over RO-05 Energy Efficiency programme from the Economy Ministry
Thursday, June 30, 2016
The Government on Tuesday approved the Ministry of European Funds taking over as programme operator for RO-05 Energy Efficiency programme from the Economy Ministry following the memorandum of understanding related to the European Economic Area Financial Mechanism 2009-2014 being amended and supplemented, which latest form came into force on April 20, ...
Renewable energy capacity over January - April 2016 dropped 9.5 percent
Thursday, June 30, 2016
Romania's renewable energy capacity over January - April 2016 dropped 9.5 percent from the end of 2015 to a total installed power capacity of 4,653 MW, shows data centralized by power grid operator ...
Petre Butu was promoted within Schneider Electric Group
Thursday, June 30, 2016
Petre Butu, the vice president partner, Schneider Electric Romania and the Republic of Moldova, was named panel builder channel director within Schneider Electric Group, business-review.eu informs. Butu has an experience of over 20 years at national and international level, working in Romania, as well as in France. He joined the company in 1997, having several roles in sales, marketing, client support, price policies until leading the partner ...
Energy management means more than energy efficiency, specialists say
Thursday, June 30, 2016
Efficiency, sustainability, enthusiasm and co-creation. These are the concepts that best describe the few hours of the debates under the ARPEE’s “Sustainable Energy Day“, a workshop for understanding ISO 50001 energy management standard for the residential sector. The conference was attended by over 50 experts interested in tested solutions, as well as representatives of academia and residential associations, energynomics.ro ...
KMG International – Official statement related to the decision taken by High Court of Cassation and Justice
Thursday, June 23, 2016
KMG International noted the extremely severe decision taken by the High Court of Cassation and Justice of maintaining the seizure established by Directorate for Investigating Organized Crime and Terrorism (DIICOT) in May 2016, a measure that we do not consider necessary, taking into consideration the fact that there is no risk regarding the disappearance, destruction or removal of the Group’s assets. We consider that the High Court of Cassation ...
Internal crude oil production will grow in the following three years to 3.89 million tonnes of oil
Thursday, June 23, 2016
Romania's crude oil production will grow constantly in the following three years to 3.89 million tonnes of oil equivalent (toe) in 2019, while the natural gas imports will increase up to 7.61 million toe in the same period, according to the Energy Balance Prognosis (EBP) released in June by the National Prognosis Committee (CNP). So, the crude oil production will have a yearly growth by 1.6pct, from 3.71 mln toe in 2016 to 3.77 mln toe in 2017, 3.83 mln ...
Record results: Over 25 million tons of crude unloaded by KMG International through Black Sea Marine Terminal
Thursday, June 23, 2016
As of May 2016 the volume of the unloaded crude by KMG International through the offshore terminal out in the Black Sea, operated by Midia Marine Terminal (MMT) company, reached 25.5 million tons since 2009, when the offshore terminal was put into operation. “The operational records of the marine terminal represent a result of the investments carried out by KMG International and its sole shareholder, the National Oil and Gas Company of Kazakhstan ...
EurActiv: Energy Union governance to include building renovation reporting
Thursday, June 23, 2016
The European Commission will likely revamp the reporting of national building renovation rates, bringing it under the future oversight framework of the EU’s flagship Energy Union strategy, EurActiv.com reads. The executive has identified energy efficiency in buildings as a priority in delivering the twin goals of the plan to boost the EU’s resistance to energy shortages and fight climate change. 70% of the EU’s ...
Cristian Pîrvulescu, Enevo Group: Romania is a highly competitive exporter in the energy industry
Thursday, June 23, 2016
Building a new energy business requires a great deal of courage, skill and the ability to overcome inevitable obstacles. This is proven by Enevo Group, a Romanian engineering and automation company, whose business case is summarized by Cristian Pîrvulescu, the company’s founder and CEO, in an interview for energynomics.ro Magazine. The domestic market was not one of the priorities for Enevo Group, the ...
The collapse is imminent in the renewables sector, warns RWEA, PATRES, RPIA and ROSHA
Thursday, June 23, 2016
The employers’ associations RWEA, PATRES, RPIA and ARmHE, representative for the renewable energy industry in Romania, criticize the lack of decisions from the authorities in respect with the renewables sector,energynomics.ro informs. The companies represented by the associations have a total installed capacity of over 5,000 MW and investments of 8 billion euros. They insist on the serious repercussions which the lack of action in the renewables ...
Court of Appeals of Craiova ordered the opening of the bankruptcy procedure RAAN
Thursday, June 16, 2016
The Court of Appeals of Craiova ordered on Tuesday the opening of the bankruptcy procedure for Romania's National Company for Nuclear Activities (RAAN). RAAN sources say the justices have rejected the appeals filed by the official receiver EuroInsol and by the special manager against a 28 January decision of the Mehedinti County Tribunal (which has the territorial jurisdiction over RAAN's heavy water plant) in favour of the bankruptcy request introduced by ...
Romania’s biggest oil firm posts €500m sales from non-oil products
Thursday, June 16, 2016
OMV Petrom, the largest oil and gas corporation in Romania earned around $564 million dollars from non-oil products in 2015, according to Romanian Insider as originally reported by Ziarul Financiar, quoted by petrolplaza.com The company’s sales from non-fuel products and service segment in 2015 represented 15% of the total retail sales and were reported to be higher than Cora, a French retailer which operates 11 hypermarkets in ...
Energy Authority expects import natural gas 20pct cheaper than domestic stocks this winter
Thursday, June 16, 2016
Import natural gas will be 20 per cent cheaper than domestic stocks this winter, says Regulatory Authority for Energy (ANRE) President Niculae Havrilet. Addressing the 2016 Regional Energy Forum (FOREN) on Monday, Havrilet mentioned possible losses for this industry, resulting from expected prices of 70 lei/MWh for imports, and 80 lei/MWh for the natural gas ...
Official forecast: Romania's energy resources will reach 42.065 million tonnes oil equivalent (toe) in 2017
Thursday, June 16, 2016
Romania's energy resources will reach 42.065 million tonnes oil equivalent (toe) in 2017, up by 1.2pct compared to 2016, according to the Energy Balance Forecast released by the National Prognosis Committee ...
PRIMARY ENERGY RESOURCES INCREASED BY 0.7% DURING 1.I – 30.IV.2016
Thursday, June 16, 2016
- During 1.I – 30.IV.2016, primary energy resources increased by 0.7%, while those of electricity increased, as compared to the same period of previous year, by 2.6%. The final energy consumption grew in January - April 2016 by ...
Over 14.9 million euro collected in May from trading certificates of greenhouse gases
Thursday, June 16, 2016
The Romanian state has collected over 14.9 million euro in May from trading certificates of greenhouse gases related to stationary installations and aviation, on the European Union's joint auction platform, says a release on the Public Finances Ministry (MFP)'s ...