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Energy & Environment
EC investigates potential breach of state-aid rules for Oltchim
Thursday, April 14, 2016
The European Commission has opened an in-depth probe to verify whether debt write-offs by the Romanian State and continued supplies by state-owned enterprises in favor of Oltchim, despite the petrochemical company’s deteriorating financial situation, were in line with EU state aid rules, according to an EC press release quoted by business-review.eu. The Commission will investigate the accumulation of debts owed to the Romanian Authority on ...
Coal energy to provide over 20 pc of Romania’s consumption up to 30 years
Thursday, April 14, 2016
Coal energy will provide over 20 percent of Romania’s consumption for another 20-30 years, Ion Pisc the manager of Electrocentrale Rovinari branch, within Oltenia Energy Complex (CEO) stated, quoted by romaniajournal.ro. Currently, energy from coal provides about a third of consumption, but its share is declining amid increasing energy production from renewable sources. Because of consumption decrease, CEO plans to lay off ...
GE: Romania currently does not need any new power generation capacities
Thursday, April 7, 2016
Romania currently does not need any new power generation capacities, as consumption is less than production, and the electricity surplus is exported, president and CEO for Romania, Bulgaria & Moldova of American group General Electric Cristian Colteanu said on Wednesday. "Romania currently does not need any new power generation capacities, given that consumption is less than we produce, and the electricity surplus is exported. Instead, we must turn ...
Reuters: Hidroelectrica, Romania's biggest power producer, to exit insolvency by May
Thursday, April 7, 2016
Romanian state-owned power producer Hidroelectrica expects to finally exit its insolvency process by next month, and aims to sell a minority stake in an initial public offering by November, its manager told Reuters on last Sunday. Romania's largest and cheapest power producer has been run by a court-appointed manager after it became insolvent for the second time in early ...
Hidroelectrica to tender 20 small hydro plants in Romania
Thursday, April 7, 2016
The state-owned hydroelectrity generator Hidroelectrica plans to tender 20 small hydro plants with a combined installed capacity of around 16.5 MW, business-review.eu informs. The public outcry auction will take place between May 23-26. The combined starting price for the plants, which are located across Romania, is around RON 49 million (little over EUR 10 million). The latest tender is part of ...
Bulgaria-Romania Gas Pipeline to Open in August
Thursday, April 7, 2016
An Austrian company will complete the remaining 2.1 km of a long-anticipated gas interconnector that will help the energy diversification of the two Balkan countries, balkaninsight.com informs. The Austrian company Habau is to complete the long-anticipated first gas interconnector between Romania and Bulgaria by August 2016 after it signed a contract with the gas operators of the two countries – Transgaz and Bulgartransgaz in Sofia on ...
Reuters: Gazprom woos Austria's OMV in pursuit for Nord Stream expansion
Thursday, April 7, 2016
Russian oil major Gazprom on Friday signed cooperation deals with Austrian energy group OMV as it tries to secure more lobbying power for its project to expand the Europe-bound undersea gas pipeline, Nord Stream, Reuters says. Russian gas supplies, which account for a third of European gas consumption, have been increasingly politicised due to Moscow's involvement in the Ukrainian ...
EurActiv: Gazprom’s Schröder holds ‘friendly’ meeting with Juncker
Thursday, April 7, 2016
Commission President Jean-Claude Juncker received Gerhard Schröder on Tuesday (5 April), the former Chancellor of Germany, who now works for Gazprom. The Commission however insisted the two met as old acquaintances, EurActiv.com informs. Schröder, who lead Germany from 1998 to 2005, is currently the chairman of the board of Nord Stream AG, after having been hired as a global manager by the Rothschild investment bank. Nord Stream AG is ...
Minister: 100,000 homes in Romania have no gas, electricity
Thursday, April 7, 2016
Romania’s energy minister says there are more than 100,000 households in the country without electricity or gas or access to public transport, AP informs. Energy Minister Victor Grigorescu, speaking at a conference Thursday in Bucharest, called for more funding to improve infrastructure in Romania. He says “we need to build infrastructure from zero in areas where there is none. We need to modify the existing ...
OMV Petrom estimates up to 20 pct cut in Romania investments this year; Black Sea project remains strategic
Thursday, April 7, 2016
The low pricing environment for oil is forcing Austrian energy giant OMV Petrom to reconsider its investment program in Romania as the company is currently in cost-cutting mode, business-review.eu informs. Irina Dobre, the financial director of OMV Petrom, said the oil major has all the options on the table, which would translate into projects that are kept in stand-by or even staff reduction. She explained that OMV ...
Transgaz official: The south gas transmission corridor becomes a necessity
Thursday, April 7, 2016
The south gas transmission corridor becomes a necessity, but the project should be achieved without burdening the society, Transgaz Director General Petru Ion Vaduva told a Bucharest Forum/Keystone Projects event on last ...
EurActiv: Brussels weighs the cost of another century of nuclear power
Thursday, April 7, 2016
The European Commission is supposed to make regular assessments of the member states’ nuclear installations, a task that has not been carried out since 2008, EurActiv’s partner Journal de l’Environnement ...
Senior Obama official: Nord Stream 2 and Brexit may weaken EU energy security
Thursday, March 31, 2016
The controversial Russian-German pipeline project Nord Stream 2 will weaken the European Union’s energy security, and Brexit would set back the shared interests of the USA, UK and EU, a senior official in the Obama administration has warned. In a wide-ranging interview, US Deputy Secretary of State for Energy Elizabeth Sherwood-Randall ...
GDF Suez Romania changes its name into Engie Romania
Thursday, March 31, 2016
The distributor and supplier of gas and electricity GDF Suez Romania becomes officially on Monday Engie Romania, in the process of rebranding at international level, according to a press release of the company. ‘In September 2015, GDF Suez Energy Romania announces the change of the brand in Romania into Engie, as a normal stage in the rebranding process of GDF Suez in Engie. To continue the process of rebranding, starting with 28 March 2016 ...
After E.ON, Enel is also targeting clients outside its distribution areas
Thursday, March 31, 2016
Enel has opened a selling point for individuals and legal entities in Cluj-Napoca, the first establishment of this kind released by the utilities company outside its distribution areas, according to a press release from the group quoted by energynomics.ro. “With the launch of the first selling point in Cluj-Napoca, we offer our customers in the area, along with special offers in the region, the guarantee of a stable price and added-value ...
Household customers will benefit from a reduction of some 2.4pct in the electricity bill
Thursday, March 31, 2016
Household customers will benefit in the second quarter of this year from a reduction of some 2.4pct in the electricity bill, given that the Regulatory Committee of the Regulatory Authority for Energy (ANRE) approved on Wednesday the Competitive Market Component (CPC) tariffs applied by end-suppliers to end-customers receiving universal service, valid from April 1 to June 30, ...
Belarusian Gas Processing Plant starts shipping to Hungary, Romania, Netherlands
Thursday, March 31, 2016
Belarusian Gas Processing Plant has started shipping its merchandise to Hungary, Romania, and Netherlands, BelTA learned from Sergei Kamornikov, Deputy Director General of the Belarusian industrial group Belorusneft, of which Belarusian Gas Processing Plant is part. According to http://eng.belta.by/, the ...
Sinarom secures extension for Manaila Polymetallic Mine licence in Romania
Thursday, March 31, 2016
Vast Resources' Romanian subsidiary SC Sinarom Mining Group has secured a prospecting licence over an extended perimeter at the site of its Manaila Polymetallic Mine (MPM), mining-technology.com informs. The existing MPM mining licence covers 0.0675km², and will now extend to an additional area of 1.323km² following the extension. Based on previous exploration, it was found that the mine ore body extends to the ...
ARBIO: biomass energy must be subsidised from Environmental Fund
Thursday, March 31, 2016
The Romanian Association of Biomass and Biogas (ARBIO) has tabled a legislative initiative with Parliament proposing funding from the Environmental Fund for the biomass energy production sector, after the expiration of the green certificate support scheme , ARBIO Chairman Ilias Papageorgiadis said on Tuesday. "On March 15 we tabled with Parliament a legislative initiative concerning a separate scheme for biomass and biogas. It concerns modifications to ...
TAP construction starts this summer
Thursday, March 31, 2016
The construction works of the Trans Adriatic Pipeline (TAP) will start mid this year in Greece, said the Greek segment project director, Richard Skoufias. The pipeline will take gas from the Turkish-Greek border and transport them to Italy, via Albania and the Adriatic Sea. TAP sends a signal of confidence in the Greek economy and strengthens the role of the countries in the region, said Richard Skoufias. The Partners Consortium of the project company ...