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Energy & Environment
Havrilet (ANRE): We will suggest IMF early gas market liberalization
Thursday, March 10, 2016
ANRE will suggest IMF an early gas market liberalization for household consumers, considering that international prices dropped a lot, said Nicolae Havrilet, the ANRE president at the Energy Business Summit. “We will analyse with IMF and the World Bank the stage of gas market liberalization and we will suggest an early liberalization, considering that gas prices for household consumers in international markets and the domestic exchange is lower ...
Natural gas was imported from Russia at 89.92 lei per MWh
Thursday, March 10, 2016
Natural gas was imported from Russia at 89.92 lei per MWh, while the price of domestic gas on the centralized market was 75.37 lei per MWh, according to a report of the Regulatory Authority for Energy ...
Electricity from renewable sources reached a total installed power of 5,153 MW at end-January 2016
Thursday, March 10, 2016
The capacities to generate electricity from renewable sources reached a total installed power of 5,153 MW at end-January 2016, according to the data centralized by ...
Power distribution companies must auction grid operation, Havrilet said
Thursday, March 10, 2016
The companies that hold concession contracts for the electricity and natural gas distribution services must auction the grid operation, says Niculae Havrilet, president of the Regulatory Authority for Energy ...
The coal industry in Romania has a future only if technologies are clean
Thursday, March 10, 2016
The coal industry in Romania and in the European Union has a future only if technologies are clean, and this requires huge investments, Radu Dudau, advisor to the Minister of Energy and coordinator of the project for drawing up Romania's Energy Strategy 2016 - 2030, with 2050 outlook, said on Monday. According to him, the team working on the strategy has drawn up until now two documents related to the current state of the system and the obligations ...
Official: Romania currently does not have biofuel public policies
Thursday, March 10, 2016
Romania currently does not have biofuel public policies, supporting studies are missing as well as systems to boost biofuel production, Dumitru Mereuta, adviser to the minister of the environment, waters and forests told a conference on Friday in Bucharest on biofuels and community development. "In theory, Romania has a huge potential for biofuel production, but because of diesel oil subsidies Romanian farmers have no interest in energy crops on eroded ...
H.E. Hamid Moayyer, ambassador of Iran to Romania, confirmed speaker at 2016 Spring Cocktail
Thursday, March 10, 2016
H.E. Mr. Hamid Moayyer ambassador of Islamic Republic of Iran to Romania has confirmed his participation as one of the keynote speakers at this year’s edition of Spring Cocktail, on March ...
Electrica prepares investment of 715 million euros
Thursday, March 10, 2016
The administrators of Electrica S.A. plan to accomplish in the next three years investments of over 715 million euro, mainly in its distribution networks, said Cristian Bu?u, President of the Board of Directors (CA) of the distribution and supply group, for Bursa.ro. “We have three major ways in which we plan to invest: in our networks, we analyze acquisition opportunities and, not least, we invest in people and communities where we operate. ...
In 10 years, Transelectrica wants to retrofit all its power stations
Thursday, March 10, 2016
The uninterrupted supply of consumers with electricity is the central objective of Transelectrica, said some of the company’s representatives at a meeting that they had in London with potential investors in the Romanian economy, quoted by energynomics.ro.. Made in the context of European commitments assumed by Romania in terms of energy supply, the safety concept was operationalized by Transelectrica officials in the increasing border ...
Iranian President Hassan Rouhani: Romania capable of benefiting from North-South corridor
Thursday, March 3, 2016
Iranian President Hassan Rouhani has said that Romania will have a chance to enjoy benefits after completing the North-South transport corridor. “Development of rail corridors is of high importance for the Islamic Republic of Iran,” Tasnim news agency quoted Hassan Rouhani as saying at a meeting with Romanian Foreign Minister Lazar Comanescuin Tehran. After connecting Iran’s railway to Azerbaijan Romania can play a key role in ...
Renewable in Romania: 30 percent of projects risk insolvency or bankruptcy, says association
Thursday, March 3, 2016
The trade association of renewable energy producers in Romania (PATRES) warns that green projects are struggling to generate revenue, while some of the investors could file for insolvency, business-review.eu reports. “They are impacted by a major increase of balancing costs, of trading and other taxes, being in a stage at which they support their projects with revenue from other businesses. According to our data, 30 percent of renewable producers ...
Energy Strategy: Romania' s crude oil reserves estimated to exhaust in 20 years
Thursday, March 3, 2016
Romania's current crude oil reserves are expected to get exhausted in about 20 years for an annual average production of 3.9 million tonnes, as recorded in the last years, and because of a constant annual decline of sure reserves of 5 percent and a replacement rate of 5 percent for crude and condensate, according to Romania's National Energy Strategy released on Friday by the Energy ...
ROMATOM: the two units of the Cernavoda nuclear-power plant covers nearly 18 percent of the total electricity consumption in Romania
Thursday, March 3, 2016
The nuclear energy generated by the two units of the Cernavoda nuclear-power plant covers nearly 18 percent of the total electricity consumption in Romania, contributing to a cut in carbon dioxide emissions by nearly 12 million tonnes/year that would have otherwise been generated by burning fossil fuels, the Romanian Atomic Forum (ROMATOM) ...
Natural gas reserves will deplete in 15-20 years in Romania
Thursday, March 3, 2016
Romania's natural gas reserves will deplete in 15-20 years, taking into account the current production, consumption and replacement rate of 80 percent, according to estimates in Romania's Energy Strategy released on the Energy Ministry ...
Romania could ask EC for extension of green certificates’ validity, says state secretary
Thursday, March 3, 2016
Corina Popescu, state secretary at the Ministry of Energy, has stated that the government is currently considering some measures to help the ailing renewable sector, which is facing losses after the changes in the incentives scheme, business-review.eu informs. One of the measures that is currently discussed with the Ministry of Finance refers to an extension of the validity of the green certificates issued to renewable producers. At present, the ...
Reuters: Bulgaria investigates possible fixing of fuel prices
Thursday, March 3, 2016
Bulgaria's anti-monopoly watchdog has launched an investigation into the country's only oil refinery and seven fuel retailers over possible cartel agreements to fix prices of petrol and diesel fuels, it said on Thursday. The Commission for Protection of Competition said in a statement it had started investigating the Bulgarian units of Royal Dutch Shell, OMV, Hellenic Petrolleum , Nis Petrol, Lukoil, Rompetrol and Bulgarian ...
9 defining lines to the current energy context in Romania
Thursday, March 3, 2016
The events of the beginning of the year from the Romanian energy industry were all likely to worry, when they were not downright surprising in a negative way. In the current energy context, no sector – be it oil and gas, renewables, hydropower, mining, thermal or nuclear – has been spared of new problems. Each conference and every public appearance of officials or experts reminded the old debts and recalled the perennial ...
ARBIO proposes a limited bioenergy support scheme
Thursday, March 3, 2016
Romanian Association for Biomass and Biogas (ARBIO) supports the implementation of support schemes for up to 300 MW for these two renewable energy sources, based on “first come, first served” principle, show representatives of ARBIO, who also claim to have identified a funding solution without bringing additional pressure on the final consumer. Thus, biomass and biogas sector would not enter in the aggressive race for ...
Ministry of Economy is looking for private managers at Transelectrica and CupruMin
Thursday, March 3, 2016
The Ministry of Economy has started recruitment for private managers under EEO 109/2011 for companies Transelectrica and CupruMin, shows an institution’s response to a request sent by Hotnews.ro. Ministry seeks two members to the Supervisory Board at Transelectrica and five members for the Board of Directors at CupruMin. In early March will be established consortia of companies that will carry out the selection of candidates for these posts and ...
Gazprom, Edison and DEPA will cooperate on building a gas interconnector
Thursday, March 3, 2016
Gazprom signed a memorandum of agreement with the Italian group Edison SpA and the greek company DEPA, for the supply with Russian gas, of the Southern Europe via the Black Sea, writes Reuters. Specifically, the parties propose the formation of a gas supply route from Russia to reach the Black Sea and Greece and then Italy. The signatory parties intend to take advantage of the works already conducted by Edison SpA and DEPA, ...