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Energy & Environment
Romania is very close to reaching its energy independence
Thursday, December 3, 2015
Although Romania is not far from reaching the goal of gaining its energy independence, still half of its electricity generating capacity is ineffective economically, according to specialists in the field. This capacity needs subsidy schemes established at EU level. Also, experts say that Romania needs an adequate financing framework and well-established bonus schemes, because so far, state support has mainly consisted in covering up for economic ineffectiveness and not in ...
Project: the annual compulsory quota of electricity produced from renewable sources to be 12,15% for 2016
Thursday, December 3, 2015
The annual compulsory quota of electricity produced from renewable sources for 2016 to be 12.5% from the gross final consumption of electricity and under these conditions the impact of green certificates in the bill of the end consumer of electricity will be 35 lei/MWh, according to a draft government decision published on the site of the ministry of energy.’ In accordance with the legal provisions applicable to the level of the annual compulsory quota of electricity ...
Azerbaijan waiting for investment proposals on AGRI project
Thursday, December 3, 2015
Azerbaijan is ready to participate in the implementation of AGRI (Azerbaijan-Georgia-Romanian Interconnector) project if there are private investors, the country’s Energy Minister Natig Aliyev told reporters Nov.27. “It is a very interesting project,” he said. “Azerbaijan has necessary resources which it could export to Romania. However, a number of issues remain unresolved.” The minister said that ...
Energy Minister: This winter is covered as regards the gas supplies
Thursday, December 3, 2015
This winter is covered as regards the gas supplies, it is the coal stocks that worry us, the Energy Minister Victor Vlad Grigorescu said on Friday, during the winter command wherein the heads of the central, local structures with the Interior Ministry, prefects and representatives of all ministries and bodies with attributions in the filed participated. "From the analysis we've done, so far the gas supply covers the next period's prognosis. The Danube's flow ...
ANRE: Electricity distribution fees will go down 8-10 pct beginning with January 1, 2016
Thursday, December 3, 2015
Electricity distribution fees will go down 8-10 pct beginning with January 1, 2016 and household electricity prices will also reduce by 5 - 6 pct, president of the National Energy Regulatory Agency (ANRE) Niculae Havrilet said on ...
Role of gas in EU energy policy must be recognised
Thursday, December 3, 2015
By the Norwegian Minister of Petroleum and Energy, Tord Lien. Norway has the resources needed to remain a major, reliable and long-term supplier of gas to Europe for many decades to come. But the industry needs clear signals from the market to choose a pipeline connection to Europe, writes Tord Lien. Norwegian gas accounts for about a quarter of the gas consumption in the EU. New projections show that Norway will be ...
European banks clinging to coal investments
Thursday, December 3, 2015
Europe’s big banks have failed to significantly cut their investments in coal in the five years between the UN climate conferences of Copenhagen and Paris. The financing of coal mines and coal-fired power stations was not affected by the economic crisis that has rocked the world economy since 2009. According to a report published on 2 December by a group of NGOs, the biggest banks in Europe and America ...
Havrilet: the construction of a gas transport pipeline Ungheni – Kishinev could be done with EU funds
Thursday, November 26, 2015
The construction of a gas pipeline Ungheni-Kishinev is costly, and from the point of view of the risk analysis, the project is nonfeasable for a commercial company, so that it should be done on European funds, appreciated on Wednesday the chair of the National Authority for Regulation in Energy (ANRE),Niculae Havrilet. ‘ The construction of a pipeline to link Ungheni and Kishinev is an ample investment element, very costly and generally hard to recover, when it is done ...
Expert Forum Report: to get European money for BRUA we must convince EU that we have the intention to export
Thursday, November 26, 2015
The project for the interconnection of Bulgaria, Romania, Hungary and Austria (BRUA) is meant to ensure the interconnection on a regional market, but we must convince the EU that we have the intention to export gas so that we get financing, stated on Wednesday Otilia Nutu, analyst for public policites in energy, at an event for specialists. ‘ In order to increase our chances to get financing for our infrastructure of gas we must give a clear ...
Elsid Titu shareholders lost case against Euro Insol, financial administrator of Hidroelectrica
Thursday, November 26, 2015
Shareholders of Elsid Titu company, Mihai Tufan and Mihai Anastasescu, lost their case against Euro Insol, the financial administrator of Hidroelectrica, the appeal formulated by them against the application in 2012 of force majeure in the contract supplying electricity concluded with Hidroelectrica being denied by Bucharest Court of Appeal. “Elsid contested the application of force majeure in 2012, registered with Bucharest Court with no. ...
U.S. Ambassador discussed the energy security in the region with Energy Minister
Thursday, November 26, 2015
The U.S. firms that might invest in Romania need predictability for the energy projects and the as fast as possible finalization of the energy strategy would have a positive impact on attracting foreign investments in general, U.S. Ambassador to Romania Hans Klemm said at a meeting with Energy Minister Victor Grigorescu on ...
Romania receives 31.1 million euros in EEA and Norway Grants for environment programmes
Thursday, November 26, 2015
Romania has reached a total of 31.1 million euros in EEA and Norway Grants for environment programmes, data revealed by eeagrantsmediu.ro portal ...
Vast Resources plc Baita Plai Polymetallic Mine licence
Thursday, November 26, 2015
Vast Resources plc (LON:VAST), the AIM-listed mining company, has today announced that the Romanian State owned company, Baita SA, has signed an agreement (the “New Agreement”) with Vast’s 80% owned Romanian subsidiary, African Consolidated Resources SRL (“Vast Romania”) setting out the steps to be taken in order for Vast Romania to obtain the right to mine (the “Mining Sub-licence”) Baita Plai ...
Natural gas consumption in Romania, down to 73.563 million MWh, Jan.-July, 2015
Thursday, November 26, 2015
Natural gas consumption of end users stood at 73.563 million MWh in Romania in the first seven months of 2015, down nearly 3 percent from the last year similar period's 75.828 million MWh, according to a report posted by the National Energy Regulatory Authority (ANRE) on its website.Domestic natural gas production for consumption was 99.96 percent of the total sources in July, with the leading two producers — Romgaz and OMV Petrom — covering 92.57 percent of the ...
FCN Pitesti put out nuclear fuel bundle No. 150,000
Thursday, November 26, 2015
The Pitesti-based Nuclear Fuel Plant (FCN Pitesti) put out bundle No. 150,000, national nuclear power corporation Nuclearelectrica informed on ...
Romania's three-quarter net coal output , up 5 percent
Thursday, November 26, 2015
Romania's three-quarter net coal output totalled 3.386 million tonnes of oil equivalent (toe), up 5 percent (162,700 toe) from the similar period of 2014, shows centralised data with the National Statistics Institute ...
KMG International installs automations for fuel delivery
Thursday, November 26, 2015
KMG International will allocate over six million dollars until 2018 for the modernization and automation of fuel loading-unloading systems of internal depots and terminals from Petromidia N?vodari refinery, energynomics.ro informs. “The project is part of the measures taken by the Group in order to consolidate and improve the supply chain activities in Romania and is part of the vast program started in 2013 – Change for good ...
MEPs go on warpath over energy efficiency days before COP21
Thursday, November 26, 2015
MEPs have stepped up pressure on the European Commission over its decision to effectively cap any increase to the EU’s 2030 energy efficiency targets, just days before the UN Climate Change Conference (COP21) begins. The COP21 opens in Paris in less than a week (30 November) and aims to secure a worldwide agreement to limit global warming to two degrees above pre-industrial levels. The EU's 2030 climate and energy targets, ...
Nuclear energy is part of the solution to climate change
Thursday, November 26, 2015
Nuclear energy can be considered a low carbon energy source which provides a solution to the challenge of meeting the increasing global demand for electricity, writes Jean-Pol Poncelet, Director General of FORATOM. In December 2015, France will host the twenty first Conference of the Parties (COP21) of the UN’s ...
Speech by Vice-President for Energy Union Maroš Šefcovic at the Stakeholders Forum on Energy Union
Thursday, November 19, 2015
Brussels, 18 November 2015 Ladies and gentlemen, Let me start by saying that I am very happy to see so many familiar faces here in the room. I had the pleasure to meet several of you during my Energy Union Tour, so I feel amongst friends here! I am also happy to see that well-respected organisations such as the Cambridge Institute for Sustainable Leadership, E3G and the European Climate Foundation ...