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Energy & Environment
Degree of occupation of the farmland by PV is poor in Romania
Thursday, November 19, 2015
The degree of occupation of the farmland by photovoltaic systems (PV) is poor in Romania, at most of 2,500 - 3,000 hectares, Zoltan Nagy, member of the Regulation Committee with the National Regulatory Authority for Energy (ANRE) told ...
Reuters: Enel Green Power swings to Q3 loss after Romania impairment
Thursday, November 19, 2015
Enel Green Power swung to a net loss of 97 million euros ($105 million) in the third quarter from a 102 million euro profit a year before, hurt by impairment charges on Romanian assets to the tune of 155 million euros, Reuters says. Core earnings in the period fell 7.3 percent to 392 million euros due to weak performance in Europe, partly offset by growth in Latin America and North America, the biggest renewable energy ...
Cernavoda nuclear power plant generated 8.556 million MWh of electricity in the first nine months of 2015
Thursday, November 19, 2015
In the first nine months of 2015, the two units of the Cernavoda nuclear power plant generated 8.556 million MWh of electricity, while delivering 7.853 million MWh to the national grid and using 702,000 MWh for own consumption, according to the company's report released to the Bucharest Stock Exchange on Friday. Compared with January-September 2014, when 7.93 million MWh were generated and delivered to the national grid, a drop of 0.96 percent was ...
Transelectrica posted a three-quarter net profit of 305 million lei
Thursday, November 19, 2015
Power grid company Transelectrica posted a three-quarter net profit of 305 million lei, up 0.6 pct compared to the same period of the previous year, shows data revealed on Friday by company representatives in a conference for the presentation of the company's financial results. Revenues were in excess of 2.21 billion lei, up 13.4 pct from the same period of the year before. Investment contracts signed this year total 317 million lei. "More ...
Nuclearelectrica, a net profit by 70pct higher in he first nine months of 2015
Thursday, November 19, 2015
The National Company Nuclearelectrica ended the first nine months of 2015 with a net profit of 131.189 million lei, by 70pct higher than that in the similar period of last year, according to the data sent on Friday to the Bucharest Stock ...
Informative session about the Conference on Climate Change to be held in December in Paris
Thursday, November 19, 2015
Building a new energy group at Rovinari power plant will make Romania deepen its coal dependence, Ioana Ciuta, energy campaign coordinator within the Bankwatch network, told a Thursday's specialist debate related to the Conference on Climate Change that will take place in December in Paris. "The essential problem of the Rovinari project is that in Romania, there is overcapacity, and a new group at Rovinari means that this energy will be exported. Romania's ...
EurActiv: COP21 will end a decade of failed climate finance
Thursday, November 19, 2015
With 8,000 projects in developing countries, the Kyoto Protocol's Clean Development Mechanism (CDM) is still clinging to life. But the Paris agreement might spell the end for the ineffective system, EurActiv France reports. The climate negotiations triggered by the Paris agreement will be accompanied by a spring cleaning of the UN's climate action programmes. Starting with the ...
OECD agrees deal to restrict financing for coal technology
Thursday, November 19, 2015
Members of the Organisation of Economic Cooperation and Development (OECD) struck a deal on Tuesday (17 November) to restrict subsidies used to export technology for coal-fired power plants, ending months of wrangling. Representatives of the world's richest countries agreed a deal to end export credits for inefficient coal plant technology to take effect in January 2017, with a review in 2019 that could allow the deal to be ...
3.5 million dollar investment in Black Sea oil terminal
Thursday, November 12, 2015
KMG International invested 3.5 million dollars in the Black Sea oil terminal by means of the company Midia Marine Terminal, the company informed on Monday. “The project has in view to replace the whole flexible crude transfer system from oil tankers to the reservoir park of Petromidia refinery. Capital maintenance works maintain the sea terminal in optimal safety and performance conditions. The investment also maintains a maximum protection level ...
MOL Romania’s retail sales volumes grew 21% in the third quarter
Thursday, November 12, 2015
MOL Romania’s retail sales volumes (including fuels, lubricants and LPG) grew 21% in the third quarter and 16%, in the first nine months, respectively, mainly due to the enlarging of the service stations network, parent company MOL Group said in a flash report on Friday. In the July September period, retail sales volumes of MOL Romania stood at 166 kilotons (kt), up from 137 kt in the year-earlier period. In the first nine months, volumes were ...
SN Nuclearelectrica SA and China General Nuclear Power Corporation signed the Memorandum of Understanding for Cernavoda NPP Units 3 and 4
Thursday, November 12, 2015
SN Nuclearelectrica SA („SNN”) informs that, Monday, November ...
RENEXPO® in Bucharest comes earlier and is shorter. Now 17th + 18th of November!
Thursday, November 12, 2015
Due to the tragic event that took place in a Bucharest nightclub on Friday - 31st of October, where 45 people died and others 171 were injured, the management of the Palace Hall was informed by ISU (General Inspectorate for Emergency Situations) that new fire protecting regulations does not allow them to let RENEXPO® be organised on November 18th - 20th, in the Palace Hall. Following this no risk policy, Palace Hall offered two ...
Reuters: CEE POWER-Czech spot down on wind; Slovakia, Romania and Hungary gain
Thursday, November 12, 2015
* Polish utilities to have 6.4 GW offline * Wind generation forecast above 22 GW * Paks Unit 3 out for maintenance Strong wind generation pushed Czech day-ahead power lower on Monday while a nuclear outage, less cross-border capacity and weak hydro levels sent Slovak, Hungarian and Romanian ...
Romania eyes return of bilateral power trading from 2016
Thursday, November 12, 2015
Romanian market participants in the wholesale electricity market could see the return of over-the-counter trading outside of the OPCOM power exchange as early as March 2016, ICIS can ...
PRIMARY ENERGY RESOURCES INCREASED BY 3.8%
Thursday, November 12, 2015
* During 1.I – 30.IX.2015, primary energy resources increased by 3.8%, while those of electricity increased, as compared to the same period of previous year, by 9.6%. Romania's electric energy resources in the first ...
Electricity prices could go down 3-5 percent as from January 1, 2016
Thursday, November 12, 2015
Electricity prices for final users could go down 3-5 percent as from January 1, 2016, Chairman of the National Energy Regulatory Authority (ANRE) Niculae Havrilet said Tuesday. "This year, positive developments have been recorded in electricity provision and transmission, as electricity consumption increased by some percentage points and ...
Linde Gas Romania to acquire BUSE Romania: Competition Council analysing takeover
Thursday, November 12, 2015
Reports suggest that Linde Gaz Romania S.R.L. has moved to acquire BUSE Gaz SRL and its subsidiaries, with the deal currently in the hands of local competition authorities. The news emerges via a November 2015 statement from Romania’s Competition Council, with the organisation announcing that it is currently analysing ‘the operation by which Linde will take over BUSE Romania Gaz and its subsidiaries’. LINDE Gaz ...
Ambassador of the Republic of Iceland to Romania, Benedikt Jonsson, discuss cooperation in the energy area
Thursday, November 12, 2015
The interest in increasing Icelandic investment in the energy area, mainly in renewable energy, especially from geothermal sources, was mentioned on Thursday at a meeting of Secretary of State for European Affairs George Ciamba and ambassador of the Republic of Iceland to Romania Benedikt ...
OMV Petrom Group: 991 million lei in net profit in the first nine months of 2015
Thursday, November 12, 2015
OMV Petrom Group made 991 million lei in net profit in the first nine months of the year, down by 59 percent as compared to 2.407 billion lei reported over last Jan.-Sept., show the financial results published by the oil company on ...
OMV Petrom estimates the demand for gas for this year, below that registered in 2014
Thursday, November 12, 2015
OMV Petrom estimates that the demand for gas for this year will be below that registered in 2014, triggering an increase in competition and adding extra pressure on prices and ...