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Energy & Environment
Energy resources and consumption in 2014
Thursday, November 5, 2015
In 2014, the energy resources and the primary energy production registered a slight increase as compared to 2013 (+2.5%, respectively +1.8%). The import of energy products increased by 7.6% compared to previous ...
The 5th meeting of the Romanian-Turkmen Working Group on energy cooperation
Thursday, November 5, 2015
Romania and Turkmenistan agreed on the possible establishment of Romanian-Turkmen joint ventures to deal with the manufacturing and maintenance of equipment required by Turkmenistan's energy industry, Secretary of State with the Ministry of Energy Bogdan Badea told the fifth meeting of the Romanian-Turkmen Working Group on energy cooperation. "There is a particular growth and strengthening potential for Romania - Turkmenistan relations in the energy sector. ...
Oldest Romanian mine closes after 156 years
Thursday, November 5, 2015
Petrila, the oldest mine in Romania and until now the deepest in Europe, with shafts going down as far as 940 metres (3,100 feet), opened in 1859 when the country was still part of the Austro-Hungarian empire, AFP reports. It hit peak production in 1983 when workers extracted 1.2 million tonnes of coal - falling to just 110,000 tonnes last year. Since a programme was launched in 1997 aimed at making the industry more profitable, ...
GE COMPLETES ACQUISITION OF ALSTOM POWER AND GRID BUSINESSES
Thursday, November 5, 2015
GE [NYSE:GE] announced that it has completed the acquisition of Alstom’s power and grid businesses, the company informs. The completion of the transaction follows the regulatory approval of the deal in over 20 countries and regions including the EU, U.S., China, India, Japan and Brazil. It is GE’s largest-ever industrial acquisition. GE reached an agreement with Alstom in 2014 to purchase Alstom’s power and grid businesses for ...
Commission plans scheme to boost energy efficiency investment in buildings
Thursday, November 5, 2015
The European Commission initiative, to be launched next year, will make it easier for smaller energy efficiency projects, such as building renovations, to get EU funding. The plan, “a matter of priority”, is mentioned in a leaked draft of the executive’s forthcoming State of the Energy Union report. It is being finalised after EU leaders broadly agreed the Energy Union strategy to bolster the EU’s resistance to shortages and ...
WB Study:Is Moldova on the road to energy sector viability?
Thursday, November 5, 2015
The reliable and affordable supply of electricity and heating is an issue of major concern for Moldovan citizens, businesses and policy-makers. The viability and sustainability of the country’s energy sector rests on Moldova’s ability to diversify supply options and put in place the right tariff structures that would encourage investments in the energy sector. Currently, 98 percent of the energy resources consumed are imported, with over 80 percent of electricity ...
Energy efficiency for lower bills for consumers
Thursday, November 5, 2015
Romanian Academy concluded in a study on energy efficiency, conducted at the request of ANRE, that there is a genuine risk of a doubling of energy and natural gas prices due to the removal of regulated tariffs. “Romania’s transition to a single European energy market will result, in the following period, not in a decline in prices, as the EU hopes, but will conduct to a near twofold increase of energy prices. In these ...
UN climate change expert: National contributions not enough
Thursday, November 5, 2015
National plans for reducing CO2 emissions are not yet ambitious enough to meet climate goals, but progress has been made. EurActiv Germany ...
Vast Resources' Mining Licence For Manaila Mine In Romania Renewed
Thursday, October 29, 2015
Vast Resources PLC on last Friday said it has secured a renewal of its mining licence for the Manaila polymetallic mine in Romania, lse.co.uk reports.The three-year extension will allow the company to apply to extend the perimeter of the existing licence area, which would then allow Vast to carry out further drilling on the site. Vast Resources also is planning to commission a second mill for the project which would increase its production ...
Bulgaria wants Energy Dependence Pact with Greece, Romania, Turkey, Serbia
Thursday, October 29, 2015
Bulgaria is expanding an underground gas storage site to guard against any gas supply cuts from Russian gas monopoly Gazprom, focus-fen.net informs. The expansion is expected to nearly double the capacity of the storage from 550 million cubic metres to one billion cubic metres of gas, New Europe online edition reported. Bulgaria plans to almost double the capacity of the Chiren storage at a total cost of more than ?200 ...
Calota (ANRE): Energy storage becomes priority for Romania; having over-production and exporting, unacceptable
Thursday, October 29, 2015
Energy storage must become a priority for Romania, which should rather increase the number of its large users among industrial users than export energy, Deputy Chairman of Romania's Energy Regulatory Authority (ANRE) Emil Calota said Thursday."Energy storage should become a priority with Romania. It is unacceptable for a country to over-generate electricity and export it. It is similar to exporting any other raw material, timber for instance. Electricity should be used ...
INTERVIEW Renewable Energy Centre's Filip Carlea: Electricity price possibly up by 3pct yearly till 2015
Thursday, October 29, 2015
The price of electricity could go up by a yearly 3 percent until near 2025, and production costs by energy sources will converge, regardless of the employed technology, Filip Carlea, director of the Centre for the Promotion of Renewable Energies and Energy Efficiency told AGERPRES in an interview.Carlea says the renewable energy sector is becoming increasingly competitive compared to conventional technologies and should no longer need financial support by various types of ...
Greenpeace: The building of reactors 3 and 4 of Cernavoda nuclear power plant is justified neither in terms of costs
Thursday, October 29, 2015
The building of reactors 3 and 4 of Cernavoda nuclear power plant is justified neither in terms of costs to be covered by the Romanian society nor by the trend of increasing electricity demand, reads a Greenpeace Romania ...
RCS & RDS continues its efforts to gain the right to distribute electricity
Thursday, October 29, 2015
Two companies of the group RCS & RDS currently have ongoing projects for the development of some electricity distribution networks, according to a press release from the group. In September 2015 the necessary licenses were requested for two pilot projects located in Oradea, respectively in the vicinity of Timisoara city. The telecommunications group says, however, the request was rejected because ANRE conditions the issuance of such licenses, by ...
Rescue aid for Hunedoara Energy Complex to be turned into restructuring one
Thursday, October 29, 2015
Energy Ministry will send a notification to the European Commission next week through which the rescue aid for Hunedoara Energy Complex (CEH) will be converted into restructuring aid, romaniajournal.ro informs, quoting a press release. Thereby, this kind of aid will be used to debt conversion and financing measures of the CEH’s restructuring plan. Also, according to the restructuring plan, there will be progressive cutting ...
Romgaz pays Transgaz 248 million lei for the transport of natural gas
Thursday, October 22, 2015
The producer of natural gas Romgaz Medias (SNG) signed a contract for a year with Transgaz (TGN) worth 248 million lei (56.1 million euro) for transport services. The contract is valid for the period 1 October2015 – 1 October 2016, according to a press release sent on Tuesday to BVB. For the interval August 2014 – September 2015 the contract had a value of 190,68 million lei. Romgaz is the ...
The ministry of energy: US watch with interest the actions started by Romania on the line of energy independence
Thursday, October 22, 2015
The United States of America watch with interest the actions started by Romania on the line of the energy independence, stated on Monday the ambassaodor of the US to Bucharest Hans Klemm, in a meeting with the minister of energy Andrei Gerea, according to a press release of the ministry of energy. ‘ While at the beginning of his mission to Romania, the ambassador Hans Klemm mentioned that the American party watches with interest the actions started by our country on the ...
BulgarianMinister: I hope we will be able to congratulate one another on 1st Bulgaria-Romania interconnector at beginning of 2016
Thursday, October 22, 2015
“I very much hope we will be able congratulate one another at the beginning of next year on the first [gas] interconnector of our country that will be between Bulgaria and Romania,” said Bulgarian Minister of Energy Temenuzhka Petkova, speaking at the official ceremony on the launching of a new exploitation drilling E-72, which will set the start of a process of modernisation of Bulgaria’s Chiren gas depot, FOCUS News Agency reporter ...
Romania's Fondul Proprietatea sold a 4.15% stake in local gas producer
Thursday, October 22, 2015
Romanian investment fund Fondul Proprietatea sold a 4.15% stake in local gas producer Ramgaz via an accelerated book building offer on the Bucharest Stock Exchange and London Stock Exchange.The fund cashed in EUR 103 million from this deal. The sale price was RON 28.5 per share, some 6.5% lower compared to Romgaz’ closing price on Monday, before Fondul Proprietatea announced its intention to sell.The fund announced on Monday that it planned to sell 3.78% of ...
Natural gas imported in the first eight months of 2015, down by 79.7pct
Thursday, October 22, 2015
Romania imported a quantity of usable natural gas amounting to 67,100 tonnes of oil equivalent (toe) in the first eight months of 2015, down by 79.7pct (263,500 toe) year on year, according to the data centralized by the National Institute of Statistics (INS). The domestic production of natural gas exceeded 5.706 million toe in the first eight months of 2015, by 64,700 toe (1.1pct) lower than that in the same period of 2014. According to the ...