RSS
Energy & Environment
Ecosun Expert opens 2.5-MV solar farm at Harman, Brasov County
Thursday, October 17, 2013
Ecosun Expert has opened its first photovoltaic power station in Romania, a 2.5-MW solar farm, at Podu Olt, Harman commune, Brasov County.The farm covers 5.7 hectares and uses 9,792 highly efficient sun panels made by French Voltec Solar.The annual output of the photovoltaic power station, estimated at 3.3 GWh, would suffice to provide electricity to 3,000 households at Podu Olt and Harman.The company reports that in order to include 1 ...
The construction of reactors 3 and 4 in Cernavoda, priority project for the government
Thursday, October 17, 2013
The project of construction of reactors 3 and 4 of the unit in Cernavoda is a priority for the government of Romania, as energy is the key pillar in the governing programme, according to the minister of public finances, Daniel Chitoiu.The latter met on Thursday the representatives of the companies SNC Lavalin Nuclear, Ansaldo Nucleare, Elcomex IEA andCandu Energy. The discussions aimed at the construction project for ...
Romgaz: Initial public offering will be completed at year-end, depending on market conditions
Thursday, October 17, 2013
Romgaz on Friday announced the intention of launching an initial public offering of existing shares and of global depository receipts (GDR) based on shares and of listing the shares on Bucharest Stock Exchange (BVB) and the depository receipts on the London Stock Exchange.'The initial public offering will have as object maximum 15 percent of the existing shares, in form of stocks and global depository receipts, owned by the Economy ...
ANRE okays working regulations of Inter-daily Electricity Market
Thursday, October 17, 2013
National Agency for Energy Regulation (ANRE) Regulatory Committee, during its Thursday sitting, approved the working regulations of the Inter-daily Electricity Market on the Romanian Energy Stock Exchange (OPCOM), ANRE release informs.The new regulations, which are the revised working regulations of the Inter-daily Electricity Market approved by the ANRE Order No.32/2011 set up the organization framework of the Inter-daily Electricity ...
Corlatean: There is British investment interest in Romania, including in energy field
Thursday, October 17, 2013
British investments in energy are very welcome in Romania, Foreign Minister Titus Corlatean, who is paying a working visit to London, told AGERPRES on Thursday.Bucharest diplomacy Chief and his British counterpart, William Hague, have agreed, in a joint statement, that Romania and the United Kingdom have to initiate bilaterally an Energy Dialogue, in order to share the best practices in promoting the development of a 'solid energy ...
Vestas lands 108MW Romania order
Thursday, October 17, 2013
Vestas has sold turbines with a capacity of 108MW to a consortium headed by German power company Steag for a wind farm in Romania.The Crucea North project, located in the Constanta county in eastern Romania, will feature 36 V112-3MW turbines.Delivery of the machines is planned to start in April 2014 and commissioning is expected to be completed by December 2014.The order includes supply, installation and commissioning of the turbines, along with a ...
EnviMin: Absorption rate under OP environment exceeded 1 billion euro
Thursday, October 17, 2013
Minister of the Environment Rovana Plumb said Thursday in Iasi that the absorption rate of European funds under operational programme (OP) the environment passed the 1-billion-euro mark this week, despite the payments under the programme having been suspended for four months by the European Commission.'As far as operational programme the environment is concerned, we have restructured in organisational terms and in measures terms all ...
IMF:How Emerging Markets Can Get Their Groove Back
Thursday, October 10, 2013
After a decade of high growth and a swift rebound after the collapse of U.S. investment bank Lehman Brothers, emerging markets are seeing slowing growth, IMF says in the press release sent to ACTMedia. Their average growth is now 1½ percentage points lower than in 2010 and 2011. This is a widespread phenomenon: growth has been slowing in roughly three out of four emerging markets. This share is remarkably high; in the past, such synchronized ...
Samsung has become the biggest investor in solar energy in Romania after a project of 100 million euro
Thursday, October 10, 2013
The South-Korean company Samsung, a business of almost 247 billion dollars has become the strongest investor in solar energy in Romania after the finalisation of an investment of 100 million euro in the Slobozia commune, Giurgiu county. According to the data published by Transelectrica, on 01.10.2013, the biggest photovoltaic project in Romania has a capacity of ...
Enel Green Power connected to the grid the third photovoltaic park developed in Romania
Thursday, October 10, 2013
Enel Green Power connected to the grid the photovoltaic park in Colibasi Giurgiu county with an installed power of 6.5MW, the third operational project of solar energy of the company in Romania. The photovoltaic unit in Colibasi will generate up to 8 million kWh electricity each year, sufficient to supply approximately 7,000 households, a press release of the Enel Green Power, part of the Italian ...
Cernavoda nuke plant three-quarter power output at roughly 8.7 mln MWh
Thursday, October 10, 2013
The two units of the Cernavoda Nuclear Power Plant (country south-east) produced in the first nine months of 2013 some 8.694 million MWh of electricity, out of which 8.001 million MWh were delivered to the National Energy System, show figures released by company Nuclearelectrica on its website.Thus, Unit 1 produced 4.616 million MWh in the first nine months of the year and fed 4.239 million MWh into the power grid, recording an average ...
Romania has gold-bearing perimeter, with about 700 tonnes of exploitable reserves
Thursday, October 10, 2013
In Romania, there is a gold-bearing perimeter, the reserves that can be exploited there amounting to about 700 tonnes, Economy Minister Varujan Vosganian said on Monday, in the meeting of the special joint committee of the Deputies' Chamber and Senate assessing the mining exploitation at Rosia Montana.'In Romania, there is a perimeter in the Metaliferi Mountains, north-east of Deva [Hunedoara County, north-west of Bucharest]. Our ...
Renewable energy represented 41.6 pct of the national consumption of electricity January through August
Thursday, October 10, 2013
The wind power plants produced 2.9 TWh of electricity January through August this year, while the hydro power plants produced 10.8 TWh, according to data made public on Monday by the National Institute of Statistics (INS).The total quantity of energy produced from renewable sources accounted for 13.7 TWh.At the same time, the national consumption totalled 32.9 TWh, which means that the energy from renewable resources ...
Gehrig Schultz (Prospectiuni): Romania has huge potential in oil, gas and minerals field
Thursday, October 10, 2013
Romania has a huge potential for the discovery of new deposits of oil and gas, but also other mineral resources such as gold, silver, lead and copper, said Gehrig Schultz, CEO of the Prospectiuni Co, in an interview given to AGERPRES .He said that Romania is much better placed than other European countries in this respect. There are gold deposits throughout the Apuseni Mountains ( west ) and copper resources are higher than in Poland, ...
Romania's primary energy resources decline 12.2 pct in January-August 2013
Thursday, October 10, 2013
Romania's primary energy resources declined 12.2 percent January through August this year compared with the same time span in 2012, while the electric energy resources declined 7 percent, reveal provisional data released by the National Statistics Institute (INS) on Thursday.The main primary energy resources amounted to 20.043 million tonnes oil equivalent (toe) over January-August 2013, down 2,797 toe from the same interval last ...
Ponta: This year we have surplus of energy and no one to sell it to
Thursday, October 10, 2013
Romania has a surplus of electricity this year but no one to sell it to, the completion of the project with Turkey becoming thus vital, Prime Minister Victor Ponta stated on Saturday, October 5. 'Referring to electricity, we have a surplus this year, since it was a good year for Hidroelectrica managing to escape insolvency, while the Oltenia Energy Complex (Complexul Energetic Oltenia) also produced electricity, but the problem is now ...
Dragos Tanase (RMGC): Rosia Montana Gold Corporation invested 30 million USD in heritage at Rosia Montana
Thursday, October 10, 2013
Rosia Montana Gold Corporation (RMGC) invested 30 million USD in the heritage at Rosia Montana, company managing director Dragos Tanase said on Thursday at the hearings with the parliamentary committee analysing the mining exploitation at Rosia Montana.'Until present, the total investment in heritage stands at 30 million dollars. Through the new agreement, we plan to invest other 70 million dollars in Rosia Montana only. We brought a ...
ANRE proposes Government cogeneration fee reduction
Thursday, October 10, 2013
The National Energy Regulatory Authority (ANRE) proposed the Government the reduction in the cogeneration bonus for high efficiency by 10 percent starting January 1 and by 35 percent starting on June 1, 2014, ANRE President Niculae Havrilet told Agerpres.'The reduction will be applied to all energy producers, not only to some,' Havrilet said.According to him, the reduction in the bonuses will lead to the 0.5 percent ...
Nita: Romania has strategic option in natural gas deposits in the Black Sea
Thursday, October 10, 2013
Romania has a strategic option in the natural gas deposits in the Black Sea, a resource that contributes to the future increase in Romania's energy independence, according to Minister Delegate for Energy Constantin Nita.On Wednesday, he had a meeting with European Commissioner for Energy Gunther Oettinger, on the agenda of the discussions held in Brussels having topics such as the transposal of the third legal package on the domestic ...
ANRE: Price of imported gas to grow by 5 percent in October-December 2013
Thursday, October 3, 2013
The price of imported gas will grow to 420 dollars for one thousand cubic metres over October-December 2013, that is, 5 percent from the average level of 400 dollars for which Romania has imported gas in the past three months, according to the data supplied by the National Energy Regulatory Authority (ANRE). The price of Russian gas estimated for the last quarter of this year is slightly higher than the one in the same time span last year, when it was 401 dollars ...