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Energy & Environment
Electricity production and consumption down 6 and 7.5 pct respectively January through July 2013
Thursday, September 12, 2013
Electricity production dropped 6 percent (2.116 billion KWh) January through July this year compared with the same interval last year, while consumption dropped 7.5 percent, down to 28.971 billion KWh, according to data on Friday released by the National Institute of Statistics (INS).Public lighting declined 9.5 percent and the household consumption 1.3 percent.The thermal power plants produced 14.032 billion Kwh, by 5.079 ...
Eldorado Gold plans start exploration activities in three Romanian gold deposits
Thursday, September 12, 2013
Eldorado Gold, a Canada-based miner, said it would start exploration activities in three gold deposits in Romania's Hunedoara County by year end.The company has concluded explorations at the Certej deposit and the results will be used to update the deposit geology and resource models. “Exploration activities have now shifted to target delineation on the newly acquired Brad, Deva and Muncel exploration licenses, with preliminary drilling ...
Works on Rovinari power plant to start in 2014, at the latest
Thursday, September 12, 2013
Works on the Rovinari power plant in southern Romania, part of the Oltenia Energy Complex, will start in 2014, at the latest, and end in five years' time, Minister-delegate for Infrastructure Projects of National Interest and Foreign Investment Dan Sova told Radio China International.'At Rovinari, there has been a big success of China Huadian. Since I am at a different ministry, I do not like to talk in the name of another authority, ...
Transelectrica: Power consumption to decline 4 pct a year to 2017, no longer to reflect economic development
Thursday, September 12, 2013
Romania's power consumption will drop by 4 per cent a year by 2017, but this indicator no longer reflects the economic development of the country, as it used to, Director General Stefan Bucataru of Romania's national electricity transmission operator Transelectrica stated on Wednesday.According to data with Transelectrica, domestic power consumption declined 4.1 per cent in H1, ...
Ponta : Rosia Montana, a controversial project, I am not convinced by it
Thursday, September 5, 2013
Premier Ponta stated on Friday that the project at Rosia Montana which will get under parliamentary debate this autumn, is an extremely controversial one which he personally does not find convincing, showing that the PSD MPs would not give a political vote, on the contrary they would vote according to their conscience. ‘There is only ...
Gabriel Resources expects Parliament approval about Rosia Montana in 2-3 months
Thursday, September 5, 2013
Gabriel Resources, a company registered in Canada, who wants to develop Rosia Montana mining project and expects the approval of Romania’s Parliament for exploitation.“We hope it will last 2-3 months,” said the general manager of Gabriel Resources, Jonathan Henry, in a telephone interview granted to Bloomberg. Gabriel Resources controls Rosia Montana Gold Corporation the developer of the controversial mining project from Rosia ...
RWEA requires the intervention of premier Victor Ponta in the activity of the Department for Energy
Thursday, September 5, 2013
The Romanian Wind Energy Association(RWEA)requiers the intervention of premier Victor Ponta to define the mechanisms meant to ensure the legislative predictibility in the domain of energy, according to a press release from RWEA. ‘As a result of the new draft of governmental decision ...
ANRE green-lights establishment of nine photovoltaic projects, two wind ones
Thursday, September 5, 2013
The Regulatory Committee of the National Energy Regulatory Authority (ANRE) green-lighted on August 28 the establishment of nine new projects of energy generation from photovoltaic sources and two wind energy ones, according to a document posted on the website of the institution.Moreover, ten photovoltaic projects, a wind energy one and three small hydropower plants received accreditation to benefit from green ...
Possibly fewer green certificates for freshly accredited producers of renewable energy (bill)
Thursday, September 5, 2013
The Ministry of Economy has initiated a draft government resolution according to which producers of renewable energy accredited after the coming in force of this normative act will receive fewer green certificates, which will result in a lower contribution by end-consumers for the support of such energy sources.The measure comes after the postponement laid down on July 1, 2013, of the allocation of green certificates for each separate ...
Transelectrica: Power consumption to decline 4 pct a year to 2017, no longer to reflect economic development
Thursday, September 5, 2013
Romania's power consumption will drop by 4 per cent a year by 2017, but this indicator no longer reflects the economic development of the country, as it used to, Director General Stefan Bucataru of Romania's national electricity transmission operator Transelectrica stated on Wednesday.According to data with Transelectrica, domestic power consumption declined 4.1 per cent in H1, 2013 from H1, 2012 and the falling trend will continue.While ...
Nuclearelectrica IPO to be carried out September 9-20
Thursday, September 5, 2013
An initial public offering of 10 per cent in Romania's Nuclearelectrica national nuclear power corporation will be carried out September 9-20, 2013, according to the Financial Oversight Authority's announcement published by the Bucharest Stock Exchange (BVB).The underwriting price varies between RON 11.2 and 15 per share.As much as 85 per cent of the offering is for institutional investors, 10 per cent for small underwriters and 5 per cent ...
Pitesti-based Nuclear Fuel Plant puts out fuel bundle No. 125,000
Thursday, September 5, 2013
The Pitesti-based Nuclear Fuel Plant, a certified producer of CANDU 6 nuclear fuel, put out bundle No. 125,000; roughly 2,399 tonnes of natural uranium have been incorporated so far in the fuel bundles produced here, Nuclearelectrica informed on Tuesday in a release.The energy carried by the 125,000 bundles is equivalent to the energy potentially produced by 277 million tonnes of brown coal, 139 million tonnes of pitcoal or 40 million ...
Gazprom considering transporting oil to its Serbian refineries via Romania
Thursday, September 5, 2013
Romanian crude oil transporter Conpet and Russia's Gazprom Neft, the oil division of the energy giant by the same name, will start off a feasibility study for the construction of a pipeline from Constanta, Romania, to Pancevo, Serbia, through which Gazprom will transport Russian crude oil to its Serbian refineries, Conpet Director General Liviu Ilasi said Thursday.'This is about the pipeline from Constanta to Pancevo, in Serbia, that ...
ING : Evolutions of Syria could increase oil price in Romania
Thursday, August 29, 2013
‘One of the recent effects of evolution in the Middle East was the increase by 50% of the price of oil over the last two days, with possible implications on the price of oil in Romania. According to our estimates, the alterations of oil price at global level is obvious in 50% in the price of oil at the filling station, and an automated adjustment against the recent evolution of the oil price would lead to increase by 2.5% of the oil price ...
Romania, Turkmenistan to beef up energy cooperation
Thursday, August 29, 2013
Romanian Public Finances Minister Daniel Chitoiu and Turkmen counterpart Dovletgeldi Sadykov agreed to beef up the cooperation on energy during a meeting on Tuesday, the ministry has announced.'The Romanian official reiterated the Romanian side's readiness to offer the Turkmen side the expertise of the Romanian companies in such areas as civil engineering, road building, the production of oil equipment and rigs and he highlighted the ...
Traian Basescu: Romania should be compensated by EU for abandoning Nabucco project
Thursday, August 29, 2013
President Traian Basescu declared on Tuesday that Romania should be compensated by EU for abandoning the Nabucco project by allocating resources for the modernization of railways, national roads from regional infrastructure projects managed by the European Commission. “For the time being Romania considers it should be compensated for ...
Oettinger hails 'historic day' as first EU-Moldova pipeline opens
Thursday, August 29, 2013
Moldova will take its first steps towards diversifying its energy supplies Tuesday (27 August) when it inaugurated a gas pipeline with the EU, so ending its energy dependence on Russia.Perhaps symbolically, the pipeline is being launched on Moldova’s Independence Day. By the end of 2014, European gas companies will now be able to ...
Ponta: Funding for Iasi-Ungheni pipeline construction is secured
Thursday, August 29, 2013
Romanian Prime Minister Victor Ponta said during a visit to the Republic of Moldova that the funding needed for the gas pipeline linking Iasi, Romania to Ungheni, the Republic of Moldova, the construction of which began in the neighbouring country on Tuesday is fully secured.'There already is the money for this pipeline on both sides of the Prut (river, making up the boundary between the two countries - editor's note). But I want to one ...
Ponta: Romania, by 2018, to produce enough gas for Romania's, Republic of Moldova's consumption
Thursday, August 29, 2013
Romania, by 2018, will produce enough natural gas to meet its domestic and the Republic of Moldova's consumption, visiting Romanian Prime Minister Victor Ponta said on opening the construction works on the gas pipeline linking Iasi, Romania to Ungheni, Moldova at Zagarancea rural town, the district of Ungheni on Tuesday.'When we speak of the electric power, when we speak of natural gas, when we make our strategy, we make it together ...
Romania could export natural gas to Hungary starting December 2013
Thursday, August 29, 2013
Romania could export natural gas via the Arad-Szeged pipeline starting this December and reach a maximum export capacity in 2016, on an investment of nearly 120 million euros, according to a 2013-2016 management plan of Romania's national natural gas transmission operator Transgaz.'In order to be able to use the full capacity of the interconnection this way- 4.4 billion cubic metres a year - works are needed both on the Romanian portion ...