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Energy & Environment
Trading on OPCOM is expected to intensify following announced liberalisation of energy market as of January 1, 2014
Thursday, August 1, 2013
The number of transactions on OPCOM will increase significantly in the interval ahead as a result of the announced liberalisation of the energy market, as of January 1, 2004, Constantin Nita, Minister Delegate for Energy, told a conference focusing energy matters on Thursday.'The liberalisation of the energy market represented a favorite topic for discussion in the past 20 years. The reality ...
EU funds absorption through SOP Environment reaches 20 percent
Thursday, August 1, 2013
The absorption rate of European funds has currently reached 20 percent from the 4 percent registered one year ago, Secretary of State with the Environment and Climate Change Ministry (MMSC) Elena Dumitru told a specialised debate on Thursday.'The absorption rate of European funds in one single year has reached 20 percent from 4 percent and one of the important chapters is AXIS II - waste ...
Romania's National Strategy for Climate Changes 2013-20 is approved by Government
Thursday, August 1, 2013
Romania's National Strategy for Climate Changes 2013-20 (SNSC) was approved on Wednesday in the Government meeting. The above-mentioned document aims to cut emissions of greenhouse gas and to adapt to the negative unavoidable effects of the climate changes on the natural and anthropic systems, informs the Government.SNSC aims at two action guidelines: cutting the emissions of greenhouse gas and ...
East West Petroleum provides further update on Romania
Thursday, August 1, 2013
East West Petroleum Corp. provides a further update on the status of its Romanian concessions and work programs.The Company and its partner, and operator, in Romania, Naftna Industrija Srbije (NIS) have recently awarded the seismic ...
Collapse of solar case against China sparks recriminations
Thursday, August 1, 2013
An acrimonious split has developed between Brussels and EU ProSun, an alliance of solar panel manufacturers, after EU Trade Commissioner Karel De Gucht announced a ‘targeted and innovative’ settlement to a dispute with China. Angry solar panelmakers blasted the proposal as “unbelievable, unacceptable and completely against European interests,” vowing to take their case to the European Court of ...
Major environment projects financed by state budget, not yet approved, are considered eligible
Thursday, July 25, 2013
The expenses referring to the major environment projects financed by the state budget, which have not yet been approved by the European Commission (EC), are considered eligible, according to a resolution adopted in the Government meeting on Wednesday. 'By the resolution adopted by the Government one can define the notion of order to approve the major project as being the order of the minister ...
ACUE: energy prices likely to rise once more
Thursday, July 25, 2013
New energy price rises are expected, given the energy market liberalization, and due to the green certificates issue, Energy Utilities Association (ACUE) CeO Frank Hajdinjak said at the end of the meeting with the International Monetary Fund (IMF) mission, on Tuesday.'Due to liberalization, more price rises are expected, but there will be other effects as well, which we have to take into ...
EnviMin Plumb met with UK counterpart Edward Davey
Thursday, July 25, 2013
Romania will pursue the British model as regards the integrated management of waste and measures to combat climate change, Romanian Minister of Environment and Climate Change Rovana Plumb declared on Tuesday at the end of a working meeting with British Secretary of State for Energy and Climate Change Edward Davey.'Today's talks focused on three major subjects related to environment and climate ...
Romania has 1,444 billion cu m of shale gas reserves, ranking 3rd in Europe
Thursday, July 25, 2013
Romania currently has 1,444 billion cu m of shale gas reserves, ranking third in Europe, after Poland and France, according to official data published on the Website infogazedesist.eu, launched by the National Agency for Mineral Resources (ANRM) as part of an information campaign and public debate regarding the shale gas.Following an announcement made by the European Commission's DG Energy in ...
107,936 green certificates traded on OPCOM during first session in July
Thursday, July 25, 2013
The number of green certificates traded during the first session in July 2013 of the Centralized Market for Green Certificated reached 107,936 units, according to data published by ellectricity market operator OPCOM.There were 10 purchasing offers and 72 sale offers launched in the first session in July, with the opening price of 179 lei per certificate.The Green Certificate ...
Value of electricity bill to decrease on average by 5% as of August
Thursday, July 25, 2013
The electricity bill will decrease on average by 5% as of August, following the postponement of the awarding by the state of a number of green certificates for renewable energy producers, and also due to the 1.3% decrease in the price for the electricity supplied to end-consumers, announced in June by the National Energy Regulatory Authority ...
Minister Constantin Nita: We absorbed 93 pct of EU funds available on Axis 4 for Energy
Thursday, July 25, 2013
Energy Minister Constantin Nita in the end of last week while in Busteni (southern Romania) said that the Ministry he leads managed to absorb as much as 93 percent of the 630 million euros EU funds available on the Axis 4 for Energy. 'We managed to absorb 93 percent of the 628 million euros funds available on the Axis 4 for energy. I would say this is quite a performance and a really good thing, following the ...
ANRE: Estimated share of buying green certificates for 2013 is diminished to 0.191 MWh
Thursday, July 25, 2013
The National Energy Regulatory Authority (ANRE) calculated again the estimated share of buying green certificates for 2013. It was diminished to 0.191 MWh, reads a press release sent on Friday. 'By applying some provisions included in Emergency Ordinance No 57/2013, ANRE calculated again the estimated share of buying green certificates for 2013. It was diminished from 0.2117 green certificates/MWh to 0.191 green ...
Exchange system for natural gas to be established
Thursday, July 25, 2013
The Regulatory Committee of the National Regulatory Authority for Energy on Friday approved two regulations referring to trading operations on the centralised market for natural gas managed by the Electricity and Gas Operator OPCOM SA and also on centralised markets managed by the Romanian Commodities Exchange.According to ANRE, for the first time in Romania, the secondary legislation issued by the Authority allows ...
Length of Romania's natural gas pipelines exceeds 36,000 km
Thursday, July 25, 2013
Romania's natural gas pipelines grid measured 36,771.8 km, on Dec 31, in 2012, with 21,44.5 km of it in towns and cities, informs the National Statistics Institute (INS) report.According to INS, the natural gas was supplied to 892 localities, 242 of them municipalities and towns.As many as 9,386.1 million cu.m natural gasses were supplied in 2012 than during the previous year. As much as ...
SOCAR opens 16th gas station in Romania
Thursday, July 25, 2013
Azerbaijan's state oil company SOCAR has commissioned another gas-filling station under its brand in the Roman city of Neamt region, Romania, SOCAR said on July 23.It is the 16th gas station in Romania and the fourth one in the Neamt region. The opening ceremony was attended by ...
Zeta Petroleum plc announces acquisition of 100% interest in proven oil concession, Romania
Thursday, July 25, 2013
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, is pleased to announce that it has secured a 100% interest in the previously producing Grivita Nord oil concession in Eastern Romania following the signing of a sale and purchase agreement to acquire 100% of the issued capital of Celtique Energie SRL, a wholly owned subsidiary of Celtique Energie Petroleum Limited. ...
Hidroelectrica sold 14 microhydropower stations with 46.8 million lei
Thursday, July 18, 2013
Hidroelectrica sold within the international bids organised on Monday 15 July 14 micro hydro-power stations placed on the Crisu Repede, Bistrita, Budac, Huza, Somesul Mic and Salasele with an installed total power of 9.4MW, the company informs in a press release. According to it, Hidroelectrica got a record price of 46,850,780 lei the equivalent of almost 10,599,000 euro, over the average price at which they were valued. The winners ...
Enel Green Power connected to the grid the first photovoltaic stations owned in Romania
Thursday, July 18, 2013
Enel Green Power (EGP) connected to the grid the first photovoltaic stations of the company in Romania. The two stations Berceni 1 and Berceni 2 are placed in Prahova county, with an total installed company of almost 19 MW. The units will generate almost 29 million kWh per year. The Berceni 1 has an installed capacity of almost 10 MW. The station can generate almost 15 million kWh per year, which corresponds to an annual necessity of over 7,500 ...
Renewable energy is national priority, says Traian Basescu
Thursday, July 18, 2013
Romania is open to investments in clean energy, wind and biomass, the more so as renewable energy represents a national priority right now, said Traian Basescu during a meeting with a delegation representing the Ming Yang Wind Power Group Limited, headed by CEO Chuanwei Zhang.'Traian Basescu specified that Romania is open to investments in clean energy, wind and biomass, the more as renewable ...