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Energy & Environment
Nuclearelectrica to become much more profitable after market deregulation; listing as scheduled
Thursday, June 27, 2013
Nuclearelectrica company is the producer that the deregulation of the electricity market puts at most advantage, which will significantly increase the nuclear power producer's profitability, company Managing Director Daniela Lulache told AGERPRES on Wednesday.'I am convinced Nuclearelectrica is a powerful engine having a potential for increase in terms of profitability, given that the company has posted a profit margin at between 2 ...
Environment ministry: 20 waste management projects totalling 878 mln euros being drawn up nationwide
Thursday, June 27, 2013
As many as 20 projects on waste management are currently being drawn up nationwide and they total more than 878 million euros, State Secretary at the Ministry of Environment and Climate Changes, Elena Dumitru told specialised debates on Tuesday.'There are projects currently under way for the Environment Operational Sectoral Programme and being drawn up are another twenty projects for the waste management in the counties of Giurgiu, ...
ExxonMobil, OMV carry through largest 3D seismic survey in Black Sea on Neptun Deep Block
Thursday, June 27, 2013
ExxonMobil Exploration and Production Romania Limited (EMEPRL) and OMV Petrom have successfully completed acquisition of a 3D seismic survey on the Neptun Deep Block, the largest 3 D survey ever recorded in the Black Sea, covering more than 6,000 square kilometres, OMV Petrom reported on Tuesday in a press release.In addition, the two companies have procured the Ocean Endeavor drilling rig to resume exploration drilling on the Neptun ...
Alro's Nastase: Out of green certificate, cogeneration fees two industrial factories could be made
Thursday, June 27, 2013
Alro Slatina has to pay this year 70 million US dollars in co-generation and green certificate fees, an amount that could be used to make two industrial companies, Chairman of the Administration Board of Alro Slatina aluminium maker Marian Nastase recently told Agerpres.'This is a burdening fee because we have to pay this year 23 million US dollars in cogeneration fees, plus 47 million US dollars in green certificate fees before the ...
Romania and Bulgaria cooperate in environment projects in Danube riparian area
Thursday, June 27, 2013
The meeting with the Bulgarian Prime Minister gave chance to discuss some issues in the environment and climate change area and in that of the sustainable management of waters, Environment and Climate Changes Minister Rovana Plumb said, who, at the end of last week, in Sofia, participated in the meeting of the delegation of Romanian Prime Minister Victor Ponta and Bulgarian Prime Minister Plamen Oresharski.'We have common projects ...
Electricity price for final consumers, to diminish 1.3 percent on average, from July 1
Thursday, June 27, 2013
The electricity price for final consumers will diminish 1.3 percent on average, starting with July 1, 2013, according to a press release of the National Energy Regulatory Authority (ANRE).'The National Energy Regulatory Authority, following the mid-year assessment, proposed the Regulatory Committee the reduction of the regulated prices of electricity for final consumers,' the document shows.The Regulatory Committee, in the ...
Romania, Bulgaria discuss plans to build Danube hydropower plant
Thursday, June 27, 2013
Romania and Bulgaria are in talks on plans to build a hydropower plant on the Danube, Prime Minister Victor Ponta told Agerpres after the meeting this Saturday with Bulgarian counterpart Plamen Oresharski in Sofia, where both dignitaries attended the gathering of the Council of the European Socialists Party, the executive body of the pan-European formation.'We have the ...
ET Solar completes three wind farms in Romania for Tinmar
Thursday, June 27, 2013
German company ET Solar Group Corp. has announced the completion of three photovoltaic farms with a total capacity of 28 MW for Tinmar-Ind SA, one of the most important electricity suppliers in Romania, a press release informs.The three wind farms are located in Targu Carbunesti, Gorj County (south), and Simnicu de Sus, Dolj County (south). The Romanian subsidiary ET Solutions will provide for Tinmar operation and maintenance services ...
US Report: Romania has shale gas reserves equivalent to the consumption on 100 years
Thursday, June 20, 2013
Romania has reserves of shale gas of 1,444 billion cubic metres, estimates the American Administration for information in the domain of energy (EIA) as the reserves of gas are placed at 113 billion cubic metres and the annual consumption is approximately 14 billion cubic metres, Mediafax says.Romania consumes annually approximately 14 billion cubic metres of ...
PM Ponta says he is a strong supporter of shale gas exploration and exploitation
Thursday, June 20, 2013
Prime Minister Victor Ponta said Thursday that he is categorically in favour of shale gas being explored for and exploited and that he used to have doubts that now are no longer.'I no longer have the doubts. I used to have many doubts as many did. All studies and economic results released, including by the European Council, indicate that thanks to shale oil and gas the United States of America has cut its energy prices to 25 per cent of ...
World bank: Warmer World Will Keep Millions of People Trapped in Poverty, Says New Report
Thursday, June 20, 2013
Regular food shortages in Sub-Saharan Africa….shifting rain patterns in South Asia leaving some parts under water and others without enough water for power generation, irrigation, or drinking… degradation and loss of reefs in South East Asia resulting in reduced fish stocks and coastal communities and cities more vulnerable to increasingly violent storms….these are but a few of the likely impacts of a possible global ...
Minister Constantin Nita: Natural gas produced in Romania could be sold on stock exchange market
Thursday, June 20, 2013
The natural gas produced in Romania could be sold on the stock exchange market, Minister Delegate for Energy Constantin Nita announced on Wednesday after a discussion with the trade unions in the petrochemical industry.'Today, we had talks with the trade unions in the petrochemical industry. Of course, there are discontents with the natural gas price increase. We agreed ...
Gov't approves privatisation strategy for Nuclearelectrica
Thursday, June 20, 2013
The Government on Wednesday passed a decision concerning the privatisation strategy for Nuclearelectrica national nuclear power corporation, Minister-delegate for Energy Constantin Nita reported on Wednesday.'A government decision was passed that provides for how to carry out the privatisation. It certainly differs from the strategy for Transgaz, the national gas ...
Central European Presidents Support Nabucco in Letter to President Aliyev
Thursday, June 20, 2013
NABUCCO Gas Pipeline International GmbH welcomed the declaration of support from the Presidents of Austria, Bulgaria, Hungary and Romania that was the focus of a letter sent to Azerbaijan President Ilham Aliyev last week. The letter was further supported by Turkey, as referenced by the Austrian President Heinz Fischer. An important ...
Japan's Marubeni Corp., Romania's ELCEN to build fast start-up power plant at Fantanele
Thursday, June 20, 2013
Thermal power producer Electrocentrale Bucharest (ELCEN) and Japan's Marubeni Corporation signed this Tuesday a Memorandum of Understanding for the construction of a fast start-up power plant at Fantanele - Mures County (northwest of Bucharest), with an installed capacity of 250 MW; the investment is worth a total of 150 million euros.'This is the project of an independent energy producer and we believe it will make a substantial ...
Privatisation Cuprumin: the evaluations are between 40 and 80 million euro
Thursday, June 20, 2013
The ministry of economy, the vice/chairman PNL Varujan Vosganian stated on Thursday that he presented the premier Victor Ponta the list of the companies interested by the privatisation of Cuprumin, by showing that following the evaluations, the price of sale would be between 40 and 80 million euro. “I presented the prime ...
Ponta: I want new royalty law to stipulate special fund for financing important projects
Thursday, June 20, 2013
The new royalty law, which will be adopted in 2014, is to stipulate the creation of a special fund, according to the Norwegian model, and the money that was collected this way will be used for financing projects that are important for this country, said Premier Victor Ponta.'Next year we shall see the end of the ten years agreed on in the accord with OMV, under which we were not allowed to tamper with royalties. Next year we shall have ...
Romania's nuclear energy consumption accounts for 0.5 pct of world's last year
Thursday, June 20, 2013
The Romanian nuclear energy consumption totalled 2.6 million tonnes of oil equivalent last year, accounting for 0.5 percent of the world consumption, show statistic figures released by oil company British Petroleum.Nuclear energy consumption dropped by 2.7 percent in Romania from the prior year, but it was more than double the 2002 levels, when it amounted to 1.2 million toe.The highest nuclear energy consumption last year ...
Romanian renewable energy consumption doubles last year
Thursday, June 20, 2013
The Romanian renewable energy consumption totalled 600,000 tonnes of oil equivalent last year, i.e. double the 2011 consumption and it accounted for 0.3 percent of the relevant world energy consumption, show figures released by British Petroleum.The highest renewable energy consumption was recorded in the United States at 50.7 million toe, China at 31.9 million toe, Germany at 26 million toe, Spain at 14.9 million toe and Brazil at 11.2 ...
Azerbaijan’s SOCAR buys Greek gas operator DESFA
Thursday, June 20, 2013
Greece is set to agree the sale of its natural gas grid operator DESFA to Azeri state energy company SOCAR, a senior official directly involved in the talks said Tuesday (18 June). The deal appears to raise the chances that the Trans-Adriatic Pipeline (TAP) will win its bid for Azeri gas, against its competitor Nabucco. SOCAR has improved ...