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Energy & Environment
Rompetrol invests $10 million to start drilling in Zegujani perimeter
Thursday, March 28, 2013
Rompetrol Group, through its Rompetrol SA-Exploration and Production Division, has recently begun drilling at the first prospecting well in the Zegujani perimeter, Mehedinti County (southern Romania), with the total investment to exceed 10 million dollars in 2013, according to a press release of the company on Tuesday.Drilling in this area is part of a programme to boost the upstream activities of the ...
Internal energy market: Commission refers Romania to Court for failing to fully transpose EU rules
Thursday, March 28, 2013
The European Commission is referring Romania to the Court of Justice of the European Union for failing to fully transpose the EU internal energy market rules. To date, Romania has only partially transposed the Electricity and Gas Directives. However, Member States should already have fully transposed these Directives by 3 March 2011. ...
EU urged to fuel investment in carbon capture technology
Thursday, March 28, 2013
The European Commission has been urged to start forcing energy-intensive industries to invest in carbon capture and storage (CCS) as it prepares to unveil plans to scale up the fledgling ...
Commission urges more action to meet renewables targets
Thursday, March 28, 2013
European Union governments must modernise their electricity grids and remove investment barriers to meet a 20% target for renewable energy use in 2020, the bloc's executive said Wednesday (27 ...
Works at the unit 5 in Cernavoda will be stopped
Thursday, March 21, 2013
The works at the unit 5 in Cernavoda will be stopped, so that the destination and the use of the space and the structures already made will be changed for the safe use of units 1 and 2, as well as for the improvement of the response of the power plant in case of severe accidents, according to a draft decision of the government, published on the site of the ...
Enel Romania - an increase by about 13pct of operational profit in 2012
Thursday, March 21, 2013
Enel Romania's operational profit increased in 2012 by about 13 percent compared with 2011, up to 231 million euros, compared to 205 million euros previously reported, announced on Wednesday, Luca D'Agnese, country manager of Enel Romania.Prerequisites for the evolution of the EBITDA were lower network losses, by 11.26 percent in 2012 and by 13.07 percent in 2011, reducing operational costs by 12 ...
Hidroelectrica hydro-electric power producer to have supply offices in Budapest, Vienna
Thursday, March 21, 2013
Hidroelectrica will have supply offices in Budapest and Vienna, aimed at the export to the European energy market, said Remus Borza, representing Euro Insol, the hydro-electric power producer's judicial administrator at a news conference on Wednesday. 'Hidroelectrica is opening supply offices in Budapest and Vienna. It will export and will begin to count in the European energy market', Borza ...
Romania needs a strategy focusing on renewable energy
Thursday, March 21, 2013
Romania needs an energy strategy in the medium and long term to focus especially on renewable energy, Deputy Remus Cernea, President of the Green Party (PV), said on Tuesday in a release.'The Greens were absent for a very long time from the top of the Romanian politics, and this absence has had an impact. Steps forward were shy and unsure. We lacked a coherent vision to be ...
National Pit Coal Company to start special administration procedure
Thursday, March 21, 2013
The National Pit Coal Company will start the procedure of special administration and financial supervision at the time of privatization, in keeping with an order of the Ministry of Economy, which was published in the Official Gazette of Romania.Depending on the conclusions on the economic and financial situation of the company, the special administrator will specify the out-of-the-ordinary measures ...
Romania hopes to collaborate with Chinese investors in nuclear energy and power plant refurbishment
Thursday, March 21, 2013
The Romanian-Chinese collaboration should not restrict only to the traditional trade relations and should access the Chinese capital for the wide investment projects in the area of nuclear energy and power plant refurbishment, Bilateral Chamber of Commerce Romania and China Chairman Gabriel Ghelmegeanu said.'Romania (...) is interested in drawing some big Chinese investors in the public-private ...
208 candidacies for administrating Nuclearelectrica, Romgaz and Transgaz
Thursday, March 21, 2013
No less than 208 candidacies were registered for the administrator positions in the companies Nuclearelectrica, Romgaz and Transgaz, according to an Economy Ministry release.For Nuclearelectrica, a number of 62 candidacies were filed, for Romgaz, 79 candidacies, and for Transgaz, 67 candidacies.The candidacies were filed following the release in the domestic and international media of the announcement on sending ...
PM Ponta: Green energy - best suited for the future, but now a source of price distortion
Thursday, March 21, 2013
Prime Minister Victor Ponta said that green energy is best suited for the future, but that it currently distorts prices, so that they become hard to bear for the population.'The great price distortion arises from green certificates. The principle is correct and Europe acknowledged it and Romania committed to it too, but I was looking that not even Germany can any longer afford it and changes its ...
Impact of prices of oil products from Serbia, discussed by Rompetrol with Minister of Economy
Thursday, March 21, 2013
Crude oil and petroleum products coming from Serbia could enter the Romanian market in April or May 2013, at much lower prices, due to the lower costs in the neighboring country, this possibility being raised by the Rompetrol Group during talks at the Ministry of Economy.Economy Minister Varujan Vosganian met, on Tuesday, a delegation of Rompetrol Group, part of Kaz Munai Gas of Kazakhstan, ...
Walter Tosto to invest 30 million euros in Romania, in next five years
Thursday, March 21, 2013
The investment plan of Italian company Walter Tosto in Romania, in the Bucharest-based Plant for Nuclear Energy Equipment and Components (FECNE), amounts at 30 million euros over the next five years, according to a company press release on Tuesday.Purchased recently by Walter Tosto, one of the global leaders in equipment for the energy sector, oil and gas, FECNE Bucharest was re-launched after an ...
MP Iancu: Finalisation of AGRI and Nabucco West projects, crucial for Romania
Thursday, March 21, 2013
The finalisation of the Nabucco West and Azerbaijan-Georgia-Romania Interconnector (AGRI) pipeline projects is crucial to Romania as its domestic production decreases by the year and shortly Romania will have to become a natural gas exporter, Chairman of the Chamber of Deputies' Committee on Services and Industries Iulian Iancu told Agerpres in a recent interview.'Gas from Azerbaijan is cheaper than ...
Energy market to grow in 2014
Thursday, March 21, 2013
The energy market is expected to grow next year, according to Rasvan Radu, CEO at UniCredit Tiriac Bank, as saying at a press conference on Monday.'The growth in 2013 will be inertial in terms of the bank's green energy portfolio, because of the upcoming revision of the legislation. We expect that projects already started to be completed this year, which will clearly lead to an increase. It only ...
Transelectrica, Transgaz to be switched under Finance Ministry's authority
Thursday, March 21, 2013
Transelectrica and Transgaz will be switched from the authority of the Economy Ministry under the authority of the Finance Ministry so that Romania may respect the principle of separation designed to avoid any conflict of interests and to implement the measures pledged by Romania under international agreements, reads a draft emergency ordinance posted on Monday on the website of the Finance Ministry for public ...
Over 100 companies request documentation for retooling Stejaru hydroelectric power plant
Thursday, March 21, 2013
As many as 103 companies from around the world have requested the prequalification documentation for the open tender for the retooling of the first high voltage hydroelectric power plant built in Romania - CHE Steajru, Neamt County, under a project estimated at 110 million euros, according to a press release issued by Hidroelectrica, the owner of the plant.As many as 25 companies grouped in 17 ...
Study: Energy use goes extremely low
Thursday, March 21, 2013
Romania's energy system is facing dramatically lower consumption, namely it got beneath 5,000 MW, over weekends, Institute for Studies and Power Engineering (ISPE) general manager Dan Gheorghiu told conference on integrated carbon management solutions, on Friday.'The Romanian energy system is experiencing difficult times. The energy consumption dramatically dropped, hardly attaining 5,000 MW, at ...
Romania's energy consumption possibly cut down by 11.7 ml tep by 2025
Thursday, March 21, 2013
Romania could cut down its energy consumption by up to 11.7 million tonnes of oil equivalent (toe) by 2025, provided that it introduces energy efficiency measures, Gilles Humbert, president of newly launched Romanian Association for the Promotion of Energy Efficiency (ARPEE) on Thursday told the entity's launch conference, citing a recent study conducted by the association.'Energy efficiency in all ...