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Energy & Environment
E&Y: Romania ranks 13th among world's most attractive countries for investments in renewable energies
Thursday, August 30, 2012
Romania keeps ranking 13th among the world's most attractive countries for investments in renewable energies, according to the Ernst&Young latest quarterly report on the renewable energy country attractiveness indices .Recording an ongoing decline in the public and private sectors in the bid to reduce the indebtedness level and a nearly zero increase in the households' revenues for non-food goods in 2012, the household consumption in the Eurozone is expected to slide by 0.7 ...
Europe's resistance to shale gas could boost renewables
Thursday, August 30, 2012
Europe has been unable to repeat the shale gas revolution that has swept the United States, and that could prove to be the unlikely saviour of long-term EU efforts to spur renewables and curb greenhouse gases. The United States has managed to lower greenhouse gas emissions as well as energy prices as cheap shale gas has displaced coal, prompting calls from industry for Europe and others to follow suit. The argument is that natural gas, which emits less carbon ...
EU-sponsored project for acquiring and processing polluting waste on the Danube
Thursday, August 30, 2012
The Giurgiu National Administration of Danube River Ports (CNAPDF) on Tuesday released an EU-sponsored project for the establishment of a system for the acquisition and processing of waste from ships and intervention in cases of pollution on the Danube River.'We are happy because this project lays the foundations for modern services for the fluvial Danube and because, together with our colleagues at the Maritime Danube Ports Administration that have a similar project ...
Romania, Bulgaria Green Parties urge Ponta Gov't to oppose shale gas drilling
Thursday, August 30, 2012
The Romanian and Bulgarian Green Parties urge the Victor Ponta Government to oppose shale gas drilling and take into account this damages the environment and they stress such operation has been stopped in Bulgaria by its Parliament as early as since this January.Romanian Green Party leader Antonio Momoc and Bulgarian Zelenite Party co-chairman Borislav Sandov told a joint news conference on Monday that the Bulgarian civil society stands by the side of the locals from ...
Necessary funds for National Electrification Plan, a billion lei till 2016
Thursday, August 30, 2012
The National Electrification Plan aiming to conclude the electrification of isolated urban and rural areas and to extend the current network needs a billion lei funding for 2012-2016 as 98,871 households are not electrified at the moment, according to a bill under public debate on the website of the Ministry of Economy.The implementation of this programme will be performed by the ministry by the Romanian Agency of Sustainable Development of the Industrial ...
Rovana Plumb signed a new contract financing SOP
Thursday, August 30, 2012
Minister of Environment and Forests, Plumb Rovana, signed , in Resita, with regional water operator in the county, Anatoly Free, contract financing the project "Modernization of water and wastewater ...
Martifer opens its first solar park in Romania
Thursday, August 30, 2012
Portuguese firm Martifer Solar finalized a 1.5 MW solar park in Vrancea county, in Romania. The project, completed at end July, was connected to the power grid this month. The value of the investment in the park was not yet disclosed. Earlier in May this year, Martifer announced the opening of its Romanian office after signing an agreement for a large-scale photovoltaic installation in Romania. “We’re one of the first players entering the Romanian ...
Romania pushes back power grid connection of remaining villages to 2016, with EUR 230 mln
Thursday, August 30, 2012
Connecting Romania’s remaining villages to the country’s power grid could cost some EUR 230 million by 2016, according to the country’s Economy Ministry. Some 2,200 villages not yet connected to the grid should have electricity by 2016, with most of the funding coming from the state budget. It will cost the state around RON 11,000 to connect a single house to the power grid (around EUR 2,400). Previous Governments promised they would connect these ...
Sterling eyes Black Sea wells, Romania gas liberalization
Thursday, August 23, 2012
Sterling Resources Ltd., Calgary, will resume exploratory drilling in the Black Sea offshore Romania in September 2012 and is encouraged by the Romanian government’s enacting of natural gas liberalization policies. The GSP Jupiter cantilever jackup will drill the Ioana gas prospect to 1,600 m in 91 m of water to target the Mid-Pontian sandstone. It will then move north to drill the Eugenia oil prospect to 2,300 m in 55 m of water ...
Environment Min: We seek pragmatic cooperation with China, mainly regarding investments in renewable energy
Thursday, August 23, 2012
Environment Minister Rovana Plumb stressed on Monday Romania's willingness to develop common projects with China in the environmental protection domain, at a meeting held at the headquarters of the Environment Ministry with the delegation of the Shanghai Women's Federation, accompanied by China's Ambassador to Romania Huo Yuzhen.According to a release of the Ministry of Environment and Forestry (MMP), Rovana Plumb noticed the importance China attaches to this field, ...
Wind park to be built in eastern Romania
Thursday, August 23, 2012
A wind power plant with 41 wind turbines and a total installed power of 143.5 MW will be built at the unincorporated area of the commune of Tulucesti, Galati county (eastern Romania) on an area covering some tens of hectares. The project developed by an Ilfov-based company was granted the environmental approval after 20 months since having submitted the request at the Galati Environmental Protection Regional Agency (ARPM).According to the data included in ...
Coal production, 1.5 percent higher in H1 2012
Thursday, August 23, 2012
The coal production of Romania totalled 3.22 million TOE (tonne of oil equivalent), 1.5 percent higher on a year-on-year basis, according to data centralized by the National Institute of Statistics (INS).During the first half of 2012, Romania imported 320,000 TOE of coal, 125,000 more compared to the amount imported in the first half of 2011.According to a report of British Petroleum, Romania held coal reserves in amount of 291 million tonnes at the end ...
Nine main reasons leading to Hidroelectrica insolvency
Thursday, August 23, 2012
The bilateral contracts with the so-called 'smart-guys,' but also the deficient management, the collective agreement and the non-performing investments were among the nine main reasons leading to the entrance in the insolvency procedure of Hidroelectrica company, according to the report of legal administrator Euro Insolv, presented in a press conference, at the end of last week.Other factors mentioned in the report are the prolonged draught, the energy sales on the ...
CEZ Distribution implementing EUR 50 ml worth of investments with Romanian companies and staff
Thursday, August 23, 2012
The EUR 50 ml worth of investments by power distribution company CEZ Distribution for this year are aimed at the modernization of the power networks in the company's area of ?operation (Dolj, Arges, Valcea, Gorj, Olt, Mehedinti and Teleorman counties), and the projects will be implemented under partnerships concluded with Romanian energy and construction companies.According to CEZ Romania, the major projects include the modernization and SCADA integration of the ...
Japanese Marubeni Co. is interested in buying greenhouse gas emission rights from Romania
Thursday, August 23, 2012
Japanese Marubeni company has been designated by the Japanese state to buy a major share of greenhouse gas emission allowances from the Romanian state, announced on Thursday, on the occasion of the Focus-Energy Conference, Rodin Traicu, State Secretary in the Ministry of Economy, Trade and Business Environment (MECMA). 'It is a Ministerial Order by which someone in the ministry (MECMA - editor's note) was designated to deal with that matter. I had a meeting with ...
Drought in hydro field to reach its peak in October
Thursday, August 23, 2012
The Winter Energy Programme was presented and approved by the Government, and the drought in hydro energy field will reach its top in October, said on Thursday, in the framework of the Focus-Energy Conferences, Rodin Traicu, Secretary of State in the Ministry of Economy, Trade and Business Environment (MECMA).'The environmental impact of drought on the hydro energy field is about 2,000 MW. Level in reservoirs is steadily kept, at around 70 percent, in the attempt to ...
Bloomberg :Romania Plans to Sell 15% Holding in Energy Company Oltenia
Thursday, August 23, 2012
Romania plans to sell a minority stake in a newly formed energy company, Complexul Energetic Oltenia SA to boost its capital, the country’s economy ministry said today. Romania, which formed Oltenia by merging three state-owned thermal power plants and coal mines, will seek to sell a 15 percent stake on the stock exchange to support its investment plans, according to an e-mailed statement But a last ...
Bulgaria's Gas Link with Romania to Be Ready by End-May 2013
Thursday, August 23, 2012
Bulgaria's 25-km gas interconnector with Romania will be completed and functional by the end of May 2013, according to Kiril Temelkov, CEO of the Bulgartransgaz energy company. The construction of Bulgaria's cross-border gas link with its northern neighbor was launched last week. Romania's gas system is not only ...
Petrom won together with Exxon Mobil and Shell a bid for exploitations in the Ukrainian area of the Black Sea
Thursday, August 16, 2012
A consortium made up of Petrom, Exxon Mobil, Shell and Nadra Ukrainy won the bid from Ukraine for the exploitation of oil and gas in the area Skifska in the Ukrainian area of the Black Sea, announced the press in Kiev. The losing part had been offered by the Russian Lukoil Overseas. The announcement was made by Eduard Stavitsky, the Ukrainian minister of Ecology and Natural Resources. ...
Bulgaria starts today the construction of the gas interconnection with Romania
Thursday, August 16, 2012
The construction of the Bulgarian part of the interconnection between the gas networks of Bulgaria and Romania will start on Thursday. The first digging will be made in the presence of the Bulgarian premier Boiko Borisov, the minister of economy and energy Delian Dobrev, the leadership of the Bulgarian company Bulgargaz. Romania will be represented by Liviu Pintican, the deputy general manager of Transgaz, informs the press office ...