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Energy & Environment
Romanian authorities to discuss, on Thursday, with IMF delegation timetable of energy and gas market liberalization
Thursday, August 2, 2012
Romanian authorities will present to the official delegation of the International Monetary Fund, European Commission and World Bank the set timetable for liberalization of the market of electricity, starting on September 1, 2012 and for the liberalization of the natural gas market from December 1, 2012 .The first technical discussions will take place on Thursday, when officials of the international institutions will meet with the management of the ...
Environment Minister considers that revaluation is necessary in Cupru Min case
Thursday, August 2, 2012
Cuprin Min revaluation is necessary, the same as all the projects related to natural resources, Rovana Plumb, Minister of Environment and Forests, told AGERPRES on Wednesday.'We need this process /Cupru Min revaluation - editor's note /, the same as we need all these revaluations of all that keeps to the natural resources. It is a commitment we all assumed under the governance program and I am determined to observe it. At present the company is in ...
Deadline for drawing money from EBRD to shutdown mines is prolonged
Thursday, August 2, 2012
The deadline for drawing money from the loans the European Bank for Reconstruction and Development (EBRD) gave Romania to shutdown mines and to rehabilitate the environment and for social and economic regeneration, has been prolonged from May 30 to Oct 31, 2012 to complete the unfinished works, Government spokesman Andrei Zaharescu said after the government meeting, on Tuesday July 31.The meeting's agenda scheduled the Decision on the approval of the ...
Bloomberg News : Romania Seeks $464 Million From Company Stake Sale to Enel
Thursday, August 2, 2012
Romania may raise an estimated 377 million euros ($464 million) from the sale of a minority stake in energy company Electrica Muntenia Sud to its owner, Italy’s Enel SpA (ENEL), this year. The Bucharest-based Cabinet approved a memorandum today to go ahead with the sale of a 13.57 percent stake in the power company to Enel by December, Andrei Zaharescu, a government spokesman said in a phone interview today. The administration will hold talks with Enel to ...
BLOOMBERG : Biogas Nord Builds First Romania Plant in $8 Million Contract
Thursday, August 2, 2012
Biogas Nord AG (BG8), a German company that’s built 350 biogas plants, will construct its first Romanian plant in a 6.6-million euro ($8 million) contract.The 3-megawatt project, which generates power by burning gas made from organic waste, will be commissioned at the end of 2012 or the beginning of 2013, according to a statement from the Bielefeld, Germany-based company. Romanian biogas has “huge potential” because ...
Rompetrol to kick off drilling in Focsani perimeter
Thursday, August 2, 2012
Rompetrol Group plans to soon kick off, through its Upstream Division, drilling at the first geological prospecting well in the Focsani perimeter, for which the company holds the concession since 2005.According to a release, exploration well Kaz 1 is located in the north-west of the perimeter, near the settlement of Fitionesti (Vrancea county, north-east of Bucharest) and has a projected depth of approximately 4,200 meters. At the same time, with a view to further ...
As many as 36,9000 green certificates are traded on OPCOM, in July
Thursday, August 2, 2012
As many as 36,9000 green certificates namely 15,200 in the first session and 21,700 in the second session, were traded on the Centralized Green Certificates Market (PCCV), in July 2012, read data OPCOM energy market operator made public.Five purchase and 32 sale bids were launched and the closure price amounted to 241.05 lei per certificate in the first July session. Eight purchase and 26 sale bids were launched in the second session, when the closure price was ...
Draft project worth 353M euros to improve Bucharest sewerage network
Thursday, August 2, 2012
Ministry of Environment and Forests (MMP), Bucharest City Hall (PMB) and the Romanian National Waters Management (ANAR), on Thursday, signed a cooperation protocol on the achievement of a projects worth 353 million euros, funded by the Sectoral Operational Programme Environment, to finalize and improve Bucharest Municipality ‘s sewerage network. Minister of Environment and Forests Rovana Plumb and Bucharest Mayor Sorin Oprescu signed the ...
EurActiv:Brussels rolls out carbon market fix
Thursday, August 2, 2012
The European Commission has announced a twin-track approach to fixing Europe’s depressed carbon market with a short-term ‘backloading’ of carbon allowances, to be followed by proposals for long-term structural change before the end of the year.As EurActiv revealed yesterday, the Commission’s proposal suggests reducing the number of credits in the swollen Emissions Trading System (ETS) by delaying the release of 400 million, 900 million or ...
Economy minister: Three Hidroelectrica contracts left to be re-negotiated
Thursday, July 26, 2012
The re-negotiations of the bilateral contracts of hydro-electric power producer Hidroelectrica will go on for three of them, in the industrial sector, Economy Minister Daniel Chitoiu said after the Government's meeting on Wednesday.'The biggest loss-incurring contracts were renounced; three contracts in the industrial sector are left to be re-negotiated, with these to be renounced or re-negotiated in accordance with the market conditions: the ...
EcoMin: Investor's assent needed to declassify Rosia Montana exploitation license
Thursday, July 26, 2012
The government will decide to declassify the exploitation license of the Rosia Montana gold mining project following a relevant request in writing by the National Agency for Mineral Resources (ANMR), but the investor's assent is also needed for that, Minister of Economy Daniel Chitoiu said on Wednesday after the government's meeting.'The contract is public, it isn't classified. The secret document is the exploitation license, which is managed by ANRM. ...
Govt approves budgets for 17 energy companies, more seven of defense industry come next
Thursday, July 26, 2012
The Government approved the revenue and expenditure budgets for 17 companies subordinated to the Ministry of Economy, Trade and Business Environment (MECMA), and those for more seven companies of the defense industry will be passed next week, Minister of Economy, Trade and Business Environment Daniel Chitoiu said after the Government Wednesday sitting.'In terms of the structural adjustment measures agreed upon with the international financial bodies, ...
China Huadian Engineering Co. to invest 1 billion dollars to build new energy group at Rovinari
Thursday, July 26, 2012
China's Huadian Engineering Co., winner of the tender to build a new energy group of 500 MW at Rovinari, will invest over one billion dollars in these works, announced the Ministry of Economy, Commerce and Business Environment (MECMA).'The Chinese company's technical team has paid, on July 23, a visit to Rovinari, to collect technical data, and at the end of this process the project company is going to be set up, in charge with effective construction ...
Nabucco West Selected as Central European Delivery Route by Shah Deniz Consortium
Thursday, July 26, 2012
The Shah Deniz II Consortium announced on 29 June that it had selected the 1300 km Nabucco West project as its delivery option through Central Europe, beginning an eventful phase in the project’s development. The announcement of the Shah Deniz Consortium was welcomed by the European Commissioner for Energy, Günther Oettinger. He commented: "With this pre-selection, we are a step closer to getting gas directly from Azerbaijan and other countries in the ...
Surprise carbon market 'backload' proposal on the cards
Thursday, July 26, 2012
The European Commission's proposal to fix the beleaguered Emissions Trading System (ETS) Wednesday (25 July) includes scenarios for ‘backloading’ a massive 400 million, 900 million, or 1.2 billion carbon allowances, EurActiv understands. Little of substance had been expected to be announced in the proposal, aimed at raising the price of carbon, currently languishing at €7 a tonne, down from a high of €20 a tonne in 2008. But sources say it ...
EDP Renovaveis Romanian Wind Farms May Get $70 Million From EBRD
Thursday, July 26, 2012
The European Bank for Reconstruction and Development may loan 58.2 million euros ($70 million) to two Romanian wind farms owned by EDP Renovaveis SA (EDPR), the world’s third-largest wind energy company. The money will be used to complete connections to the national grid and for testing, Ina Coretchi, a spokeswoman for the EBRD, said by e-mail. The 33-megawatt Sarichioi and 24- megawatt Vutcani sites in eastern Romania started up this year. Romania is ...
Europe’s offshore wind power capacity up 50% in a year
Thursday, July 26, 2012
Europe’s offshore wind capacity soared by 50% in the first half of 2012, compared to a year before, figures from the European Wind Energy Association (EWEA) show. The association’s ‘key trends and statistics’ report says that 132 new offshore wind turbines, providing 523 megawatts (MW) of power were fully connected to the grid in the first six months of 2012, compared to 348.1 MW in the same period in 2011. The figures for wind turbine ...
EU energy chief warms to offshore oil and shale gas
Thursday, July 26, 2012
Europe is at a competitive disadvantage because of a reluctance to take risks on offshore oil drilling and tar sands, and a failure to fully explore its shale gas options, EU Energy Commissioner Günther Oettinger says. Speaking at an energy conference in Brussels on 17 July, Oettinger expanded on his recent call for Europe to add a fourth target - a 20% industrial contribution to GDP - to the EU’s three 2020 ...
EcoMin Chitoiu expecting ANRE's decision on energy to be switched to free market for trading
Thursday, July 26, 2012
The National Energy Regulatory Authority (ANRE) is looking into the possibility of reducing the quantity of electricity traded on the regulated market, so as to meet only the demand of individual and institutional users, and next week it will notify the Ministry of Economy, Trade and the Business Milieu (MECMA) about the quantity of electricity that can be traded on the free market, Economy Minister Daniel Chitoiu told a news conference on Friday.'I ...
Romania's Jan - April natural gas consumption at 63.673 mln Mwh
Thursday, July 26, 2012
A quantity of 8.23 million tons of goods was loaded/unloaded in the Romanian Black Sea ports in the first quarter of this year, reveal statistic figures from the Ministry of Transport and Infrastructure.Loaded goods totalled 4.23 million tons, while the discharged ones amounted to 4 million tons. As much as 76,000 tons of merchandise was carried by sea in the national territory and 8.154 million tons in the international waters in Jan.-March. A thousand ...