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Energy & Environment
Bloomberg : Enel Gets 180 Million-Euro Loan for Wind Parks
Thursday, May 3, 2012
Enel Green Power SpA (EGPW), the renewables unit of Italy’s biggest utility, signed a 180 million-euro ($237 million) financing agreement with Denmark’s export credit agency and Citigroup Inc. (C) to fund wind projects abroad. The 12-year loan will help fund the 120-megawatt Zephyr I wind farm in Romania, the 200-megawatt Caney River project in Kansas and the 90-megawatt Cristal venture in Brazil, Enel Green Power ...
Martifer Solar opens Romanian office after singing ‘large scale’ solar energy project
Thursday, May 3, 2012
Martifer Solar recently opened its official office in Bucharest, after having signed an agreement for a large-scale photovoltaic installation in Romania, the company has announced, without giving details about the project. “We’re one of the first players entering the Romanian ...
Romania's review on nuclear safety does not provide enough details about seismic risk (report)
Thursday, May 3, 2012
The report on the nuclear safety drawn up by Romania fully respects the requests of the European stress tests, but does not approach properly the issue of the cliff-edge effects in the running of the Cernavoda nuclear plant (south-eastern Romania), in case of earthquakes or natural hazards, the European Nuclear Safety Regulators Group (ENSREG) reported on Thursday.The report released by Romania within the so-called stress tests conducted last year in the EU-member ...
Decision to finance Getica project to be made in late 2012
Thursday, May 3, 2012
The decision to fund the carbon capture and storage (CCS) project Getica will be made in late 2012, said the representative of the Institute of Energy Projects and Studies Carmencita Constantin during a conference on renewable energy.'We have successfully concluded the technical and financial assessment of Getica project, but this is not yet officially confirmed by the European Commission. The decision to finance will be made late this year when the government ...
Petrom production slumped, natural gas sales surged and so did the price of petrol
Thursday, May 3, 2012
OMV Petrom production of oil and gas went down slightly over the first quarter and the sales of natural gas of the company went up following the low temperatures, reads a report presented by the Austrian group OMV, the majority shareholder of the major Romanian company.The cold weather affected OMV Petrom's production but increased the demand for gas, as the company reported higher amounts extracted out of the storage facilities. OMV Petrom managed to improve the ...
Romanian Center of Energy opens an office in Brussels
Thursday, May 3, 2012
The Romanian Center of Energy (CRE), a professional organization that represents the interests of the Romanian energy sector both state-run and private, has opened on April 25, its office in Brussels, Agerpres said..The founding members of this new Romanian organization are Electrica SA, Emon Electric SA, Energobit, Eximprod SA, Hidroelectrica SA, IMA-Partners, Nuclearelectrica SA, Retrasib Sibiu, SC Monsson Invest Group, Termoelectrica SA, Tractebel, ...
Minister Korodi: Rosia Montana investor must come up with industrial waste management plan
Thursday, April 26, 2012
The Rosia Montana Gold Corporation (RMGC) will have to come up with an industrial waste management plan, and the Ministry of the Environment and Forestry will have 60 days to look into the document at a meeting of the technical assessment board, Environmental Minister Attila Korodi told a news conference on Wednesday. 'The conversation with the company is over now on most of the technical issues for Rosia Montana. The company that wants to develop gold mining there has provided ...
EC starts in-depth investigations on preferential tariffs for electricity granted by Hidroelectrica
Thursday, April 26, 2012
The European Commission announced on Wednesday that they are going to initiate five separate in-depth investigations to assess whether Hidroelectrica company, the Romanian state-owned power producer, has purchased or sold electrical power at preferential prices to several power traders, industrial clients and power producers. The purpose of these alleged actions undertaken by Hidroelectrica might have been to grant favours to the beneficiaries by cutting the operating costs, by ...
Government grants 127 million lei to CNH to shut down non-profitable mines
Thursday, April 26, 2012
The government decided on Tuesday to grant an aid in amount of 127 million lei to the National Company of Black Coal (CNH) Petrosani to help them shut down three mines that are no longer lucrative.The government aid is for 2011, said government spokesperson Dan Suciu.'This is a government aid in amount of 127 million lei. This is for 2011, when the company did not benefit from aid,' Suciu said.The three mines, Petrila, Paroseni and Uricani ...
Natural gas consumption totals 38.167 mln MWh in two months of 2012
Thursday, April 26, 2012
The Romanian natural gas consumption totalled 38.167 million megawatt per hour (MWh) in the first two months of 2012, by 1.8 percent lower on last Jan. and Feb., when it amounted to 38.482 million MWh, reveal figures centralised by the National Energy Regulatory Authority.The domestic natural gas production put to consumption accounted for 64.26 percent of the overall resources in Feb., with the top-two producers - Romgaz and Petrom respectively - supplying 98.39 ...
Funds needed for National Electrification Program amount to about 230 million euros
Thursday, April 26, 2012
The amount necessary to implement the National Electrification Programme 2012-2016, aimed at supplying electricity to villages still lacking it, amounts to 226.5 million euros (990 million lei), according to a draft Government Decision, in ongoing public debate on the website of the Ministry of Economy, Trade and Business Environment. The program is focused on completion of the electrification of remote urban and rural communities and expansion of the existing ...
Oettinger: Energy savings target still possible
Thursday, April 26, 2012
The European Commission and the Danish EU presidency said the Energy Efficiency Directive could "realistically" come together in the next couple of months, despite member states' consistent watering down of the proposal. "I think realistically a solution is possible under the Danish presidency," Energy Commissioner Günther Oettinger told journalists on Friday (20 April) after an informal energy council meeting in Horsens, Denmark. A deal to ...
Romgaz, pre-qualified bidder for exploring energy resources in Iraq
Thursday, April 26, 2012
Romgaz Company is on the list of pre-qualified bidders for the exploration rights of energy resources placed on tender by the Iraqi authorities on May 30-21, 2012, according to a release of the Oil Ministry of Iraq.Romgaz is among the 47 companies pre-qualified in the tender process for 12 exploration blocks, with the average size of 6,500 square km. According to the cited source, the winning companies or consortiums will carry out exploration, evaluation, ...
Piebalgs: EU energy aid to include gas, exclude biofuels
Thursday, April 26, 2012
Some of the EU’s millions of euros of energy aid to the developing world could be spent on gas projects, EU Development Commissioner Andris Piebalgs has told EurActiv. But biofuels, nuclear and coal energy will not be funded. “I cannot exclude that we will be in gas, particularly gas flaring projects,” Piebalgs said yesterday (16 April). “We would like to support a very clean energy mix [and] in some cases gas could be supported. At least I ...
European Parliament shoots down Commission’s energy tax plan
Thursday, April 26, 2012
Conservatives in the European Parliament delivered a setback for European Commission plans to erase tax benefits for diesel fuel, saying that a period of austerity and high fuel costs is not the time for such moves. MEPS voted 374-217, with 73 abstentions, for an overhaul of the EU executive’s year-old draft energy taxation directive that would require members states to end their practice of taxing diesel fuel at lower ...
Ioan Enciu: Directive on energy products and electricity taxation could have a serious impact on Romania
Thursday, April 26, 2012
The adoption of the new directive on energy products and electricity taxation could have a very serious social impact on Romania, where 'tough measures have been already imposed on the citizens, such as mass lay-offs, wage cuts or tax increases,' Social Democratic Party Euro-Deputy Ioan Enciu on Wednesday told the European Parliament, convened in plenary seating in Strasbourg.Within the debates in the EP plenum on the directive on energy products and electricity ...
Romanian tribunal rules in favour of Gabriel Resources' Rosia Montana project
Thursday, April 19, 2012
Gabriel Resources (TSE:GBU) Wednesday reported that a decision of the Cluj Tribunal ruled in favour of the company’s Romanian subsidiary, Rosia Montana Gold Corporation.In its ruling, the Tribunal rejected an action filed by two non-governmental organizations requesting the cancellation of the Urbanism Certificate 87/2010 (UC87) issued for the Rosia Montana gold project. Gabriel ...
Privatization procedure for Cupru Min set to continue, in compliance with current laws
Thursday, April 19, 2012
The Ministry of Economy, Trade and Business Milieu will continue the privatization procedure for Cupru Min company, in compliance with the current law, according to a release sent by the Ministry.The representatives of the Office of State Ownership and Privatization in Industry (OPSPI) met those of Roman Copper company on Tuesday, following the request of the Canadian company made to the government last week. 'In the spirit of transparency ...
EIB grants 32.65 mln euros for investments in Paroseni plant
Thursday, April 19, 2012
The Government on Wednesday approved the bill on the ratification of the Funding Contract between Romania and the European Investment Bank (EIB), worth 32.65 million euros, funds to contribute to the implementation of the environmental investment program of the Paroseni thermoelectric power plant.Romania will contribute an equal amount to finance the project, with the Public Finance Ministry contracting public debt instruments. The all-in value of the ...
Hidroelectrica has investment of 1,557 billion lei for 2012
Thursday, April 19, 2012
The Hidroelectrica company has investment for 2012 worth 1,557 billion lei, with 47,485 million lei higher than those of 2011, according to the income budget and expenditure published in the Official Gazette. Approximately 60% of the investment ( 890 million lei) will be made out of own resources, and the rest from foreign bank loans – 410 million lei and from other sources – 257,485 million lei. Total income of the society were estimated ...