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Energy & Environment
Borbely: Romania, mouthpiece for states that require carryover of certificates on greenhouse gas emissions
Thursday, February 23, 2012
Minister of Environment and Forests Laszlo Borbely said on Friday, in Targu Mures (center), that he hopes Romania could trade its certificates on greenhouse gas emissions starting with April, but that meantime it has changed into the voice speaking for the states that require the carryover of these certificates until 2014.'In connection with these AAUs, which will be carried over, or not, after 2012, we have made a very strong lobby and we are the mouthpiece for those countries in ...
Hard times for carbon storage, solar power
Thursday, February 23, 2012
Europe's record-low carbon prices are making carbon capture and storage (CCS) technology more of "an annoyance" in the absence of additional incentives, a delegate told a Brussels conference where policymakers and energy experts assessed the EU's energy strategies in the light of the economic downturn.The comeback of nuclear energy and fossil fuels as well as hard times for solar energy and technologies such as carbon capture and storage (CCS) were the highlights of a conference ...
Metrorex is licensed to buy and sell electricity
Thursday, February 23, 2012
The Romanian Energy Regulatory Agency (ANRE) licensed the Bucharest-based Subway Metrorex Company to buy energy directly from the market, ANRE web page informs.For a start, Metrorex may buy electricity from the Romanian electricity market operator OPCOM,and sell it to companies conducting similar transport activities such as the Bucharest Public Transport Authority (RATB) or the Romanian Railways Company (CFR).Metrorex could buy energy and sell it to CFR given that the latter's ...
Bloomberg:Romania’s Transelectrica Sued Over Wind-Park Grid Connection
Thursday, February 23, 2012
Romania’s Eolica Dobrogea SRL sued the country’s energy regulator, ANRE, and power-grid operator Transelectrica SA, for refusing to connect a wind park to the national grid, Transelectrica said.Eolica, which is building wind parks in Romania for Spain’s Iberdrola Renovables SA, is claiming damages of 118 million euros ($157 million) a year from the grid operator for not connecting the company’s Cogealac park to the national power grid, according to a statement to the Bucharest Stock ...
33,699 green certificates traded on OPCOM in February
Thursday, February 23, 2012
The number of green certificates traded in February 2012 on the Green Certificates Centralized Market amounted to 33,699 units, being by 22,533 units higher than the number registered in the similar period of last year, when 11,166 green certificated were traded, according to he data released by the Green Certificates Market Operator OPCOM.In February this year, 15 buying offers and 18 sale offers have been launched. The closing price stood at 241.04 lei per certificate.In the ...
Petrom: Sales soar due to higher fuel price and larger amounts sold
Thursday, February 23, 2012
OMV Petrom sales went up by 21 percent in 2011 as compared to 2010 as the prices for crude oil and fuel went up, company financial manager Daniel Turnheim told a press conference on Wednesday. 'The sales went up by 21 percent in 2011 due to the higher prices for crude oil and fuel and to the larger amounts of natural gas sold,' Daniel Turnheim said. Petrom reported a record sales volume of 22.61 billion lei in 2011. The company made investments worth 30 billion lei ...
European Commission approves aid for closure of three coalmines in Romania
Thursday, February 23, 2012
The European Commission has authorised RON 1,169 million (approximately 270 million euros) of public funding for the closure of three uncompetitive coal mining units owned by National Hard Coal Company JSC Petrosani (CNH SA) - the Petrila, Uricani and Paroseni collieries in the western county of Hunedoara.The commission found the measure to be in line with EU state aid rules because production aid will decrease over time and Romania committed to carry out accompanying measures to ...
Natural gas market in Romania grows 3 percent in 2011
Thursday, February 23, 2012
The natural gas market in Romania grew in 2011 by 3 percent, from 13.8 billion cubic metres to 14.2 billion cubic metres due to the evolution of industry, OMV Petrom managing director Mariana Gheorghe told a news conference on Wednesday. 'The natural gas market in Romania grew in 2011 by 3 percent, from 13.8 billion cubic metres to 14.2 billion cubic metres. The increase in the consolidated gas sales was in line with the growth of the market so that they increased by 3 percent, to ...
Grid blackout threat weighs on renewables take up
Thursday, February 16, 2012
After years of trying to persuade sceptics, the renewable energy industry continues to face an uphill battle in convincing power producers that integrating more renewable energies like wind and solar will not put the electricity grid in jeopardy. The policy chief of Europe’s electricity industry association has told EurActiv that Europe will have to slow down its integration of renewable energies or risk power cuts and systems instability because of the slow pace of cross-border grid ...
Gas import, up by 38.8 percent in 2011
Thursday, February 16, 2012
Romania imported in 2011 an amount of usable natural gas of 2.546 million tonnes of oil equivalent, 38.8 percent higher than the same period last year, according to data centralized by the National Statistics Institute.During the aforementioned period, the local production of natural gas amounted more than 8.58 million tonnes of oil equivalent, 20,900 more than in 2010.A survey conducted by British Petroleum reveals that the proved reserves of natural gas in Romania ...
Net coal production goes up 14.4 pct , in 2011
Thursday, February 16, 2012
Romania's net coal production amounted to 6.748 million toe, in 2011, namely by 14.4 percent (849 toe higher than that of 2010, National Statistics Institute (INS) data say.Romania imported 600,000 toe net coal in 2011, by 55,000 toe, namely 10.1 percent more than a year before.British Petroleum report reads that Romania owned coal reserves amounting to 291 million tonnes, in end 2010. ...
PwC : Significant decrease in number, value of transactions in energy sector
Thursday, February 16, 2012
Romania has recorded a significant decrease in the number and value of transactions in the energy sector, especially on the segment of conventional energy, reads the Annual Report of PwC, Power Deals.In the area of renewable energy, one may notice efferverscence of announced projects, but quite few transactions, because the big players interested in wind energy sector have already bought the necessary projects, the PwC study also reads. 'The same as most European markets, ...
Transgaz profit up 4.16 pct in 2011
Thursday, February 16, 2012
The National Natural Gas Transport Company Transgaz Medias reported a net profit of nearly 90 million euros (392.022 million lei) in 2011, up 4.16 percent compared to that posted in 2010, according to a release the company sent to the Bucharest Stock Exchange (BVB).The company's all-in revenues surged by 6.51 percent (89.603 million lei) compared to 2010, standing at 1.466 billion lei, mainly thanks to the quantity of transported natural gas, higher by 5.127 million MWh and the ...
MECMA: Electricity supply and exports to be limited or halted Feb. 16 - March 15, 2012
Thursday, February 16, 2012
The Transelectrica National Electricity Transmission Corporation might limit or halt electricity exports or limit electricity supply February 16 - March 15, 2012, given that bad weather is forecast to extend throughout February, reads a draft Government decision published on Monday by the Ministry of Economy, Trade and Business Milieu (MECMA).These measures could be applied in succession until a balance is reached between output and consumption and the minimum reserves required for ...
EU climate chief calls for ‘much care’ on biofuels
Thursday, February 9, 2012
The European Union's climate commissioner, Connie Hedegaard, has warned about expanding the use of biofuels as the EU executive finalises an assessment of the potentially damaging effects they may have over the earth's climate. She spoke to EurActiv as part of a wide-ranging exclusive interview on sustainability issues.A draft Commission impact assessment, obtained by EurActiv last week, indicates that the greenhouse gas emissions from biofuels such as palm oil, soybean and rapeseed may ...
Two Cernavoda reactors produce 10.728 mln MWh in 11 months
Thursday, February 9, 2012
The two reactors of Cernavoda Nuclear Power Plant produced some 10.728 million megawatt hour (MWh) of electric power in the 11 months of 2011, with 8.987 million MWh of which having been delivered to the National Energy System, reveal figures released by company Nuclearelectrica on its website.Thus, Unit 1 produced 5.604 million MWh in the 11 months and supplied more than 5.146 million MWh, recording an average capacity factor of 99.5 percent.Unit 2 produced 5.123 million ...
Hidroelectrica: Price of energy delivered under bilateral contracts can rise by 20-25 percent
Thursday, February 9, 2012
The quantity of energy supplied by Hidroelectrica under the bilateral contracts might go down by 20 percent following the negotiations held by the above-mentioned company with its partners, whereas the price might rise by 20-25 percent, Hidroelectrica managing director Dragos Zachia Zlatea told a conference of the Romanian National Institute for Studying Arrangement and Use of Energy Sources.'Negotiations go on and our final target means a 25-25 percent rise in the price and a ...
Suppliers May Ease Costs Faced By Romanian Power Grid Operator Under Cold Weather
Thursday, February 9, 2012
Increased energy consumption in this interval, caused by low temperatures, will generate an increase in costs, which will paid by consumers and possibly suppliers, Friday said Marian Cernat, director within Romania's power grid operator Transelectrica (TEL.RO). "Energy consumption rose because of the cold, all plants are running and the costs will be covered by consumers, but only after the regulators approve it. Some of the energy bill might be covered by suppliers," Cernat told a news ...
Higher prices for power and natural gas to be discussed with IMF mission in April
Thursday, February 9, 2012
Minister of Finance Gheorghe Ialomitianu announced on Sunday in a press conference held in Brasov (central Romania) that an increase in the price of natural gas and power will be discussed with the IMF mission on April.'We do not have in the current letter of intent with the IMF the items related to the increase in the prices for natural gas and power. This is going to be discussed in April when the IMF representatives come to Bucharest, the moment the prices will go up and by how ...
Jeffrey Franks(IMF): Price of natural gas for population will not go up in 2012
Thursday, February 9, 2012
There is no plan to increase the price of natural gas for the household consumers in 2012, stressed on Sunday the IMF mission chief for Romania Jeffrey Franks at the end of the evaluation mission in Bucharest. We are having in mind a more gradual adjustment over a longer period of time, starting on 2013, Jeffrey Franks said. Jeffrey Franks showed that 'the prices in the energy sector should reflect expenses as real as possible. The Romanian people are losing around 175 to 275 ...