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Energy & Environment
Net production of coal increases by 13.6pct in first ten months
Thursday, December 8, 2011
Romania's net coal production increased, in the first ten months of 2011, to 5.54 million tonnes of oil equivalent, being 13.6 percent (663,900 toe) higher as compared to that in the similar period of 2010, according to centralized data of the National Institute of Statistics (INS). From January to October 2011, Romania imported 406,200 net coal toe, with 74,800 toe (15.6 percent) less than the quantity imported in the same period last year. According to a report by ...
Electricity consumption stands at 43.427 bln KWh in first 10 months
Thursday, December 8, 2011
Final electricity consumption in Romania stood at 43.427 billion KWh in the first 10 months, up 3.8 percent compared with the similar period of 2010, while electricity exports totalled 2.299 billion KWh, up 216.7 million KWh, 10.4 percent respectively, according to provisional data the National Statistics Institute (INS) released on Wednesday.Public lighting was down 10.5 percent, while household consumption surged 3 percent. Technology consumption in networks and stations amounted ...
Oil imports fall slightly, natural gas imports surge sharply
Thursday, December 8, 2011
Romania has imported a quantity of 4.625 million tons of crude oil equivalent (toe) in the first ten months of 2011, down 118,300 tons (2.5 percent) compared with the same period of 2010, show figures centralized by the National Institute of Statistics (INS).In the aforementioned period, Romania's oil production stood at 3.298 million toe, down 2.4 percent (80,100 toe) compared with the first 9 months of 2010.According to a study of British Petroleum, Romania ranked 9th ...
Romania Approves Merger of Power Plants, Mines in One Company
Thursday, December 8, 2011
Romania approved the merger of three state-owned thermal power plants and coal mines into a new company called Complexul Energetic Oltenia SA, the country’s Economy Ministry said.Complexul Energetic Craiova SA, Complexul Energetic Rovinari SA, Complexul Energetic Turceni SA and Societatea Nationala a Lignitului SA will merge “to create in the shortest time period a strong and viable company which will ensure the necessary framework for increased efficiency and needed investments,” the ...
MFP estimates to cash over 346 million lei following increase of excise duty on diesel
Thursday, December 8, 2011
The Ministry of Public Finance MFP estimates to receive additional state budget revenues in amount of 346.3 million lei (about 79.609 million euros at the current exchange rate - editor's note) following the increase of excise duty on diesel, as of January 1, 2012, according to the draft modification of the Tax Code elaborated by the MFP. The excise duty on diesel will increase from January 1, 2012 by 4.4 percent, from 358 euros tonne to 374 euros tonne, respectively from ...
Romania natural gas consumption at 104.1 mln MWh in 9 months
Thursday, December 8, 2011
The Romanian natural gas consumption totaled 104.1 million megawatt per hour (MWh) in the nine months of this year, up by some 3.48 percent from Jan.-Sept. 2010, when Romanians used 100.987 million MWh of gas, show figures centralised by the National Energy Regulatory Authority.The domestic natural gas production in Sept. accounted for 75.85 percent of overall resources, with the top-two producers - Romgaz and Petrom respectively - providing 95.94 percent of it.The ...
Minister of Economy Ion Ariton: Majority stakes at large energy companies will not be sold
Thursday, December 8, 2011
The Government will not put on sale the majority stakes at the large energy companies, such as Romgaz, Transgaz or Hidroelectrica, said Minister of Economy Ion Ariton on Monday. The leaders of the aforementioned ministry analysed a month ago the schedules of the privatization processes together with the representatives of the International Monetary Fund (IMF), both for the companies the state is going to fully privatize. The Ministry of Economy was decided to speed up the process to sell ...
Modernization program at Rafo, estimated at 740 million euros
Thursday, December 8, 2011
The final report of the analysis undertaken in November, by a group of Romanian and foreign experts in matters of oil refining and petrochemistry, on the application within two years at Rafo Onesti Co. of the most important and complex investment plan, will be studied by the majority shareholder by December 9, as well as by the Board of Directors and project sponsors in order to take the final decision.''Since 2012, there are real chances to begin implementation of the ...
EBRD extends over 17 mln euros to upgrade Sibiu county water system
Thursday, December 8, 2011
The European Bank for Reconstruction and Development (EBRD) is offering a 17.1 million euros loan to the Water-Sewerage Company based in the central Sibiu county to upgrade the drinking water services quality for the county's nearly 280,000 locals.According to a EBRD release, the money will be used to co-fund the building, extension and rehabilitation of the water network as well as of the water treatment system. The project is part of the European Union Programme of the Cohesion ...
Unit 1 of Cernavoda NPP produces over 83 million MWh in 15 years of activity
Thursday, December 8, 2011
Unit 1 of Cernavoda Nuclear Power Plant (south-eastern Romania) produced 83.121 million MWh in 15 years of commercial functioning, according to a release of Nuclearelectrica. Unit 1 of NPP Cernavoda on Friday enters the 15th year of commercial activity since its opening in 1996.According to the international statistics, Unit 1 in July 2011 ranked fifth in the chart of nuclear units worldwide and first in Europe, having an average capacity factor of over 96 percent in the past three ...
Enel invests 90 million euros in remote control centre for Muntenia area
Thursday, December 1, 2011
Enel Romania on Tuesday opened the new remote control centre for the Muntenia area. The total investment amounts to 90 million euros.The remote control system has already been introduced in Banat (south-western Romania) and Dobruja (south-eastern Romania), where the annual average duration of power cuts per consumer dropped by more than 50 percent from 2007. The implementation of the remote control programme started in Bucharest, Ilfov and Giurgiu (southern Romania) in ...
Rompetrol drills first well in Romania
Thursday, December 1, 2011
Rompetrol Group, through the Drilling Division, has recently started drilling its first well in Romania, in Filipestii de Padure zone, Prahova County southern part of the country , the required investment for the acquisition and operating the installation rising to over 8.5 million dollars, according to a company release.This operation is part of a service contract concluded by Rompetrol SA with OMV Petrom in order to achieve, by 2015, some drilling works in perimeters in Romania. ...
Romania May Opt for Minority Stake in Tarnita-Lapustesti Plant Project
Thursday, December 1, 2011
Romanian state-run hydropower plant Hidroelectrica may opt for a minority stake in Tarnita-Lapustesti pumped-storage hydropower plant project, the company's general manager said."This investment [project] will continue [...]. I think it would be interesting to tell you that we have made our options more flexible. We are open to have [either] a majority or a minority stake, depending on the results of the negotiations with our partners," Constantin Trihenea said at an energy forum organised ...
Government prepares listing of gas producer Romgaz Medias
Thursday, December 1, 2011
The Ministry of Economy, Trade and Business Milieu (MECMA) announced they expect offers submitted by brokerage houses and consortia interested in brokering the listing on the stock market of the natural gas producer Romgaz Medias, one of the most profitable companies in the Government portfolio. That would be the most important offering on the Bucharest Stock Exchange (BVB) since it was created, even more important than that of Petrom this year, since it would mark the listing on ...
EBRD encourages more private initiatives in Romania's energy sector
Thursday, December 1, 2011
The European Bank for Reconstruction and Development (EBRD) is interested in the initiatives of Romania's privately-owned energy companies, which it encourages to develop projects that will boost their market competitiveness, EBRD Energy Utilities Senior Banker Louis Borgo told The Economist conference 'Analysing Romania's future economic potential' on Thursday in Bucharest.Borgo said the EBRD would like to see more private initiatives of the energy sector, as that would lead to ...
Energy savings deal pushed back to 2012
Thursday, December 1, 2011
EU energy ministers reiterated their opposition to binding energy savings targets at a meeting last Thursday (24 November), leaving a political agreement for the incoming Danish presidency in the first half of 2012, EurActiv has learned. Poland, which currently holds the six-month rotating EU presidency, presented a progress report on the draft energy efficiency directive at a meeting of the Energy Council on Thursday (24 November).The report included amendments pushed by member ...
Joint statement regarding environment protection between Romania and Israel
Thursday, December 1, 2011
Romania and Israel signed on Thursday in Jerusalem a joint statement for a cooperation in the field of environment protection, announced the Romanian Ministry of the Environment and Forestry. Thus, Minister Laszlo Borbely signed together with his Israeli counterpart Gilad Erdan the joint statement of intent on the environment protection, an event which took place on occasion of the Romanian-Israeli inter-governmental meeting held in Jerusalem. The general cooperation fields ...
Nuclearelectrica's share capital to surge 11.077 pct through capital contribution
Thursday, December 1, 2011
The share capital of Nuclearelectrica will increase by 11.077 percent through a capital contribution to issue a new share package accounting for 10 percent of the company's share capital within a initial public offering and for the private shareholders to exert the right of preference regarding the submission of a 1.077 percent package of the current share capital, according to a resolution draft on which the Economy Ministry launched a public debate.The draft law approved the ...
Franklin Templeton: Dramatic changes could occur in case of energy companies
Thursday, December 1, 2011
The objective of Franklin Templeton is a growing share of the listed companies in the portfolio of Proprietatea Fund, given that dramatic changes could occur in the case of energy companies, said on Wednesday, the Executive Vice-President, Portfolio manager of Franklin Templeton Investment Management Limited UK, Bucharest Branch, Grzegorz Konieczny, in a press conference.'The Fund's portfolio is dominated by energy companies. Dramatic changes can take place soon in this sector. We ...
Nabucco consortium: Gas supply can be made the other way around from West to East
Thursday, December 1, 2011
Supplying natural gas by the Nabucco pipeline can be made the other way around, from West to East, in case of demand on the market, said Christian Dolezal, head of communication and PR department of Nabucco Gas Pipeline International, during the conference 'Analysing Romania's future economic potential,' held by 'The Economist' group in Bucharest. 'Nabucco gas pipeline can supply both ways, not only from East to West but the other way around, if the market demands it. For instance, ...