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Energy & Environment
Hidroelectrica's energy production, estimated at over 6mln MWh in 2011-2012 winter
Thursday, July 28, 2011
Hidroelectrica company will generate October 2011 - March 2012 an electricity quantity of 6.138 million MWh, according to the forecasts in the Draft Decision regarding the 2011-2012 winter programme in energy, posted on the website of the Ministry of Economy, Trade and Business Environment.The highest energy quantity is estimated to be generated in March 2012 - 1.411 million MWh, and the smallest one in October 2011 - 871,234 MWh.For the October 2011 - March 2012 period, ...
Romanian Govt Starts Procedures To Sack 1,300 People In State-Owned Energy Companies
Thursday, July 28, 2011
Romania’s Government on Wednesday decided the start of procedures to lay off 1,300 employees of several state-owned energy companies this year, and laid off workers will get severance pay and unemployment aid until 2014.The Cabinet approved a government decision restructuring staff of Economy Ministry-controlled energy companies in Wednesday's meeting.According to the list approved by the Government, the mining company CNH will lay off 900 employees, thermal power producer Termoelectrica ...
Gabriel Resources shares up after key permit granted for Romanian project
Thursday, July 21, 2011
Shares of Gabriel Resources Ltd. (TSX:GBU) were up more than 10 per cent after the company said it has been granted a key permit for its Rosia Montana gold and silver project located in Romania.The company said Thursday it has been granted an archaeological discharge certificate for the Carnic open pit at the mine. Gabriel said it expects to report its second-quarter results and update the rest of its permitting approval process on Aug. 3. Gabriel owns an 80.46 stake in the Rosia ...
PM Boc: Romania may sell its carbon emission allowances by December 2011
Thursday, July 21, 2011
Prime Minister Emil Boc told B1 TV commercial television channel on Thursday evening that it is not true that Romania lost the possibility of selling carbon emission allowances, saying that such allowances may be sold by December 2011.Asked if the inflation is clear that Romania lost the opportunity to sell carbon emission allowances worth almost 3 billion euros some years ago, Boc denied, insisting that the allowances may be sold by December 2011.'There is a board made ...
EU Commission okays support scheme through green certificates for Romania
Thursday, July 21, 2011
The Competition Council received the official decision reading that the EU Commission approved the support scheme for electricity produced out of renewable energy sources, through mandatory electricity quotas combined with the trade of green certificates, informs a release issued by the National Competition Authority. 'The scheme was stipulated in the Law 2202008, but it failed being enacted as the support measures under its provision were a state aid, and they required the EU ...
Bulgaria, Romania Set Stage for Massive Danube Hydro-Energy Projects
Thursday, July 21, 2011
Bulgaria and Romania's economy ministers have discussed two large-scale hydro-energy projects on the Danube, whose future realization is said to harbor great economic potential. Bulgaria's Minister of Economy, Energy, and Tourism Traicho Traikov was received Monday in Bucharest by his counterpart, Romania's Minister of Economy, Commerce, and Business Environment Ion Ariton.After Traikov and Ariton's meeting, Bulgaria's Economy Ministry has announced that in September 2011, the ...
Ariton: Transelectrica stake to be put up for sale on stock market in October, and Transgaz stake in December
Thursday, July 21, 2011
The state will put up for sale on the stock market, in October, a stake in Transelectrica representing 15 percent of the share capital, announced on Tuesday, at the government, Minister of Economy Ion Ariton. Also in December, a package of Transgaz stocks, accounting for 15 percent of the share capital will go on sale on the stock market, and next year a stake in Romgaz said Ariton. From July 11 to 22 a secondary public offer for sale of shares is run on Bucharest Stock ...
35,851 green certificates traded on OPCOM in July
Thursday, July 21, 2011
The number of green certificates traded on the Centralized Green Certificates' market in July amounted to 35,851 units, increasing by 9,172 units compared with the similar period pf last year.Thirteen buying offers and 23 selling offers have been launched in July and the closing price stood at 241.04 lei per certificate, according to the data released on the Power Market Operator (OCPCOM) website.In the first seven months of the year 358,502 green certificates have been ...
Natural gas consumption stands at some 74mln MWh in first 5 months of 2011
Thursday, July 21, 2011
Romania's natural gas consumption totaled 73,852 million MWh in the first five months of 2011, higher by 2.5% compared with that in the same period last year, which stood at 72.037 million MWh, according to the data centralized by the National Energy Regulatory Authority (ANRE).The local production of natural gas for consumption represented in May 82.48% of all sources, the top two producers (Romgaz and Petrom) covering 96.19% of this source.The import for consumption in ...
Romania has 1,300 contaminated sites according to Environment Ministry
Thursday, July 14, 2011
Minister of the Environment and Forestry Borbely Laszlo told a press conference held in Targu-Mures on Thursday that there are 1,300 contaminated sites in Romania according to the recently finished list, with the chemical waste ponds at Bicapa Tarnaveni on top of the list. 'We have finished for the first time the list of the contaminated sites in Romania. We have 1,300 contaminated sites meaning four to seven billion euros, many sites are in the OMV Petrom area, all sites related ...
Dafora signs a framework contract of drilling with OMV Petrom, in amount of 23 million euros
Thursday, July 14, 2011
Dafora company has signed with OMV Petrom a framework agreement for drilling wells, oil and natural gas, on land, throughout Romania's territory, totaling 23 million euros, according to a press release remitted to Bucharest Stock Exchange (BVB). The contract is for four years, with possibility of extension for one year. Work on the first probe, 300E Abramut (Bihor county, west), will be performed with a drilling installation of Italian origin, MR8000 model, starting with the end of ...
Renewable energy investments are supplemented
Thursday, July 14, 2011
Ministry of Economy, Trade and Business Environment (MECMA) supplemented with 100 million euros, the budget allocated to the 2010 projects proposals on investments in the re-equipment and setting up of new electricity and thermal power stations using renewable energy sources, MECMA release informs. The projects must capitalize renewable energy sources such as biomass, blue energy in hydro power units whose installed power is less or equal to 10 MW, sun, wind energy, bio-fuel, and ...
Romania's Hidroelectrica Borrows 110 Mln Euro for Power Station Upgrades
Thursday, July 14, 2011
Romanian state-owned hydro power company Hidroelectrica has borrowed a total of 110 million euro ($153 million) to upgrade the country's oldest hydro power plant, one of the lenders involved in the deal said on Tuesday. This investment will finance the rehabilitation of six units at Stejarul Bicaz, a 50-year-old hydro power plant with a total capacity of 210 megawatts (MW) on the Bistrita River in northeastern Romania, the European Bank for Reconstruction and Development (EBRD) said in a ...
Romania is renegotiating 1996 natual gas delivery convention with Russia
Thursday, July 14, 2011
Romania is renegotiating its convention with the Russian Federation signed in Moscow in 1996, according to data provided by the Economy Ministry in Romania at HotNews.ro request. The convention is important as it reffers to the quantity of Russian natural gas delivered to Romania and the transit to third countries. A major change to the convention would be the introduction of the right to resell gas delivered by Russia for Romanian consumers to other states. Also subject of renegotiation are ...
Will Russia Hike Romanian Energy Prices Following WW2 Comments?
Thursday, July 14, 2011
Romanian Senate Speaker Mircea Geoana has characterized recent statements by President Traian Basescu on World War II as "a diplomatic blunder" with negative repercussions on the relations between Romania and the Russian Federation,TheStreet.com reads.. In a televised interview, Basescu said he agreed with Marshal Ion Antonescu, who declared war on the Soviet Union in 1941, adding that he would have done the same, Gandul newspaper reported.The Russian Federation’s Foreign ...
Minister Borbely says Romania hopefully not suspended from trade in greenhouse gas emission allowances
Thursday, July 14, 2011
Minister of Environment and Forestry Laszlo Borbely told a news conference on Thursday in Targu Mures that he hopes Romania will not be suspended from the market for trade in greenhouse gas emission allowances in the wake of a meeting in Bonn of the UN Kyoto Protocol Compliance Committee.Although this committee established that Romania did not fully meet the pollution indicators in its annual report on pollution, Borbely said he does not believe Romania would lose this ...
Enel Green Power Connects 10 New Wind Turbines to Romania Grid
Thursday, July 7, 2011
Enel Green Power SpA (EGPW)’s Romanian unit connected 10 wind turbines with a total capacity of 40 megawatts to the local electricity grid, the company said in an e-mailed statement today. The new turbines brought the capacity of Enel’s Salbatica Wind Park, in Dobrogea region, to 70 megawatts, according to the statement. The park will generate 200 million kilowatt-hours of electricity a year, supplying as many as 66,000 homes, Enel said. ...
Influential MEP calls for shale gas regulation
Thursday, July 7, 2011
One of the most influential members of the European Parliament is proposing a new directive that would penalise or even ban the exploitation of shale gas, the controversial new fossil fuel that is tipped as the major energy source of the future.Jo Leinen told the Guardian he wanted a new "energy quality directive" that would mean fuels with adverse environmental impacts – such as shale gas and oil from tar sands – were stringently regulated within the EU.German Socialist MEP Leinen ...
Minister Borbely: Romania exceeded EU schedule for environmental programmes
Thursday, July 7, 2011
Romania has exceeded the schedule requested by the European Union for the signing of environmental programmes in 2007-2011, to 133 percent, Environmental Minister Laszlo Borbely told a news conference on Tuesday.'We are currently at 133 percent o the environmental programmes the European Union has requested of us. Half year passed and we drew a line. For the first time in 21 years, the Romanian Government decided to earmark more money for investment, or 63 percent of the total. The ...
Romania's net coal output up 18.8pct in five months
Thursday, July 7, 2011
Romania's net coal output totalled 2.62 million tons of oil equivalent in the five months of this year, up by 18.8 percent (415,600 toe) from Jan.-May 2010, reveal figures made public by the National Institute of Statistics on Wednesday.Romania imported 173,900 net toe of coal Jan. to May, by 8,500 toe or 4.7 percent less than it imported in the same period last year.According to a British Petroleum report, Romania at end-2010 had 291 million tons of coal reserves, with ...