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Energy & Environment
Net coal production rises 12.8% in first 4 months
Thursday, June 16, 2011
Romania's production of net coal stood in the first four months of 2011 at 2.073 million tonnes of oil equivalent (toe), by 12.8% (234,700 toe) more than in the similar period in 2010, according to data centralized by the National Statistics Institute (INS).Over January - April 2011, Romania imported 144,000 net coal toe, by 6.900 toe (4.6%) more versus the amount imported in the same period of last year. ...
European funds assigned to heating projects already used up
Thursday, June 16, 2011
The European funds assigned to the heating projects under the Environment Sectoral Operational Program have been used up, while half of the funds for waste projects has been used, said Florian Burnar, the head of the ministry's Planning and Assessment Directorate at the Water Regional Forum being held in Bucharest on Monday.'Priority Axis 3 - The Heating Sector has seven projects already approved. We succeeded in using all the earmarked funds,' Burnar said.The project ...
Nabucco Legal Framework Finalised – Project Support Agreement (PSAs) signed by each transit country
Thursday, June 16, 2011
The PSAs are bilateral, legal agreements specific to and between the Nabucco Companies and the government of each transit country. They represent a significant step in the advanced development stage of the Nabucco Pipeline. The main elements of the PSAs are the affirmation of an advantageous regulatory transit regime under EU and Turkish energy law; the protection of the Nabucco Pipeline from potential discriminatory changes in the law; and support for legislative and administrative actions ...
Romania's first research institute for renewable energy to open in Timisoara
Thursday, June 16, 2011
Romania's first Research Institute for Renewable Energy (ICER) will open in the western city of Timisoara next spring under an EU-sponsored project drawn up by the Traian Vuia Polytechnics University of Timisoara, project manager Nicolae Robu said'ICER will open on March 1, 2012. The building is finished and we have started tendering for its technical equipping,' Robu told Agerpres.The final aim of the ICER is to create 23 laboratories, acquire 12 sets of research and ...
40 billion-euro investments required for new electricity generating capacities until 2035
Thursday, June 16, 2011
The total investments for installing the new electricity generating capacities necessary in the period 2011-2035 of approximately 14,800 installed MW (gross power, excluding the capacities installed in renewable energy sources), amount to 30-40 billion euros, according to the Energy Strategy draft for 2011-2035, which is released on the Ministry of Economy, Trade and Business Environment (MECMA) website for public debate.Out of this amount, 9-11 billion are necessary during the ...
Ungheni-Iasi gas pipeline to be extended 7-million-euro grant
Thursday, June 9, 2011
The interconnection pipeline for the transmission of natural gas from Ungheni, in Moldova, to Iasi, in Romania, will be extended a 7-million-euro European grant to cover parts of the total costs of 19 million euros, Moldovan Economy Minister Valeriu Lazar told a Romanian business investment in Moldova forum in Bucharest.'We have to finalise a pre-feasibility study by late June in order to access this grant from the European Commission worth 7 million euros that will cover some of ...
Romgaz could be listed on BVB in 2012
Thursday, June 9, 2011
The listing of Romgaz natural gas producer on the Bucharest Stock Exchange (BVB) has just begun and is most likely to happen in 2012, Minister of Economy, Trade and Business Environment Ion Ariton told a press conference in Sibiu (central Romania) on Friday.'The listing of Romgaz has just begun. It takes a year or so, maybe a little bit longer, 14 months, until is finally completed,' Ion Ariton said.Prime Minister Emil Boc has recently said that he wishes a private ...
Natural gas consumption exceeds 54 mln MWh in Q1 2011
Thursday, June 9, 2011
Natural gas consumption in Romania totaled 54.453 million MWh in Q1 2011, up by 1% compared with that in the similar period of the previous year, which stood at 53.912 million MWh, according to data centralized by the National Energy Regulatory Authority (ANRE). The domestic production of natural gas for consumption represented in March 65.26% of total sources, with the top two producers (Romgaz and Petrom) covering 97.15% of this source. The import for consumption in ...
SOCAR Romania : We have no interest in Arpechim, Oltchim or Petrom
Thursday, June 9, 2011
After entering the Romanian market through a surprising acquisition of Romtranspetrol, a distribution company, the Azeri state company SOCAR analyses the market as it awaits new opportunities, SOCAR Romania chief Hamza Karimov said in an interview for HotNews.ro. Karimov said that SOCAR has no interest in Oltchim, Arpechim or Petrom. Romania is a country close to Azerbaijan, with political relationships at the highest level due to the friendship between the two Presidents and thus ...
Environment Fund assigns 120 mln lei to decontaminate oil sites
Thursday, June 9, 2011
More than 1,000 sites continue being contaminated in Romania, with 120 million lei being assigned from the Environment Fund this year for cleaning up some of them, Minister of Environment and Forests Laszlo Borbely told a specialised conference on Tuesday. (1 euro=4.1 lei)'There are in Romania more than 1,000 contaminated sites. We'll assign 120 million lei from the Environment Fund this year to close a number of slurry reservoirs', said Borbely, adding that European money will ...
After 2 years Romanian authorities sent to the EC the official notification on the subsidies for the renewable energy sector
Thursday, June 9, 2011
After a delay of over two years, the Romanian Government has sent an official notification to the European Commission about its state-aid scheme for electricity generated by renewable energy sources using the system of mandatory electricity quotas combined with the trade of green certificates, the Romanian Trade Competition Council reports in a press release.The scheme was informally notified to the European Commission in July 2010, which was followed by technical consultations and ...
Korean consortium is interested in reactors 3 and 4 at Cernavoda plant
Thursday, June 2, 2011
KOREA International Nuclear KEPCO Consortium plans to participate in the construction of reactors 3 and 4 at the Cernavoda nuclear plant (south-east), according to a press release from the Ministry of Economy, Trade and Business Environment (MECMA) . The Minister of Economy, Ion Ariton, met on Friday, in Bucharest, a delegation of the Korean consortium formed of KEPCO International Nuclear and Global Em Nuclear Power System - Korea. During the meeting, the Korean partners ...
ElDore Mining Corporation lands financing to acquire Baita copper mine in Romania
Thursday, June 2, 2011
The Board of EIDore Mining Corporation Limited announced that it has secured funding enabling it to proceed with the acquisition of die Baita Copper Gold mine in Romania.The Company has secured a funding facility of up to AS 25,000.000 through JC Long Term Value Fund Limited. The 36 month facility will provide part of the funding requirements for the Baita Copper Gold mine acquisition in Romania as well as working capital for ongoing exploration at the Mt Hagen JV in Papua New ...
CEZ invests over one billion euros in renewable energy
Thursday, June 2, 2011
CEZ Group invests 1.1 billion euros in building the largest inland wind power park in Europe, with a total installed power of 600 MW, Roxana Margineanu, the company's communication manager told Agerpres at the end of last week.According to her, the CEZ wind-power park at Fantanele and Cogealac, Constanta County (south-eastern Romania) will thus have a capacity approximately equal to that of a reactor of the nuclear-power plant of Cernavoda (south-eastern Romania) and the double ...
Roughly EUR 50 ml, Norway's contribution towards Romanian environmental projects
Thursday, June 2, 2011
Norway has contributed 49 million euros towards environmental projects carried out in Romania, Innovation Norway program monitoring officer Mihai Stefanescu declared on Monday at the ECOEMERGE project wrap-up conference. ECOEMERGE - Development of emerging Romanian environmental markets is one of these projects benefiting from Norwegian co-financing to an extent of 85 pct, or specifically 1.919 million euros disbursed under the Norwegian Program for Economic Growth and Sustainable ...
Eliminating subsidies for heating, set to push up consumer costs
Thursday, June 2, 2011
Eliminating subsidies for heating, announced by the authorities, is set to strongly push up the costs charged per gigacalorie, by 150 percent in Bucharest this winter, reveals a study presented on Tuesday by the Italian company Ariston, producer of heating units. According to the cited source, until now, half the actual cost of gigacalorie was equally met by the Government, and from the local budgets. Although the Government has pledged to further share the heating costs, the real ...
Cheaper Russian gas by developing some storage facilities in Romania
Thursday, June 2, 2011
Romania must develop natural gas storage facilities in collaboration with the Russian side, on the Romanian territory, in order to buy natural gas at a lower price from Russia, the president of the National Association of Exporters and Importers in Romania ANEIR, Mihai Ionescu told a Monday's Romanian-Russian economic forum. The ANEIR president added that Romania and Russia must develop direct trade relations and renounce middlemen, inclusively in the natural gas field, to obtain ...
Ministry of Economy analyzes two variants for re-organisation of energy system
Thursday, June 2, 2011
The authorities are analyzing both plans outlined so far for the re-organization of the energy system, through the establishment of Electra and Hidroenergetica companies and two energy complexes, one lignite-powered and the other pitcoal-powered, State Secretary in the Ministry of Economy, Trade and Business Environment (MECMA) Borbely Karoly told a Tuesday's conference on energy issues. 'There are two plans we are analyzing in parallel - the establishment of the two companies, ...
Green Boom: More Power Generated By Romanian Wind Farms In 1Q 2011 Than In Whole 2010
Thursday, May 26, 2011
Green energy generation registered a real boom in the first quarter of this year, with electricity generated by wind turbines, small hydro-power stations, solar farms or biomass stations being enough to supply around 600,000 households with energy for three months, five times more than in the same period of 2010.The most spectacular development during the analyzed period was registered by wind energy. Thus, as major wind farms, such as the ones held by CEZ, Enel or Energias de Portugal ...
Romania Needs To Sync EU Energy Funding With Project Demands
Thursday, May 26, 2011
Romania’s structural funds on energy and energy efficiency should be calculated on specific requests by companies, since interest is disproportionate between the two segments, Economy Ministry official Alexandru Sandulescu said Tuesday.The ministry official told a seminar on European financing that funding requests on the renewable energy segment greatly outweigh those involving energy efficiency projects. As such, funds need to be allotted depending on the areas of applicant ...