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Energy & Environment
Second nuclear power plant could have a capacity of 2,200 MW
Thursday, January 27, 2011
The second nuclear plant, to be built in Romania, could have a total capacity of 2,200 MW, with two groups of 1,100 MW each, according to a provisional version of the draft of the Energy Strategy for the period 2011-2035. Building works are to be started after 2020, depending on the evolution of energy consumption. 'By 2020, the installation of the two units, 3 and 4, of CNE Cernavoda (south-east) nuclear plan are to be finalized and after 2020, depending on the evolution ...
Domestic electricity consumption might decrease to 1.1 percent by 2035
Thursday, January 27, 2011
The net domestic electricity consumption in Romania might decrease from 2.7 percent in 2011 to 1.14 percent by 2035, according to a provisional version of the energy strategy draft for 2011-2035. According to the baseline scenario made by the authorities, the energy consumption would decrease to 2.6 percent by 2020, to 2.2 percent in 2020-2025 and to 1.14 percent by 2035.Two unfavourable scenarios have also been made, according to which consumption will decrease from 1.31 ...
ISPE, Romgaz and Transgaz team up to develop Romania's first CCS project
Thursday, January 27, 2011
Companies Romgaz and Transgaz joined forces with the Institute for Studies and Power Engineering - ISPE for the implementation of the carbon dioxide capture and geological storage (CCS) technology by the development of the first such Demonstration Project in Romania, reads a Romgaz release. Notice of these plans was also sent to Minister of Environment and Forestry Laszlo Borbely, on the occasion of his visit last weekend to Medias. As concerns the companies' involvement ...
Franklin Templeton Says More Energy Companies Should Be Listed In Bucharest
Thursday, January 27, 2011
Franklin Templeton, manager of Romanian investment fund Fondul Proprietatea (FP.RO), Tuesday said it will try to convince the government to list on the stock market several key energy companies to improve their efficiency and boost budget revenues at the same time. Hydropower generator Hidroelectrica and nuclear power company Nuclearelectrica should be considered for listing on the Bucharest Stock Exchange, said Greg Konieczny, Fund Manager of Fondul Proprietatea. Speaking at a press ...
Cernavoda nuclear power plant's year to Nov 30 2010 production at over 10.56 mln MWh
Thursday, January 27, 2011
The two operational units of the Cernavoda nuclear power plant generated 10.566 million MWh of electricity between Jan - Nov 2010, of which more than 9.73 million MWh were supplied into Romania's National Grid, according to data published on the Nuclearelectrica website.In the said interval, Unit 1 produced 5.093 million MWh and delivered 4.68 million MWh, recording an average capacity factor of 90.56 percent, because of the scheduled shutdown period in May, while Unit 2 produced ...
Price Fixing Talks Spark Fiscal Probe At Romanian Oil Companies
Thursday, January 20, 2011
Romanian fiscal authorities Wednesday started a series of unannounced inspections targeting the pricing algorithms, taxable profits and accounting methods of oil companies, according to Sorin Blejnar, the president of tax authority ANAF.If law violations are noted in these inspections, then authorities will launch a full fiscal investigation of the company in question, Blejnar said Thursday Romania's Competition Council recently said preliminary data in its investigation of oil ...
Romania May Sell Additional Shares In Romgaz After Bucharest Listing
Thursday, January 20, 2011
Romania’s Government might sell further shares in natural gas producer Romgaz after the company’s floating on the Bucharest Stock Exchange, but it will keep the majority stake, according to an official document obtained by MEDIAFAX.The Government plans to list Romgaz on the Bucharest Stock Exchange in the second half of 2011, by selling 15% of the gas producer's shares.The Economy Ministry owns 85% in Romgaz.According to the document, the ministry might consider selling additional shares, on ...
Romania To Merge Three Power Suppliers Under Electrica
Thursday, January 20, 2011
Romania’s Government plans to merge three electricity suppliers into a single unit running under state-owned electricity supplier Electrica, according to an official government document obtained by MEDIAFAX.Thus, the Transilvania Nord, Transilvania Sud and Muntenia Nord supply units of Electrica will merge.The document, which outlines the state's plans for companies controlled by the Economy Ministry, shows Electrica currently owns six electricity suppliers and ...
Romanian Econ Min Rejects Shutdown Option For Valea Jiului Mines
Thursday, January 20, 2011
Romanian economy minister Ion Ariton said Monday he would not agree with the shutdown with all Valea Jiului mines, adding he expects management and unions to come up with a long-term development plan.Ariton said in a visit to mining region Valea Jiului that he would not agree with a program to shut down all seven Valea Jiului mines and he expects union representatives to put forth a "memorandum" with a development program accepted by all union structures.The dignitary added national coal ...
Reuters: Germany's RWE quits Romania wind project due to bureaucracy
Thursday, January 20, 2011
Germany's RWE sold its majority stake in a 250 million euro ($335 million) wind energy project in Romania because of complicated bureaucracy, Ziarul Financiar newspaper quoted a company official as saying on Wednesday, Reuters reports. Ziarul Financiar also quoted a government source as saying the German utility company plans to announce it will also pull out of a minority share in a Romanian nuclear project. The wind energy park would have been located in the southeast Romanian county of ...
Wind energy: EC fears producers in Romania might receive higher subsidies Investments can exceed 10 billion euro on the long term
Thursday, January 20, 2011
Romania has an extraordinary potential to develop wind energy, proven by the interest of investors, the plans of Romanian authorities and the studies of experts. Despite the interest, investors are reticent due to legislative shortcomings. The norms implementing law 2202008 on the promotion of energy from renewable sources have not been implemented which creates uncertainty on the market. To implement norms, Romanian authorities should have sent an official notification to the EC ...
Enel Green Power company keeps on expanding in Romania
Thursday, January 20, 2011
The Italian Enel Green Power company began building a novel wind park in Romania, dubbed the Salbatica I ( meaning Wild), near Tulcea city, in the south-east, according to a press release.The wind power capacity set up will amount to 30 MW (megawatt), being generated by 15 Gamesa turbines (G-90 model) each with a 2 MW capacity. The company estimates the new wind park to have an annual production standing at 85.5 million KWh (kilowatt hour), the equivalent of the electricity ...
Almost one third of energy production capacities are to be closed in ten years
Thursday, January 20, 2011
Romania must shut down energy production capacities of 5,544 MW in the next ten years, namely 28 percent of the full capacity of the power system, announced on Tuesday, Director General of the Energy Policy Division with the Ministry of Economy, Alexandru Sandulescu, on the occasion of the Wind Power Romania Conference. 'Romania must close down energy production capacities of 5,544 MW, namely 28 percent of the full capacity of the energy system, by 2020. During this period, energy ...
CEZ Romania finalizes acquisition of hydropower system in Caras Severin
Thursday, January 13, 2011
CEZ Romania company has bought all the shares of TMK Hydroenergy Power company, thus having finalized the acquisition of the hydropower system in Caras Severin, situated near Resita centre.According to a company's press release, this new acquisition is in line with CEZ's policy of focusing on main businesses in the countries it already operates in and, moreover, it is positioned in the area of renewable energy generation.The new company bought by CEZ has four lakes with ...
Cernavoda reactor 1 re-started
Thursday, January 13, 2011
Cernavoda Nuclear Power Plant's reactor 1 has been re-started and re-connected to the National Energy System on Monday, National Company Nuclearelectrica announced.Re-starting activities at the nuclear power plant located in southeastern Romania were conducted by observing the plant's procedures as well as the health and safety standards and there was no adverse impact on the locals, the staff or the environment.Reactor 1 was shut down in a controlled manner Friday night ...
PM Boc: Sale of Transelectrica and Romgaz shares to end in Q1 of 2011
Thursday, January 13, 2011
PM Emil Boc says that the sale of Transelectrica and Romgaz shares on the Stock Exchange will end in the first part of 2011. 'All the projects approved to be listed or on selling shares on the Stock Exchange in 2010 will become operational in 2011 and they include from the sale of Transelectrica smaller share packages to Romgaz stocks, but the latter's main shareholder remains the Romanian State. Everything started in 2010 will be finalized in the first part of 2011, taking into ...
Carpathian Gold extends gold-copper mineralization on Ciresata deposit at Rovina Valley in Romania
Thursday, January 13, 2011
Carpathian Gold (TSX:CPN) announced Wednesday the results of the first hole of its 2011 drill program at the Rovina Valley Project in west-central Romania.The project includes three gold-copper porphyries, with the current drilling program focused on the Au-rich Ciresata Porphyry deposit.Core hole RDG-19 is the first hole of the 20,000 m program and was drilled in the western part of the Ciresata Au-Cu porphyry. The hole intersected 664 metres of 0.86gt gold and 0.17% Cu, including 213 ...
Electricity resources decrease 3.6% in first 11 months of 2010
Thursday, January 13, 2011
Primary energy resources decreased by 0.6% in the first 11 months of 2010 and the electricity ones increased by 3.6% versus the same period of the previous year. According to the National Statistics Institute (INS), the main primary energy resources totaled 30,982.7 thousand tonnes of oil equivalent (toe), down 172,6 thousand toe versus the same period in 2009. Internal production totaled 21,175.4 thousand toe, down 0.3% compared with the same period of the previous year, while ...
Rompetrol wants to expand to Republic of Moldova
Thursday, January 6, 2011
Rompetrol, the second player on the Romanian oil market, plans to open 10 petrol stations in the Republic of Moldova in 2011, so at the end of next year the company will have 50 fuel supply units on this market, reads Ziarul Financiar daily.The stations will be opened together with local partners, so they will be operated and owned by certain dealers, but they will only provide Rompetrol products and they will have this company's signs of visual identity.'We started with ...
A number of 248,787 green certificates traded on OPCOM, in 2010
Thursday, January 6, 2011
A number of 248,787 green certificates were traded in 2010 on the Centralized Green Certificates Market, 75.6 percent higher compared with that of the similar period last year, according to data published on site of the energy market operator - OPCOM. Green certificates issued for electricity produced from renewable sources in 2010 qualified to participate in the Green Certificates Market are traded since March 2010. Mandatory quota for 2010 is 8.3 percent of electricity ...