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Energy & Environment
Romania’s Economy Minister Sustains State Monopoly In Power Transport
Thursday, August 26, 2010
Romania’s Economy Minister Adriean Videanu on Thursday said he supports keeping the state monopoly in the electricity transport, as it ensures a non-discriminating access to energy for all companies."Only the state can make fast investments to strengthen the energy system and to interconnect it with neighboring countries," Videanu told an energy seminar.Despite the late reform, Romania's power sector is still attractive for potential investors, he added."We are currently revising our energy ...
Romania aims to decide on nuclear units by Sept
Thursday, August 26, 2010
Romania should take a decision on investment in two future units at its sole nuclear power plant in Cernavoda by September, Economy Minister Adriean Videanu said."I hope that by September ... we will have a final decision of investment in units 3 and 4," Videanu said.Romania, which currently holds a 51 percent stake in a partnership with major regional power firms to build the two units, has said it will lower its participation to a minority one. The contract to build the nuclear power units ...
As many as 23,401 green certificates traded in August on OPCOM
Thursday, August 26, 2010
The number of green certificates traded in August on the trading platform for greenhouse gas emission certificates stood at 23,401 units, 26.5 percent higher from the similar period last year, when 18,495 green certificates were traded.In August, a number of 17 buying and 15 selling offers were launched and the closing price was RON 232.36certificate, according to the Energy Market Operator - OPCOM.In the first eight months of 2010 a number of 200,491 green certificates ...
Energy sources from state reserve
Thursday, August 26, 2010
The economic operators under the Economy, Trade and Business Environment Ministry (MECMA) authority, and the county or the local councils might be lent 1.687 million tones of coal and 179,190 tonnes of black oil, from the state reserve to supply electricity and heating to the population, reads the draft emergency ordinance that MECMA posts on its web wage.The Romanian Nuclear Activities Authority will receive the largest quantity of coal - 377,000 tonnes, followed by the Power ...
Romania resumes talks with Gazprom Neft over Constanta-Pancevo pipeline portion
Thursday, August 26, 2010
Romania has resumed talks with Russia's Gazprom Neft over the Constanta-Pancevo pipeline portion, part of the Constanta-Trieste pipeline project, Romanian Minister for Economy, Commerce and Business Milieu Adriean Videanu said on Friday on a visit to the Rovinari Energy Complex.'We have resumed talks with Gazprom Neft over the Constanta-Pancevo portion, part of the Constanta-Trieste pipeline,' said Videanu.The Constanta-Pancevo pipeline portion is part of the ...
Romania Gets Eight Bids To Sell CO2 Emission Allowances
Thursday, August 26, 2010
Romania received eight offers to sell carbon dioxide (CO2) emission certificates, Economy Minister Adriean Videanu said Friday, adding that negotiations will start this week. Videanu said requests for the country's surplus greenhouse allowances range between several million metric tons and 100 million metric tons of CO2.Romania eyes between EUR1.2 billion and EUR2.5 billion from selling up to 300 million carbon dioxide emission certificates in 2010.Each CO2 emission certificate represents ...
Handover of Transgaz SA investment worth EUR 20 million
Thursday, August 26, 2010
The National Natural Gas Transmission Company Transgaz SA Medias performed the acceptance procedure for the 30 km long high-pressure natural gas pipeline that runs through the counties of Prahova and Dambovita, as well for the connected gas metering station; the total value of the investment is about 20 million euros. According to a Transgaz SA release to the Bucharest Stock Exchange, the pipeline with a diameter of 800 mm and a length of 30 km runs along the localities of Cornesti ...
Energy complexes and Electrica to export 500 MW
Thursday, August 26, 2010
Three energy complexes and Electrica will export 500 MW electricity to the neighboring countries, measure which is to boost the coal consumption, Economy, Trade and Business Environment Minister Adriean Videanu said after meeting the officials of the Oltenia National Company of the Lignite (SNLO).'The three energy complexes, namely Rovinari, Turceni and Craiova, together with the Electrica electricity supplier will export 500 MW to the neighboring countries. Thus, the measure may ...
Romania’s Large Thermal Pwr Plants To Be Resized, Heat Subsidy Eliminated In 2011
Thursday, August 26, 2010
Romania’s major thermal power plants will be resized in 2011, adjusting to city demand, lower after the closing of the larger industrial consumers, while the heating subsidy will be granted only to households with low incomes, Prime Minister Emil Boc said Wednesday on national radio. Boc said the Government is putting the finishing touches on a strategy concerning heating subsidies, to be implemented as of April 2011. The strategy will modernize the large thermal power plants and eliminate ...
Romanian state has no legal means to refuse conversion of bonds into shares or partial payment of Rompetrol debt
Thursday, August 26, 2010
Romanian state has no legal means to refuse a conversion of bonds into shares or the partial payment of debt by Rompetrol Group, representatives from three law houses representing the company said in a press conference on Wednesday. That is, because a contract signed with KazMunayGaz on the takeover of Petromidia included a provision on the possibility of the shareholder to opt between the two solutions. Rompretrol representatives said that options were still open and that talks were still ...
National Agency for Integrity-ANI head says he expects ANI law be challenged at Constitutional Court
Thursday, August 26, 2010
Romanian Senate's passage on Tuesday of a new law regulating the functioning of the National Agency for Integrity (ANI) - a key body supervising the wealth of public officials in Romania - was "a victory of wit over passion", ANI president Catalin Macovei said on Wednesday. But he said he expected the law to be challenged at the Constitutional Court.The ANI law had to be revised after a first piece of legislation in this regard was considered unconstitutional earlier this year. The ...
Romanian Govt Could Keep Heat Subsidy For Next Winter
Thursday, August 19, 2010
Romanian interministrial work group in charge with identifying viable solutions regarding heat subsidies for household consumers will recommend keeping the subsidies through the next winter, a group official said Tuesday."We will recommend Prime Minister Emil Boc to maintain the subsidies this year," said Dan Gheorghiu, president of the Energy Research and Design Institute (ISPE). Gheorghiu told MEDIAFAX reporters that the work group will also propose canceling all investments in ...
Romanian Govt Slashes Thermal Rehab Funds, Blames Crisis
Thursday, August 19, 2010
The Romanian government slashed three quarters from the energy efficiency budget, to 11.7 million lei (EUR1=RON4.2327), as opposed to RON40 million, according to a decision adopted Wednesday.The funds, used for the thermal rehabilitation of public buildings and the upgrade of heating units, were reduced because of the financial crisis, according to the document. The government decided Wednesday to reduce the funds allotted to local authorities, for thermal rehabilitation, to just ...
EGL Gas&Power: We're focusing on small and medium clients
Thursday, August 19, 2010
EGL Gas&Power, a major electricity and natural gas trader with 84m-euro turnover, is betting on regaining some older clients, such as Russia's Lukoil, and also on attracting some small ones to resume growth in 2011. The company was set up in 2003 as the subsidiary of Swiss EGL group. Last year, the company posted 84m-euro turnover, down 23% year-on-year, and expects growth to be resumed as late as 2011. "I believe we'll see turnover go down by around 15% this year. Since October ...
Transgaz net profit gains 56 pct in H1 2010
Thursday, August 19, 2010
National Gas Transmission Company Transgaz posted RON 265.43 million in net profit (around 65.2 million euros) in the first half of 2010, up 56 percent compared with the net profit reported in the first half of 2009, shows financial information referred by the company to the Bucharest Stock Exchange (BVB). The Transgaz net turnover amounted to RON 690.54 million lei in the first half of 2010, a figure 17 percent higher compared with same period last year. Transgaz ...
CEZ is optimistic and sees the 101 turbines of Cogealac installed in 2011
Thursday, August 19, 2010
CEZ Czech energy group, present in Romania since 2005 when it took over the majority stake in the former Electrica Oltenia, says that starting the end of June 47 wind mills of the 114 installed in Fântânele, Dobrogea, have been generating energy and hopes to finish installing the other 101 turbines in Cogealac in 2011, despite the conflict it has with the town hall. The international press has reported on the conflict, which ended up in shooting at the end of last month. Despite ...
Largest wind farm in Romania, in Casimcea
Thursday, August 19, 2010
The largest wind farm in Romania is to become operational in Casimcea commune (Romania's south-east), the number of turbines here, set to feed the national grid, going to be approximately 300.Director of the Agency for Environment Protection (APM) Viorica Bisca told AGERPRES on Monday that in Tulcea County, Casimcea commune, a conglomerate of 15 wind parks with some 300 installations will be raised.According to a study of Erste Bank, Constanta and Tulcea counties places ...
Le Monde: the Romanian seaside, the new El Dorado for eolian energy
Thursday, August 19, 2010
For certain regions of the Romanian seaside, where poverty is installed, the only certainty is the wind, which big energy companies like CEZ transformed it into a blessing by installing, nearby Fantanele village, the biggest terrestrial eolian energy in Europe, the French publication Le Monde reads in a material dedicated to the development of eolian energy in South East Romania. The wind became a blesing because locals who offered their fields nearby Fantanele receive up to 3,000 euroyear, ...
Hidroelectrica plans 850m-euro new hydropower plants in 5 years
Thursday, August 5, 2010
Hidroelectrica, the most valuable company in the Romanian state's portfolio, says plans for the next five years target 850 million euros in investments to build new hydroelectric power plants with a 387-MW capacity, half as much as that of a reactor of the Cernavodă nuclear power plant.The company says it will invest at a twice as fast rate as in the period since the Revolution of 1989, during which time around 800 new MW were installed in hydroelectric power plants. Although ...
Romania's Transelectrica, Ukraine's Ukrenergo hold business talks
Thursday, August 5, 2010
Improving the existing technical and legislative framework for cross-border trade in electricity, and the current situation as well as the prospects for future cooperation to develop interconnections between the electricity grids of Romania and Ukraine were the main topics of business talks between officials of Romania's Transelectrica national corporation and Ukraine's Ukrenergo corporation.Transelectrica reports in a press release that the Ukrenergo delegation was headed by ...