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Energy & Environment
Transelectrica managers estimate net profit worth RON 4.424 million in 2010
Thursday, April 1, 2010
The team of managers of Transelectrica have proposed to shareholders a budget of revenues and expenditure for 2010 which provides for a gross profit of 10.5 million lei (approx. 2.62 million euros) and a net profit of 4.424 million lei (approx. 1.10 million euros, according to information sent to the Bucharest Stock Exchange (BVB). The budget, to be submitted for the approval of the General Shareholder Assembly, coming up on April 29, stipulates revenues from exploitation worth ...
Romania imports 439,200 tons crude in Jan
Thursday, April 1, 2010
Romania imported 439,200 tons crude, in January, by 77,100 tons (21.3 percent) more than in the same month, in 2009, read data the National Statistics Institute (INS) supplied. The country's crude production amounted to 363,100 tons in Jan, by 2.2 percent, namely 8,100 tons lower than that in the first month of the last year.The National Prognosis Commission expects the crude production to reach 4.4 million tonnes of oil equivalent and imports to 7.25 toe.According to British Petroleum's ...
Romania imports 1.198.4 mln cubic metres of natural gas in Jan.
Thursday, April 1, 2010
Romania imported 1.198.4 million cubic metres of usable natural gas in January, i.e. by 178.7 percent (127.2 million cubic metres) higher than the quantity imported in the same period of time last year, according to data gathered by the National Institute of Statistics.In the above-mentioned period, the internal natural gas production amounted to 964.5 million cubic metres, by 4.8 percent (48.7 million cubic metres) lower on the previous year.The National Forecast Commission estimates ...
NGOs contest environmental avis for the Deva Gold ‘Certej’ gold mine
Thursday, April 1, 2010
Thirteen Romanian NGOs have submitted an official complaint (1) to the Timisoara Regional Environmental Protection Agency (EPA) against the agency’s recent decision to grant an environmental avis for the Deva Gold ‘Certej’ gold mine. If the EPA does not reverse its decision, then NGOs complaint is the first step towards a court action.Deva Gold is a joint venture between the Romanian Government and European Goldfields (TSX: EGU) who owns 80% of the project. At Certej the project ...
European Goldfields secures US$125 mln financing for Certej project in Romania
Thursday, April 1, 2010
European Goldfields (TSX, AIM: EGU) has secured a US$125 million debt financing facility with a group of financial institutions, to part fund the development costs of the Certej project in the Apuseni Mountains of Transylvania in Western Romania.With funding in place, the company also announced the appointment of Alan Baker as project manager for the Certej gold-silver project in Romania. Baker has over 30 years of experience in the mining sector, and has managed on a number of ...
Environment Minister says Romania needs one bln euros for water directive projects
Thursday, April 1, 2010
Romania has one billion euros deficit on the Priority Axis 1 for projects carried out under the Water Framework Directive, a deficit which must be covered until 2015, Minister of Environment and Forestry Laszlo Borbely told a press conference on Tuesday.'Regarding the water sector, we are confronted with a need of one billion euros in order to pay our debts to the EU by 2015. In this respect, we are having talks with the European Bank to find solutions. Basically, besides the 5.6 ...
Georgia backs Nabucco pipeline
Thursday, April 1, 2010
The minister of foreign affairs, Teodor Baconschi received during his visit to Tbilisi the confirmation of Georgia’s backing of the Nabucco pipeline. Georgian officials have also expressed their interest in going further with the Azerbaijan-Georgia-Romania route talks. Should the Azerbaijan-Georgia-Romania supply route plan take shape, the gas from Azerbaijan would be transported to Constanta.During Romanian minister’s official visit to Georgia, he met with the president of the country ...
€10 million in a new wind plant in Oravita
Thursday, April 1, 2010
LC Business SRL said it planned to invest around €10 million in the construction of a new 9-megawatts wind plant in Oravita, Caras-Severin. 30% of the total cost will be covered from European funds and the remaining 70% from own resources, said the managing director of the company, Lucian Perescu.“The wind plant should go into operation in October this year. We have all the necessary authorizations”, said Lucian Perescu.The wind plant will boast six turbines that will generate 1.5 ...
Romania will account for 2.45% of Central Eastern Europe regional power generation by 2014
Thursday, April 1, 2010
A new report entitled "Romanian PowerReport Q2 2010, has been released by Companies and Markets. The report forecasts that the Romania will account for 2.45% of Central Eastern Europe(CEE) regional power generation by 2014, and remain a net exporter ofelectricity to neighbouring states. CEE power generation in 2009 was anestimated 2,528 terawatt hours (TWh), representing a decline of 3.1% from theprevious year's level. We are forecasting a rise in regional generation to2,959TWh by 2014, ...
European Antifraud Fight Office investigates energy smart guys business
Thursday, March 25, 2010
The European Antifraud Fight Office (OLAF) investigates the way a contract worth tens of millions of euros was granted in Romania. The contract addresses modernizing the energy complex in Craiova (south), sources in Brussels told HotNews.ro. OLAF confirms that it investigates possible issues, but it does not give details. This is about a deal for gas sulphur removal, initially won by French Group Alstom Power Italian branch. The Commission for Solving Contestations has disqualified Alstom, ...
EC warns Romania over breach of environmental law
Thursday, March 25, 2010
The European Commission has sent Romania a final warning about a breach of EU laws regarding environmental impact assessments, after the country allowed the construction of a large plant, before any impact assessment had been made. A major formaldehyde production plant was built in Romania in 2007 without a permit and before any impact assessment had been made. Romanian authorities initially ordered the demolition of the plant, but the order was subsequently rescinded by a local court. ...
25,086 green certificates traded in March
Thursday, March 25, 2010
The number of green certificates traded in March, on the Centralized Green Certificates Market (PCCV) amounted to 25,086 units, that is an increase by 58 percent on the same time span a year before, when there were traded 15,842 green certificates.There were 14 purchase and 12 sale offers in March, with the closing price being 232.36 lei per certificate, according to data published on the website of the Power Market Operator - OPCOM.In the first quarter of 2010, 91,530 green ...
Natural gas consumption totals 19.76 million MWh in January
Thursday, March 25, 2010
The Romanian natural gas consumption reached 19.76 million MWh in January, by 12.4 percent higher than the figure registered this time last year, which totaled 17.578 million MWh, according to data gathered by the National Energy Regulatory Authority. The domestic natural gas production aimed at consumption represented 81.76 percent of total sources, in January, with the top two producers (Romgaz and Petrom) covering 98.45 percent of this source. The imports for consumption (current imports ...
Hurriyet: Nabucco partners to finalize production accord in April
Thursday, March 25, 2010
The partners in the planned Nabucco natural-gas pipeline to Europe will conclude a production-sharing agreement in April, Turkish Energy Minister Taner Yıldız said Thursday. A Project Support Agreement, or PSA, will be clarified and then signed, he added. Nabucco is a strategic and commercial effort supported politically by Turkey, Bulgaria, Romania, Hungary and Austria, the minister told reporters after a meeting in Ankara that was attended by representatives of all the countries ...
Over 50 environment infrastructure projects worth bln. 2.6 euros
Thursday, March 25, 2010
Management Authority for Environment Sectoral Operational Programme (POS) is to assess and approve, this year, over 50 infrastructure projects totaling 2.6 billion euros, the head of the Ministry of Environment and Forests (MMP) Directorate for Programmers and Assessment Florian Burnar told Agerpres, on Monday.It deals with 23 projects of the Priority Axis 1st in the Environment POS, including the enlargement and the re-equipment of the (drinkable) water and wastewater systems, ...
Energy Watchdog Allows Iberdrola Energie Romania To Supply Electricity
Thursday, March 25, 2010
Romania’s energy regulatory authority ANRE granted Iberdrola Energie Romania, the local subsidiary of Spanish power utility Iberdrola, a two-year energy supply license, the regulator said. The license came into effect on January 28 and gives the company the right to export energy, to sell it to eligible consumers and other license holders. Moreover, the license allows Iberdrola Energie Romania to trade energy on the platforms of local energy market operator OPCOM. In 2009, Iberdrola opened ...
Eurostat: Romania, Bulgaria Rank Last In EU By Municipal Waste Recycled In 2008
Thursday, March 25, 2010
Just 1% of the 382 kilograms of waste produced in 2008 by each Romanian living in cities or large towns has been recycled, while the remainder has been stored, temporarily or permanently, in landfills, according to a statistic released by Eurostat. The only country with a lower recycling rate than Romania is its neighbor Bulgaria, according to Eurostat. In Bulgaria, the entire amount of waste produced in cities and towns ended up in landfills in 2008. According to the statistic, 524 ...
China climate chief: EU should not backtrack on Kyoto
Thursday, March 25, 2010
Urging Europe to maintain its leadership in ongoing global climate talks, China's top climate negotiator said the EU should not step back but instead put pressure on other developed countries that have not ratified the Kyoto Protocol to make comparable emission cuts. Speaking to journalists yesterday (22 March) in Brussels, Su Wei, general director of the climate change department at the Chinese Development and Reform Commission, stressed countries should continue negotiations under the ...
Videanu: Romanian-Kazakh joint stock company for uranium and hard water exportation
Thursday, March 25, 2010
Romania's National Uranium Corporation and its Kazakh counterpart might set up a joint stock company to mine and export uranium and hard water, Romania's Minister of Economy, Commerce and Business Milieu Adriean Videanu told a Unimpresa seminar on Tuesday.'Besides an agreement concerning the acquisition of Romania's full demand for uranium, there is also the idea of establishing a joint stock made up of the National Uranium Corporation of Romania and its Kazakh counterpart,' said ...
Romania Energy Prices Unchanged In ’10; Gas Prices Could Rise
Thursday, March 25, 2010
Romania's energy prices will remain at their current levels until January 2011, but natural gas prices might be adjusted for the 2009 inflation sometime this year, the country’s energy regulator ANRE said Tuesday."Gas prices will certainly not rise in April, but I believe that later (in the year) will have to index them to the 2009 inflation," said Petru Lificiu, president of ANRE.The Romanian central bank's base inflation scenario for 2010 includes a 5% rise in natural gas prices, a 4% ...