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Energy & Environment
Romania Economy Minister To Lobby For Urgent Adoption Of Renewable Energy Law
Thursday, March 25, 2010
Romanian Economy Minister Adriean Videanu on Tuesday pledged to discuss with Prime Minister Emil Boc about a possible emergency ordinance to pass the Law 220 on renewable energy production."I promise to talk to the prime minister to have the Law 220 adopted through emergency ordinance, because parliament proceedings take three to four months," Videanu said.Petru Lificiu, head of the country's energy regulator ANRE, said earlier Tuesday that the law would be adopted by the parliamentary ...
S&P Revises Romanian Transgaz Outlook To Stable; Affirms Ratings
Thursday, March 25, 2010
Standard & Poor's Ratings Services said today that it revised the outlook on Romania-based natural gas transmission operator Transgaz Medias (TGN.RO) to stable from negative, while affirming the company's ratings, following the outlook revision on Romania's sovereignS&P affirmed Transgaz's long-term corporate credit ratings of 'BBB-' (local currency) and 'BB+' (foreign currency)."The outlook revision on Transgaz follows that on Romania (foreign currency BB+StableB; local currency ...
The second nuclear power plant in Romania gets overseas backing
Thursday, March 25, 2010
USA, France, Korea and Canada have expressed their interest in providing the necessary technology for the second nuclear power plant in Romania, for which it hasn’t been chosen a site yet, according to the Ministry of Economy. “All developed countries that hold thirdfourth generation technology have expressed their interest in providing the necessary technology to the project (USA, France, Korea, Canada). The nuclear power plant has grabbed private investors’ interest too”, officials ...
France might participate in building new Romanian nuclear power plant
Thursday, March 18, 2010
France's Prime Minister Francois Fillon is to pay an official visit to Bucharest, soon, and he might announce on the occasion, the participation of his country in the building of the new Romanian nuclear power plant.Romania's Minister for Foreign Affairs Teodor Baconschi told the RFI television that the strategic Romania-France partnership and its 5-year roadmap have been 'extremely useful to the bilateral relationship.''We expect a stage review on the occasion of the PM ...
Environment Partnership of the Black Sea Synergy launched in Brussels
Thursday, March 18, 2010
An Environment Partnership of the Black Sea Synergy was launched on this Tuesday in Brussels at a news conference organised by the European Commission. The Environment Partnership is established to support the efforts of the EU and its partners of the wider Black Sea region to find cooperative approaches to the common challenges that the Black Sea region faces.The Black Sea Synergy initiative is open to all countries of the wider Black Sea region.The Black Sea Synergy initiative ...
Romania's CEZ Distributie To Cut 110 Jobs In ’10
Thursday, March 18, 2010
Romanian electricity distributor CEZ Distributie will cut 110 jobs in 2010, representing over 7% of the staff, the company’s general manager Doina Vornicu told MEDIAFAX Tuesday. Thus, the company plans to have 1,406 employees at the end of the year, from 1,516 end-2009. Vornicu explained the layoffs are due to investments in transformation units as well as to the implementation of automatization systems.Some of the employees will retire while others will receive severance pay, she added. ...
EBRD: Romania's energy intensity is 1.5 times greater than European average
Thursday, March 18, 2010
Romania's energy intensity is 1.5 times greater than the average in the European Union, the head of the European Bank for Reconstruction and Development Office in Romania Claudia Pendred told a conference on the possibility of cutting costs from inefficient energy consumption. This state of affairs made EBRD to allocate around 160 million euros to boosting energy efficiency, which represents a quarter of total investments carried out in Romania.EBRD and the European Union set up a ...
National Coal Company in Petrosani starts dismissing 1,600 employees
Thursday, March 18, 2010
The National Coal Company (CNH) in Petrosani, Hunedoara County (central Romania), on Thursday started a programme that provides the dismissal of 1,600 employees. The collective dismissals scheduled for this year are to be concluded by April 15.''The first 1,266 persons received their dismissal decisions and on Thursday got the 15-day notice to terminate working relations,'' spokesperson for CNH in Petrosani Oana Stoicuta told Agerpres. Over the next few days, the other ...
Energy and natural gas to be elements of economic re-launch in 2010
Thursday, March 18, 2010
The energy and the natural gas will be important elements of the economic re-launch in 2010, Economy Commerce and Business Environment Minister Adriean Videanu said on last Thursday. Minister Videanu exemplified his statement saying that the energy and the natural gas sector scored an average growth of 7 percent so far in 2010, and the same sector stemmed the economic fall in Oct 2009.'I think the energy and the gas will be important elements in the economic recovery in 2010. The ...
PM: Romanian Energy Watchdog’s Policy Is To Keep Gas Price Unchanged This Year
Thursday, March 18, 2010
The policy of Romania’s energy regulatory authority ANRE is to keep gas prices unchanged for the whole year, and the government did not receive so far any information saying otherwise, Prime Minister Emil Boc said last Thursday. "ANRE is the one leading this activity, I have no other information," Boc said when asked whether houshold gas bills would incraese this year. In 2010, Romania's central bank sees 5% higher gas prices, a 4% growth of the electricity price, and 5.2% higher heating ...
New chief executive at Nabucco Gas Pipeline
Thursday, March 18, 2010
Vlad Pavlovschi has been appointed as chief executive of Nabucco Gas Pipeline SRL, after stepping down as head of Design and Research from the state-run gas supplier Transgaz. Vlad Pavlovschi was quoted by NewsIn as saying: “This year, we will focus on obtaining the necessary construction permits, in order to start the construction works in 2011” The company obtained the approval for a capital hike by 11,262 lei (€2,671) to 36,032 (€9,065). Pavlovschi added that by the end of the year, the ...
Reuters: Gabriel Resources Q4 loss wider than estimates
Thursday, March 18, 2010
Gabriel Resources Ltd (GBU.TO) reported a quarterly loss that was wider than analysts' estimates and said it requires about $1 billion to complete its high-potential Rosia Montana gold mining project in Romania. The company said it has developed a financing plan that includes senior debt financing in combination with equity and other potential financing sources in order to raise funds."If we were unable to raise the required funds, we would seek strategic alternatives to move the ...
INS: Romania's electricity consumption, up 2pc in January
Thursday, March 18, 2010
Final electricity consumption in Romania stood at 4.484 billion KWh as of end-January 2010, up 2 percent from the similar month of the year before, according to centralised data with the National Statistics Institute (INS). Public lighting was down 2.8 percent, while household consumption was up 3 percent.Electricity exports were down 72.2 percent, or 351.2 million KWh.Heat plant-generated electricity stood at 2.903 billion KWh, down 13.7 percent, or 461.5 million KWh. Water power ...
Romania's CO2 certificates of interest for other countries
Thursday, March 18, 2010
Minister of Environment and Forestry Borbely Laszlo told a press conference in Sovata (north-west of Bucharest) on Friday that Romania is conducting negotiations with three countries interested in purchasing the CO2 certificates Romania owns, naming only two of them - Spain and Japan.'These certificates (carbon dioxide emissions certificates - editor's note), which unfortunately Romania has not used, are worth around one billion euros. When we talk about one billion euros in green ...
Direct natural gas imports from Russia, likely to start in 2012
Thursday, March 18, 2010
Romania might import natural gas, directly from Russia, namely without any intermediary, in two-year time, after the vice-president of the Russian Gazprom gas supplier announced he wants to start negotiations with the Romanian authorities on the issue, Economy, Commerce and Business Environment Minister Adriean Videanu said in Sibiu (central) . 'Gazprom's vice-president showed readiness to start negotiations with the Romanian authorities, over natural gas imports, directly from ...
Few EU countries plan to trade renewable energy
Thursday, March 18, 2010
Only five EU member states are planning to buy renewable energy from other countries, while the EU as a whole is on track to exceed its 20% collective target, the European Commission said last week.Italy will have the biggest shortage of domestically produced renewable energies, the Commission said in a summary of the forecast documents submitted by member states under the renewables directive. The country will have to buy around 1.2 Mtoe from other countries in order to meet its ...
Romania has strong potential for wind power
Thursday, March 11, 2010
Romania is set to significantly expand its wind energy capacity over the coming years, improving on its position as one of the European countries with the lowest amount of wind farm capacity installed.Currently the country has 14 MW of wind power installed capacity, but the European Wind Energy Association, in its recently published Pure Power report, predicts this will rise to 3,500 MW, all of that onshore wind power. The Dobrogea region which borders the Black Sea, the ...
GDF SUEZ Energy Romania pours 200mn lei in gas distribution
Thursday, March 11, 2010
GDF SUEZ Energy Romania, one of the large gas companies in Romania, will invest around 200 million lei this year in its gas distribution network, according to the chief executive of the company, Bogdan Valter. “This year investments are close to 2009 level, namely around 200 million. The amount will go to the upgrade, maintenance and expansion of gas distribution infrastructure. The exact amount will be set in the board meeting that is scheduled for mid April and is in line with the ...
Four energy projects Romania participates in, among which Nabucco, selected by EC for financing
Thursday, March 11, 2010
Romania is involved in four of the 43 major energy projects on Thursday chosen by the European Commission (EC) for funding, among which the Nabucco, a project to receive a maximum contribution from the EU budget of 200 million euros, Agerpres correspondent reports. The name of the company requesting co-funding for this project was Nabucco Gas Pipeline International GmbH, the other countries involved being Austria, Hungary, Bulgaria and Germany. The electric power and natural ...
EU throws €2.3bn at gas, power connections
Thursday, March 11, 2010
The European Commission cleared €2.3 billion from the EU's five-billion euro economic stimulus package to help finance 43 pipeline and electricity projects. The decision granted €0.91 billion for 12 electricity interconnection projects and €1.390 billion for 31 gas pipeline projects. The funding decision followed the approval last December of a series of offshore wind and carbon capture and storage projects that will receive €1.565 billion from the EU's €5bn stimulus package .Energy ...