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Energy & Environment
EBRD makes new investment in Romanian energy market
Thursday, July 23, 2009
The European bank for Reconstruction and Development (EBRD) on Tuesday in Bucharest signed a loan contract, worth 170 million euros, with Romania's largest thermo-energy plant, the state-owned Complexul Energetic (CE) Turceni. The loan is aimed for the upgrading of the 6 group.EBRD has also invested this year in energy projects with a strong environmental impact. The first such investment worth 6 million euros, in the Pehart Tec company, was aimed to boost its production. At the ...
World Bank to help liberalization of Romanian energy market
Thursday, July 23, 2009
World Bank (WB) is to help Romania to liberalize the energy market and to attain the European strategy objectives, of enhancing the renewable energy weight in the national energy consumption, the so-called 20-20-20 strategy, reveals the Romania Country Partnership Strategy, worked out and released by WB. As well, the bank is to aid Romania to apply the European Union Directives on Water Quality and Nitrates, to reduce its environment, social and economic vulnerability, when faced with ...
Romania imports about 3 bln. toe crude by May
Thursday, July 16, 2009
Romania imported 2.962 million toe of crude oil during the first five months of the year, by 359,800 toe, namely 10.8 percent, less than during the same time span in 2008, National Statistics Institute INS data read.Romania's oil production amounted to 1.751 million toe over January-May 2009, by 5.2 percent lower than that during the same period of 2007. ...
Natural gas production decline is 5.8 pc in first five months
Thursday, July 16, 2009
Romania's natural gas production totalled in the first five months of the year 3.777 million tons oil equivalent, being 5.8 percent (96,400 tep) lower than in the similar period of 2008, according to centralized data by the National Statistics Institute.Over Jan. - May 2009, Romania imported a usable natural gas quantity of 392,100 tons oil equivalent, 78.3 percent lower compared to the similar period of last year.According to the National Prognosis Commission, Romania's natural gas output ...
Wind energy park with 42 turbines, in Mehedinti County
Thursday, July 16, 2009
Spanish Gestamp Eolica Co. is constructing in Livezi commune, Mehedinti County (south, a wind park equipped with 42 wind turbines, to be connected to the National Grid.Mayor Ion Serban told AGERPRES that this investment, in the value of some 200 million euros, will be developed in a zone called Pietroi, located between Livezile and Cacot villages.'A connection was made between the pilot station, 92 m. high, located in the established zone, and the one in Spain. A steadily stream of ...
Portile de Fier I power plant puts out 3 bln KWh
Thursday, July 16, 2009
The Portile de Fier (Iron Gates) I power plant located at the 942+950 km on the Danube River, supplied the third billionth KWh to the National Energy System, on Wednesday.The achievement of the power plant in Mehedinti County (south west), over Jan 1 - July 8, was made possible despite the vacillation in the Danube's flow, because each of the six hydro-aggregates of the plant were re-equipped and grew their output from 177 to 194.4 MW. The Romanian Portile de Fier ...
Romania, a firm candidate for hosting ACER seat
Thursday, July 16, 2009
Alongside the Swedish Presidency of the European Union, the Romanian authorities will assess Romania's arguments for hosting the European Agency for the Cooperation of Energy Regulators (ACER); the country's candidature is firm, Minister of Foreign Affairs Cristian Diaconescu on Thursday told a press conference. 'Together with the Swedish Presidency of the European Union we will assess Romania's arguments in support of Bucharest's bid to accommodate the European Agency for the ...
Petrochemicals to boost Oltchim business to 460 million euros in 2009
Thursday, July 16, 2009
State-owned Oltchim chemical fertilizer producer could reach 460 million euros worth of business by this year-end, after integrating Petrochemicals Arges company, starting mid-September, General Manager Constantin Roibu is quoted as saying by Business Standard. Prime Minister Emil Boc gave the green light to the final formalities for the petrochemical division take over, announcing that the Government will guarantee 50 million euros of the 62 million euros loan that Oltchim is to ...
Romgaz to collect accounts receivable worth 360 mln lei
Thursday, July 16, 2009
Romanian state-owned gas supplier Romgaz has to collect some 360 million lei in accounts receivable, a sum accumulated until May 2009, out of which 85.5 million lei represent accumulated accounts receivable since the beginning of the year, NewsIn informs.Romgaz representatives say the accounts receivable can be collected by legal means, as these are companies the gas producer has contracts with and which owe money to Romgaz. The back payments that Romgaz has to collect from its debtors ...
RWE enters Romanian electricity market
Thursday, July 16, 2009
Energy company RWE of Germany, one of the biggest in Europe, has received the license for the supply of electricity on the Romanian market after two years since request, according to an announcement of the National Energy Regulatory Authority (ANRE) cited on Monday by daily Financiarul .The license was extended to local branch RWE Supply&Trading and is valid by March 31, 2010. The entry of the German company on the domestic electricity market occurs following its inclusion in the ...
Romania's Jan. - May gas imports down 78.3 pct y-o-y
Thursday, July 16, 2009
In the first five months of the current year, Romania imported usable natural gas at 392,100 tonnes of oil equivalent (toe), by 78.3 percent less than in the same period a year ago, show figures released by the National Statistics Institute.Romania produced 3.777 million toe of natural gas Jan. through May, by 5.8 percent (233,700 toe) less than in Jan.-May ...
Romania might resort to Poland's advanced technologies in mining sector
Thursday, July 16, 2009
Romania and Poland are examining the possibility for a concrete collaboration with Poland in the field of coal mining and efficient use of the pitcoal, said on Wednesday Economy Minister Adriean Videanu at the end of the visit he had with Polish counterpart Waldemar Pawlak. 'I haven't had a concrete collaboration, but we are examining the opportunity to conclude an agreement in the mining field, on coal mining in Romania, resorting to Poland's advanced technologies, ' said the ...
Romania enters first stage of infringement procedure because of polluting landiflls
Thursday, July 16, 2009
Romania surpassed on Wednesday the European Union (EU) imposed deadline on cleaning the non-ecological landfills and, as such, it will enter the fist stage of infringement procedure at this chapter.At the end of May this year, Silvian Ionescu, Chief Commissioner of the National Environment Guard (GNM), voiced pessimism as for the observance of July 15, 2009 deadline for the standardization at European levels of the landfills, stating: 'From my viewpoint it is unrealistic that all those ...
Edward Chow: Romania's energy security depends on several short, medium and long term solutions
Thursday, July 16, 2009
Romania could secure itself in terms of energy by improving energy efficiency, building a liquefied gas terminal and planning major long term projects, American expert at the Center for International Strategic Studies in Washington DC, Edward Chow declared in a press conference organized by the Romanian Foreign Affairs ministry.He added that Romania seems to struggle still, to find a good model regarding the configuration of the internal energy market and system. He explained that ...
CEZ plans to buy minority shares packages from the companies it controls in Romania
Thursday, July 9, 2009
The energy group from the Czech Republic started negotiating for minor share packages from the companies it controls in Romania, CEZ representatives announced on Wednesday, quoted by Reuters.CEZ bought the majority share package from Electrica Oltenia, a company distributing electricity, in 2005. According to the contract, CEZ is entitled to buy all minority share packages as well, CEZ spokeswoman Eva Novakova said. Fondul Proprietatea (Property Fund) shareholders ...
Energy cooperation between Romania and Azerbaijan
Thursday, July 9, 2009
The official visit of Romanian minister of economy, Adriean Videanu to Azerbaijan, included talks with the president of the republic E.S. Ilham Aliyev focused on a possible cooperation between state-owned SOCAR and Romanian Terminal, Conpet, Oltchim and Romgaz, the ministry announced.The minister Adriean Videanu is paying an official three-day visit to Republic of Azerbaijan where he met the president E.S. Ilham Aliyev. “The talks included strategic energy issues, addressing both energy ...
Diaconescu: Serious efforts are needed to insure that Nabucco is implemented
Thursday, July 9, 2009
Minister of Foreign Affairs Cristian Diaconescu voiced hope on Tuesday, in the economic UNIMPRESA Forum, that Romania and Italy will cooperate in the field of projects on insuring the energy security, for which the European Union has allocated five billion euros and underlined that Nabucco gas pipeline, a priority for Romania, further needs big efforts in order to be implemented.'I discussed with Mr. Franco Frattini (present in the forum - editor's note) these aspects. Nabucco ...
Romgaz and Termoelectrica sign debt for equity deal
Thursday, July 9, 2009
Romgaz signed a deal with Termoelectrica to take majority stake in Iernut thermal power plant whereby the gas producer will cut its debt of 160 million lei, in a debt for equity swap approved by the Ministry of Economy. Romgaz plans to build here a new natural gas-fired plant of 600 MW. The operations of the thermal power station in Iernut, Mures has been outsourced from a subsidiary of Electrocentrale Bucuresti into a station of Termoelectrica. “This agreement is a win-win deal for both ...
Funds worth over 260m euros for wind park in Dobrogea
Thursday, July 9, 2009
Czech group CEZ has contracted a loan worth 262,350,000 euros for the construction of the wind park in Dobrogea (south-east region), the biggest of this type in Europe, said on Thursday in Drobeta Turnu Severin (south), his representative Dan Popescu. With the respective loan, guaranteed by German Export Credit Agency Hermes 139 turbines will be installed in a first stage with installed power of 347.5 MW and 100-metre high, Popescu said. 'The construction project of this ...
Romania risks infringement procedure for protected sites
Thursday, July 9, 2009
Romania risks facing the infringement procedure for protected areas because the Executive did not approve for sufficient areas to be included in Nature 2000’s system. The European Commission requested Romania to designate new or existent sites, according to Natura2000 Romania ONG Coalition. The 55 organisations making-up the coalition decided to launch a campaign, asking the Government to support the institutions responsible for an efficient managing of the protected areas network. ...