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Energy & Environment
Alpiq acquires Romanian EHOL
Thursday, July 9, 2009
Aare-Tessin Ltd. for Electricity, member of Alpiq Holding Ltd has acquired the local energy provider EHOL Distribution. The transaction was closed on July 1, 2009, the parties refusing to disclose the value.EHOL administers large portfolio of industrial customers in Romania. With this takeover, Alpiq has become one of the top three end-customer providers in Romania and has further consolidated its position in the south-east European electricity market.As a result of the ...
The largest renewable energy operator opens office in Romania
Thursday, July 9, 2009
Iberdrola, one of the world’s largest electricity utilities and renewable energy operators opened office in Romania in a building located in Polona street, central Bucharest.The company concluded a two-year leasing agreement for a 350-sqm area in an office building on Polona street , said the real estate consultant, CBRE|Eurisko, leasing agent.“Together with our colleagues in Spain, we have identified the best solution for Iberdrola’s offices in Romania, thus completing a new ...
Coke imports to curb by 40 pc in 2009
Thursday, July 9, 2009
Romania's coke imports will total 270,000 tons of oil equivalent (toe), this year, by 40 percent lower than last year, reads the National Prognosis Commission's forecast on energy balance over 2009-2013.The coke imports will start growing slightly starting in 2010, when they are expected to reach 273,000 toe, to 278,000 in 2011, to 285,000 toe in 2012 and to 295,000 toe in 2013. ...
Oil product imports to grow by 14 pc in 2009
Thursday, July 9, 2009
Romania's oil product imports will grow by 14 percent this year and are expected to attain 1.65 million tonnes of oil equivalent (toe), compared to 1.446 million toe last year, according to the energy balance prognosis during 2009-2013 drawn up by the National Prognosis Commission. Oil product imports will start dropping starting in 2010, when they are to attain 1.595 million toe, and are expected to reach 1.538 million toe in 2011, and 1.481 million toe in 2012 and 1.424 million toe in ...
Hydro electrical and wind power to drop by 4.5 pc in 2009
Thursday, July 9, 2009
The hydro electrical and the wind power will drop by 4.5 percent in 2009 compared to 2008 and will total 1.41 million tonnes of oil equivalent (toe), reads the National Prognosis Commission (CNP) energy balance forecast over 2009-2013.The hydro electrical and the wind power will start growing slightly starting next year and will attain 1.427 million toe in 2010 and 1.445 million toe in 2011.The growth will continue up to 1.467 million toe in 2012, and to 1.492 million toe in 2013.On the ...
Gov't aiming to upgrade thermal plants
Thursday, July 9, 2009
Gov't plans to carry out a national programme on the upgrade of thermal plants coordinated by the Economy Ministry, with a view to preparing for the winter season, said PD-L vice-president Gheorghe Flutur after the weekly meeting of the political party. 'The programme will be financed from the sale of rights for some 150 million tonnes of carbon dioxide, for which we might receive some 1.8 billion euros to use for the upgrade of thermal plants in the towns with centralized heating ...
Aurelian Oil&Gas PLC, pleased with Lilieci-1 well test results
Thursday, July 9, 2009
Aurelian Oil & Gas PLC, focused on the re-emerging Central and Eastern European oil and gas markets, on Monday said in a press release that it is pleased to announce that the further testing of its Lilieci-1 well, announced as a discovery on 13 February 2009, has been successfully completed.The company mentions that Romgaz, who owns a 40-percent stake in the Lilieci-1 well, has recently made a gas discovery, Berbeceni-1, to the east of the Bacau concession in the same play as ...
Renewable Energy Employers Association is set up
Thursday, July 9, 2009
A new employers association, that of the Renewable Energies (RENERG) has been set up during the General Assembly of the General Confederation of the Romanian Industrial Employers (UGIR-1903), a press release informs. The Renewable Energy Employers Association (RENERG) assumes the role of the promoter of the development of the renewable energy sector in Romania, with the view to protecting the environment, sparing the resources and defending the business interests of its ...
Standard &Poor’s confirmed B rating for Rompetrol with negative perspective
Thursday, July 9, 2009
Standard &Poor’s confirmed on Wednesday the Rompetrol Group rating for long term credits at “B” with negative perspective, according to NewsIn which quotes a press release of the evaluation agency. The analysts of the agency show that the Rompetrol rating keeps in mind the financial support to be offered to the majority shareholder the KazMunayGaz group if necessary. The rating offered to Rompetrol depends on the support offered to KMG in the context where the creditation profile of ...
ANRE to prepare calendar on giving up price regulated for electricity and natural gas
Thursday, July 2, 2009
The National Energy Regulatory Authority (ANRE) will prepare a calendar on giving up the price regulated for the price of electricity and natural gas, following the announcement made by the European Commission (EC) referring to the initiation of the infringement procedure for the Romanian energy field, said on Thursday general manager of the ANRE, Maria Manicuta. 'Romania will prepare a calendar on giving up the tariffs for natural gas and electricity regulated by the state. The ...
Petrom invests 180 million euros in an oil field in Kazakhstan
Thursday, July 2, 2009
Petrom started the oil exploration of Kazahstan’s Komsomolskoe oil field where the company expects to reach a plateau rate of 10,000 boe for the following years, the project absorbing 180-mn euro investment. “We are very pleased we made this major step in obtaining the first results of production at Komsomolskoe oil field. “We are very pleased to having achieved this milestone of first oil production from the Komsomolskoe field. Developing a mid-sized oil field in around one and a half ...
Price of natural gas drops by 5 percent starting July 1
Thursday, July 2, 2009
The price of natural gas will drop by five percent starting on July 1, following a decision made by the National Regulatory Authority in Energy (ANRE). On the other hand ANRE estimates an average price of imported natural gas at 270 dollars1,000 cu m for the third quarter as against 370 dollars1,000 cu m, the price that was estimated for the second quarter. For the evaluation of the cost of imported natural gas they used the exchange rate announced by the National Bank of Romania on April ...
EU to fund 11 environmental projects worth 1.1 bln euros
Thursday, July 2, 2009
The 11th major project on the protection of the environment approved by the European Commission for being funded under the Operational Environmental Sectoral Programme relates the rehabilitation and extension of the water systems and sewerage in the central Brasov county, the environment ministry announced on Wednesday.Romania thus has 11 major projects on the protection of the environment for which the Commission has issued decisions on financing, with the value of the approved ...
EU issues template for national renewables plans
Thursday, July 2, 2009
The European Commission yesterday (30 June) adopted a template for national renewable energy action plans (NREAPS), requiring member states to detail how they intend to reach their national targets for the share of renewables in their energy mix. The action plans are a feature of the new Renewables Directive, which entered into force last month, setting a binding target to source 20% of the EU's energy consumption from renewables by 2020.Member states must now fill in the template with ...
Reuters: E.ON to sue Romania over gas tariff cuts
Thursday, July 2, 2009
The Romanian gas distribution unit of Germany's utility group E.ON (EONGn.DE: Quote, Profile, Research) will sue the European Union state's energy price regulator after it enforced gas tariffs cuts in May, the firm said. Following Romanian authorities' decision to lower gas costs by 3 percent as of May 1, E.ON Gaz Distributie said it recorded "justified uncovered costs" worth 172 million lei ($40.8 million) so far."The decision... seriously affects the financial status of the company, ...
Romania’s Electricity Price To Be Kept Unchanged In July - Energy Watchdog President
Thursday, July 2, 2009
Romania’s electricity prices will most likely remain unchanged as of July 1, as a price cut might create problems in the system, but household prices for natural gas will be reduced by 5%, said Friday Petru Lificiu, the president of the country’s energy regulatory authority ANRE. Lificiu also said that a clear situation on the electricity price will be presented by the end of June.According to him, ANRE will further look for solutions to stimulate the country's energy production ...
Sweden seeks to steer EU onto energy-efficient path
Thursday, July 2, 2009
Sweden plans to step up Europe's energy-efficiency legislation as it took over the rotating six-month EU presidency at the beginning of July.Sweden will be well-placed to push its vision on energy efficiency as it takes the EU helm in the midst of the revision of the EU's energy efficiency action plan. The Commission launched a public consultation on 8 June and plans to present a new plan in November.Sweden has themed its economic and environmental strategy as a "transition into an ...
Siemens prepares turbines for entry onto a market worth tens of billions of euros
Thursday, June 25, 2009
The German Siemens giant, one of the world's main wind turbine manufacturers, intends to enter onto the Romanian market, where business has a potential of several tens of billions of euro. Siemens will also participate in all auctions to be organized by investors in wind energy, said company officials, quoted by Business Standard.The Siemens announcement comes after the arrival on the local market of its most important global rivals, such as U.S. General Electric (GE), Spanish ...
Patriciu: Black Sea's potentials for alternative energy resources will be quantified in two-three years
Thursday, June 25, 2009
The blocks leased out in the Black Sea to Marine Resources Exploration International, belonging to the Rompetrol Holding group of companies, is a potential in terms of resources for the generation of alternative energy, but the Black Sea's potentials for alternative energy resources will be quantified in two-three years, businessman Dinu Patricu told a private radio station in a recent interview.'As I was saying, there is a potential in terms of resources for the generation of ...
European funds of more than one million euros for energy projects
Thursday, June 25, 2009
More than 1.17 million euros were allocated to energy projects in the framework of Sectoral Operational Programme Competitiveness and Employment (ECCSOP), accounting for almost 40 percent of the total allocated budget for this programme, the Ministry of Economy (MF) informs in a release. As many as 27 operations of a total of 35 were launched on the first four priority axis till June 5, 2009. The overall ECCSOP budget is of approximately three billion euros. Total value of asked ...