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Energy & Environment
Electrica to invest over 100m euros in infrastructure
Thursday, June 18, 2009
The Ministry of Economy unblocked over 100 million euros from the privatizations of Electrica branches for the allotment of the sum to the electricity company with a view to making investments in infrastructure, said on Tuesday Economy Minister Adriean Videanu who attended Eurelectrica Conference. 'From the money obtained from privatizations, the over 100 million euros were earmarked for Electrica's investments in infrastructure. The company will no longer invest in the production ...
Romanian authorities consider providing only domestic natural gas to all consumers
Thursday, June 18, 2009
While the depletion of energy resources causes concern for most countries which are focusing on energy efficiency, Romania goes against the tide as authorities in Bucharest consider allowing all consumers in Romania to use natural gas from domestic production only. So far, Romanian natural gas consumption was 70% covered by domestic production, with the rest covered from imports.The split was established so that national natural gas reserves, which are limited, be preserved.Economy ...
Romanian Romgaz, Mineral Resources Agency Sign Exploration Agreements
Thursday, June 18, 2009
Romania’s gas producer Romgaz Medias and the country’s Mineral Resources Agency ANRM signed an oil exploration agreement on the Black Sea continental shelf and another one for the exploration and development of perimeters in the Pannonian Basin, according to the Economy Ministry. "Romgaz signed with ANRM the oil exploration agreement for the Black Sea continental shelf - Muridava East, Adjud, Ramnicu Sarat and Mizil. Also, it was equally inked the oil exploration-development agreement ...
Rafo boosts capital by 7,064 bln lei
Thursday, June 18, 2009
Rafo Onesti refinery will propose to shareholders the increase of common capital by 7,064, by issuing 2,825 shares at a nominal value of 2.5 leishare and integrating the outstanding receivable of 2.42 million lei from Conpet, according the official invitation remitted to Bucharest Stock Exchange.If all shares will be underwritten after the capital increase, Rafo will have a common capital of 7.066 bln lei. The remaining non-underwritten rights issue will be annulled.In the ...
Transelectrica contracts studies and taskbook for Romania-Turkey Underwater Cable
Thursday, June 11, 2009
Transelectrica and the company Vattenfall Power Consultant AB from Sweden signed a contract of Services for the carrying out of a feasibility study, including the Environment Study and the taskbook for a project on 'The Underwater Cable Romania-Turkey (HVDC Link), with the contract standing at 1.24 million euros, according the the information sent to BVB for a project on the Underground Cable Romania-Turkey, according to preliminary data sent to Bucharest Stock Exchange (HVDC) link, with the ...
Romgaz and Petrom negotiate price for domestic natural gas for industry
Thursday, June 11, 2009
Romgaz and Petrom are going to negotiate the prices for the natural gas to eb supplied from the domestic production to the companies in the industry sector, Romanian Minister of Economy Adriean Videanu, who attended the ceremony occasioned by the 60th anniversary since the setting up of the Institute for Energy Studies and Design (ISPE) said. 'Such companies in all industries that cannot possibly interrupt their activity will be supplied from the domestic production, with Romgaz ...
Romania’s Conflict With Sterling May Be Solved Amiably
Thursday, June 11, 2009
The dispute between Romania’s Government and Sterling Resources on the hydrocarbons explorations in the Black Sea may be solved amiably by signing a partnership between the Canadian company and local gas producer Romgaz, Thursday said Iulian Iancu, a deputy with the Social Democratic Party.So far, the Romanian authorities are not considering taking hard measures in this issue, as the former Government is to blame for Romania’s giving up to its rights in the Black Sea, added Iancu, who ...
Statistics:Primary energy resources decline 19pc
Thursday, June 11, 2009
Romania's primary energy resources declined 19 percent in the first four months of 2009, and electricity resources went down 10.7 percent over the same period, year on year, according to data with the National Statistics Institute (INS).The main resources of primary energy January-April 2009 totalled 11.2 million tonnes of oil equivalent (toe), down 2.631 million toe.Domestic production was 7.875 million toe, down 6.4 percent year on year, while imports stood at 3.324 million toe, ...
First Romanian LPG terminal to be built in Midia Port
Thursday, June 11, 2009
Octogon GAS & Logistics SRL, a company set up in 2008, announced on Friday it would start building the first Romanian sea liquefied petroleum gas (LPG) terminal in Midia Port (Romanian Black Sea shore). The terminal designed for a total capacity of 4,000 cu.m will cover almost 24,000 sq.m in the Midia port area, and the investment worth 8.8 million euros is financed by the Banca Transilvania, Company's general manager Bogdan Idu told Agerpres.'The sea LPG terminal will be the most ...
UniCredit Tiriac Bank finances the biggest electronic waste recycling factory in South-East Europe
Thursday, June 11, 2009
UniCredit Tiriac Bank lent 4.63 million euros to GreenWEEE International to open in Buzau the biggest electric and electronic equipment waste recycling factory in south-east Europe.The 7-year credit line will cover the costs for the treatment and processing equipments in compliance with UE 200296EC Directive on waste electrical and electronic equipment. The factory required a total investment of around 10 million euros. The turnover estimated by GreenWEEE for first year of operation ...
EGL Romania to invest in a wind energy park
Thursday, June 11, 2009
EGL Romania has expressed interest in investing in renewable energy in order to become electricity provider, and revealed the possibility of developing a wind energy park with a power of 50 MW, according to the managing director of the company, Petre Stroe.“The long-term strategy of the company includes a round of investments in Romanian market in renewable energy and natural gas storage facilities. We are considering building a Greenfield wind energy park with a power between 20 and ...
Dacia-Renault Group invests 17 mln euros in environment protection
Thursday, June 11, 2009
Value of Dacia-Renault Group investments in environment protection exceeded 17 million euros over 2000-2009, according to an official release of the automaker.At the same time, the group announced the launching of an Environment Declaration, document defining the goals of reduction of the impact of the plant activities upon the environment. The declaration represents the guidelines in the environment protection field with a 10-year vision on the evolutions of the industrial site in Mioveni, ...
Total surface of protected areas in Romania below EU average
Thursday, June 11, 2009
Although Romania owns the most diversified and valuable natural patrimony in Europe, the total surface of protected areas, 7 percent, remains much below the European Union - 15 percent, according to data released on its Web page by the Environment Ministry. According to the in force legislation over the regime of the protected natural areas, conservation of the natural habitats, wild flora and fauna, in Romania there were identified several categories of protected areas, from ...
EC officials: No comments for now on future energy strategy
Thursday, June 11, 2009
Representatives of the European Commission (EC) cannot comment for the time being the new strategy on the energy system overhaul, this being possible after a notification received from Romania's Government, stated on Tuesday the European Commissioner for Energy, Andris Piebalgs, present in Bucharest in the Forum for Energy Efficiency and Renewable Energy Sources.'It is difficult to comment the new strategy on the energy system overhaul in Romania because currently we just had an ...
EC officials: Romania is first to have supported setting up of ACER
Thursday, June 11, 2009
Romania was the first country to have supported the setting up of the Agency of Cooperation for Regulation in Energy (ACER), but all the three candidates for hosting this agency are adequate, said on Tuesday, in Bucharest, at a press conference, European commissioner for energy Andris Piebalgs.Romania was the first country to have supported the creation of this agency. Of the three candidates, Romania, Slovenia and Slovakia willl win the headquarters of the agency, the best prepared ...
Romania to start talks with EC regarding state aid granted to CNH
Thursday, June 11, 2009
Romania will start the talks with officials of the European Commission (EC) for solving the problem of the granting of state aid to the National Company of Pit Coal (CNH), said, on Tuesday, after a meeting with the European Commissioner for Energy Andris Piebalgs, said, on Tuesday, Minister of Economy Adrian Videanu.As regards the introduction of Electrica Co in one of the two integrated companies, stipulated in the new energy strategy, the European Commission needs not to be notified. 'It ...
Romania To Notify EC In July On Reorganizing Energy Sector
Thursday, June 11, 2009
Romania will notify the European Commission at the end of July about its plans to reorganize the country’s energy sector, Economy Minister Adriean Videanu said Tuesday. The power sector restructuring will be publicly debated between June 15 and July 15, and the Commission will be afterwards officially notified about the plan."Some changes may appear after the public debate. The reorganization will become a fact by the end of the year. We will not include companies with debts in the two ...
Romania Economy minister: Industrial consumer can benefit from cheap natural gas from domestic production
Thursday, June 11, 2009
Romania's Economy minister Adriean Videanu said Romania was reporting a surplus of natural gas production which helped provide help to industrial consumers. These will benefit from natural gas from domestic production exclusively for the next six months as domestic production was cheaper than imported gas.But Videanu said there was not enough natural gas from domestic production for household consumers. He said he would send a notification to the European Commission on this form of support ...
European Energy Commissioner says Romania-Russia natural gas collaboration beneficial
Thursday, June 11, 2009
The European Commissioner for Energy, Andris Pielbags, said on Tuesday that the technical support provided by Romania for the South Stream project would not jeopardize Nabucco. He made the statement following a meeting with Romanian Economy minister Adriean Videanu.Pielbags said the existence of multiple gas pipelines would be useful for Europe.Following a visit by minister Videanu to Moscow last month, Gazprom asked for Romania's technical support for drilling activities at the ...
Romania To Set Up Two National Energy Companies With Similar Market Shares
Thursday, June 11, 2009
Romanian Economy Minister Adriean Videanu presented Wednesday the structure of the two national power companies that will be set up in 2009, which will have similar market shares, according to the energy sector reorganization plan drawn up by the authorities. According to him, the strategy to reorganize the power sector takes into account, among others, a forecast on the country’s energy consumption that sees a 2.5% annual increase by 2025, and the necessary investments to upgrade the ...