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Energy & Environment
Romania’s Transelectrica Hikes Tariffs By Up To 7.8% Jan 1
Thursday, January 8, 2009
Romania’s state-owned power grid operator Transelectrica (TEL.RO) rose electricity transport and system tariffs by up to 7.8% as of January 1, but kept unchanged the tariffs for the services provided by Romanian power exchange Opcom, based on an order of Romania’s Energy Authority ANRE, the company announced Tuesday.Thus, the average tariff for energy transport rose by 5.22%, from 15.33 lei (EUR1= 3.4296)MWh to RON16.13MWh, the system service tariff rose by 7.8% at RON20.08MWh, while the ...
Romania’s Transelectrica, 41 European Power Transport Cos Set Up ENTSO-E Organization
Thursday, January 8, 2009
More than 40 European power transmission operators, including Romania’s power grid operator Transelectrica (TEL.RO), set up an organization aiming to integrate the energy market within the European Union, named the European Network of Transmission System Operators for Electricity, or ENTSO-E."ENTSO-E’s purpose is to integrate the electricity market within the European Union, to create market rules for power supply, based on technical network codes and according to the market," Transelectrica ...
Nuclearelectrica: Units running at full throttle
Thursday, January 8, 2009
Nuclearelectrica company is prepared and it is working at full throttle being able to ensure the necessary electricity in order to make up for the lack of natural gas. 'We are aware of the situation the energy system is undergoing and we are watching the installations carefully. At present we have a gross output of 1,419 megawatts and 70 percent of the current production goes to the regulated market. Through our share on the market we represent at present an important support for the energy ...
Transgaz general manager: Population will not be affected and gas price stays unchanged
Thursday, January 8, 2009
Population in Romania will not be affected by existing situation with Russia having cut off gas supply to Romania and an increase in price for gas is out of question, general manager of Transgaz Ioan Rusu stated on Wednesday.The Transgaz official underlined he has no idea for how long Russia will maintain the current state. He also added that: 'problems might appear in case of extremely low temperatures, below minus 15 degrees Celsius, several days in a row.' Nevertheless, Ioan Rusu said, ...
Romania in emergency mode following Russia's halting gas supplies
Thursday, January 8, 2009
The Ministry of Economy said that following Russia's halting natural gas supplies, the government declared an ‘emergency mode', not a ‘state of emergency', reads a release of the Ministry of Economy. The Coordination Committee on gas supply safety convened on Wednesday at the Ministry of Economy decided to order the emergency mode according to the provisions of Law 3462007, so as to allow Transgaz to efficiently address the situation and keep the national gas transport and supply system ...
Russia will resume gas deliveries after setting up observers at the Russian - Ukrainian border
Thursday, January 8, 2009
Natural gas deliveries from Russia towards Europe will be resumed after European observers will reach the Russian - Ukrainian border to check the transit, Czech PM Mirek Topolanek declared quoted by AFP. The European Commission proposed on Wednesday a fair solution: the presence of observers that would monitor the natural gas volumes transiting Ukraine. Ukraine accepted the proposal but Russia did not offered a clear answer. George Bush's administration warned on Wednesday that Russia should ...
Rominserv eyes 30M USD in 2009 business at Kazakhstan subsidiary
Thursday, December 18, 2008
Rominserv, which is the general contractor of Oil Group Rompetrol, has recently opened a subsidiary in Kazakhstan, which it anticipates would attain a turnover worth some 30 million dollars in 2009, the company announced on Thursday.'Rominserv Kazakhstan will allow the supply of turnkey solutions (industrial maintenance services, project management, technical and technological development services) as well as the establishment of a platform for the expansion of the Rompetrol Group ...
Gov't approves national energy efficiency programme for 2009-2010
Thursday, December 18, 2008
The Government passed on Wednesday, December 10, the National Energy Programme in the public sector for years 2009-2010, which provides financial support by non-repayable financing from state budget for a range of objectives of investments in the energy field, reads a release of the Government. The programme is aimed at making significant savings of energy and fuel and at reducing the pollution of the environment. At the same time it will provide an example to follow for other public or ...
Electrical line linking Arad to Nadab and Bekescsaba opened on Friday
Thursday, December 18, 2008
Romanian grid Transelectrica and its Hungarian counterpart MAVIR officially commissioned on Friday the 400-kilovats electrical line linking Arad and Nadab (Romania) to Bekescsaba (Hungary).Attending the event were officials of the Romanian Ministry of Economy and Finance, local authorities, the executive managers and officials of Transelectrica and MAVIR, representatives of the constructors, consultants and financing institutions, partners and co-workers of the two companies, ...
Nuclearelectrica expects a 20 pct annual rise in profit in 2009
Thursday, December 18, 2008
The state-owned Nuclearelectrica company, the second-largest Romanian electricity supplier accounting for 19 percent of the local market, is estimating a 20 percent annual increase in net profit in 2009, in spite of the influence of risk factors, such as higher interest rates on contracted loans and the unpredictable evolution of the exchange rate, Teodor Chirica, the company's General Manager said.. The company is not expecting a major impact of the financial crisis, 'at least not in 2009', ...
Romania To Become CERN Member State
Thursday, December 18, 2008
Romania was formally accepted among the candidates for the title of member within the European Organization for Nuclear Research (CERN), following a decision made by the CERN Board, according to interactions.org.Romania could become a CERN member after a monitoring interval of five years, following analyses of the country’s contribution, in parallel with participation in CERN ...
Transgaz projects 309.5-million lei net profit in 2009
Thursday, December 18, 2008
Shareholders of the National Natural Gas Transport Company Transgaz based in Medias (central Romania) approved on Tuesday, Dec 16, the draft Revenue and expenses budget for 2009 projecting a 309.545-million lei net profit, according to a press release of the company submitted to the Bucharest Stock Exchange (BVB). The total revenues are assessed at some 1.417 billion lei, of which 1.408 billion lei from operating activities, while the expenses are valued at nearly 1.052 billion ...
Transelectrica estimates growth of 126 million lei in gross profit, in 2009
Thursday, December 18, 2008
The shareholders of Transelectrica, the national company of transport of electricity, estimates a gross profit worth 126.315 million lei, for 2009, slightly up the initial forecasts, said a release of the company, sent to Bucharest Stock Exchange, BVB.In the draft budget for 2009, approved by the Ministry of Economy and Finance (MEF), the revenues are put at 3.080 billion lei, and the expenses at 2.954 billion lei.The shareholders of Transelectrica also approved a revised ...
Petrom released public bid on Tuesday on takeover of Petrom Aviation
Thursday, December 18, 2008
Petrom company released on Tuesday a public offer on the takeover of Petrom Aviation, in which it already holds a 69.37-percent stake, according to the information sent to the Bucharest Stock Exchange (BVB) In October 2008 Petrom bought an additional stake of 20.87 percent in Petrom Aviation following a transaction on the Bucharest Stock Exchange, after the completion of the transaction registering a stake in the company worth 69.37 percent. Petrom Aviation reported in the first ...
Transelectrica aims to double export capacities
Thursday, December 18, 2008
Electricity suppliers and producers in Romania might increase exports to Hungary and Austria, after Transelectrica started an investment programme that will prompt the doubling of local export capacities of electricity, daily Business Standard reports. Romania's main goal in this project of connecting the electricity markets to Hungary and Austria is to export energy to the markets where the price is better the demand higher, to exist predictability and a higher confidence in the ...
Rompetrol readies for listing on London's ICE Futures
Thursday, December 18, 2008
Rompetrol pursues to obtain a type of crude with the characteristics required by West European refineries and capable of asserting itself on the market as a distinct product, thus qualifying for getting listed on the London-based ICE Futures. The crude mix will be obtained according to the REPCO (Russian Export Crud Oil Brand) model and Rompetrol seeks a consistent blend of crude extracted from ex-Soviet countries in the Black Sea and Caucasus area. To this aim, the company needs to also ...
Hidroelectrica sells 10 micro power plants
Thursday, December 18, 2008
State-owned company Hidroelectrica announced the organisation on February 16, 2009 of two open-cry auctions for the sale of 10 micro-power plants in Suceava county (northern Romania) for an overall price of 43.37 million lei (some 11.1 million euros). The first lot is made up of six micron power plants, for whose upgrade the future owner will have to invest 7.47 million lei, without VAT (about 2 million euros). For the second lot, the buyer will assume investments for upgrade ...
Economic crisis reduces energy price for eligible consumers
Thursday, December 18, 2008
The economic crisis, which is reducing energy consumption, will lead to a decrease in the electricity price for the eligible consumers as of H2 2009, Ion Lungu, the general manager of CEZ Trade Co. told Agerpres on Tuesday during a seminar on energy topics.'Given the big consumers cut consumption due to the economic crisis, the energy generation will decrease, too. In fact, the demand will be lower than the supply and thus they will have to lower tariffs for the eligible consumers, ...
Romanian-Swedish cooperation agreement in energy and environment fields
Thursday, December 18, 2008
Romania and Sweden have signed on Tuesday a Governmental cooperation agreement in the energy and environment protection fields, which represent national priorities for both countries and, at the same time, significant common commitments assumed in the European Union (EU) context, informs the Romanian Ministry of Foreign Affairs (MAE).The document was signed by Romania's Ambassador to the Kingdom of Sweden Victoria Popescu and Director general of the Department for Trade in the ...
Poznań climate talks leave 'heavy lifting' for 2009
Thursday, December 18, 2008
Despite great expectations, UN climate talks in Poznań have failed to deliver a coherent plan for action, with activists and environmentalists voicing disappointment that much of the "heavy lifting" negotiations had been postponed until next year. Delegates will seek to strike a deal on a new international climate change agreement in Copenhagen next December. After 12 days of extenuating negotiations at the UN Framework Convention on Climate Change (UNFCCC), delegates were able to agree ...