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Energy & Environment
Kazatomprom has successfully delivered uranium for Romania's nuclear power plant
Thursday, April 6, 2023
National Atomic Company Kazatomprom JSC (hereinafter - "Kazatomprom" or "the Company") informs about the successful delivery of natural uranium concentrates for the energy company - Societatea National? "Nuclearelectrica" S.A. ("SNN"), https://www.marketscreener.com/ informs. SNN is a Romanian state-owned company in the field of electric power and heat supply, engaged in the ...
Fitch Revises Nuclearelectrica's outlook to stable on sovereign action
Thursday, April 6, 2023
On last Thursday, Fitch Ratings revised the Outlook on Romania's S.N. Nuclearelectrica S.A.'s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at 'BBB-', according to a press statement released by the credit rating agency.The rating action reflects the revision of the Outlook on Romania's Long-Term Foreign- and Local-Currency IDRs to Stable from Negative on March 24, 2023.Nuclearelectrica's rating and ...
Transelectrica has completed refurbishment of Iaz Transformer Station, a 62 million RON investment
Thursday, April 6, 2023
Transelectrica SA National Electric Power Transport Company has completed the process of upgrading the 220/110 kV Iaz Transformer Station (Caras-Severin county), in operation since 1975, with an investment of approximately RON 62 million, from its own funds.The works were executed by the Siemens Energy SRL - Electrogrup SA Association, in 46 months, and provided for the replacement of the existing equipment with state-of-the-art equipment and technologies ...
Romgaz is preparing an investment program of over 2.3 billion RON, almost half for Neptun Deep
Thursday, April 6, 2023
Romgaz National Natural Gas Company has an ambitious investment program for 2023, worth 2.3 billion RON, of which less than half will go to the Neptun Deep project, the general director of the company, Razvan Popescu, announced on Thursday at a conference on energy topics organized by DC Media Group."These investments are assumed, they are also initiated through the development program of the Caragele perimeter for 2023 and 2025, where we have nine wells ...
Conpet: Works on pipelines at Borcea Branch have been completed
Thursday, April 6, 2023
Works to replace the connecting lines on the import oil transport pipelines that undercross the Danube (Borcea Branch) were completed four months before the contracted term, the investments amounting to over 26 million euro, informs Conpet. The Minister of Energy, Virgil Popescu, the Secretary of State George ...
Amber Infrastructure has invested close 50 million euros in renewables in Romania
Thursday, April 6, 2023
Romania lacks American capital but Amber Infrastructure Limited is trying to get around 300 million dollars from the US to invest in Romania or in the neighboring countries. „We do not have enough American capital in Romania. We are confident that fund will get 300 million dollars from US Development Finance Corporation and this it’s a breakthrough in terms of American capital that can be ...
E-DISTRIBUTIE BANAT INVESTS ABOUT 50 MILLION LEI IN A NEW PRIMARY SUBSTATION AND MEDIUM VOLTAGE GRIDS, IN THE NORTH OF TIMISOARA
Thursday, April 6, 2023
The primary substation is fully digitized and operates in a Telecontrol system, being equipped with new, compact, energy efficient equipment, some of it produced in ...
EnerMin Popescu: Coal facilities must be replaced, after closing with renewable, natural gas facilities
Thursday, April 6, 2023
The closing of coal-fired facilities should lead to its replacement with renewable and natural gas facilities, Elena Popescu with the Energy Ministry, the Directorate General for Energy Policy and Green Deal, said at a specialist event on Tuesday."We can't shut down 5,000 MW by 2026 and live on renewable alone. The facility on renewables will increase, we expect it to grow by 2035," Elena Popescu said at the conference called "Energy ...
Electricity prices capped at fairly low levels; energy efficiency investment not incentivised
Thursday, April 6, 2023
Romania has quite advantageous legislation in terms of consumers and prices are capped at quite low levels, especially for electricity, which is why measures and investment in energy efficiency could be limited, Zoltan Nagy-Bege, the deputy-chair of the National Energy Regulatory Authority (ANRE), told a specialist conference on Tuesday."Energy efficiency will have a very important role because, in the end, you can overcome crisis following two directions: ...
EnergMin Popescu: Romania supports development of civil nuclear programme
Thursday, March 30, 2023
Romania supports the development of the civil nuclear programme, because decarbonisation is not possible without nuclear energy, Energy Minister Virgil Popescu stated."Today [Tuesday] I am in Brussels, at the Transport, Telecommunications and Energy Council meeting. At first light, I attended a meeting with several ministers from the EU countries to discuss the details about the measures to support nuclear energy. Romania supports the development of the ...
StateSec Nitulescu: Romania to reach 34pct renewable energy sources after a review of Energy Plan
Thursday, March 30, 2023
Romania has assumed a share of approximately 30.7pct of renewable energy sources for 2030 through the National Integrated Energy and Climate Change Plan 2021-2030, but through a review, it will reach 34pct, Secretary of State within the Energy Ministry Casian Nitulescu stated on Monday."The energy efficiency dimension has an important role at national level. Not only does it ensure energy security, but also a transition toward cleaner, greener ...
Romania, in the top 3 Oil Producers in the EU, in 2021
Thursday, March 30, 2023
After reaching a record high of 96.78% in 2020, the import dependency for the entire family of crude oil and petroleum products declined to 91.67% in 2021, according to a Eurostat report. This value is the second lowest since 1990, after the historical minimum of 91.66% in 1999. Any further change influenced by Russian invasion of Ukraine and the following EU policy decisions will be reflected in the 2022 data. Romania is among the ...
Romania will reach 34% renewable energy sources after an analysis of the Energy Plan
Thursday, March 30, 2023
Romania has assumed as renewable energy sources a share of about 30.7% for 2030 through the integrated National Energy and Climate change Plan 2021-2030, but through a reanalysis it will reach 34%, said Casian Nitulescu, State Secretary in the Ministry of Energy on Monday. He said that, through investments in energy efficiency, Romania can have numerous benefits such as the major drop of the energy consumption, a reduction of gas emissions ...
Investment Committee paves way for first InvestEU projects by EBRD to support green mobility and energy
Thursday, March 30, 2023
More than €1.1 billion in finance to be mobilised in sustainable projects, supported by €150 million in InvestEU guarantees Under the InvestEU programme, the European Bank for Reconstruction and Development (EBRD) and European Commission work together to help various EU countries in reaching their full green ...
Romania's crude oil production drops 4.1 pct this January, crude imports go up 27.4 pct
Thursday, March 30, 2023
Romania produced this January 243,000 tonnes of crude oil equivalent (toe), by 10,500 toe less (-4.1 pct) compared to the same period of 2022, show figures centralized by the National Institute of Statistics (INS).January's crude imports amounted to 776,200 toe, by 167,100 toe (27.4 pct) more year-over-year.According to estimates by the National Strategy and Forecast Commission, Romania's crude production this year will amount to 3.095 million ...
IULIUS Group installed photovoltaic panels on all the properties in its portfolio and will produce 5,500 MWh annually across the group
Thursday, March 30, 2023
IULIUS is the only company on the Romanian real estate market to implement a complex project designed to enhance the energy autonomy across all its properties, both under development and in operation, by installing photovoltaic panels. The group is managing the entire process, from its design to the purchasing of equipment, and installation and commissioning of the infrastructure; subsequently, this will be connected to the internal distribution system and the energy it ...
Electrica announces completion of acquisition of company developing photovoltaic project "Satu Mare 2"
Thursday, March 30, 2023
Electrica has completed the acquisition of the Sunwind Energy company, whose main activity is the production of energy from photovoltaic sources, the company informed on Friday.According to a press release, Electrica is developing the photovoltaic project "Satu Mare 2," with an installed capacity of 27 MW. The project is in the "ready to build" phase and is located in the vicinity of Botiz commune, Satu Mare county."In accordance with the ...
EBRD supports energy security in Romania
Thursday, March 23, 2023
EBRD lends €37 million to Romania’s leading electricity distribution network operator Loan finances liquidity needs to cover increasing costs Energy security and resilience are EBRD regional ...
Commission approves EUR 103 million Romanian scheme under the Recovery and Resilience Facility
Thursday, March 23, 2023
The European Commission has approved, under EU State aid rules, a Romanian scheme of EUR 103 million (RON 512 million) to support the construction of electricity storage facilities. This measure will be partly financed by the Recovery and Resilience Facility (“RRF”), following the positive assessment by the Commission of the Romanian Recovery and ...
The minister of energy: A new step for the exploitation of gas in Neptune Deep was made
Thursday, March 23, 2023
A new important step for the exploitation of natural gas in Neptune Deep, in the Black Sea was made on Thursday, with the signing of the ceremonial statement by Transgaz, OMV_Petrom and Romgaz regarding the signing of the contracts for transport of natural gas, announced the minister of energy, Virgil Popescu.He said that his project was signed for the period September 2026 – September ...