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Energy & Environment
CITON Bucharest draws up the location study for the new nuclear power station
Thursday, October 9, 2008
CITON Bucuresti, member of the RAAN makes the location study for the new nuclear power station to be built in Romania, Alexandru Sandulescu, manager in the MEF stated. The new nuclear power station to be built will have an installed power of 2,400 MW, the general manager of Nuclearelectrica Teodor Chirica stated in May 2008. It will have either two groups of 1,200 MW each, or four groups of 600 MW each, according to Chirica. The general manager of Nuclearelectrica said that the new power ...
Electricity export up by 72.5% for the first eight months of the year
Thursday, October 9, 2008
Electricity export went up by 1,529.4 million KWh, 72.5% respectively over the first eight months of the year, against the same period of 2007, and the population consumption increased by 7.5% according to the data sent by the National Institute for Statistics (INS). « The end consumption of electricity over this period was 35,326.9 million KWh, 4% higher than the same period of last year, public lighting registered an increase by 11.1% and the population consumption increased by 7.5%. ...
KazMunaiGaz paid 1.6 billion dollars for 75% of the Romanian Rompetrol group
Thursday, October 9, 2008
KazMunaiGaz paid 1.6 billion dollars to get 75% of the Rompetrol shares, the company's information policy director Ilya Pustogachev declared in Astana on Monday, quoted by Romanian news agency NewsIn. He added that currently the company was undergoing a restructuring plan, which would leave the company to deal only with oil and gas. KazMunaiGaz took over the Rompetrol group last year but the details of the transactions were not made public so far. According to information present ...
National power company – The newly-created company to be privatized with portfolio investors
Thursday, October 9, 2008
Romania’s national energy company Okayed by the government will be named Electrica and be privatized with portfolio investors, not a single strategic investor, to be a powerful company in the field, Prime Minister Calin Popescu Tariceanu said after a Cabinet meeting.The national power company was endorsed through an Emergency Ordinance, a type of law used by government when it aims to pass laws without steering them through Parliament.The prime minister explained the company will not be ...
Transgaz, FGSZ Ltd. Plinacro and BH-GAS set up a company for the analysis of NETS feasability
Thursday, October 2, 2008
Transgaz Medias, FGSZ Natural Gas Transmission Ltd of Hungary, Plinacro of Croatia and BH-GAS of Bosnia Herzegovian signed on Friday, September 26, the Memorandum of Agreement regarding the set up of a study company meant to analyse the feasibility of the NETS concept, according to Transgaz. According to a press release of Transgaz, issued on Monday to the BVB, this project is supported by the governments of the participating countries and the European Commission. The NETS project ( the new ...
Eight companies in the race for the construction of CET Fantanele electrical power plant
Thursday, October 2, 2008
Edison, E.ON Kraftwerke, Verbund, CEZ group of the Czech Republic, Unit Investment NV, Istroenergo Group, GdF-Suez and Romgaz lodged the files for pre-qualification for the construction of an electrical power plant in CET Fantanele, up to the deadline, a manager of ELCEN stated. ELCEN intends to build two electrical power plants, one in CET Progresu Bucuresti and the other in CET Fantanele in Mures county. Only one winner will be chose for each power plant, to form with ELCEN a joint ...
ButanGas will invest eight million euros in a wind energy project in the Apuseni Mountains
Thursday, October 2, 2008
Butan Gas will invest eight million euros in three wind turbines,with installed power of 4.5 MW to be constructed in the Apuseni Mountains, the general manager of Butan Gas Romania, Florin Preda stated. “ This project pilot in wind energy will be ready in almost two years. We finished the feasibility study. We have only one part of the authorizations and we hope that in the spring of 2009 we start the construction of the project” the general manager of ButanGas Romania stated. ButanGas ...
The European Commission accelerates procedures for the construction of Nabucco gas pipeline
Thursday, October 2, 2008
The European Commission takes measures to accelerate the beginning of construction of the Nabucco gas pipeline, Ferran Tarradellas, the spokesperson of the European Commissionaire for energy Andris Pielbalgs said. According to Tarradellas, by the end of 2008 the Commission will present Turkey and Georgia a list of issues to be discussed as regards the construction of the gas pipeline. At the same time, an international conference on the issue of the next Nabucco gas pipeline is considered ...
Minimum reserves of oil products for 2008 are 92,100 tons, up by 15%
Thursday, September 25, 2008
The government approved in the meeting last year the level of minimum reserves for oil products of 92,100 tons for 2008, up by 15% against the minimum reserves of oil products for 2007. The minimum reserves of oil products for 2007 were established at 80,000 tons. The financing of minimum reserves for 2008 is ensured by the state budget for the reserves constituted by the National Administration of State Reserves (ANRS) and out of own sources of the respective companies, to the reserves ...
Study : Romania, 9 out of 19 in the EU for liquidity on electricity market
Thursday, September 25, 2008
Romania is ranked 9 out of 19 in the European Union in a list of liquidity on the electricity market, according to the MOFFAT report drawn up by Moffat Associates Partnership, a press release of OPCOM informs on Monday. “ The study drawn up by Moffat Associates Partnership “ the examination and analysis of the EU electricity markets” was drawn up for the European Commission DG TREN and the subtitle of the report is “ The evaluation of the factors influencing the liquidity and present and ...
Investors and authorities resume negotiations for reactors 3 and 4, next week
Thursday, September 25, 2008
The Romanian authorities invited, next week, for negotiations the six investors interested in the construction of reactors 3 and 4 of the nuclear power stations in Cernavoda, stated the representatives of CEZ Romania on Wednesday. “ Next week we are going to meet with the other investors to resume negotiations about the two new reactors in Cernavoda”, the CEZ representatives said. Nuclearelectrica and MEF resumed negotiations on 27 August with the six investors for the construction of ...
Power Prices For Household Users In Low-Consumption Category Up 7.9% In 1H
Thursday, September 18, 2008
The price of electricity for household end users in the low-consumption category were up 7.95% in the first half of 2008, while for those in the high consumption category, prices were down 0.5%, compared with the second half of 2007, the National Statistical Institute, or INS, said Wednesday.Natural gas prices for household end-users in the low-consumption category rose by 5.6% and by 7.4% for those in the high-consumption category, the release reads.At the end of June, electric power price ...
Danish Companies Might Build Wind Farms In Romania, 2010-2012
Thursday, September 18, 2008
Danish power producer Scan Energy might install wind farms in Romania between 2010 and 2012, following the acquisition of 170 large-scale turbines worth some EUR500 million from Germany’s Nordex, the latter said Thursday in a press release.The 2.5 MW turbines are intended for projects in eleven countries: Germany, France, England, Spain, Italy, Poland, Greece, Croatia, Hungary, Turkey and Romania.The contract represents Nordex’s entrance on the Romanian market. “Nordex already has ...
Analysis: Reduced incentives and unclear laws “trouble”the solar energy business
Thursday, September 18, 2008
Uncertain regulations and reduced incentives, several times smaller than in other EU member states keep the developers in the solar energy expecting. Although Romania took a pledge to the EU to have an installed capacity of 1.5 MW there is no production license issued yet. The main incentive means of « clean » energy producers is the green certificate. « Green » certificates represent the documents received by producers from the energy transport operator the moment they deliver the energy ...
Upetrom – 1 Mai wants to open an agency in Russia
Thursday, September 11, 2008
Upetrom – 1 Mai, member of the Upetrom group is to decide in October during the AGM if they want to open an agency in Russia, in Moscow and if they want to borrow 40 million euro to finance and refinance the production process, the spokesperson of the group stated. “Upetrom – 1 Mai intends to borrow up to 40 million euros from a domestic bank to finance and refinance the production process. At the same time, the company wants to open an agency in Russia, Moscow. These are the issues on the ...
E.ON companies in Romania intend to merge
Thursday, September 11, 2008
E.ON Energie AG and E.ON Ruhrgas AG intend, starting with January 1 2009 to reunite their activities in Romania – E.ON Gaz Romania Holding and E.ON Energie Romania in a single company. The E.ON AG representative of Germany dr.Christian Drepper stated for Agerpres that the merger got approval from the leadership of E.ON Energie and E.ON Ruhrgas. The press office of E.ON Gaz Romania confirmed the information, one day after the discussions, in Targu Mures of the intention to merge the two ...
Butan Gas Romanian turnover grew by 48% in Q1 to 43 mil.euro
Thursday, September 11, 2008
Butan Gas Romania registered in the first 6 months of 2008 a turnover of 43 mil.euro, growing by 48% against the same period of last year, announced the company. According to the company’s estimates, the market share in 2008 for the three segments is 14% for gas tanks, 34% for small retail and 18% for the autogas market, Butan Gas covering 18% of the domestic market of GPL. Butan Gas Romania SA is part of the Butan Gas,one of the European leaders in liquefied gas distribution for household ...
Romania has over 20 billion tons of unexploited raw minerals
Thursday, September 11, 2008
In Romania there were over 20 billion tons of unexploited minerls: ferrous, non-ferrous, salt, non-metal, sands, decorative rocks, according to the data offered to NewsIn by the National Agency for Mineral Resources (ANRM). Under these conditions, the specialists in the domain of industry considered that reopening of the mining exploitation areas could contribute to the development of economy and the exploitations could become viable from an economic point of view through the support ...
Romania To Build Two Radioactive Waste Storage Facilities, By 2055
Thursday, September 4, 2008
Romania will be obligated to build one storage facility for low-level radioactive waste by 2014, and another one for high-level radioactive waste by the year 2055, in a highly challenging project with painstaking requirements.According to the plans of the National Agency for Radioactive Waste, or ANDRAD, the first facility will be built in southeastern Romanian locality Saligny, near the nuclear power plant in Cernavoda. “The low-level radioactive waste resulting from the activities of the ...
Lukoil Romania Merges Through Absorption With Lukoil Black Sea
Thursday, September 4, 2008
Lukoil Romania, a unit of Russian oil company Lukoil Holdings, merged through absorption with Lukoil Black Sea, the company’s share capital being unchanged as the absorbed company reported more debts than assets.Lukoil Romania posted total assets of 1.31 billion lei (EUR1=RON3.5330) prior to the merger, RON954 of which represented debts. Lukoil Black Sea reported RON39.45 billion worth of assets, with over RON280 million in debts.Lukoil Romania took over Lukoil Black Sea’s assets ...