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Energy & Environment
Germany eyes new scheme to keep old nuclear
Thursday, September 4, 2008
German energy giants RWE, E.ON and Vattenfall are trying to persuade politicians in Berlin to scrap a planned 15-year phase-out of the country's existing nuclear power stations, according to press reports. The companies are proposing a scheme whereby profits from the sale of nuclear energy would be funnelled into clean energy research or used to ease rising energy costs for German households, the Financial Times reported on 25 August. Since most of Germany's nuclear plants have already ...
Environment minister asks that Balan sediment ponds become safe area
Thursday, August 28, 2008
Minister of Environment and Sustainable Development Attila Korodi asked on Friday, at Balan, center of Romania, that the sediment ponds and the residues of the former copper mine there be turned into a safe area.Minister Korodi paid a visit to the area, he was accompanied by officials from the Agency of Environment Protection of Harghita, center of Romania, of the Environment Guard of Harghita County, and the Romanian Waters Corp.Korodi said that an extreme rainfall could ...
Conpet profit rises almost three times, in H1
Thursday, August 28, 2008
Conpet Co. in Ploiesti, southern Romania, operating for more than 100 years, posted in H1 a net profit worth 33.165 million lei, 2.7 percent more than in the same period last year, according to data sent to secondary market Rasdaq.The revenues of the company totaled 194.452 million lei, 51.877 million lei more than last year, and the expenses stood at 155.429 million lei, 27.592 million lei more than in the first six months in 2007.The revenues from exploitation rose by ...
Romgaz discovers gas reservoir in Moldova
Thursday, August 28, 2008
Romgaz, the biggest producer and supplier of natural gas in Romania, discovered, after drilling well 1, at Berbiceni, in Moldova, eastern Romania, a new gas reservoir, with a potential put at 200,000 cu m daily, the company said.The well lies some 40 km far from Bacau, and it was drilled March - May 2008, at 3,000 m deep. The well is being tested now, preliminary data put its potential at 200,000 cu m daily.Romgaz will soon take measures for connecting the well to the ...
Nuclearelectrica and MEF resumed negotiations for the construction of reactors 3 and 4 in Cernavoda
Thursday, August 28, 2008
Nuclearelectrica and MEF resumed negotiations on Wednesday with the six investors for the construction of reactors 3 and 4 in Cernavoda, stated for NewsIn the representatives of the ministry of economy and finances (MEF)” Present at these negotiations were both the minister of economy and finances Varujan Vosganian and the representatives of the six investors, general manager Nuclearelectrica Teodor Chirica as well as consultants Deloitte for the process. According to the government decision ...
MMDD: 86 million lei for setting up and upgrading of green areas
Thursday, August 28, 2008
Local authorities can benefit by an amount of 86 million lei, over August 25-September 5, for the setting up and upgrading of green areas, funds that can be obtained within a new session of projects, reads a release with the Ministry of Environment and Sustainable Development (MMDD).The Government approved the granting of 86 million lei for the continuation of the 'Program of improving the environment quality by creating green areas in localities.'The priority programs ...
Iron Gates I has produced its 205th billion KWh
Thursday, August 28, 2008
The Romanian plant of the Iron Gates I hydro-power plant has produced, on Monday, its 205th billion KWh since its commissioning up to the present.This electricity production has been obtained by the full capitalization on the Danube's water potential, even when the water flow was under the 8,700 mcsec.The Iron Gates I hydro-power plant is the largest dam on the Danube river and one of the largest hydro power plants in Europe. It is located on the Iron Gate gorge, between ...
First mobile filling stations on Sun Motorway to be ready by end September
Thursday, August 28, 2008
First mobile filling stations on the Sun Motorway, linking Bucharest to Constanta, south-eastern Romania, will be fixed no later than a month, spokesman for the National Motorways Company (CNASNR) Stefan Szobotka said on Tuesday.'Today, (Tuesday, e.n.) the building contracts for the fuel stations on the Sun Motorway have been given, and in about a month the first mobile filling stations will be ready, ' said Szobotka.For a start, only Rompetrol can fix the mobile stations ...
Tariceanu: Project of National Energy Company in advanced stage
Thursday, August 28, 2008
PM Calin Popescu Tariceanu announced on Wednesday that the project on the setting up of the National Energy Company is under advanced stage and is pending approval. ‘''We had another talk with the management of the State Assets Resolution Authority (AVAS) and of the Ministry of Economy. The project is in an advanced stage and pending approval,'' said the Romanian Prime Minister, after the government's meeting of Wednesday. According to a project initiated by AVAS, Electrica will take over ...
Czech Power Group CEZ To Develop 600MW Wind Power Project Estern Romania
Thursday, August 28, 2008
Czech power group CEZ bought from renewable power developer Continental Wind Partners, two wind farm projects in Constanta county, eastern Romania, with a total capacity of 600 megawatts, whose development costs will reach EUR1.1 billion, CEZ said in a press statement.According to CEZ, the two projects will together be the largest onshore wind farm in Europe, approximately double the size of the next largest fully permitted onshore wind farm in Europe, and triple the size of the largest ...
Nabucco: 'Pie in the sky' after Georgia crisis?
Thursday, August 28, 2008
The EU's flagship Nabucco pipeline project, which aims to bring gas to Europe from countries other than Russia, notably via Georgian territory, appears to be up in the air due to the crisis currently pitting Moscow against Tbilisi. The Georgia crisis prompted many analysts to look at the situation on the ground "with their energy spectacles on". While most commentators stop short of saying that the main thrust of the Russian advance in Georgia was pipeline politics, all seem to agree that ...
Petrom consolidated profit grew by 90% - over six months – 397 mil.euro
Thursday, August 28, 2008
The Petrom group recorded over Q1 a net consolidated profit according to international standards of 1.46 billion lei ( 397.8 mil.euro, calculated at the average exchange rate of the first six months) up by 89.6% against the result of the same period of last year, on the basis of the higher advance of revenues over expenditure. The result is 56 million euros under the non-consolidated one, annouced at the beginning of August. At nonconsolidated level, the biggest Romanian company, Petrom ...
Rompetrol Rafinare requires electricity supply license
Thursday, August 28, 2008
Rompetrol Rafinare, the most important company in the Rompetrol group required the National Authority of the Energy Regulator (ANRE) a supply license for electricity, the documents being analysed on Thursday by the representatives of the institution. The Rompetrol intention to become electricity supplier was announced two years ago by Dinu Patriciu, the former CEO of the group who sold its majority participation to the company KazMunaiGaz in Kazakhstan in August 2007. Patriciu ...
Minimum oil reserve to go up by 15 pc in 2008
Thursday, August 21, 2008
Minimum level of oil products stocks this year is set at 92,100 tonnes, accounting for a 15 percent rise compared to the 2007, according to a draft Decision on the minimum safety stocks of oil products, launched to be debated by the public by the Ministry of Economy and Finance (MEF).Minimum oil products reserve is formed of 30,000 tonnes of crude and 62,100 tonnes of Diesel.Financing of minimum reserve in 2008 is covered by the state budget for the stocks made by the ...
Romanian Power Grid Unable To Manage Future Wind Power Production
Thursday, August 21, 2008
The national power grid will not be able to manage the high volume of wind farms production for which Romania’s state-owned power grid operator Transelectrica got requests, the company’s representatives said.Transelectrica got requests for connecting wind turbines with a total installed capacity of over 12.000 megawatts to the country’s power grid.Transelectrica’s representatives said Wednesday that the company might be able to connect wind turbines with a capacity of up to 4,000 MW, adding ...
Client demands will exceed Nabucco capacity from start
Thursday, August 21, 2008
The capacity of Nabucco gas pipe, the European project which should transport gas from Asia to Europe as of 2013 will be exceeded since the first day, a study about potential buyers quoted by Reuters shows.The opinion poll ordered by Nabucco administration company requested companies to declare the interest degree they have in the Nabucco gas pipe.“Orders exceeding the delivery capacity of the gas pipe ever since the first functioning day in 2013, indicate a high demand for the gas ...
Rompetrol Group has 29 gas stations on Georgia's territory
Thursday, August 14, 2008
Rompetrol Group holds 29 gas stations on Georgia's territory and the conflict in the zone threatens its development plans, Ziarul financiar daily reports on Wednesday.According to the newspaper, Rompetrol Oil Group, with activities in 13 countries, decided to close down two gas stations of the 29 it holds on the Georgian market. The two stations are in the zones with maximum risk for the running of commercial operations, the company examining at present if it is the case to close ...
Petrolexportimport shareholders decided merger with Laird Resources Romania
Thursday, August 14, 2008
Petrolexportimport shareholders decided on 11 August the merger with Laird Resources Romania, the leadership of the company announced on Tuesday.«The fusion with SC Laird Resources Romania SA is approved by mandating the board to draw up the fusion project, to present it to the National Trade Register and to publish it in the Official Gazette” the communiqué sent on Tuesday to BVB mentions. In cadrul Adunarii Generala a Actionarilor (AGA) nu s-a dezbatut calitatea pe care o va avea ...
Termoelectrica reports losses of 30 million euro for Q1
Thursday, August 14, 2008
Termoelectrica registered over the first six months of the year losses of over 106.3 million lei (30 million euro) stated the general manager of Termoelectrica Ioan Ungureanu. The losses add to the ones already made of over 400 million euros. “ For Q1 2008, Termoelectrica registered a loss of 106.3 million lei due to penalties for debts. They are,besides the historical debts of almost 400 million euros, debts which generate penalties and gets any profit. I think these penalties can be even ...
Romania will pay to Russia 3,5 million dollars for waste storage from the research reactor
Thursday, August 14, 2008
The National Authority for Scientific Research (ANCS) will pay the Russian Federation, next year, 3.5 million dollars for the final storage of radioactive waste resulting from the reprocessing of used nuclear fuel coming from the research reactor in Magurele. The nuclear reactor in Magurele, from the National Institute for Research and Development for Nuclear Physics and Engineering was stopped through a government decision of 2002, after functioning for a period of 40 years. In 2003, the ...