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Energy & Environment
Romania's Government liberalizes electric power and natural gas market
Thursday, June 21, 2007
Starting on July 1, 2007, every citizen in Romania will be able to choose the supplier of electric power or natural gas he or she wants. Yesterday, During Wednesday's meeting the Government approved a resolution on the liberalization of the entire market of electric power and natural gas, said spokesperson for the Government Camelia Spataru.Thus, the step of liberalizing the energy market will contribute to the appearance of competitive prices for supplying electric power and natural as as ...
Romania's No.1oil company Petrom forks out EUR 500m to enter local electricity market
Thursday, June 21, 2007
Romania's top oil company Petrom will construct an electrical power plant which is estimated to start supplying electricity in three years, following an investment of 500 million euros, the company said in a release.The new power plant will have a capacity of 860 MW. It will be fueled with natural gas through a pipe belonging to Romania's gas transporter Transgaz. The construction works will start next year and an estimated deadline is the end of 2010, the release said.About 20 percent of ...
Romania moves forward towards the construction of nuclear reactors 3 and 4
Thursday, June 21, 2007
A shortlist of investors for the construction of units 3 and 4 at Romania’s nuclear reactor in Cernavoda, near the Black Sea, is expected to be ready by the end of October, the government has announced. Under the Ministry of Finance’s schedule, the company picked to carry out the works will have to be registered in Romania by March 31, 2008.The schedule for attracting investors for the construction of the two units consists of several stages.The strategy must be approved by July 2, 2007 ...
The Brenntag oil and gas division aims at 700,000 euro business for 2007
Thursday, June 21, 2007
The oil and gas division of Brenntag Romania aims at a turnover of 700,000 euros and profit of 168,000 euro for 2007, more than the double of the one registered in 2006 which was of 73,815 euros, the director of the division Laurentiu Ghita stated, quoted by NewsIn. The oil and gas division of Brenntag Romania had, last year, a turnover of 315,000 euro. The Brenntag official said that, for the period of 2007- 2008, the oil and gas division wants to emphasise services delivery as compared to ...
Drought and high temperatures hit the energy system
Thursday, June 21, 2007
The drought hit Romania these last months and reduced the electrical energy production of Portile de Fier by 40%. In the case the situation is prolonged and the temperatures will continue to rise, the nuclear reactor in Cernavoda might be closed down, officials of the Hidroelectrica and Nuclearelectrica officials stated for NewsIn. The flow of the Danube is of 4,000 cubic metressecond, which is 60% of the average for this period. The reduction of the flow and the reduction of the energy ...
Varujan Vosganian reconfirms the intention of Romgaz to build a natural gas storehouse in Margineni together with Gazprom
Thursday, June 14, 2007
The minister of economy and finances, Varujan Vosganian participated between 8 and 10 June at the works of The International Economic forum in Sankt Petersburg where he emphasised on Romgaz intention to establish partnership with Gazprm for the realisation of the natural gas storehouse in Margineni (Neamt), the minister of economy and finances informs (MEF). He mentioned Romgaz intention to make the feasibility study, on the basis of which a partnership could be established for a business ...
ACTMedia analysis: Romania – main role on the European market of natural gas
Thursday, June 14, 2007
In the European Union, the Romanian gas market plays a central role in the relation with the other regional components, especially through its geo-strategic position in the south-eastern part of Europe, Jacques J.de Jong, senior fellow at Clingendael International Energy Programme stated for EuroActiv.ro. Moreover, as they got a new quality of member state of the EU, Romania has to keep in mind two priorities: reforms on the domestic market and a strong policy in the direction of energy ...
Some 200,000 tonnes of biodiesel to be produced in Romania annually
Thursday, June 14, 2007
Romania will produce some 200,000 tonnes of biodiesel annually starting this year, the biodiesel being a non-polluting fuel that is going to be introduced into diesel oil from July, by law.The law transposes the calendar proposed by the European Commission on the compulsory production of biodiesel. Thus, the diesel oil to be distributed in the local market will have to contain 2 percent biodiesel by volume. The compulsory content from Jan. 1, 2008 will be 3 percent, to go up to 4 percent ...
Enel to stop making new acquisitions on Romanian energy market
Thursday, June 14, 2007
Italian Enel Co. does not plan to make new acquisitions, going to focus on rendering the existing patrimony more efficient, stated on Monday, on the occasion of the signing the privatization contract of Electrica Muntenia Sud, Enel Romania President Matteo Codazzi.'With this acquisition we reached the optimum dimension for us on the Romanian market and we do not plan further ones at the moment', said Codazzi.Minister of Economy and Finance Varujan Vosganian said that the authorities are to ...
Companies to invest between 2-3 billion euros over 2008-2012 in energy distribution system
Thursday, June 14, 2007
In 2007 distribution companies of the electricity system will invest some 600 million euros in the modernization of the system and over 2008-2012, the companies in the system, Enel included, will contribute with sums ranged between two and three billion euros for the upgrade of electricity grids, said on Monday Economy and Finance Minister Varujan Vosganian at the signing of the privatisation contract of Electrica Muntenia Sud.‘‘Over 2008-2012, companies of the power grid, including Enel ...
Cernavoda nuclear power plant supplies 1.8 million MWh of electricity January through April
Thursday, June 14, 2007
Unit 1 of the Cernavoda Nuclear Power Plant supplied Jan. through April this year 1.886 million MWh of electricity, Nuclearelectrica said.The Cernavoda plant supplied 487,073 MWh of electricity in Jan, 439,889 in Feb., 486,995 in March and 472,636 in April.In 2006, Unit 1 of the station had supplied 5.631 million MWh of electricity, a record in ten years of commercial exploitation, of which 5.177 million MWh for Romania's grid. Part of the electricity produced last year by Unit 1 was used ...
New Energy Group to have wind park built in Dobrogea
Thursday, June 14, 2007
German New Energy Group specialized in renewable energy will build a wind park whose electricity production is expected to attain over 60,000 MWh a year, in Dobrogea (the Romanian Black Sea shore).The works will end in 2009 and the investment amounts to 40 million euros. The Company plans to invest 70 million euros in two wind parks in Dobrogea.The wind power stations' capacity will amount to between 20 and 50 MW. The electricity put out here is to cover the demand of a town counting over ...
Minister Korodi presents Romania's priorities in environment protection field, in Brussels
Thursday, June 14, 2007
Minister of the Environment and Sustainable Development Attila Korodi took part on Monday, in Brussels, in the meeting of environment ministers from the European Union candidate and potential candidate countries, where presented Romania's priorities as regards the environment protection, informs the Ministry of Environment and Sustainable Development (MMDD).'Romania has knowledge about this region specificity and wishes to actively contribute to the efforts made by the Balkan countries and ...
Energy excise calculated based on European directive for predictability
Thursday, June 14, 2007
The Minister of Economy and Finance Varujan Vosganian said on Monday during a conference on the privatization of Electrica Muntenia Sud that the excise on energy is calculated based on an European directive imposing a certain predictability on the budgetary execution.'I find inadequate to pay an excise based on an exchange rate of last year. Unfortunately, European regulations say that budget and prices for the non-euro countries are set according to the exchange rate of the last quarter ...
Price of natural gas not to go up on July 1
Thursday, June 14, 2007
The price of natural gas for population will be kept 'for a certain period' at the present level, according to the evaluations of the Ministry of Economy and Finance (MEF), and will not be increased on July 1, as initially planned, said on Monday relevant minister, Varujan Vosganian. Early last week, the president of National Energy Regulatory Authority (ANRE), Gergely Olosz, said the institution would decide by June the modification to the gas price, but offered no details. ANRE sources had ...
Major polluters remain under EU's close monitoring
Thursday, June 14, 2007
An analysis shows that the polluters black list is not getting shorter because the major companies hesitate to take the necessary measures to meet the European Union standards. Before its EU accession, Romania pledged to solve the problem of the old installations, which fail observing the European environmental laws, till Jan 1, 2007, receiving a postponement for the existing installations until Oct 31, 2007. But, several companies do not take into account the recommendations of the ...
Court suspends decision to halt Arpechim activity
Thursday, June 14, 2007
A court in Pitesti, south Romania has accepted a request by Romanian oil company Petrom to suspend a decision that had the local Environment Protection Agency halt activities at Petrom’s Arpechim refinery for a period of up to six months, the NewsIn news agency reports. The refinery will continue its activities until a judicial decision is made on the essence of the company’s problems.The Pitesti court decision can be challenged within five days. The head of the Pitesti-based environmental ...
Petromservice may become PSV Company
Thursday, June 14, 2007
The Petromservice company may change its name to PSV Company, Romanian NewsIn news agency informs. The decision was based on a deal signed with Romanian oil group Petrom in 2005 trying to prevent any affiliation between the two companies.A final decision in this regard should be taken before the end of the year as a preliminary deal between the main associates in the company was already signed in this regard in February 2007.Petromservice is a company established in 2002 as a result of the ...
Over 26 mln Euros for Romania environment projects
Thursday, June 14, 2007
The Regional Development Agency - West just launched the auction for the environment projects, part of the Phare 2005 programme Economic and Social Cohesion. The financing applications must be submitted until August 15.The main objective of the programme is to offer assistance to public authorities with responsibilities in environment protection in all of the eight Romanian development regions. The financing is aimed at encouraging the wastage volume reduction, the wastage selection and the ...
LukOil attacks the local energy market
Thursday, June 14, 2007
LuKoil will enter the electricity market in the last quarter of the year, after starting a turbine of 35 MW at the Refinary Petrotel – Lukoil, following investment of 100 million dollars, the general manager of Petrotel Igor Fedorinov stated for NewsIn. “ In the forthcoming period the turbine will be installed. Everything is prepared for this. Its capacity is of 35 MW and in the fourth quarter it will start to produce electricity” Fedorinov said. According to the general manager of ...