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Energy & Environment
Companies that do not meet environment friendly criteria will be closed down, says Minister Korodi
Thursday, June 7, 2007
The state authorities will not hesitate to close down the companies in the industrial field if they do not observe the conditions imposed by the Ministry of Environment and Sustainable Development (MMDD) or by the EU as regards the criteria related to environment, says MMDD Minister Attila Korodi on Tuesday.''It is not our intention to close these units down but we will do it if they do not observe the conditions imposed by authorities,'' he said.Korodi told Rompres that there was no ...
Arcelor Mittal invests in environment friendly equipment
Thursday, June 7, 2007
Arcelor Mittal Galati (northeast of Bucharest) invested some 400,000 U.S. dollars in the upgrading of the homogenization and aeration basins of the Bio-Chemical Cleansing Station with the Coke-Chemical Plant No. 1.''This project comes after another investment in environment-friendly equipment worth 1.2 million dollars made in Steel Plant 3. Both investments are part of the 13 environmental projects the company committed itself to complete by 2008 and which are included in a Compliance ...
ALRO Slatina does not rule out participation in privatisation of energy complexes
Thursday, June 7, 2007
Aluminium maker Alro Slatina (southern Romania) does not rule out the participation in the privatistaion of energy complexes of southern country from Craiova, Turceni or Rovinari as a way to ensure sources of energy supply, said Marian Nastase, vice-president of the Alro's managing board. Another variant for making the supply with electricity more safe could be the participation in the realization of reactors 3 and 4 of the Cernavoda nuclear power plant (south-eastern Romania). The ...
In Istanbul EU resumes discussion about Nabucco
Thursday, June 7, 2007
The Turkish government and the European Commission organised in Istanbul a conference at high level « Turkey and EU : together for a common energy policy. Both the commissioner for enlargement Olli Rehn and the commissioner for energy Andris Piebalgs underlined in Istambul that “ Turkey’s integration is a strategic matter for the EU, especially in the energy domain”. As regards the Nabucco project, which would cross Turkey, Bulgaria, Romania, Hungary and Austria but whose suppliers – ...
Electrica Muntenia Sud belongs to Enel
Thursday, June 7, 2007
The privatisation contract of Electrica Muntenia Sud will be signed on Thursday with the representatives of the Italian company Enel, at the government headquarters, a press release of AVAS informs. Last summer, the Italian group was named as winner in the privatisation process of the largest branch of Electrica. Enel offered 820 million euros to take over a package of 67.5% of the shares. Enel will buy directly from Electrica 50%of the shares, to get the rest up to 67.5% of the company ...
The minister of environment supports the proposal for the banning of cyanide in mining exploitations
Thursday, June 7, 2007
At the initiative of the minister of environment Attila Korodi, yesterday there was adopted in a government meeting a positive position regarding the draft law initiated by senators Eckstein-Kovacs Peter and Gheorghe Funar regarding the amendment of art.4 in the Law 852003. The draft law includes the banning of cianide use in mining exploitations in Romania. The form proposed for the article includes: “ mining activity relying on the use of cyanide technology, in any stage of gold and silver ...
Gedeon Richter shareholders - contribution of 40 million euros to share capital
Wednesday, June 6, 2007
Gedeon Richter Co., part of Hungarian Richter group, the only player with integrated activity on the Romanian pharmaceutical market, is to increase its share capital by 65 million lei (19 million euros), up to 160 million lei (47 million euros), after last year the Hungarian shareholders have brought another six million euros to the local branches' capital.According to existing data in the Trade Register, Gedeon Richter Romania SA share capital is of 95.14 million lei (28 million euros).The ...
Government to finance 25 projects on environment
Thursday, May 31, 2007
Romania will provide 85 percent of funds for 25 projects on environment and water management, allocated through the Ministry of Environment and Sustainable Development, the Government announced in a release.The Government adopted a decision on May 23 on the measures to be taken in main projects on environment and water management, with investment in infrastructure over 2007-2009.'The decision is important as Romania provides 87.6 percent water supply in urban areas and 15.1 percent in rural ...
Tens of millions of euros invested in biofuel production facilities
Thursday, May 31, 2007
The Romanian biofuel market, put at 100,000 tonnes in 2007 alone, is attracting tens of millions of euros worth of investments aimed at the opening of biofuel production facilities.Such an example is the business conducted in Lehliu (southeast of Bucharest) by Portuguese group Martifer. The plant's production capacity is about 100,000 tonnes of biodiesel a year. The group plans to open next year another factory to produce rapeseed oil from the processing of 100,000 tonnes of rape a year. The ...
Romanian Iron Gates I harbour lock to be no longer operational
Thursday, May 31, 2007
The Romanian harbour lock of the Portile de Fier (Iron Gates) I hydropower plant located at km 942-950 of the Danube River (south-west of Bucharest) will be withdrawn from exploitation on June 1, 2007.This, because of the start of the rehabilitation works of the plant's equipment and installations that are physically worn out after unceasing work and they must be replaced by last generation equipment, technical manager of Portile de Fier ‘s branch of Hidroelectrica SA Dragos Novac told ...
Romania set to be competitive market in energy field, say Andris Piebalgs
Thursday, May 31, 2007
Romania has a healthy development and is set to be a competitive market in energy field, stated on Friday, in Sofia, European Energy Commissioner Andris Piebalgs, on the occasion of an international conference on energy community development in South Eastern Europe.Piebalgs said that the market's liberalization process is in an advanced stage, and Romania has good opportunities to compete on other markets as well, but investments are crucial. At this moment, the energy market is liberalized ...
Ingenious and very cheap system of solar energy collection, discovered by Romanian researcher
Thursday, May 31, 2007
A Romanian researcher settled in Australia, Dorin Preda, has created an ingenious and very cheap system of solar energy caption, with direct application in heating the housing units.The Commonwealth Science for Industry Research Organisation from Australia confirmed that the system designed by the Romanian researcher can replace some 10 percent of fossil fuels with solar energy, pointed out Dorin Preda.Q-Solar firm, managed by Dorin Preda, cooperates to the biggest solar energy project in ...
Volume of primary energy resources down 1.6 pc in H1
Thursday, May 31, 2007
The volume of primary energy resources is estimated in the first half year of the year at 20.856 million tonnes oil equivalent (TOE), down by 1.6 percent as against H1, 2006, according to the results of the survey conducted by the National Commission for Economic Projection (CNP). The volume of primary energy resources in the first three months of this year stood at 10.506 TOE, accounting for a 3.8-percent drop as against the same period of the previous year. The most significant drop was ...
GSP contemplating drilling for oil in the North Sea
Thursday, May 31, 2007
Grupul de Servicii Petrolier (GSP) group of oil services companies operating in the Romanian market for oil services and equipment, is contemplating opening oil drilling platforms in the North Sea.GSP has recently sold out its Fortuna oil platform to Iranian Oreintal Oil company and unveiled similar plans for its other platforms in the Persian Gulf. With the funds raised from the two transactions, GSP wants to acquire three sea platforms for operating in the North Sea.The GSP management will ...
LukOil aims to open in Bucharest regional operations center for Balkan area
Thursday, May 31, 2007
Russian oil company LukOil plans to open in Bucharest a regional operations center for the Balkan area. The Bucharest-based center will coordinate the activities of the company from Bulgaria, Serbia, Macedonia and in the future Greece and Turkey. Decisions of investments, acquisitions, as well as decisions on the development of LukOil's subsidiaries in the Balkans will be transferred to the regional center. Constantin Tampiza, president of LukOil Romania says that a similar system is ...
Romania seeks energy independence
Thursday, May 31, 2007
Romania is determined to gain its energy independence and the only way to attain this goal is the completion of units 3 and 4 of the Cernavoda Nuclear Power Plant (south-eastern Romania)At a time when Europeans are still having reserves in switching to nuclear sources for energy generation, whilst Americans and Asians build tens of nuclear power plants, Romania will have to make serious efforts to ensure energy security. Therefore, the Nuclear Agency is working out strategies and plans that ...
RWE and Gaz de France plan integrated energy business in Romania
Thursday, May 31, 2007
The German concern RWE is interested in acquiring the power generation plants in Oltenia (Turceni, Rovinari, Craiova) and the still State-owned power distribution companies. Gaz de France announced it intends to become a joint gas and power supplier for Rumanian consumers. On the occasion of a seminar on energy issues held in Sofia, RWE announced that it intends to acquire stakes in electricity suppliers Electrica Muntenia, Electrica Transylvania North and Electrica Transylvania South; ...
Large wind farms to be set up in Romania in upcoming years
Thursday, May 31, 2007
Large wind farms are to be set up in Romania in the upcoming years, with several local and foreign investors having shown interest in this kind of projects.The Prefect's Office in the Constanta County (southeastern Romania, on the Black Sea shore) is currently making a complex study on the wind potential, to be put at the disposal of the interested foreign investors. Nevertheless, the specialists of the Danube Delta Biosphere Reserve hesitate to approve the placement of such wind plants in ...
Vosganian: The private sector will contribute investments in renewable energies
Thursday, May 31, 2007
All the strategies worked out by the Ministry of Economy and Finance (MEF) for the future development of the energy sector envisage the private sector's involvement, incumbent minister Varujan Vosganian on Wednesday told a forum on energy issues.'The energy sector cannot be developed and adjusted to European requirements without private participation,' underscored the minister. He announced that the Ministry is planning investments that cannot be accomplished without the involvement of ...
Bloomberg: Petrom to Appeal Against Romanian Refinery Shutdown
Thursday, May 31, 2007
SNP Petrom SA, Romania's biggest oil company, said it will challenge a decision by the National Environmental Agency to close down its Arpechim refinery. Petrom's shares fell to an 11-month low. The temporary shutdown of Arpechim, which has a daily capacity of 70,000 barrels of crude oil, came after its operating license was withdrawn, Petrom said today in a statement on its Web site. The plant is situated in Pitesti, a town about 100 kilometers (62 miles) north-east of the capital ...