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Energy & Environment
Romania's natural treasure is endangered, WWF says
Thursday, February 8, 2007
WWF Danube-Carpathians Programme voiced its concern for the illegalities afflicting Romania's most precious treasure, the natural one, reads a press release made public on Monday and sent to Rompres. In the name of over 11,000 people, the representatives of the WWF Danube-Carpathians Romania Programme on Tuesday will send an open letter to the President and the Prime Minister voicing their worries about the illegalities affecting the environment.According to the above-mentioned source, over ...
Gheorghe Flutur will promote a bill about curbing excises for diesel oil used in agriculture
Thursday, February 8, 2007
Senator Gheorghe Flutur, the vice-chairman of the Liberal Democratic Party , former minister of agriculture, will present a legislative initiative which has in view curbing excises for diesel oil used in agriculture.Flutur pointed out on Sunday, at a press conference, that European law allowed Romania to have a low excise share for diesel oil used in agriculture – 21 euros1,000 l.The Fiscal Code provides a fixed excise of 259.9 euros1000 l. Flutur said Romania should take advantage of the ...
Electric energy transactions at BRM begin on 22 February
Thursday, February 8, 2007
Transactions with electric energy will begin on 22 February at the Romanian Commodity Exchange, the president of BRM, Mircea FIlipoiu said on Tuesday. The first purchase order belongs to Ennet company for 10 MW – 87,840 MWh, over 1 March 2007 – 29 February 2008, FIlipoiu said. He considers this is not a big quantity, but an important one and counter offers are expected. By launching electric energy transactions, BRM intends to ensure a more efficient and more transparent liberalization ...
Commissioner Kuneva raises suspicions of double speech on nuclear plant
Thursday, February 8, 2007
During her visit to Bucharest on Monday Meglena Kuneva, Bulgaria’s EU Commissioner for consumer protection, dodged a discussion on the re-opening of two reactors at the Bulgarian nuclear plant Kozloduy despite she has had several interventions on the issue both in Brussels and Sofia.While in Bucharest, she only tackled the EU energy policy issue. In Bulgaria however, she is actively involved in the country’s efforts to restart the two nuclear reactors, which were closed before the country ...
Romania not involved in Burgas-Alexandroupolis oil pipeline project for political reasons, says CCIR chairman
Thursday, February 8, 2007
Chairman of the Romanian Chamber of Industry and Commerce (CCIR) Victor Babiuc told Rompres that Romania does not participate in the Burgas-Alexandroupolis oil pipeline project for strictly political reasons and because of the uneasy relations with Russia.'The political component is extraordinary strong. As long as those who can decisively influence political and economic activity in the area do not come to terms at political level, the results will not be satisfactory either,' said Babiuc. ...
Former Economy minister in hearings over sale of 8% stake in Petrom
Thursday, February 8, 2007
Romanian former Economy minister Codrut Seres faced renewed hearings on Wednesday in a case where he is accused of treason and transfer of secret information regarding the fate of an 8% stake in oil company Petrom. He is investigated by the the Department for Investigation on Organized Crime and Terrorism DIICOT, the main anti-graft, anti-organized crime body in Romania. Prior to the hearings Seres told the media that he would talk about the promotion of a law regarding the sale of an 8% ...
The French premier : Gaz de France is interested in the Nabucoo project
Thursday, February 8, 2007
While in Bucharest last week, the French premier Dominique de Villepin showed his interest in a possible investment in the Nabucco gas pipeline project. The French premier supported, according to a statement of his Romanian counterpart, the important Gaz de France could become a partner in this project. At present, there are five companies involved in the project, with the possibility of several companies to be drawn as strategic partners. The French premier Dominique de Villepin, visited ...
Romania, last in installing wind turbines
Thursday, February 8, 2007
The power of wind turbines installed in 2006 in Romania is 1.3 MW, while at EU level, the installed power of wind power capacities increased by 7,500 MW, a study of the European Wind Energy Association shows. According to the experts of the EWEA, at the level of 2006, the European Union countries installed wind –power energy-production capacities totalising 7,500 MW, 23% higher than 2005. Energy produced out of wind sources brings benefits of 9 billion euros, EWEA estimates.The production ...
Vosganian : Likely 7% increase to electricity price in 2007
Thursday, February 8, 2007
The minister of economy, Varujan Vosganian considers that the estimated percentage by ANRE, 7% respectively regarding the increase of the electricity price for 2007 is possible, under the conditions where analysts estimate an inflation rate of 5% in 2007. “I think the situation is good enough if we manage an increase of the price of only 7% over 2007, if we consider the inflation rate and the electricity supply created in January will help us a lot » Varujan Vosganian stated. The minister of ...
Gheorghe Buliga is appointed vice-president of National Natural Gas Regulatory Authority
Thursday, February 1, 2007
Gheorghe Buliga was appointed vice-president of the National Natural Gas Regulatory Authority.Prime minister Calin Popescu Tariceanu signed on Tuesday the decision appointing Gheorghe Buliga in the position, a governmental press release reads.The decision will come into force on the date it is published in the Official Gazette. ...
Holcim Romania invests 3m euros in waste co-processing technology of cement industry
Thursday, February 1, 2007
Holcim Romania invested some 3 million euros in the new waste co-processing technology from the cement industry. The next stage entails campaigns designed to make the business operators aware of the collection and distribution of waste, general manager of Holcim Romania Markus Wirth told Rompres. Investments in the waste co-processing technology are high, however, the company's management does not focus on their paying-off as the consequences are major, allowing for the fact that the waste ...
Romgaz moves closer to euro-based billinaire companies club
Thursday, February 1, 2007
Natural gas producer Romgaz Medias (center) posted last year a turnover in the amount of 866 million euros, up 41 percent compared to the same period of 2005, according to preliminary data released by the company. Net profit estimated for last year is of some 100 million euros, up 30 percent from the previous year-end.Among the most significant factors that sustain Romgaz results there are the jump in natural gas tariffs, as well as the boosting of storage capacities.At last year-end, the ...
Romania to connect to Ukrainian natural gas mainline
Thursday, February 1, 2007
Romania's national natural gas network will connect to Ukraine's national network, most probably before the end of the year. The Herta - Tibolca natural gas mainline is currently in work, the Foreign Programs manager for the Suceava county, Catalin Nechifor, declared after meeting Ukraine's embassy economy ...
56m-euro turnover for Butan Gas
Thursday, February 1, 2007
Butan Gas Romania, one of the leading players on the local market of liquefied petroleum gas (LPG), posted a 55.6 million-euro turnover at the end of 2006, up 28 percent from 2005, Ziarul Financiar daily reports .The company's profit reached 1.5 million euros, 36 percent more than in 2005. 'Increases in profit have been generated by market growth on certain segments, as well as by a more aggressive marketing policy and the expansion of the distribution network,' company's general manager ...
President Basescu invites German businessmen to invest in energy production
Thursday, February 1, 2007
President Traian Basescu invited the German businessmen to take part in the privatisation process of the Romanian energy production sector.'I invite you to any privatisation process in the energy production sector. We still do not have a single big thermal power plant privatised. I’d like to call for the privatisation of the energy production, not only of the distribution', Basescu told the annual reception of the Romanian-German Chamber of Commerce and Industry held at the Parliament ...
Negotiation commission with energy operators to include Finance, Labour and Economy Ministers and AVAS chairman
Thursday, February 1, 2007
The commission to negotiate with the energy operators is composed by Economy and Commerce Minister Varujan Vosganian, Public Finance Minister Sebastian Vladescu, Labor, Social Solidarity and Family Minister Gheorghe Barbu and chairman of the State Assets Realization Authority (AVAS) Teodor Atanasiu, reads a Government release.Prime Minister Calin Popescu - Tariceanu on Thursday, January 25, signed the decision of setting up the commission, mandated to hold negotiations with the power ...
Electricity production to grow by 25 percent by 2014, MEC sources say
Thursday, February 1, 2007
The increase in the electricity production is the main target of Romania's energy strategy, Economy and Trade Minister Varujan Vosganian told a news conference, on Sunday,'We need a 25 percent rise, by 2014, when we aim to an electricity production of 75-80 TWh and the growth will be achieved by accelerating the investments and through the activity in the capital market,' Minister Vosganian said.We want Romania to become a key player in the energy market in the area, and home consumption to ...
Petrom to increase OMV's production of hydrocarbons
Thursday, February 1, 2007
OMV's total output of hydrocarbons reached 329,000 barrels of oil equivalent per day October through December last year, of which 205,000 barrels came from the exploration and production activities of Petrom, that is the largest Romanian company that entered in the Austrian group's portfolio, with the remainder coming from New Zealand and Libya, Ziarul financiar daily reports .The growth rate, as compared with the third quarter last year, stood at 6 percent at the group level and at 4 ...
Romanian companies to produce alternative energy for non-repayable money
Thursday, February 1, 2007
Romanian companies may access EU structural funds, for energy projects totaling 210 million euros, starting this year, say officials of the Intermediary Body for Energy (OIE) with the Ministry of Economy and Trade.There was also established the largest value of the EU grants a company can get. Thus, the utmost grant for energy efficiency projects amounts to 50 million euros, to 10 million euros for the capitalization of renewable resources, while the non-repayable EU loan for curbing the ...
Alro aluminium producer disagrees with opening of energy-supply contracts
Thursday, February 1, 2007
Alro Slatina CEO Gheorghe Dobra told an energy forum on Monday that the company he heads - an aluminium producer - disagrees with the opening of the energy-supply contracts.'It seems to me unnatural that European competing companies learn the prices we use', said Dobra, adding that the price for which the Slatina-based company purchases energy is higher than the one used in the European Union.Economy and Trade Minister Varujan Vosganian had told a news conference on Sunday that the ...