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Energy & Environment
Energy Holding reports $370m in turnover
Thursday, February 1, 2007
Energy Holding company one of Romania's biggest traders in the private energy sector concluded 2006 in a turnover worth $370, up 25 percent compared to 2005, deputy general manager of the company Corina Drumeanu said at an energy-related forum. Drumeanu added that the 2006 profit was of $15 m, up 19 percent compared to 2005. Energy Holding plans to build a coal thermal power plant and to invest in energy renewable sources. ...
Romanian electricity producers report 2006 deliveries in excess of 56,000 GWh
Thursday, February 1, 2007
Romanian electricity producers delivered in 2006 56,373 GWh, almost 5 percent more than in 2005, when 53,784 GWh were supplied, the Ministry of Economy and Trade reports.The largest market share was held by Hidroelectrica (31.7 percent), which delivered 17,871 GWh, down 1,867 GWh from 2005.The Rovinari and Turceni energy complexes came in next, with 6,412 GWh and 6,406 GWh, with a market share of 11.4 percent each. Electrocentrale Bucharest delivered 6,181 GWh and had an 11-percent market ...
Trading activities bring $3.7bn to Rompetrol
Thursday, February 1, 2007
Rompetrol Group, owned by businessman Dinu Patriciu, expects trading activities to account for some $3.7 billion (3 billion euros) of the $7.5 billion (6 billion euros) planned for this year, daily Ziarul financiar reports . 'This business unit amounted to some $1 billion (0.8 billion euros) in 2006. The main growth catalyst of this business is given by the number of sales recorded. For instance, we will sell 5 million tonnes in 2007, 3.7 million of which will go to Petromidia refinery. ...
As many as 102 micro-hydro power stations to be put on sale by the state
Thursday, February 1, 2007
The Romanian state is to put on sale this year 102 micro-hydro power stations .A first package is to comprise 36 units and their bidding proceedings are set to be launched in February, according to Director of Hidroelectrica Co. Nicolae Oprea. Until now, 48 micro-hydro power stations were sold, of which 28 in 2006.As well, Hidroelectrica is to invest. up to 2011. not less than 957 million euros in order to start production in the case of 26 hydro power stations. Their construction was ...
The energy map of Romania in 2015
Thursday, February 1, 2007
The energy map of Romania will be totally different in 2015, if the authorities apply the energy strategy, under development, as there is some worry concerning fossil energy resources. “ If everything goes well, in 2015 we could produce almost 85 TWh of electricity as compared to 55-60 TWh that we produce now. The only sector to increase production by 50% is the hydro-energy one as long as we finalise micro-power plants, modernise the existing ones and build new ones” Varujan Vosganian, ...
Diesel sold after July 1st will contain 2% biodiesel
Thursday, February 1, 2007
The ministry of economy and trade (MEC) prepares a draft law to include, starting with July 1st biodiesel as 2% in all the diesel on the market, stated on Wednesday Cristiana Ion, manager in the MEC. “ Through this draft law, we put into practice the calendar proposed by the European Commission regarding the production of biodiesel. Thus the diesel on the market will contain 2% biodiesel, so that starting with January 1 2008, the amount to be increased to 3% and at half-year, next year the ...
It's time to invest in Romania, says DaimlerChrysler head
Wednesday, January 31, 2007
Joachim Schmidt, Daimler Chrysler president and CEO for Africa, Asia, Middle East&Central and Eastern Europe, says this is the time to invest in Romania. In an interview to the Capital weekly, the Daimler Chrysler official says: 'When a market grows beyond a certain amount of sales and also becomes part of the EU, where legislative harmonization is strong, we think we should get in with our own investment commitment and a direct sales representative office.' DaimlerChrysler already runs an ...
Record production for Nuclearelectrica
Thursday, January 25, 2007
Year 2006 meant an increase of 11.5 per cent in the turnover of Nuclearelectrica. The company reported last year a turnover worth RON 676.9 M (EUR 192.05 M), up 11.6 per cent compared to 2005, according to a s release. The results were determined by the increase in electricity production. Thus, Nuclearelectrica production reached last year a record level of 5.6 TWh. Also, the exploitation rate of the power installed in the nuclear plant from Cernavoda exceeded last year, for the second year ...
Romania wants to cooperate with the Russian Federation in energy field, says Mihai-Razvan Ungureanu
Thursday, January 25, 2007
Foreign Minister Mihai-Razvan Ungureanu says Romania is, undoubtedly, in favor of a dynamic cooperation with the Russian Federation, a cooperation based on pragmatism and transparency.'Energy is obviously a component of the bilateral dialogue. It is an acute matter in which Russia plays a key-role for Europe. Unlike other countries, Romania has resources that allow it to approach the matter in a more nuanced manner. We have the natural advantage of a smaller degree of energy dependence, ...
Black Sea region has to be stability, security, prosperity zone, says Romanian Environment Minister
Thursday, January 25, 2007
One of Romania's priorities, included on its foreign policy agenda, is represented by the Black Sea region that has to be a zone of stability, security, prosperity and democracy, stressed Romanian Minister of Environment and Water Management Sulfina Barbu, present at the third Romania - Turkey - Bulgaria trilateral meeting, held in Istanbul, the Ministry of Environment and Water Management (MMGA) informs in a press release.In her speech, pronounced in the presence of her Bulgarian and ...
Project of management plan in environmental field 900,000 euros worth
Thursday, January 25, 2007
The Ministry of Environment and Water Management (MMGA) has launched the project 'Elaboration of Management Plan for Ialomita-Buzau (south) Basin', in value of 899,046 euros, with an implementation period of ten months and a half, MMGA announces in a press release.PHARE 2004016-772.03.0305.01 project is aimed at the strengthening of local authorities' institutional capacity in view of implementing requirements contained in Water Framework Directive, through the implementation of a management ...
Oil and natural gas drilling - main destination of UZTEL products
Thursday, January 25, 2007
The production of UZTEL SA Ploiesti (south) targets mainly the oil and natural gas drilling industry, Bursa daily informs .Thus, in 2005, out of the total production sold (in the amount of 87.2 million RON), a production of 71.5 million RON (82%) went to the said industry.UZTEL SA Ploiesti has been producing in this sector for over 100 years. A significant part of UZTEL revenues comes from export. In 2005, exports represented 45.29% in total sales. The company's revenues from export rose ...
Natural gas price could go up 5-8 percent this year
Thursday, January 25, 2007
The Minister of Economy and Trade Varujan Vosganian said on last Friday that the natural gas price could go up 5-8 percent in 2007 if the ministry fulfills all its goals.'Our goal is to eliminate the cause of price increase and avoid this year an increase that could affect the living standard,' said Vosganian.The minister said that Romania needs an increased storage capacity to avoid a raise in imported gas.'Some 2-3 billion euros are needed for investment in natural gas transport, and 1 ...
Portile- de-Fier hydro-power station putting out less electricity day by day
Thursday, January 25, 2007
The electricity produced by the Portile-de-Fier (the Iron Gates) hydro-power station (located on the River Danube, southwestern Romania) is diminishing day by day, directly proportionate to the Danube’s flow, SN Hidroelectrica general manager Traian Oprea told Rompres.Dry weather made daily water flows less and less and may lead to a fall in the river basins’ snow reserve, which is the reservoirs’ main water source. Hydro-power stations will be affected, namely the energy production will be ...
Big energy players' listing on Stock Exchange to generate one billion euros
Thursday, January 25, 2007
Listing on Bucharest Stock Exchange (BVB) of the main players in the energy field could generate one billion euros in funds, amounts that might be used to finalize investments programs whose value reaches 2-3 billion euros.Minister of Economy and Trade Varujan Vosganian says that, until March 2, this year, the consultant to deal with Transgaz Co. listing on BVB is to be selected. The Minister thinks that all the companies that fulfill financial performance criteria should be included in this ...
Romania to assign by 2015 EUR 6 billion for water quality improvement
Thursday, January 25, 2007
Romania will earmark by 2015 some six billion euros for the rehabilitation and expansion of water distribution networks, the improvement of water treatment technologies, potable water quality monitoring and the acquisition of equipment for getting compliant with the provisions of the EU Drinking Water Directive, reads a press release of the Ministry of Environment and Water Management (MMGA).For a three-year interval, Romania coordinates the activities aimed at implementing the programs for ...
Romania officially takes over Presidency of Commission for the Protection of Danube River
Thursday, January 25, 2007
Romania officially took over on Monday in Vienna the Presidency of the International Commission for the Protection of Danube River (ICPDR), the Ministry of Environment and Water Management informs in a release.State Secretary of Environment and Water Management of Romania, Lucia Varga, will serve as President during 2007 and will guide the activities of ICPDR, which was set up to coordinate the protection and improvement of the Danube and its tributaries. 'As the person responsible for flood ...
Indictees in energy privatization case released
Thursday, January 25, 2007
The High Court of Justice in Bucharest admitted on Monday night an appeal by four people involved in a locally famous case related to abuses in the privatization of Romanian energy companies, who had challenged a decision that their arrest warrants be prolonged.That means the four - foreigners Stamen Stanchev and Vadim Benyatov along with Romanian citizens Dorinel Mucea and Mihai Radu Donciu - were released, but will not be allowed to leave Bucharest pending the investigation.The four ...
Moody’s improved Transelectrica rating from Ba1 to Baa3
Thursday, January 25, 2007
Moody’s Investors Service improved the rating allocated to Transelectrica from Ba1 to Baa3 with stable perspective. According to the financial rating company, the revision took into consideration the improvement of ratings offered to Romania in October last year, as a result of the reduction of public debt and the consolidation of economic institutions. The Moody’s analysts show that Transelectrica has a strategic role as owner and operator of the Romanian system of electricity transport, ...
Analysis: Energy strategy needs to be harmonised and based on EU strategy
Thursday, January 25, 2007
Energy strategies of the commissions set up by the president and the premier, but as well as the one which will be set up by the ministry of economy have to be harmonised and rely on EU energy strategy, Liviu Voicea analyst, stated. Officials of the MEC stated that “ according to the energy law, our country needs to have two separate strategies in the energy domain, one for medium term and another one for long term”. At present, MEC drew and sent for approval the document relating to medium ...