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Energy & Environment
Eurohold: Revenues of 839 mln. euro from energy in H1
Thursday, September 1, 2022
Eurohold, the parent company of Euroins Romania, recorded 4 times higher total revenues in the first half (H1), with energy businesses generating revenues of 839 million euro (BGN 1.64 billion) and an EBITDA of 68.8 million euro (BGN 134.6 million), according to a press release. Thus, Eurohold Bulgaria AD reported record half-year results in 2022, thanks to the strong performance of the company’s two main businesses – electricity and ...
The value of electricity exports increased by over 182% in the first 5 months
Thursday, August 25, 2022
Romania has exported, in the first five months of this year, electricity worth 450 million euro, with 182.4% more as compared to the similar period of 2021, according to the data, centralized by the National Institute of Statistics.The biggest exports of electricity during the period mentioned above were registered in January, namely 104.5 million euro and the lowest in April – 71.5 million euro.As regards imports, they totalised in January ...
Natural gas stored in national warehouses, at 70%
Thursday, August 25, 2022
The percentage of natural gas storage in national warehouses is 70%, PM Ciuca said Wednesday, giving assurances that through the steps taken by the Ministry of Energy the necessary quantities for the population and economy for the winter of 2022 - 2023 will be ensured."I am certain that, as we have assumed through the steps that the Ministry of Energy continues to take, we will have the guarantee of a continuous supply in the next period. We can, in this ...
Romanian state to gain this year over 43 bln RON from energy price hikes
Thursday, August 25, 2022
The Romanian state will gain this year over 43 billion RON from taxes and dividends paid by the energy sector, as a result of the price hikes, president of Romania's Energy Suppliers Association (AFEER) Laurentiu Urluescu told a press conference on Tuesday."The suppliers haven't yet received any money in compensation for the period starting in April. For the interval November to March, the first money came in after seven months, we are now four months into ...
XTB Analysis: Offshore wind energy could be one of long term answers to many climate and economic challenges
Thursday, August 25, 2022
Offshore wind energy produced in wind turbine groups located in seas and oceans, in the vicinity of coasts or far from the seashore, could be one of the long term answers to many climate and economic challenges, according to an analysis of the brokerage house on XTB Romania international exchanges. Energy production may grow by 47% until 2050. In the US, oil and natural gas will continue to be the main ...
ANRE approved the settlement of over 2,44 billion lei to energy suppliers
Thursday, August 25, 2022
The National Authority for Regulation in Energy (ANRE) approved until now the payment from the state budget of the sum of over 2.44 billion lei to the energy suppliers, through the mechanism of capping and compensation of bills, the press release of the institution says. " The situation of settlement applications for the period November 2021 - March 2022, respectively April 2022 - March 2023 is presented as follows: For GEO ...
Siemens Gamesa returns to Romania with 48-MW wind turbine order
Thursday, August 25, 2022
After close to ten years of absence from the Romanian market, Siemens Gamesa Renewable Energy SA (BME:SGRE) is returning with the job to equip the country’s first subsidy-free wind park under a contract with project developer Eurowind Energy A/S, https://renewablesnow.com/ ...
July's energy price on the stock exchange, four times higher than last year's July
Thursday, August 25, 2022
The price of electricity on the spot market of the OPCOM stock exchange (after-hours market) had an average of 1,813 RON per MWh in July 2022, a value four times higher than the average price recorded in the same month of last year, respectively 462 RON per MWh, according to the monthly report posted on the website of the stock exchange operator.The total value of transactions was 4.35 billion RON in July, up by 364% compared to the same month last ...
Garanti BBVA grants first loan in Romania for GREEN HOMES certified project
Thursday, August 25, 2022
Lender Garanti BBVA has granted a green loan to the Belgian developer Speedwell for a residential project certified by Romania Green Building Council (RoGBC) under the GREEN HOMES international standards. It was the first loan of this kind in Romania. The money was lent for phase 1 of THE IVY – the new residential project located in the Northern area of Bucharest. A project that is Green ...
Electrica reports 175.5 million RON losses during the first half of 2022
Thursday, August 25, 2022
Electrica has reported losses worth 175.5 million RON during the first half of 2022, as opposed to a net profit of 76.1 million RON during the similar period of last year, according to the bi-annual report sent to the Bucharest Stock Exchange on Wednesday."The main negative impact that contributes to the negative result of 175.5 million RON is determined by the average acquisition price of electricity consumption on the distribution segment, 115% higher than ...
Contract regarding electricity commercial trade between Romania and Republic of Moldova, signed
Thursday, August 18, 2022
The contract which will allow for allocating capacity for electricity commercial exchange on the interconnection line between Romania and the Republic of Moldova was signed on Thursday and the first electricity transactions between the two countries are estimated for the month of October, this year."Through the collaboration supported by the two Transport and System Operators for a common agreement which will result in allocating interconnection capacity, there will be a dynamic ...
BIG to develop 96.9MW wind farm in Romania
Thursday, August 18, 2022
Hungary-registered BIG Energia Holdings, part of the Israeli group BIG Shopping Centers (the owner of AFI shopping malls in Romania, among others), have all the permits to develop a 96.9MW wind farm in eastern Romania in Braila ...
Coal production advances 1pct in H1 2022, imports up 22.2pct
Thursday, August 18, 2022
Romania's H1 2022 net coal production totalled 1.459 million tonnes of oil equivalent (toe) up 1% (14,100 toe) from H1 2021, according to data with the National Institute of Statistics (INS).In H1 2022, Romania imported 281,500 toe of net coal, 51,200 toe (22.2%) more than the amount imported in H1 2021.The National Economic Strategy and Forecasting Board (CNSP) is expecting Romania's 2022 net coal production to reach 3.325 million toe, up 10.1% from 2021, ...
Transgaz lists consolidated net profit by 33 pct higher after first half of 2022
Thursday, August 18, 2022
The National Company for Natural Gas Transmission Transgaz has recorded a consolidated net profit higher by 33% after the first half of this year, to 177.278 million RON, and a turnover higher by 47.48%, to 1.178 billion RON, according to the report sent by the Bucharest Stock Exchange on Tuesday.Income from exploitation, before the balancing and construction activity, was situated at 703.921 million RON, going up slightly from the similar period of last year, and expenses with ...
Romania's H1 2022 crude oil production declines 6.2pct
Thursday, August 18, 2022
In H1 2022, Romania produced 1.464 million tonnes of oil equivalent (toe) of crude oil, down 97,100 toe (6.2%) y-o-y, according to data with the National Institute of Statistics (INS).Romania's H1 2002 crude oil imports stood at 3.95 million toe, up 50,400 toe (+1.3%) y-o-y.According to the National Economic Strategy and Forecasting Board, Romania's 2022 crude oil production is estimated at 3.17 million toe, down 2.3% from 2021, while the country's 2023 output ...
Romania's H1 2022 natural gas imports down 17.1pct, production down 5.5pct
Thursday, August 18, 2022
In H1 2002, Romania imported 1.067 million tonnes of oil equivalent (toe) of usable natural gas, down 17.1% (220,700 toe) y-o-y, according to data with the National Institute of Statistics (INS).The H1 2022 domestic production of natural gas exceeded 3.502 million toe, declining 5.5% (203,800 toe) y-o-y.The National Economic Strategy and Forecasting Board estimates for 2022 a natural gas production of 7.45 million toe and imports of 2.33 million ...
Romgaz more than doubles profit on higher prices
Thursday, August 18, 2022
Romgaz (BVB: SNG), a natural gas and electricity producer and supplier controlled by the Romanian state ...
Nuclearelectrica triples profit in H1 despite windfall tax
Thursday, August 18, 2022
Nuclearelectrica (BVB: SNN), the operator of Romania’s nuclear plant located in Cernavoda, announced that its net profit more than tripled in the first half of the year, to RON 1.22 bln (EUR 244 mln). This was ...
Financial results of Rompetrol Rafinare, in the first half of 2022
Thursday, August 18, 2022
Rompetrol Rafinare, a member company of the KMG International Group, recorded, in the first semester of this year, increasing financial indicators, on the background of developments in international quotations for raw materials (crude oil, bio components, etc.) and petroleum products, as well as refining margin. "In the first half of the year, our company played an important role in the stability of fuel supply to customers in Romania and the region, ...
Transelectrica's H1 net profit at 28 ml RON, down 73 pct
Thursday, August 18, 2022
National electricity transmission company Transelectrica posted a net profit of 28 million RON in H1, down 73 percent compared to the same period last year, according to the half-yearly report sent to the Bucharest Stock Exchange on Friday.January-June 2022 total operating revenues were 83 percent higher year-over-year, at 2.6 billion RON, mainly due to the increase in the average transmission tariff, the rise in interconnection revenues, as well as in the revenues achieved on ...