Energy & Environment
Retele Electrice invest 24 million lei in the modernization of the medium voltage network, by acquiring 24kV non-detachable circuit breakers
Thursday, August 29, 2024
Retele Electrice Muntenia organizes through the SEAP public platform a tender for the purchase of 24kV three-pole non-removable circuit breakers with vacuum switching, worth up to 24 million lei. This initiative is part of a large project to modernize and expand the electricity distribution infrastructure operated by the Retele Electrice companies, aiming to improve the safety and efficiency of the electricity networks. "This tender represents ...
Competition Council analysing OMVPetrom taking over Intertrans Karla SRL, Bridgeconstruct SRL, ATS Energy SA
Thursday, August 29, 2024
The Competition Council is analysing the takeover of Intertrans Karla SRL, Bridgeconstruct SRL and ATS Energy SA by OMV Petrom, according to a competition authority release sent on Wednesday.The OMV Petrom Group is active in the energy sector, from the exploration and production of oil and natural gas to the refining and distribution of fuels and, further on, to the generation of electricity, as well as the commercialisation of natural gas and electricity.The ...
Romania Heavily Imports Electricity After Nuclear Reactor Shutdown
Thursday, August 29, 2024
Romania is importing over 2,000 MW of electricity on Wednesday morning, equivalent to one-third of the national consumption, due to the shutdown of a reactor at Cernavoda and reduced renewable energy production. According to Transelectrica, at 8:30 AM, Romania’s electricity imports reached nearly 2,100 MW, with national consumption at 6,700 MW. Imports were also very high during last night’s peak consumption, ...
Electrica H1 profit falls on lower sales, prices
Thursday, August 29, 2024
Romanian power supplier and distributor Electrica said on Tuesday that its consolidated net profit dropped by 40.3% year-on-year to 102.1 million lei ($22.9 million/20.5 million euro) in the first half of 2024, as revenues of the group's supply division shrank by 20.5% to 2.938 billion lei. The drop in the revenues of the supply division came as a result of lower electricity sales volumes and lower purchase cost for electricity, Electrica said in a ...
Romania's crude oil production decreased by 3.8% in the first six months of 2024; imports decreased by 17.3%
Thursday, August 29, 2024
Romania produced, in the first semester of 2024 a quantity of crude oil of over 1,353 million tons of oil equivalent (toe), 53,200 toe less (-3.8%) than during the same period of the previous year, according to the data centralised by the National Institute for Statistics. (INS). Imports of cruide oil were, in the mentioned period, 3.376 million toe, being 707.300 toe below those recorded in January - June 2023 ...
Romania's coal production down 19.8pct in H1, imports down 30.7pct
Thursday, August 29, 2024
Romania's coal production in the first six months of this year totaled 929,700 tonnes of oil equivalent, 19.8% lower (minus 230,100 toe) than in the same period in 2023, according to data centralized by the National Institute of Statistics (INS).Imports of coal amounted to 95,900 toe, down 42,400 toe (minus 30.7%) compared to January-June 2023.The dynamics of both coal production and imports are expected to decrease in the period 2024-2027, as ...
Romania's updated Energy Strategy 2025-2035 includes keeping affordable energy prices
Thursday, August 29, 2024
The updated version of Romania's Energy Strategy 2025-2035 provides, among other things, for keeping affordable energy prices in place and supporting economic competitiveness, developing energy storage facilities and encouraging the growth of domestic consumption under efficient circumstances, according to the Ministry of Energy.The draft of the updated "Romania's Energy Strategy 2025-2035 toward 2050" document is posted on the website of the Ministry of Energy, the section ...
Romania has 2,878 billion cubic meters of natural gas in storage, filling level exceeds 90 pct
Thursday, August 29, 2024
Romania has stored 2.878 billion cubic meters (bcm) of natural gas, for a filling level of 90.79%, which means that it has met its natural gas storage target for next winter more than 70 days ahead of schedule, the Energy Ministry Sebastian Burduja announced on Thursday.According to the European legislation and the commitments undertaken at the country level, the objective of constituting natural gas stocks of 90% of the storage capacity for the winter 2024 - 2025, ...
Romania's gas imports almost 20 pct up in H1, domestic production advances 1.3 pct
Thursday, August 29, 2024
Romania's net gas imports in H1 2024 amounted to 834,800 million tons of oil equivalent (toe), 19.9 percent up (+138,800 toe) from the same period of the previous year, shows data released on Thursday by the National Institute of Statistics (INS).The domestic production of natural gas in the reporting period totaled 3.8 million toe, up 1.3 percent (+48,600 toe) year-over-year.According to estimates by the National Economic Strategy and Forecasting Board (CNSP), ...
Ukrainian DTEK To Build Fourth Solar Park In Romania
Thursday, August 29, 2024
The Ukrainian group DTEK is building, through DRI, its Amsterdam-based subsidiary, a new photovoltaic energy production project in Romania. It is about a large park in Glodeni commune, Mures county, next to the 53 MW solar park that the company already owns there. The two combined projects will thus form one of the largest photovoltaic parks in the country. Glodeni II is DRI’s fourth photovoltaic project in our country, ...
Backing Romania’s green ambition with €110 million finance package
Thursday, August 22, 2024
EBRD and Raiffeisen Bank International provide €110 million package for two solar plants in Romania, with InvestEU guarantee Plants totalling 300 MW will generate 386 GW/h of renewable energy a year EBRD is a leader in green finance and strong supporter of Romania’s renewables ...
CNE Cernavoda produced and delivered in SEN a quantity of electricity of 4,756 GWh, in the first quarter
Thursday, August 22, 2024
CNE Cernavoda produced and delivered in the National Energy System (SEN) in the first quarter of 2024 a quantity of electricity of 4,756 GWh with 3.3% lower than the similar period of last year, according to a report of Nuclearelectrica sent to the Stock Exchange of Bucharest. 'The gross production of electricity of the two operational units of CNE Cernavoda was 5,178,220 MWh in the first quarter of 2024 (out of which 2,177,928 MWh in Q2 2024); out ...
Primary energy and electricity resources, down in first half year, electricity consumption up by 0.8 pct
Thursday, August 22, 2024
Romania's primary energy resources decreased by 2.9%, in the first six months of the current year, compared to the same period in 2023, and those of electric energy decreased by 1.5%, according to the data published on Tuesday , by the National Institute of Statistics (INS).In the analysed interval, the main primary energy resources totaled 15.658 million tonnes of oil equivalent (toe), down by 472,200 toe.Also, domestic production amounted to 8.535 million tep, ...
Romania Holds 2.8 Billion Cubic Meters Of Gas In Storage Facilities
Thursday, August 22, 2024
Romania currently has 2.8 billion cubic meters of gas in its underground storage facilities, which represents over 88% of the total storage capacity, according to a statement from the Ministry of Energy. The European Commission’s Implementing Regulation (EU) 2023/2633 (dated November 20, 2023) stipulates that Romania was required to have its storage facilities filled to 65% by July 1 and to 85% by September ...
BCR & Erste Group Fund Nala Renewables’ €214M Romanian Wind Project
Thursday, August 22, 2024
Nala Renewables, a global power and renewable energy investment platform and independent power producer (IPP), signed a financing package for the EUR 214 million acquisition and construction of a 99.2 MW onshore wind project. Banca Comerciala Romana SA and Erste Group AG will finance the project costs and provide ancillary facilities as sole lenders, BCR making available also the VAT facility and acting as a facility agent, security agent and account ...
Romania's energy output down in H1 amid hydropower dip
Thursday, August 22, 2024
Romania's energy output fell by an annual 5.6% in the first six months of 2024, to 8.536 million tonnes of oil equivalent (TOE), as the the output of hydropower stations fell by an annual 24.1% to 8.632 TWh, the statistical office said, citing provisional data. Romania's energy resources, including imports, totalled 15.659 million TOE in the six months through June, down 2.9% on the year, the statistical office said in a statement on Tuesday. Imports ...
Transelectrica ends first half of 2024 with net profit of 264 million RON
Thursday, August 15, 2024
National Power Grid Company Transelectrica, recorded a net profit of 264 million EON in the first half of 2024, up 63% compared to the same period of the previous year, according to a report submitted Wednesday to the Bucharest Stock Exchange.The gross result increased from 179 million RON in the first six months of 2023 to 283 million RON in H1 2024, mainly due to the increase in the volume of energy priced at the tariffs approved by ANRE, revenues from CPT transactions ...
Nuclearelectrica H1 2024 net profit declines 34.6pct to RON 843 million
Thursday, August 15, 2024
The Nuclearelectrica National Corporation (BVB symbol SNN) has reported a net profit of RON 843.135 million in the first half of 2024, down 34.6% year-on-year according to a report submitted on Wednesday to the Bucharest Stock Exchange (BVB).Operating profit (EBITDA) decreased by 27.8% compared to the same period last year, significantly influenced by a 43.2% decrease in sold electricity prices, for a similar amount of electricity sold.Operating income decreased ...
Rompetrol Rafinare's results, declining in the first half of 2024
Thursday, August 15, 2024
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), recorded, in the first half of 2024, a gross turnover of 2.1 billion dollars and an operational result (EBITDA) of almost 45 million dollars, indicator that measures the company's profitability before deducting depreciation, interest, fees and taxes. The financial results were influenced by the planned shutdown of the Petromidia refinery, between March and May 2024, but ...
Romgaz H1 consolidated net profit up by almost 9 pct from previous year
Thursday, August 15, 2024
National Gas Company Romgaz posted a consolidated net profit of RON 1.837 billion for H1, 8.99 percent or RON 151.57 million higher year-over-year, shows a report sent on Wednesday to the Bucharest Stock Exchange.According to the cited source, a positive influence on this result came from the cancellation, starting from 2024, of the solidarity contribution (in H1 2023 this amounted to RON 970.92 million).The company's total revenues decreased by RON 1.013 ...