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Energy & Environment
New hydroelectric power plant in Caras-Severin county to generate 2,500 MWh per year of green energy
Thursday, June 16, 2022
TMK Hydroenergy Power has started work on the new hydroelectric power plant in Caras-Severin County, funded under the Energy Programme in Romania, through EEA and Norwegian financial mechanisms, 2014-2021, that will secure the production of approximately 2,500 MWh per year of green energy.According to CEZ Romania, the implementation of the project takes place between September 1, 2020 and December 31, 2022 and involves an own investment of almost 700,000 euros. ...
ANRE: By 2030 we can bring between 10.000 and 12.000 MW of new capacities into the national energy system
Thursday, June 16, 2022
TMK Hydroenergy Power has started work on the new hydroelectric power plant in Caras-Severin County, funded under the Energy Programme in Romania, through EEA and Norwegian financial mechanisms, 2014-2021, that will secure the production of approximately 2,500 MWh per year of green energy.According to CEZ Romania, the implementation of the project takes place between September 1, 2020 and December 31, 2022 and involves an own investment of almost ...
Vast Resources says second drill rig is on-site at Baita Plai
Thursday, June 16, 2022
Vast Resources (VAST) has confirmed to investors that its second Mantis CMR4 production drilling rig has now been delivered to site at the Baita Plai Polymetallic Mine in Romania, https://www.voxmarkets.co.uk/ informa. The ...
Jan-Apr energy output falls 4.1% y/y
Thursday, June 16, 2022
Romania's energy output edged down by an annual 4.1% in January-April, the statistical office, INS, said on Wednesday.Romania's January-April energy production totalled 6 million tonnes of oil equivalent (TOE), INS said in a statement. Imports amounted to 4.664 million TOE, down 5.7% on the year. Romania's electricity output and imports totalled 22.1 TWh in January-April, down 4.8% on the ...
Romania aims for energy independence in response to Ukraine war
Thursday, June 16, 2022
The Romanian government wants to transform the country’s energy infrastructure and energy mix to attain energy independence, but experts warn there are still issues while environmental groups call for a bigger role for renewables, euractiv.com reads. Last year, 45% of Romania’s primary energy consumption was provided by ...
Natural gas prices in Romania, up 86.71pct in 2021
Thursday, June 16, 2022
Natural gas, edible oil, cornmeal, flour, potatoes, water, sewerage and sanitation services, as well as postal services reported the highest price increases in Romania in 2021, according to data published on Friday by the National Statistics Institute (INS).Thus, between May 2021 and May 2022, natural gas prices surged by 86.71%, while potato prices rose by 50.93% and edible oil prices jumped 44.14%.According to INS, in addition to the ...
Saint-Gobain Romania, ENGIE Romania Partner to Build On-Site Photovoltaic Park
Thursday, June 16, 2022
Saint-Gobain Romania has announced a partnership with ENGIE Romania to build what it says will be the largest on-site photovoltaic park in Romania, https://www.usglassmag.com/ informs. The result of this partnership will be what the companies say will be a system of photovoltaic panels for the ...
EU energy fund to commit $514 million for solar projects at Romanian mining waste sites
Thursday, June 16, 2022
Panels will be installed at waste sites in five mining towns as part of the latest, €2.4 billion ($2.57 million) round of investment from a fund set up to help coal-dependent European member states with the energy transition. Romania will receive more than €480 million ($514.4 million) of EU money for solar projects ...
Government to sell 1% stake in OMV Petrom to ex-employees by end-2023
Thursday, June 16, 2022
Government said it has approved the sale of 1% stake in oil and gas group OMV Petrom [BSE:SNP] to former employees of the company by the end of next year. In its decree, the government is complying with a High Court of Cassation and Justice ruling from 2019, which required the state to sell up to 8% of the shares in OMV Petrom to employees, government spokesman Dan Carbunaru said during a press briefing on ...
Greenpeace to release report on photovoltaic potential of public buildings in Romania
Thursday, June 16, 2022
Greenpeace released a report called "An untapped resource - The photovoltaic potential of public buildings in Romania."The release conference will discuss the implications of using this energy potential and the benefits it would bring to citizens and local administrations."We are in the midst of an energy crisis; we need to find cheaper, faster, long-term and environmentally friendly solutions. And some of the solutions are closer than we think, even ...
Gas imports of Romania have increased by 50% in January and were four times more expensive
Thursday, June 9, 2022
Romanian gas imports have increased in the first month of this year by 50% against the same month of last year and were at a price four times higher, show the reports of the National Authority for Energy Regulation (ANRE).Thus, if in January 2021 imports were 2.7 million MWh, in January 2022 they were 4 million MWh.The import price was 305 lei/MWh, four times higher than 68 lei/MWh as it was in January 2021.At the same time, the ...
Gross energy consumption in the metallurgical industry increased by 12,4% last year
Thursday, June 9, 2022
Gross energy consumption in the metallurgical industry was last year 62.534,2 TJ, up 12,4% compared to 2020, according to data centralized by the national Institute of Statistics. According to the field of use, 54,7% of the consumption was recorded for the furnace load preparation department, 15,2% for cast iron production, 12% for other uses, 6,9% for steel production, 6,3% for electricity production ...
EIB transferred 1.4 billion euro for the financing of the strategic projects in the energy sector in Romania
Thursday, June 9, 2022
The European Investments Bank (EIB) transferred on Wednesday approximately 1.4 billion euro from the Modernisation Fund for the financing of strategic projects in the energy sector in Romania, announced the minister of energy, Virgil Popescu‘It is about: 8 projects lodged by CEO for the production of energy from renewable sources, total worth 670,802,780 euro, out of which 469,561,946 ...
ANRE: Some suppliers for energy have increased their prices artificially to receive more money from the state
Thursday, June 9, 2022
Some energy suppliers have increased their prices artificially to ask for more money from the state budget through the mechanism of capping and offsetting of invoices, according to a document of the National Authority for Energy Regulation (ANRE).These transactions concluded in order to artificially increase the price may be suspected, according to European regulations, of possible market manipulation, said ANRE representatives, who have started ...
The government approved the continuation of the financing of the closure of tailings ponds in the mining sector
Thursday, June 9, 2022
The government has approved the continuation of the financing of the closure of tailings ponds in the mining sector. There are greening works for several mines in view. ‘It was necessary to approve a document which could let us continue the projects already started for closure and greening. It is about the mining objective from Baia Sprie – Iaz Tautii de Sus, Maramures county as well as other ...
Serinus begins Romanian drilling program
Thursday, June 9, 2022
* Serinus Energy will drill two wells sequentially into two separate natural gas prospects near Moftinu gas field in northwest Romania. Subject to results of the first two wells the company anticipates drilling a third well to complete this 2022 program, Oil & Gas Journal reads. Serinus Energy PLC will drill two wells sequentially into two separate natural gas prospects near Moftinu , Satu ...
INVL Renewable Energy Fund I to Invest about EUR 120mln in Solar Power Plants in Romania
Thursday, June 9, 2022
INVL Renewable Energy Fund I to invest about EUR 120mln in solar power plants in Romania The INVL Renewable Energy Fund I managed by INVL Asset Management, the leading asset management company in Lithuania, is beginning activities in Romania and plans to invest approximately EUR 120 million in the development of solar farms it has acquired. Under agreements that have ...
KMG on the market differentiation of crude oil and petroleum products in Kazakhstan in the context of sanctions imposed on the Russian Federation
Thursday, June 9, 2022
The European Union approved on June 3, 2022, the sixth package of sanctions, which provides for a phased release of crude oil and petroleum products of Russian origin. The implementation of this measure will take 6 months for crude oil and up to 8 months for petroleum products. These restrictions do not apply to purchases of crude oil from other countries and delivered by sea if such crude oil is loaded ...
GreenVolt takes over 45MW PV park in Romania for EUR 83 mln
Thursday, June 9, 2022
Portuguese group GreenVolt, a player in the field of renewable energy, reached an agreement with Samsung, through some of its subsidiaries, for the takeover of a 45 MW solar park in Giurgiu, evaluated at EUR 83 mln, according to a GreenVolt statement quoted ...
Romgaz’s strategic goal is to keep annual production decline below 2.5%
Thursday, June 9, 2022
Romgaz has completed an important investment objective in the Snagov priority onshore project, which consists of the development of an infrastructure containing technological installations for 11 wells, four groups of wells, collecting pipes, a drying station and a gas measuring panel. According to a company statement, the Snagov project is included in the Development Strategy ...