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Energy & Environment
Government approves medium and long-term strategy regarding safe management of used nuclear fuel
Thursday, January 20, 2022
The Government approved, on Wednesday, the National Strategy for the medium- and long-term safe management of used nuclear fuel and radioactive waste, thus aligning itself to Directive 2011/70/EURATOM of the Council of Europe, announced the Government's spokersperson, Dan Carbunaru.He mentioned, in a press conference, at the Victoria Palace, that the Directive provides for the building of a community framework for the responsible and safe management of used ...
The contractor for energy projects Romelectro files for insolvency
Thursday, January 20, 2022
Romelectro, the company that designed a large part of Romania's energy system during the communist regime and carried out projects abroad, mostly in the Middle East, is asking for insolvency. This happens precisely when the country needs the most engineering companies able to develop major projects in the energy generation ...
Trade unions: State shutting down dozens of coal facilities with no replacement, cause for energy crisis
Thursday, January 20, 2022
The explosion of prices in energy is caused by the lack of energy, after the state closed tens of coal facilities from 2008 to this year, without replacing them, informs a release sent on Tuesday by the National Federation of Trade Unions in Energy "UNIVERS" and the National Mines-Energy Federation."The explosion of energy prices is explained by politicians and analysts in all sorts of ways, almost all tying it to the increase of prices at the European ...
EDP Renewables wants to implement 20 GW new capacities with supplementary capital investment worth 19 billion euro
Thursday, January 13, 2022
Renewables, the fourth biggest renewable energy producer in the world, with projects of renewable energy in Romania, announced on Wednesday that they implement a new operating model. As part of their business plan for 2021 – 2025, EDPR means to implement 20 GW new capacity, with supplementary capital investment of 19 billion euro and an organization of 3,000 ...
Government: Investments of over 16 billion euro for the development of the energy sector of Romania
Thursday, January 13, 2022
The government analysed on Monday, during an informal meeting, the opportunities for financing worth over 16 billion euro, funds which the country will benefit from up to 2030 to develop its energy sector in transition towards an economy which could observe the environment and to combat the effects of climatic changes, informs the government, in a press release. Premier Nicolae-Ionel Ciuca asked that ...
The Petromidia Navodari refinery was not affected by the conflict in Kazakhstan
Thursday, January 13, 2022
Petromidia refinery Navodari, on the Black Sea coast, owned by the Kazakh state-owned KazMunayGas, has not been affected by the recent armed conflicts in Kazakhstan, despite the fact that a large part of the raw material comes from this country, KMG International stated, according ...
Fondul Proprietatea reminds Hidroelectrica IPO should be on Romanian Govt.’s agenda
Thursday, January 13, 2022
Romania’s authorities have now a window of opportunity to use the political consensus following the formation of a new ruling coalition and go ahead with the planned IPO at the hydropower group Hidroelectrica, Fondul Proprietatea (FP) argues in a column published by Ilinca von Derenthall, Chairman of the Committee of Representatives. FP has repeatedly argued for the listing of ...
Govt. ponders 5% preferential VAT rate for energy after April
Thursday, January 13, 2022
Romanian residential consumers with monthly consumption of under 300kWh will pay a preferential 5% VAT rate and no co-generation or green certificates after April 1 - when the ‘cap and subsidy’ scheme in force over the winter period expires, prime minister Nicolae Ciuca announced on January 11. According to prices on the spot market, the ...
PM: Romania should produce, not import green technologies
Thursday, January 13, 2022
The Romanian Government discussed, in an informal meeting on January 10, how can it best use the EUR 16 bln financing the country can get from the European Union by 2030 for upgrading its power sector with a particular focus on renewable projects. Romania should focus on developing its factories to produce parts and equipment used in renewable energy projects, prime minister Nicolae Ciuca argued, ...
Romgaz - Exxonmobil transaction for Black Sea gas, temporarily blocked
Thursday, January 13, 2022
The sale of a 50% stake in Neptun Deep Black Sea offshore perimeter between the state-controlled company Romgaz (the buyer) and ExxonMobil (the seller) is temporarily blocked due to a controversy related to the fact that the American company holds the operating license through a vehicle registered in the Bahamas and not in Romania, government sources ...
Crude oil, natural gas imports in first 9 months of 2021 reach 2.5 billion euro
Thursday, January 13, 2022
Romania imported, in the first nine months of 2021, crude oil and natural gas in the amount of 2.498 billion euros, up by 47.3 pct compared to the same period of the previous year, according to data centralized by the National Institute of Statistics (INS).Exports amounted, in the mentioned period, to 156.1 million euros, increasing 15.2 times, Romania registering thus in this category of products a deficit of 2.342 billion euros.In the first ...
The crude oil imports go down by 0.9% during first 10 months of 2021
Thursday, January 6, 2022
Romania has imported during the first 10 months of 2021, a quantity of crude oil of over 5.513 million tons of toe (tonne of oil equivalent) net crude oil, with 49,700 toe (0.9%) smaller than the one imported during the similar period of 2020, according to the centralized data from the National Institute of Statistics (INS).Crude oil production rose up to almost 2.6 million toe, being 4.2% (112,900 toe) smaller than last year.The National Commission for Strategy and ...
AFM announces modification of the Green House Photovoltaic Program Financing Guide
Thursday, January 6, 2022
The Administration of the Environment Fund (AFM) announces the approval of the Order of the Minister of Environment, Waters and Forests on the modification of the Financing Guide of the Green House Photovoltaic Program, which will introduce a new stage through which validated installers can identify applicants eligible according to the documents submitted by them in order to establish centralizing lists based on the new regulations mentioned in the Order no. 488 / 28.12.2021 of the President ...
Memoranda approved by Gov't on cooperation with OECD Economic Department, sale of "Petrila Mine Historical Complex"
Thursday, January 6, 2022
The Executive approved two memoranda regarding the continuation of the collaboration with the Organisation for Economic Co-operation and Development (OECD) Economic Department and, respectively, the approval of the sale of the "Petrila Mine Historical Complex" from the patrimony of the National Mine Closure Company Valea Jiului S.A. to Hunedoara County Council."Romania has officially submitted its candidacy for accession to the OECD and is awaiting a decision in this ...
AFM announces modification of the Green House Photovoltaic Program Financing Guide
Thursday, January 6, 2022
The Administration of the Environment Fund (AFM) announces the approval of the Order of the Minister of Environment, Waters and Forests on the modification of the Financing Guide of the Green House Photovoltaic Program, which will introduce a new stage through which validated installers can identify applicants eligible according to the documents submitted by them in order to establish centralizing lists based on the new regulations mentioned in the Order no. 488 ...
Romania, acknowledged as regional hub in promoting 2030 Agenda 2030 for Sustainable Development
Thursday, January 6, 2022
Romania is among the first European countries to have achieved an occupational standard for the position of expert in sustainable development and is acknowledged as a regional hub for promoting the 2030 Agenda in this area, Prime Minister Nicolae Ciuca said."There has been [on Tuesday] the meeting of the Interdepartmental Committee for Sustainable Development. Romania assumed as early as 2015 implementing the UN goals for the 2030 Agenda for ...
Gas imports up by over 68 pct, production grows by 0.4 pct January through October
Thursday, January 6, 2022
Romania imported, in the first ten months of 2021, a quantity of usable natural gas of 2.283 million tons of oil equivalent (toe), with 68.4 pct (927,500 toe) higher than in the same period of 2020, according to data centralized by the National Institute of Statistics (INS).The domestic production of natural gas was, during the mentioned period, of 6.005 million toe, being 0.4 pct (21,000 toe) above that of January-October 2020.The ...
Transgaz seeks to get involved in green hydrogen transport infrastructure
Thursday, January 6, 2022
Romania's state-controlled natural gas transport system operator Transgaz (TGN) summoned its shareholders on January 25 to endorse setting set up an investment vehicle aimed at developing "hydrogen-ready / low-carbon infrastructure projects". For this purpose, Transgaz and the Investment Fund of the Three Seas Initiative (I3M) will set up a company registered in Romania, in which TGN will have 51% of the ...
Hidroelectrica plans green hydrogen production on the Danube
Thursday, January 6, 2022
Romanian state-controlled company Hidroelectrica, the largest electricity producer in the country, ponders building a green hydrogen production unit with a capacity of 50 MW and a photovoltaic park with energy storage batteries on the island Ostrovu Mare on the Danube, located near the hydropower and navigation system Iron Gates II. The company seeks a consultant to prepare the ...
Premier Ciuca approves establishment of Inter-ministerial Committee on thermal energy situation in Romania
Thursday, January 6, 2022
Prime Minister Nicolae Ciuca approved the establishment of the Inter-ministerial Committee on the thermal energy situation in Romania, through a decision published in the Official Gazette on Thursday.According to the decision, the coordination of the Committee is ensured by Gheorghita Agafitei, state counselor in the Prime Minister's Chancellery and is made up of representatives at the level of Secretary of State of the Ministry of development, public ...