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Energy & Environment
PM Ciuca: Romania can hope for energy independence in the next five years
Thursday, December 9, 2021
Prime Minister Nicolae Ciuca said on Tuesday in Bilciuresti, Dambovita County, that Romania could achieve energy independence in no more than five years."We can hope for using our Romanian capital, using our Romanian capabilities in order to be able to achieve this goal of reaching energy independence in a time horizon that we have understood from the energy minister should not exceed five years," said Ciuca.Ciuca attended in Bilciuresti the ...
OMV Petrom: 11 billion euros by 2030 - largest private investment plan in energy sector
Thursday, December 9, 2021
OMV Petrom will invest 11 billion euros by 2030 to reduce carbon emissions, the largest private investment plan in the energy sector in Romania, according to the 2030 strategy of the company dubbed "Transformation for a future with low carbon emissions," posted on Tuesday on the website of the Bucharest stock Exchange."Today we announce our 2030 strategy, which will transform OMV Petrom into an integrated, low-carbon energy company, bringing value to ...
Two Romanian entrepreneurs develop wind farm portfolio of 650MW
Thursday, December 9, 2021
smart Power Generation Beta, a company owned in equal shares by Manole Gheorghe and Vasile Domente, developed a portfolio of wind farms with a total installed capacity of 650MW, Ziarul ...
Commission decides to refer Romania to the Court of Justice of the European Union for failure to comply with EU clean air and industrial emissions legislation
Thursday, December 9, 2021
The Commission decided to refer Romania to the Court of Justice of the European Union in two cases - for failing to comply with EU rules to tackle industrial pollution and to adopt an air pollution control programme. In the first case, Romania has not ensured that three industrial plants operate with a valid permit under the Industrial Emissions Directive ...
Commission urges GREECE and ROMANIA to transpose the amending Energy Efficiency Directive
Thursday, December 9, 2021
The Commission decided to send reasoned opinions to Greece and Romania for failure to transpose the amending Energy Efficiency Directive ...
The Republic of Moldova will build the 400 kV Vulcanesti-Chisinau OHL with the Indian KEC International
Thursday, December 9, 2021
The tender for the construction of the 400 kV overhead power transmission line on the Vulcanesti-Chisinau direction was won by an Indian company – KEC International, announced Andrei spînu, Minister of Infrastructure and Regional Development of the Republic of Moldova. The works are part of the project “Interconnection of electricity networks between the Republic of Moldova and ...
Grasshopper Energy forms 1GW solar partnership in Romania
Thursday, December 2, 2021
Canadian renewables developer and asset owner Grasshopper Energy has signed an agreement that could support the development of up to 1GW of solar in Romania by 2030. The deal with entrepreneur Stefan Sturdza covers the development, construction and operation of solar projects in the country and is said to require investments of around USD 1 billion. Canada-headquartered Grasshopper Energy said the ...
Transgaz borrows EUR 44 mln to consolidate transfer capacity to Moldova
Thursday, December 2, 2021
Romanian gas transport system operator Transgaz has contracted a one-year loan to finance investments in northeastern Romania and ensure its transfer capacity towards the Republic of Moldova - where it owns and operates through Vestmoldtransgaz a pipeline from Iasi-Ungheni cross-border interconnector to Chisinau industrialized area. Rather strategic, the investments carried out by Transgaz with the aim ...
Cernavoda nuke plant expansion: project company awards first contract
Thursday, December 2, 2021
Candu Energy, a member of the SNC-Lavalin Group (TSX:SNC), has won a 12-month, USD 8.4 mln contract from Romanian firm, EnergoNuclear, to provide engineering services during the preparatory stage of a precursor project to complete the two CANDU-type units 3&4 at Cernavoda nuclear plant in Romania, according to ...
NGO Declic wants to block major gold mining project in Romania
Thursday, December 2, 2021
Romanian NGO Declic, a member of the Mining Watch Romania network, reportedly managed to block the gold and copper mining in Rovina developed by the Canadian company Euro Sun Mining (formerly Carpathian Gold), the largest gold and copper mining project in the European ...
EU’s circular material use rate increased in 2020 :The lowest rate was recorded in Romania (1%)
Thursday, December 2, 2021
In 2020, the EU’s circular material use rate (referred to as the circularity rate) reached 12.8%. This means that almost 13% of material ...
BCR launches an energy efficiency loan covering 85% of the investment value
Thursday, December 2, 2021
Banca Comerciala ...
Climarol Prest will produce high-efficiency energy from biomass
Thursday, December 2, 2021
The company Climarol from Oradea, in collaboration with the University of Oradea, will implement a project with European funding to obtain high-efficiency energy from biomass. Twigs, willows, grass, residues from vine pruning, residues from sunflower crops, beet crops, corn are some of the raw materials that could be used for energy purposes. “We intend to identify those renewable energy sources ...
EC proposes new targets for the energy efficiency of buildings and the revision of the directive
Thursday, December 2, 2021
European Commission has proposed several amendments to the energy efficiency directive for buildings, which will be discussed on December 14, Gaspard Demur, team leader at DG Energy, the European Commission, told a conference. “In the context of the Fit for 55 proposals, the European Commission has proposed revising the directive on the energy efficiency of buildings, as buildings account for 40% of energy consumption and 35% ...
Governing program: Energy priorities - nuclear agreement with U.S., Black Sea gas, energy investment fund
Thursday, November 25, 2021
Developing a nuclear program based on U.S. technology, unblocking the Black Sea gas projects and setting up an energy investment fund are some of the goals set out in the Energy chapter of the 2021-2024 Governing Program pledged by the PNL-PSD-UDMR coalition."Decarbonising the energy supply in line with the EU target of cutting greenhouse gas emissions by at least 40 percent from 1990 levels can only be achieved by increasing the nuclear production ...
Rompetrol Rafinare cooperates with anti-corruption authorities in case of fake sludge lagoon dredging
Thursday, November 25, 2021
KMG International Group was surprised to learn about the action this morning by DIICOT Ploiesti anti-corruption prosecutors in connection with the greening of the historic sludge lagoons at the Vega Ploiesti refinery, part of Rompetrol Rafinare, but cooperated with the judicial authorities and provided all the necessary documents and information, the company said in a release today."Up until now, none of the Rompetrol Rafinare employees has been ...
OMV Petrom's new strategy for 2030 sets out ambitious environmental targets
Thursday, November 25, 2021
In its new strategy for 2030, energy company OMV Petrom sets itself new, more ambitious environmental targets, in line with the Fit for 55 proposals, company CEO Christina Verchere told a specialist conference on Monday.According to her, the company has already reduced its carbon footprint by 26 percent compared to 2010."This was our goal for 2025 and we have already attained it four years earlier. We have also started to build charging stations ...
Enel to reduce investments in Romania, if authorities do not alter compensation measures and bill capping
Thursday, November 25, 2021
The measures for compensating and capping energy bills, adopted by Romania, are incorrect, create instability and discourage investors, thus the Italian group Enel will reduce investments in our country if these provisions remain in effect, the Enel officials said on Wednesday, during the Enel Capital Markets Day conference.Francesco Starace, Enel CEO, said that the European Union published a few months ago a set of measures called Tool Box, which the ...
OMV Petrom to begin USD 30 mln seismic campaign in Georgia's offshore next year
Thursday, November 25, 2021
OMV Petrom, the most important oil and gas company in Romania, will launch in 2022 a large seismic campaign on the continental shelf and in the offshore economic zone of Georgia, a campaign estimated at a value of USD 30 mln. Last year, OMV Petrom announced that it was going to explore the oil and gas fields in the Georgian territorial waters of the Black Sea after winning the tender for ...
Dacian Petroleum takes over 40 onshore oil and gas fields from OMV Petrom
Thursday, November 25, 2021
The Romanian Government cleared the transfer of the rights and obligations related to 40 oil concession agreements from OMV Petrom to Dacian Petroleum, a company founded by Ion Popa - the former general manager of Petrom until the privatization, during 1992-2003. Dacian Petroleum will pay USD 17.8 mln to buy the 40 fields, according ...