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Energy & Environment
Public and private action Fit for 55. How to build a working ecosystem
Thursday, October 7, 2021
by Radu Magdin, analyst and consultant Climate changes we are experiencing today are placing Romania and the rest of the EU member states before a myriad of policy options in tackling this emerging challenge, as well as associated opportunities and costs for key stakeholders, including the population and the ...
Energy performance criteria should become widespread in public tenders
Thursday, October 7, 2021
The European Commission has published a new set of recommendations ...
ANRE is investigating 26 energy companies for market manipulation
Thursday, September 30, 2021
The National Energy Regulatory Authority (ANRE) is investigating 26 energy companies for market manipulation, and fines will be between 5% and 10% of their turnover, the chairman of ANRE, Dumitru Chirita, said on this Wednesday.He was audited in the parliamentary inquiry committee regarding energy prices."We have 26 economic operators being investigated for market manipulation. What we noticed: operator A sells operator B a quantity of electricity, B sells to A the ...
President Iohannis: High energy prices - global issue, Government has taken issue very seriously
Thursday, September 30, 2021
President Klaus Iohannis said on Monday that high energy prices are a global problem, but that these issues are being discussed both at European level and in the Romanian government."There is no coincidence that the President [of the European Commission - ed.n.] and I have discussed this topic today, quite a lot and deeply. I want it to be very clear. High energy prices, especially electricity, are not a Romanian problem. It is an issue that seems to have become ...
EnerMin: We could discuss about over-taxing energy companies, to cap final consumer's price
Thursday, September 30, 2021
Energy Minister Virgil Popescu said on Monday he is willing to consider the option of over-taxing energy companies as a tool to limit the high energy prices for final consumers."Today I heard about another type of capping - capping by taxation. It's a discussion that can take place. I'm not an advocate of capping the price of the producer, because that's what staves off investment, but if we're talking about something else, an over-taxation for extra-profits, if we're ...
High electricity prices boost Nuclearelectrica’s earnings
Thursday, September 30, 2021
Romanian state-controlled power company Nuclearelectrica (SNN) targets a 40% higher net profit this year, compared to the previous budget, mainly due to the increase in electricity prices. The outlook of the energy sector as a whole is also supportive of the investors’ expectations, which pushed up the company’s shares markedly since the beginning of the year. The target is included in the draft budget for this year, which will ...
PNRR: 4.3GW of new green & gas power units to replace coal-fired plants by 2025
Thursday, September 30, 2021
Romania will gradually shut down its entire 4.59GW coal-fired power plants by the end of 2032 under a frontload schedule, according to the recovery and resilience plan (PNRR) sealed with the European Commission. Romania has become the 19th European country to formalise plans to exit coal, announced Europe Beyond Coal (EBC) - an alliance of civil society groups working to catalyse the closures of coal mines and power plants. "With only 810 MW of ...
BSOG seeks 15-year extension of Black Sea concession Midia
Thursday, September 30, 2021
The owners of the Midia natural gas perimeter in the Romanian offshore, Black Sea Oil & Gas (BSOG) and Petro Ventures and Gas Plus, have applied to the Agency National Institute for Mineral Resources (ANRM) for a 15-year extension of the concession agreement concluded with the Romanian ...
Romgaz seeks EUR 350 mln to pay for Exxon's 50% stake in Neptun Deep
Thursday, September 30, 2021
State-controlled company Romgaz will borrow EUR 350 mln from a syndicate of banks to finance the purchase from Exxon of the 50% participation in the Neptun Deep offshore gas project carried out with OMV Petrom. According to estimates, Romgaz should pay around close to EUR 1 bln for the 50% ...
Renovatio returns to Romania’s green energy market with 50 MW wind project
Thursday, September 30, 2021
Renovatio Asset Management, backed by Portuguese EDP Renewables in Romania and International Financial Corporation (IFC) in Moldova, has got the technical permit to connect to the national power grid a wind farm developed under a EUR 40 mln ...
EnerMin Popescu: Decarbonisation process cannot be without nuclear power
Thursday, September 30, 2021
Energy means security, and the decarbonisation process cannot be without nuclear power, Energy Minister Virgil Popescu said on Thursday after the ministerial meeting of the Transatlantic Partnership for Energy and Climate Cooperation (P-TECC) held in Poland in Warsaw, according to a press release of the Ministry of Energy."I've said that energy means security, and the process of decarbonisation cannot be without nuclear power. At the same time, during the meeting with our ...
Danish renewable enegy company European Energy enters Romanian market
Thursday, September 30, 2021
The Danish renewable energy company European Energy, which develops, finances, builds and operates wind and solar farms, as well as hydrogen installations and global storage capacities, has opened a subsidiary in Romania, as part of the expansion plans of international presence and strategy to becoming an important player on the local market, says a press release sent by the company .Starting with September, Ioannis Kalapodas was appointed Head of ...
Repair works at Petromidia Navodari refinery, near completion
Thursday, September 30, 2021
Rompetrol Rafinare, member company of the KMG International Group, has completed most of the turnaround of the production units on the Petromidia platform and performs the last technical checks in order to restart the production activity in conditions of maximum safety. The technological installations will be restarted in stages and are expected to reach, by the end of October, the optimal operating efficiencies, the company informs in a press release sent to ...
ENEL X AND POWER ELECTRIC PARTNERSHIP FOR THE DEVELOPMENT OF THE PRIVATE CHARGING AREA FOR ELECTRIC VEHICLES AND THE EXTENSION OF THE NETWORK OF STATIONS IN ROMANIA
Thursday, September 30, 2021
Enel X Romania, a subsidiary of Enel X, the Enel Group's advanced energy services business line, has signed an agreement with Power Electric to sell electric vehicle charging stations, the company informs in a press release sent to ACTMedia.. It is the first partnership of this kind signed by Enel X Romania to expand the client portfolio and accelerate the ...
EBRD launches Energy Compact for its urban sustainability programme
Thursday, September 23, 2021
EBRD launches Energy Compact, supporting bringing green and reliable energy to cities EBRD Green Cities Compact applies in 49 cities in flagship urban sustainability programme Compact raises EBRD’s ambition in line with SDG 7 and Paris Agreement on climate ...
Republic of Moldova – Gas price for the population could increase by 35%
Thursday, September 23, 2021
Moldovagaz, together with representatives of the Ministry of Economy and Infrastructure of the Republic of Moldova, is in the final stages of negotiations with Gazprom for the extension of the natural gas import contract and the establishment of the price level. A Moldovagaz official told TV6 that he expects the company to ask the regulator (ANRE) to increase the average tariff for final consumers by about 35%. The ...
VELUX Group and Schneider Electric Extended Partnership to Accelerate Lifetime Carbon Neutral Commitment
Thursday, September 23, 2021
The VELUX Group, the world leader in roof windows and skylights, ...
Transelectrica halves profit expectations amid high electricity prices
Thursday, September 23, 2021
Transelectrica cut the profit forecast for this year to RON 41 mln (EUR 8 mln) down from RON 91 mln projected initially, pointing to the high electricity price among others for the ...
Moldova hopes for Romanian natural gas as of October
Thursday, September 23, 2021
The minister of infrastructure and regional development of Moldova, Andrei Spanu, stated for TVR Moldova that, starting this October, the natural gas deliveries from Romania through the Iasi-Ungheni-Chisinau gas pipeline will be technically possible. "We need to liberalize the gas market so that we do not talk about dependence or independence, but about where we can buy gas at the best price," he said, according ...
CE Oltenia gets record prices on forward market
Thursday, September 23, 2021
The coal-fired power plant CE Oltenia auctioned forward electricity contract with delivery in Q1 next year for RON 600 (EUR 120) per MWh, but the electricity subsidiaries of Enel utility group had to offer up to RON 830 (EUR 166) per MWh to make sure they ...