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Energy & Environment
EnergMin Popescu after working meeting with Rompetrol: There are no problems with fuel stockpiles
Thursday, August 12, 2021
Energy Minister Virgil Popescu said on Thursday that there are no problems with fuel stockpiles, after a working meeting with representatives of the Rompetrol company.OMV Petrom increased its diesel production and tripled its kerosene production to cover the market deficit after the closure of the Petromidia Refinery. The Petromidia Refinery, the largest in Romania, has been closed for almost a month, following an explosion."There are no problems ...
BRUA gas pipeline project phase 1 completed with 21 pct economy over value auctioned
Thursday, August 5, 2021
The project of the BRUA gas pipeline, the first phase, concluded at the value of 377.4 million euro, 21 pct, or 101.1 million euro, more economical than the value at auction, according to a release of Transgaz sent on Wednesday to the Bucharest Stock Exchange (BVB)."The 'Development on Romanian territory of the National System for Natural Gas Transport on the Bulgaria-Romania-Hungary-Austria' project (BRUA project - phase 1) was completed on November 30, 2020 and ...
Rovina gold mining project in Romania close to getting final permits
Thursday, August 5, 2021
The operator of the gold project Rovina in central Romania, the Canadian company Euro Sun Mining (formerly Carpathian Gold), announces that it is still waiting for the construction permit to go ahead with the planned USD 400 mln ...
ENEL X ROMANIA BUILDS TWO PHOTOVOLTAIC POWER PLANTS WITH A TOTAL CAPACITY OF 2 MW, FOR NIMET
Thursday, August 5, 2021
Enel X Romania, part of Enel X, the advanced energy services division of the Enel Group, is building two photovoltaic power plants with a total installed capacity of about 2 MWp, for Nimet Targoviste, chromed steel bars and pipes producer, the company informs. The project has a value of about 1.5 million euros and involves the turnkey delivery of two systems that integrate over 4,100 ...
MET Group acquires a second wind park in Bulgaria
Thursday, August 5, 2021
Swiss-based energy company MET Group has acquired a 100% stake in a 60-megawatt wind park in Bulgaria, after signing a share purchase agreement with Spanish Grupo Enhol. The transaction is an important step in achieving MET’s renewables growth targets in the CEE region of 500 MW in operation by 2023 – with this acquisition MET will expand its operating wind portfolio in Bulgaria to 102 MW. Romania is another important market where the company is looking for ...
Volker Raffel is the new CEO of E.ON Romania
Thursday, August 5, 2021
Volker Raffel is the new CEO of the E.ON Romania Group starting with August 1, taking over the attributions from Manfred Paasch, who retired from the position he held for almost two years. From the same date, Mirko Strube became CFO of the group, and Dragos ...
Bodea (CRE): Energy will become an increasingly expensive product
Thursday, August 5, 2021
According to Corneliu Bodea, chairman of the Romanian Energy Centre (CRE) and CEO of Adrem , energy in general will continue to become an increasingly expensive product because we must begin to own its unsustainable use in the last 50-60 years."We've been talking so much about resilience in recent years, and I think that's good, because we're living times of development that are coming at us with a surplus of instability and difficult prediction. In such ...
Coal production dropped 25.7pct in first half of 2021
Thursday, August 5, 2021
Romania's net coal production totaled 1.287 million tonnes of oil equivalent in the first half of this year, up 25.7pct (263,000 toe), higher than in the same period last year, according to data centralized by the National Institute of Statistics (INS).Romania imported 161,600 toe of net coal in the reference period, with 14,500 toe (9.9pct) more than the quantity imported in the similar period of the previous year.The National Commission for ...
IFC Supports Climate Finance In Romania And Serbia To Drive Sustainable Growth
Thursday, August 5, 2021
IFC invested €42.5 million in a €500 million green bond issued by CTP N.V. (CTP), a sustainable European industrial and logistics property owner-developer. The green bond was issued under CTP’s €4 billion Euro Medium Term Note program and listed on the Euronext stock exchange in Dublin to fund green assets that promote a low-carbon and climate-resilient growth model. Developing ...
Gov’t reconsiders abandoned 1GW pumped hydropower project Tarnita
Thursday, August 5, 2021
Government is reportedly discussing with four South Korean companies about reviving the 1GW pumped hydropower project at Tantita-Lapustesti. The project was abandoned a couple of years ago as not financially viable but sketched as desirable in the latest version of the national energy strategy draft. The project is estimated to cost around EUR 1 ...
Electrica pays EUR 13.2 mln for three wind park projects
Thursday, August 5, 2021
Romanian electricity group Electrica, with a focus on electricity supply and distribution, announced that it signed, as buyer three shares sales and purchase agreements for three wind farms from the Romanian-Swedish businessmen Emanuel Muntmark and Catalin Mrejeru, for a total price of EUR 13.2 mln. The farms have a planned installed capacity of 207MW. One of the farms has a storage capacity ...
Cristina Pruna: Offshore wind investments, dependent on unblocking the legislation
Thursday, August 5, 2021
Offshore wind investments represent a strategic way for Romania to reach its future targets for renewables, but, unfortunately, they remain blocked by several administrative aspects, USR (ruling party) deputy Cristina Pruna told Energynomics. Thus, “the first step towards unblocking investments is the elaboration by the government of the Maritime Spatial Planning Plan, which is also a European ...
The European Commission closed the investigation regarding the possible set up of a cartel between Transgaz and other companies
Thursday, July 29, 2021
The European Commission announced that they closed the investigation started in 2017 which regarded the possible establishment of a cartel between Transgaz and other companies in the domain of natural gas with the purpose of dividing the market, informs the natural gas transporter in a report sent to the Stock Exchange Bucharest on Tuesday.‘The National Society for Natural Gas Transport ‘ Transgaz’ SA informs on the fact that, starting with ...
OMV Petrom posts rising net profit by 13%, to 980 million RON, after H1
Thursday, July 29, 2021
OMV Petrom has ended its first semeter of this year with a net profit of 980 million RON, rising by 13% in comparison with the similar period of last year, according to the data sent on Wednesday by the Bucharest Stock Exchange (BVB).The income value of consolidated sales, worth 10.126 billion RON, has gone up slightly, by 1%, in comparison with the period of January - June 2020, mainly due to the better market prices for oil and electricity products, ...
E-DISTRIBUTIE DOBROGEA INVESTS 1 MILLION LEI IN THE EXTENSION OF THE ELECTRICITY GRID IN NAVODARI
Thursday, July 29, 2021
The residents of the Midia Sat neighborhood in Navodari will benefit from over 4.4 new kilometers of electricity grid, the medium and low voltage lines being placed exclusively underground. This year, ...
Romania's crude oil import goes up by 30.5% during first 5 months of 2021
Thursday, July 29, 2021
Romania has imported, during the first 5 months of 2021, a quantity of 3.383 million tons of crude oil, tons of oil equivalent (toe) by 791,400 tep (30.5%) larger than the amount imported during the similar period of 2020, according to the centralized data from the National Institute of Statistics (INS).Crude oil production has totalled 1.304 million toe, being 5.5% (76,600 toe) smaller than the previous year.According to the estimates of the ...
Salrom ponders mining for graphite
Thursday, July 29, 2021
Romanian state-controlled company Salrom, controlled by the Government through the Ministry of Economy, launches in the electronic public procurement system a tender for the purchase of a feasibility study for the exploitation of graphite resources, according to documents consulted ...
ENEL X AND HUBJECT SET UP PARTNERSHIP TO EXPAND THE CHARGING POINT NETWORK IN ROMANIA
Thursday, July 29, 2021
Over 160 Enel X Romania charging points will become part of Europe's largest eRoaming network intercharge, raising interoperability and accessibility for EV drivers in Central and Eastern Europe Enel X Romania, a subsidiary of Enel X, the Enel Group’s advanced energy services business line, has signed an agreement with Hubject to expand the charging infrastructure ...
Romania’s natural gas distribution network has increased 4 times in 30 years
Thursday, July 29, 2021
Romania’s natural gas distribution network has increased 4 times in the last three decades, from 10,772 kilometers in 1990 to 43,563 kilometers in 2020, according to data synthesized by the National Institute of Statistics (INS). The average annual growth rate is 4.8%, with the highest advances over the previous year recorded in 1995 (11.58%) and 1994 (11.19%). The pace has slowed since 2005, with ...
E.ON has installed a photovoltaic power plant for Wetterbest
Thursday, July 29, 2021
E.ON Energie Romania and Wetterbest, one of the main manufacturers of roofing systems, have completed a project worth over 245,000 euro through which a photovoltaic power plant was built that provides green energy to the Prahova company. Completed in less than a month from the start of the works, the solar photovoltaic installation generates 269.78 MWh, ensuring a reduction of up to 33.09% of energy ...