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Energy & Environment
Germany says Ukraine must remain gas transit country after new pipeline
Thursday, June 10, 2021
Germany said Ukraine should remain a transit country for Russian gas, the Frankfurter Allgemeine newspaper reported, after President Vladimir Putin said it would depend on the former Soviet republic showing “goodwill” towards Moscow. Putin said on Friday that Ukraine’s role as a transit country was not assured once the Nord Stream 2 pipeline linking Russia and Germany was complete, according to ...
Russia says Nord Stream 2 testing work to start next week
Thursday, June 10, 2021
Testing work on Russia’s Nord Stream 2 gas pipeline to Germany will start next week, Alexander Drozdenko, governor of the Leningrad region where the pipeline starts, was cited as saying by the TASS news agency on 2 June, euractiv.com informs. The United States last month waived sanctions on the company behind the pipeline to Germany and its chief executive, a move decried by critics of the project in the US Congress, but welcomed this week by the ...
Klaus Iohannis has promulgated the decision regarding the system of own resources of the EU (EURATOM)
Thursday, June 3, 2021
The president of Romania, Klaus Iohannis, has signed on Friday,28th May 2021 the decree regarding the promulgation of the Law for the ratification of the Decision (EU,EURATOM)2020/2053 of the Council on 14th December 2020 regarding the system of own resources of the European Union and abrogation of the Decision 2014/335/EU, Euratom, adopted in Brussels (PL-x 98/16.02.2021).The new decision regarding the system of won resources of the EU (2020/2053) and ...
Hidroelectrica wants to add in the next years 300 MW in wind off-shore and 300 MW in wind on-shore
Thursday, June 3, 2021
Hidroelectrica, one of the biggest producers of energy in the country, wants to add 300 MW installed power in wind off-shore and 300 MW in wind on-shore as well as in production capacities for production of green hydrogen on the Danube, stated Bogdan Badea, the chairman of the leadership of Hidroelectrica. The minister of energy, Virgil Popescu, together with the state secretary George Niculescu ...
Delgaz Grid has modernised the transformation units in Gorban, Pascani and Hirlau, investment of 16.8 million lei
Thursday, June 3, 2021
Delgaz Grid, company member of the Group E.ON Romania announced on Friday that they finalised the modernisation of the transformation units Gorban, Pascani and Hirlau following an investment of 16.8 million lei from European Funds. The project was co-financed by the European Fund for Regional Development (FEDR) through POIM 2014 - 2020, Priority Axis 6: the promotion of clean energy and energetic ...
CE Oltenia ends 2020 with another EUR 180 mln losses
Thursday, June 3, 2021
Romanian coal and power group CE Oltenia, which is seeking to get the European Commission's consent for a EUR 3.5 bln state-backed program of converting to green resources, announced another RON 939 mln (over EUR 180 mln) losses for 2020 when its incomes shrank by one third (-32%) to RON 2 bln (EUR 400 mln). The company can secure only EUR 1.5 bln for the EUR 3.5 bln (with the rest of EUR 2 bln expected ...
Corina Popescu (Electrica) : Romania must take a quick decision regarding the end of coal
Thursday, June 3, 2021
Romania must take crucial decisions very quickly in the domain of energy, as well as the period when they stop using coal to produce energy, but they also need to make projects to strengthen the infrastructure which for years have been on paper only, said on Monday Corina Popescu, general manager of Electrica. She took part in the third edition of Atlantic –Black Sea Security Forum, organized by ...
OMV Petrom's Verchere: Black Sea natural gas development is four years overdue
Thursday, June 3, 2021
The Black Sea natural gas extraction project is four years late now, and Romania should amend its legislation so that other projects will not end up the same way, OMV Petrom CEO Christina Verchere said on Monday.She participated in the third edition of the Atlantic - Black Sea Security Forum organised by the Aspen Romania Institute in partnership with the Bucharest office of the German Marshall Fund of the US.Verchere indicated the European funds ...
Construction works for USD 148 mln power plant kick off on Petromidia platform
Thursday, June 3, 2021
The Kazakh-Romanian Energy Investment Fund (FIEKR) begins the construction of the cogeneration plant on the Petromidia platform, an investment of about USD 148 mln. Established in October 2018, FIEKR is owned by KMG International (the owner of Petromidia, Romania's biggest refinery) and the Romanian State through the Energy Participation Management Company - SAPE. The Fund was a way for KMG International to settle a debt ...
Govt. plans gas+H2 power plant in Constanta
Thursday, June 3, 2021
One of the projects included in the Resilience Plan (PNRR) is a power plant located in Constanta, on the Black Sea coast, that would burn natural gas in combination with 30% H2 generated from wind and solar production capacities that abound in that region of the country, announced the minister of energy Virgil Popescu. "It is a bigger, broader concept, the Green City concept, a concept through which we produce electricity and heat in cogeneration ...
Minister Ghinea signs three financing contracts to develop gas networks in Harghita and Covasna
Thursday, June 3, 2021
Cristian Ghinea, the minister of investments and European projects, signed contracts financing three projects for the development of natural gas networks in Harghita and Covasna counties, with am overall value of 144 million lei, the ministry informed on last Thursday. Ten local authority projects were approved in the Large Infrastructure Operational Program 2014-2020, by which 15,444 people will be ...
EU Cohesion policy: €216 million to modernise Bucharest's thermal energy transmission system
Thursday, June 3, 2021
The Commission has approved an investment of €216 million from the Cohesion Fund to modernise the thermal energy transmission system of Bucharest, the capital of Romania. ...
Homes of the future will have almost zero energy consumption. 4 steps for decarbonizing houses
Thursday, June 3, 2021
Daikin, the manufacturer of heating and cooling equipment with over 90 years of experience in the field, contributes to reducing carbon emissions in residential buildings, with the main goal of increasing the share of equipment using renewable energy for heating and cooling to 40% by 2030. In addition, decarbonisation of homes supports the European Union’s environmental impact reduction targets of at least 53% less net greenhouse gas emissions by 2030. In this context, ...
BSTDB funds energy efficiency upgrade of Romanian households
Thursday, May 27, 2021
The Black Sea Trade and Development Bank (BSTDB) is providing a loan of up to EUR 10 million to Garanti BBVA Consumer Finance, to finance energy improvements and resource efficiency of residential buildings in Romania. The three-year facility will be on-lent to Romanian homeowners to invest in upgrades that will reduce the high energy and water consumption, install renewable energy generation, and improve their waste ...
EY Study: Financial hurdles could be the biggest barrier to achieve net zero targets
Thursday, May 27, 2021
In 2020, global renewable energy capacity investments grew 2% to US$303.5b, the second-highest annual figure recorded to date despite the impact of the global COVID-19 pandemic. However, the 57th EY Renewable Energy Country Attractiveness Index (RECAI) ...
EnergMin, Hidroelectrica exec discuss developing green hydrogen production technologies
Thursday, May 27, 2021
Energy Minister Virgil Popescu visited on Friday the Lotru Ciunget Hydroelectric Power Plant in Valcea County, to discuss with President and CEO of Hidroelectrica Bogdan Badea the development of green hydrogen production technologies, according to a Hidroelectrica press statement.Also on Friday, Popescu called on the National Research and Development Institute for Cryogenic and Isotopic Technologies (ICSI) in Ramnicu Valcea, where he discussed a strategy to ...
ENGIE Romania buys operational photovoltaic park of 5.46 Mwp
Thursday, May 27, 2021
ENGIE Romania announced on Thursday the purchase of an operational photovoltaic park with an overall installed capacity of 5.46 MWp, from a company owned by two German investors. The company operates now 113 MW of renewable energy in wind and photovoltaic capacities. “The photovoltaic park is located in the south of Romania, at Nenciulesti, Teleorman county. It was commissioned in 2014 and had ...
Zhu Qiang, Huawei: Oil and gas industry needs digital transformation
Thursday, May 27, 2021
For Huawei, the oil and gas industry is one of the most important market segments, said Zhu Qiang, Senior Solution Manager Huawei EBG Global Energy Unit, at the ...
Future gas-fired power plants in Romania must also be able to use hydrogen
Thursday, May 27, 2021
Gas power plant projects for which European money is wanted must be able to use hydrogen as fuel, said Dan Dragan, secretary of state in the Ministry of Energy, according to e-nergia.ro. “I want to send a message – that all the gas power plants that will apply for financing in the next period must be prepared for the use of hydrogen mixed with methane gas. We want in Romania to have a ...
CIS GROUP enters the Republic of Moldova through CIS GAZ TRADING
Thursday, May 27, 2021
CIS GROUP, one of the most important players in the Romanian natural gas industry, is expanding its activity in the Republic of Moldova through subsidiary CIS GAZ TRADING, following obtaining the license to supply natural gas and electricity from the National Agency for Energy Regulation. In 2021, the CIS company holding celebrates 30 years since its establishment and it plans to reach 25% of its ...