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Energy & Environment

Romania's Nuclearelectrica extends talks with China's CGN for new Cernavoda NPP units

Thursday, October 20, 2016

Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said on Tuesday it extended negotiations with China General Nuclear Power Corporation (CGN) for the construction of reactors 3 and 4 until December 20, seenews.com reports. If an agreement is not reached by the new deadline, each party will be able to cease the memorandum of understanding relating to the project, the company said in a statement filed ...

Nuclearelectrica's Lulache says negotiations over nuclear units 3, 4 have reached finish line

Thursday, October 20, 2016

Negotiations with China's CGN over the construction of units 3 and 4 at the Cernavoda nuclear-power plant have reached the finish line, and among the unsettled aspects is the role of the Romanian Government in the project, Director General of Nuclearelectrica, Romania's national nuclear power operator, Danilea Lulache told Agerpres on Wednesday. "We are on ...

Canada's Euro Sun Mining wins new prospecting permit in Romania

Thursday, October 20, 2016

Canadian exploration and development company Euro Sun, formerly known as Carpathian Gold, said on Wednesday it has been granted a new prospecting permit in west-central Romania, seenews.com reports. The permit, issued by Romania's National Agency for Mineral Resources, ANRM, is for the Stanija area, located about 3 km east of the company's Rovina Valley existing mining perimeter. "The Stanija property covers 42 square km in the ...

Romania's net coal production over the first eight months of 2016 , down 11.5 percent

Thursday, October 20, 2016

Romania's net coal production over the first eight months of 2016 amounted to 2.652 million tonnes of oil equivalent (toe), down 11.5 percent (345,500 toe) from the same period of 2015, according to data with the National Institute of Statistics ...

The Board of Directors Approved MOL’s New Long-Term Strategy

Thursday, October 20, 2016

MOL’s Board of Directors formally approved the company’s new long-term strategy, “MOL Group 2030”, at its meeting held on 13th October 2016, the company says în a statement sent to ACTMedia last Friday. The key pillars of the new strategy are the following: Strengthen and sustain MOL’s regional leadership position in CEE. MOL Group shall sustain its regional leadership in its core ...

Reuters: OMV sells 19 oil fields in Romania to Mazarine Energy

Thursday, October 20, 2016

Austria-based oil and gas company OMV has agreed to sell to Mazarine Energy, an oil and gas production and exploration company backed by private equity fund Carlyle Group, 19 onshore oil fields in Romania for an undisclosed purchase price, the companies said in a statement quoted by Reuters. ** The transaction is expected to complete in late Q4 2016 when Mazarine Energy Romania will assume operatorship of the fields and take on over 200 staff currently ...

Romania's Hidroelectrica 9-mo gross profit rises 30% y/y

Thursday, October 20, 2016

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Romanian hydropower producer Hidroelectrica said on Thursday its gross profit rose 30% year-on-year in the first nine months of 2016, reaching 1.13 billion lei ($276 million/ 251 million euro), seenews.com informs. In September alone, Hidroelectrica posted a 93 million lei gross profit, double compared to the same period in 2015, the company said in a press release. During the January-September period, Hidroelectrica ...

ETS emissions fall as EU cuts surplus carbon quotas

Thursday, October 20, 2016

Greenhouse gas emissions from the main sectors covered by the European carbon market fell between 2014 and 2015, according to the European Environment Agency (EEA), EurActiv’s partner Journal de l’Environnement reports. The EEA’s latest report contains encouraging news. According to the ...

Romania can contribute to the creation of the new European legal framework for renewable energy

Thursday, October 13, 2016

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Romania got experience in the area of renewable energy and thus can contribute to the creation of the new European legal framework for 2030 stated the state secretary in the ministry of energy Corina Popescu. According to a press release of the Internnational Agency for Renewable energy (IRENA) IRENA and the Romanian ministry for energy organised on Friday in Bucharest a workshop on the issue of development of the renewable sector in the ...

Additional 20 million lei for the Green House programme for individuals

Thursday, October 13, 2016

The Ministry of the Environment, Waters and Forestry (MMAP) has provided an additional 20 million lei for the Green House programme for individuals, which enlarges the base of beneficiaries to include 3,000 potential new applicants, MMAP said Wednesday. The ...

The state collected in September over 15.2 million euro out of the certificates for greenhouse gas emissions

Thursday, October 13, 2016

The state collected in September over 15.2 million euro following the trading on the bidding platform of the European Union of the certificates for greenhouse gas emissions belonging to the stationary installations and the aviation sector according to a document published on the site of the ministry of public finances (MFP). According to the quoted source there were traded over 3.6 million certificates belonging to the stationary installations worth almost 15.2 million euro. ...

PRIMARY ENERGY RESOURCES DECREASED BY 0.9%  DURING 1.I-31.VIII.2016 

Thursday, October 13, 2016

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- During  1.I-31.VIII.2016,  primary energy  resources  decreased  by 0.9%,  while  those  of electricity  ...

Price of natural gas for the population won't increase in 2017

Thursday, October 13, 2016

The price of natural gas from domestic production and the price of imported gas will converge on 1 April 2017, therefore the rates payed by the population won't increase, Vice President of the National Regulatory Authority for Energy (ANRE) Emil Calota said on ...

National electricity consumption goes up 4.3 percent in first eight months

Thursday, October 13, 2016

The final consumption of electricity in the first eight months of this year stood at 36.51 billion KWh, up 4.3 percent from the similar period of 2015, according to a National Institute of Statistics (INS)  The highest increase, 5.3 percent, was recorded in the industrial sector. The population consumption went up 1.1 percent, while public lighting witnessed a 1.3 percent ...

Bulgaria's Competition Watchdog Files Price-Fixing Claim against 6 Fuel Companies

Thursday, October 13, 2016

The Competition Protection Commission of Bulgaria (CPC) has accused six petrol and diesel retailers of forming a cartel in the fuels market, nivinite.com reads.The companies concerned are Lukoil Bulgaria EOOD, Eko Bulgaria EAD, Shell Bulgaria EAD, OMV Bulgaria OOD, Nis Petrol EOOD, and Petrol AD.All of them are accused of breaching Article 15 of the Law on Protection of Competitionand Article 101 of ...

Oil Terminal to raise capital over 5 times to 71 mln. Euro

Thursday, October 13, 2016

Oil Terminal majority shareholders representing almost 78% of equity decided yesterday to increase the share capital from nearly 58.2 million lei (about 13 million), to about 319.2 million lei (about 71 millions euros), according to a report consulted by energynomics.ro. Therefore, the decison of the general shareholders‘ meeting (GSM) was to increase the capital “to the maximum of 319,236,363.8 lei via ...

EU rules out ‘harmonisation’ of renewable energy support

Thursday, October 13, 2016

The “active participation” of citizens and local communities in the supply and demand of electricity will be “the leitmotiv” of new energy proposals the European Commission is preparing for the end of the year, according to a senior EU official who ruled out harmonisation of national support schemes for renewables at this stage, EurActiv.com reads. As the European Commission prepares a much-awaited update of its renewable energy ...

EC notified that the state aid offered to Transgaz for the pipeline Iasi-Ungheni observes the legislation

Thursday, October 6, 2016

The European Commission analysed the state aid offered by Romania to the Transgaz company for the construction of the pipeline between Iasi and Ungheni and noticed that the legislation in the domain was observed stated the chairman of the Council of Competition Bogdan Chiritoiu. In 2015, Transgaz received a state aid of 81 million lei for the pipeline Iasi-Ungheni project financed through the programme for transborderly cooperation Romania- the ...

The production of electricity and thermal energy will cost 2.3 billion lei this winter

Thursday, October 6, 2016

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The necessary costs for the acquisition of fuel for the thermal and electrical energy in the cold weather will reach 2.322 billion lei according to the project regarding the winter programme in the domain of energy for the stable and safe functioning of the National Electroenergy System between 1October 2016 – 31 March 2017 made by the ministry of energy. Out of the total at national level, 1.886 billion lei represent the costs for the ...

Bulgaria’s Trace Group Hold signs cooperation agreement with Romania's Energex Expert

Thursday, October 6, 2016

Bulgarian construction company Trace Group Hold [BUL:T57] said on Wednesday it has signed a cooperation agreement with Romanian engineering company Energex Expert, seenews.com reports. The agreement aims to position Trace Group Hold on the Romanian construction market, particularly in the area of public procurement projects, Trace Group Hold said in a bourse filing. Under the agreement, Energex commits to support Trace Group's ...

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