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Energy & Environment

EBRD loan of 206 mln lei for energy efficiency investments in Romanian residential sector

Thursday, January 4, 2018

The European Bank for Reconstruction and Development (EBRD) continues the investments' development of energy efficiency in Romania's residential sector by granting a 206 million lei loan (the equivalent of 45 million euro) to UniCredit Bank, reads a press release .According to the release, the funds' beneficiaries of the new credit line can be individuals, household owners who wish to invest in improving the energy footprint of their houses."The ...

Issues of major importance for the future of the Romanian energy industry

Thursday, January 4, 2018

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The rethinking of the regulatory framework in the entire energy and mineral resources field is in process of redefinition, with a potential major impact on the level of the companies’ business strategies, as well as on the Romanian strategy for energy security, energynomics.ro informs. The debates around the Draft Law regarding the approval of the Government Emergency Ordinance no. 64/2016 for the amendment of Law no. 123/2012 on electric power ...

Energy efficient buildings – Presidency secures provisional deal with European Parliament

Thursday, January 4, 2018

On 19 December, the Estonian presidency reached a provisional agreement with the European Parliament on a revised directive on the energy performance of buildings. The outcome of the trilogue will be presented to EU ambassadors tomorrow, with the final analysis and approval of the agreement expected to take place at the beginning of next year. The ...

OMV Petrom invested 130 million euro in two new units for the treatment of gas

Thursday, December 21, 2017

OMV Petrom finalised the construction works for two units for the treatment of gas, placed next to the area of important production, the two drafts needing investments of over 130 million euro starting with 2013, announced the company. The investment will allow delivery of gas in the national grid of transport, at pressures up to 40 bars. Through the two units almost 7.5% of the gas production of OMV Petrom in Romania will be ...

EBRD, EIB, EU, World Bank finance Moldova-Romania power link with 270 mln euro

Thursday, December 21, 2017

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The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), European Union (EU) and the World Bank are providing a 270 million euro ($320 million) package to finance a permanent interconnection between the electrical networks of Moldova and Romania, seenews.com reads. This interconnection is of critical importance for the diversification of Moldova’s electricity resources, the EBRD said in ...

E-DISTRIBUTIE BANAT PUT INTO FUNCTION MAJOR INVESTMENT PROJECTS THIS YEAR, WORTH APPROX. 20 MILLION LEI

Thursday, December 21, 2017

E-Distributie Banat put into function investment projects of approximately 20.7 million lei (approx. 4.5 million euros) in 2017, consisting of modernisation works at the high voltage networks and equipment in the area where the company operates, improving the quality of the electricity distribution services for more than 46,000 consumers, a statement sent to ACTMedia reads. Thus, in 2017, the ...

OMV interested in the project ‘Neptun’ in the Black Sea

Thursday, December 21, 2017

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OMV will discuss with the American partner Exxon about the project ‘Neptun’ of the Black Sea so that in 2018 the final decision for investment be taken and this is included in the calendar, stated on Wednesday the general manager of OMV Rainer Seele at a meeting with the  journalists, APA says.According to Rainer Seele, the ‘Neptun’ project is very important for OMV Petrom as it will improve the stocks and will increase the natural gas ...

ArcelorMittal Galati challenges the auction for BRHA pipeline – it would be a shame to built it with Chinese steel

Thursday, December 21, 2017

ArcelorMittal GalaTi has challenged in court the auction to decide the Bulgaria-Romania-Hungary-Austria (BRHA) gas pipeline, after being eliminated due to the lack of a document, the steel plant’s Director General, Bruno Robi, has said quoted by romaniajournal.ro. He said the plant still hopes to take part to the project. “A document has been missing, we didn’t realise and we had no more time to submit it. It’s a formal ...

Romgaz to dismiss Director General Virgil Metea for damages worth RON 160m

Thursday, December 21, 2017

The Romgaz Board has decided on Thursday to dismiss Virgil Metea from the position of Director General, romaniajournal.ro informs. His office will be taken over by Emil Cindrea, former Deputy Director General, one of the persons prosecuted by the Directorate for the Investigation of Organized Crime and Terrorism (DIICOT) in the file of ‘cheap gas for InterAgro’, hotnews.ro informs. According to sources, Metea is responsible for damages to ...

Worth EUR 50 million is going to be granted to Transgaz on behalf of the European Investment Bank (EIB)

Thursday, December 21, 2017

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 A first loan in lei (Romania's national currency, ed. n.) worth EUR 50 million is going to be granted to Transgaz on behalf of the European Investment Bank (EIB) on Thursday announced the bank, in a press release. The EIB funds will finance the construction of a new European natural gas transport corridor (BRUA) so to increase the gas supply security and cut the energy dependence, by diversifying the sources and the supply routes. It is ...

EU deal sets off race to renovate Europe’s building stock

Thursday, December 21, 2017

After a third round of talks, EU lawmakers reached an agreement Tuesday (19 December) on the revised Energy Performance of Buildings Directive (EPBD), firing the starting gun to renovate Europe’s entire building stock by 2050 so that it becomes “nearly zero emissions”, euractiv.com informs. Central to the agreement are long-term renovation strategies that all EU countries will be required to put in ...

The ministry of energy: the incident in Austria will not be felt on the Romanian energy market

Thursday, December 14, 2017

Minister of energy Toma Petcu had a meeting on Wednesday with  the main operators in the domain of production, storage and distribution of natural gas, following which he announced that the companies in the sector of natural gas are ready to ensure the consumption during the winter celebrations. Similarly, during the meeting, the minister of energy brought into discussion the incident produced on Tuesday at the natural gas terminal in Baumgarten ...

The Electrica group distributed last year 40% of the electricity at national level

Thursday, December 14, 2017

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The Electrica group, leader in the distribution and supply of electricity in Romania announced that they distributed 40% of the electricity at national level and supplied energy to 3.6 million consumers, over 55% of the electricity supplied by the company to the clients on the competition market coming from renewable sources. The group  launched the report of sustainability for 2016, thus making the first  non-financial report of the company, ...

Petrotel Ploiesti refinery will pay Conpet 69.12 million lei for the transport of oil in 2018

Thursday, December 14, 2017

The refinery Petrotel Ploiesti of the Russian group Lukoil  signed a contract worth 69.12 million lei with the national oil transporter Conpet for the transport of oil in 2018, according to a press release issued on Friday to the Stock Exchange Bucuresti (BVB). The deadline for payment is 15 days since the reception of the voucher. The delay penalties mentioned in the contract are 0.04% per day. Over the first nine months ...

Romelectro won contracts of over 20 million euro with Transelectrica and Hidroelectrica

Thursday, December 14, 2017

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The Romelectro company,the biggest contractor of energy projects in Romania is going to sign contracts cumulated of over 20 million euro with Transelectrica,for the electrical units in Focsani Sud, Bacau Sud and Roman Nord as well as with Hidroelectrica, for the modernisation of the Slatina hydropower station, announced Cristian Secosan, general manager of the Romelectro group, in a meeting with the press. For this year, the company estimates a ...

Renewable energy goal ‘not on the table’ at EU ministerial

Thursday, December 14, 2017

Energy ministers from the 28 EU member states are expected to steer clear of potentially divisive talks on the bloc’s renewable energy target for 2030 in order to agree a “general approach” when they meet in Brussels next Monday (18 December), euractiv.com reads. Estonia, the current holder of the EU’s six-month rotating presidency, said it did not expect an in-depth discussion on the proposed targets at next week’s Energy ...

E-DISTRIBUTIE MUNTENIA INVESTED 14.5 MILLION LEI FOR THE MODERNISATION OF THE COTROCENI PRIMARY STATION

Thursday, December 14, 2017

E-Distributie Muntenia invested approx. 14.5 million lei (3.15 million euros) for the first stages of the modernization of the Cotroceni primary station in Bucharest, a 3-year project which began in 2016, with a total investment value of 18 million lei. The modernisation works completed so far at the 110/10 kV station included the commissioning of the new high voltage equipment, with hybrid modules. On the medium voltage side, ...

Teodor Chirica, elected President of FORATOM

Thursday, December 14, 2017

ROMATOM’s honorary president, Teodor Chirica, has been elected president of the European Atomic Forum (FORATOM) on Tuesday, following the decision of the General Assembly of the Forum, ROMATOM informs. Since June 20, 2016, Teodor Chirica was FORATOM’s Vice-president, focus-energetic.ro reports. Since October 2017, Chirica had the position of nuclear power expert/adviser of the general manager with SN Nuclearelectrica ...

Electricity price for the household consumers will increase as of January 1, up by 13pc during peak periods

Thursday, December 14, 2017

The price of electricity for household consumers supplied by universal service will increase as of January 1, in the peak period (18:00h and 22:00h), the prices will be by 13% higher, the OPCOM website informs, romaniajournal.ro reads. The auctions for Q1 2018 on the Centralized Universal Service Market (PCSU) have been completed on Tuesday and OPCOM has published the final prices. Thus, for the energy supplied during ...

Final electricity consumption January through October this year, down 0.1%

Thursday, December 14, 2017

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Final electricity consumption January through October this year reached 45.271 billion kWh, down 0.1% from the same period last year, informs the National Institute of Statistics (INS), in a release on Tuesday. "The final electricity consumption reached 45271 billion kWh, by 01% less than in the same period of 2016; public lightning recorded a 6.8% drop and consumption of the population dropped 4.0 per cent. Exports of electricity reached 5471.4 million kWh, ...

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