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Energy & Environment
Transgaz net profit up 97pct, in 2022
Thursday, March 2, 2023
The National Gas Transmission Company 'TRANSGAZ' S.A obtained a net profit of 368.689 million lei, increasing by 97pct compared to the one registered in 2021, which stood at 186.941 million lei, according to the preliminary individual financial statements on 31 December 2022, published on Tuesday on the website of the Bucharest Stock Exchange (BVB).The preliminary gross profit on 31 December 2022 is 84pct higher, i.e. 201.258 million lei higher than the level ...
Transelectrica posts 529 M RON in net profit in 2022
Thursday, March 2, 2023
Transelectrica National Electric Energy Transport Company recorded a net profit of 529.16 million RON in 2022, a significant increase compared to the previous year, of 0.45 million RON, according to the preliminary unaudited financial data of the company, submitted on Monday, to the Bucharest Stock Exchange."The preliminary net result at the end of 2022 shows growth compared to the previous year both against the background of the increase in the unit price ...
CTP and Enel X install 1.5 MW photovoltaic power station at CTPark Bucharest industrial park
Thursday, March 2, 2023
CTP, the largest owner and developer of industrial and logistics space in Romania, is continuing to invest in green energy through the installation of a 1.5 MW photovoltaic power station at ...
Nuclearelectrica closes 2022 with over 2.7 billion RON in net profit
Thursday, March 2, 2023
Nuclearelectrica recorded in 2022 a net profit of 2.73 billion RON, up by 163.4 pct compared to the same period of the previous year, according to preliminary data sent on Friday to the Bucharest Stock Exchange.Total revenues amounted in the period mentioned to RON 6.366 billion (RON 3.11 billion in 2021) and EBITDA (profit before interest, taxes, depreciation and depreciation) to RON 3.547 billion (plus 103.6 pct).The energy production delivered in ...
Until 2026 there are contracts for connection on the part of wind energy for 3,000 MW
Thursday, February 23, 2023
The grid connection contracts are aimed, by 2025, at wind energy projects of about 3,000 MW, said Adrian Borotea, vice-president of the Romanian renewable Energy Association (RWEA), at a specialized conference.He said that out of these connection contracts, over 80% have the chance to be turned in to ...
The companies in the sector of renewables require the elimination of legislative barriers which stop Romania from becoming an energy exporter
Thursday, February 23, 2023
The association of companies in the sector of renewable energy require, in one voice, the elimination of legislative barriers which stop Romania from becoming an energy exporter, according to a press release sent on Tuesday. ‘RPIA (the association of photovoltaic industry in Romania), RWEA (the ...
American Fluor Corporation, interested in getting involved in project of energy transmission cable on Tuzla-Podisor route
Thursday, February 23, 2023
The representatives of the American Fluor Corporation are interested in getting involved in the project of the electricity transmission cable on the Tuzla - Podisor route, then on the corridor of the BRUA gas pipeline, announced minister of Energy Virgil Popescu.The Minister of Energy and the general director of Nuclearelectrica, Cosmin Ghita, met on Wednesday with the representatives of the American company Fluor Corporation to discuss the latest ...
Romgaz's Popescu: Estimated cost of Neptun Deep project, up to 4 billion euro
Thursday, February 23, 2023
The Neptun Deep project in the Black Sea is on the last stretch before the start of works, and the cost estimated together with the OMV Petrom operator is currently up to four billion euros, Romgaz CEO Razvan Popescu told a specialist conference on Tuesday."The project in the Black Sea is really on the last stretch before the works start. We are in the process of procurement, the last offers are being made, in order to start it. The operator, as far as I know, ...
ANRE approves payment of over 12.7 billion RON to energy suppliers
Thursday, February 23, 2023
Romanian Energy Regulatory Authority (ANRE) verified and sent for settlement from the state budget, for energy suppliers, according to OUG 118/2021 and OUG 27/2022, an amount of 12.7 billion RON, an increase of over 500 million RON compared to the previous week, ANRE informs in a press release."The total amount sent for settlement based on Government Emergency Ordinances no. 118/2021 and no. 27/2022 increased by 521,887,203.05 RON compared to the information ...
Enel X Romania engaged to build over 40 photovoltaic power plants for business clients in 2022
Thursday, February 23, 2023
Energy solutions provider Enel X Romania was the business clients' choice for the construction of over 40 photovoltaic power plants in 2022, almost double the number of the previous year, and which will generate almost 30,000 MWh a year, the company said in a release.According to the cited source, the photovoltaic plants have a total capacity of over 26 MWp, and the investment in such solutions has an average recovery period of about 5 ...
EnerMin Popescu: In context of hybrid war started by Russia, Romania took measures to secure itself energywise
Thursday, February 23, 2023
Romania has taken measures to secure itself energywise, in the context of the hybrid war started by Russia, but it has also come up with protection solutions for the European Union, stated the Minister of Energy, Virgil Popescu."In the context of the hybrid war started by Russia, Romania took measures to secure itself energywise, but also came up with protection solutions for the European Union. In this sense, we signed an agreement with Georgia, Hungary and ...
The taxes paid by OMV Petrom ensured 7% of Romania’s tax revenues in 2022
Thursday, February 23, 2023
OMV Petrom contributed in 2022 to the state budget of Romania with almost 20 billion lei, approximately the double against 2021 and ensured 7% of the fiscal revenues to the consolidated state budget of Romania, according to a press release of the company. Taxes, duties and direct and indirect contributions amounted to over 19 billion lei, while the basic and special dividends amounted to about 1 billion ...
Construction of largest photovoltaic park in Europe, investment worth 800 million euros, to begin this summer
Thursday, February 23, 2023
The construction of the largest photovoltaic park in Europe, an investment worth 800 million euros, will begin this summer, in the Pilu - Graniceri area, western Arad County, with the project to be accompanied by a second investment, of approximately 200 million euros, in an energy storage unit, also the largest on the continent.The mayor of Graniceri commune, Petru Claudiu Batrinut, told ...
Kazakh nationals from former Rompetrol leadership, sent to trial
Thursday, February 23, 2023
The Directorate for Investigating Organized Crime and Terrorism (DIICOT) prosecutors sent to trial two Romanian nationals and two Kazakh nationals, who held management positions in the Rompetrol company, for the crime of tax evasion.According to the court portal, they are Dmitriy Grigoryev (former vice-president and Chief Financial Officer of Rompetrol Group), Zhakenov Askar (former Chief Information Officer of Rompetrol Group), Vitalie Burca and Ovidiu ...
Minister Popescu: Romania has a viable gas transmission infrastructure that can contribute to regional energy security
Thursday, February 16, 2023
Romania has an operational and viable infrastructure of gas transport which could contribute to the regional energy security, already functioning like an important regional hub of gas supply, stated the minister of energy, Virgil Popescu, who too part on Wednesday in the ministerial Reunion of the International Agency for Energy (IAE) regarding the gas markets and the supply ...
ANRE: The number of prosumers connected to the distribution network reached 40,171 on January 1
Thursday, February 16, 2023
The number of prosumers owners of an electricity production capacity from renewable sources of 423 MW total installed power connected to the distribution network was on 1st January 2023 40,171, show the centralized data by the National Authority of Regulation in the domain of energy (ANRE). According to a press release of the institution, an analysis of the evolution of the number of prosumers shows an increase of three times of the prosumers at the end of ...
Erste provides financing for Enery’s 81-MW Romanian renewables buy
Thursday, February 16, 2023
Austria’s Erste Group Bank AG (VIE:EBS) on Wednesday said it has arranged financing for compatriot Enery Power Holding’s acquisition of an 81-MW renewable energy portfolio in Romania, https://renewablesnow.com/ reads. Enery completed ...
Commission sets rules for renewable hydrogen
Thursday, February 16, 2023
Today, 13 February, the Commission proposed detailed rules to define what renewable hydrogen means in the EU by adopting two necessary delegated acts under the Renewable Energy Directive, a statement said. These acts ...
Natural gas transport pipeline for supply of CET Midia, project of national importance
Thursday, February 16, 2023
The Government adopted on Wednesday, at the proposal of the ministry of Energy, the Decision on declaring the investment project "Natural gas transport pipeline for the supply of CET Mintia" a project of national importance in the field of natural gas.At the same time, the Ministry of Energy was designated as the competent authority responsible for facilitating and coordinating the authorization procedure for this important investment project, reads a press release of the ...
Romania needs improved, predictable energy legislation in order to attract investors
Thursday, February 16, 2023
In order to attract investors Romania must improve its energy legislation which should no longer be subjected to frequent changes, Adrian Borotea, vice-president of the Romanian Wind Energy Association (RWEA) on Tuesday told the online debate "Wind energy, part of Romania's clean energy mix" organized by the Smart Energy Association.Borotea emphasized that last year at least seven legislative changes were operated in the area of energy overall and as regards renewable energy in ...