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Energy & Environment

Hidroelectrica will be listed most probably în 2018

Thursday, October 26, 2017

Hydropower corporation Hidroelectrica will be listed most probably next year, as the project to this end is currently under public debate, Energy Minister Toma Petcu told a conference on major investments in Romania this Monday. "I think bringing back into ...

OMV and Gazprom want to move their transactions with Romanian gas to Vienna

Thursday, October 26, 2017

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The Vienna Stock Exchange has sent two letters to the Romanian authorities showing interest in becoming the trading platform for the Romanian gas, which would be advantageous for Gazprom and OMV, Iulian Iancu, head of the Committee for industry and services of the Deputies' Chamber explained at a specialist ...

Romanian authorities, in advanced talks with Israel Electric Co for upgrading some CET Mintia groups

Thursday, October 26, 2017

Israel Electric Corporation, the largest energy company in Israel, is interested in the retechnologisation of some groups of CET Mintia, belonging to the Hunedoara Energy Complex, Energy Minister, Toma Petcu announced in a press conference on Monday, hotnews.ro informs quoted by romaniajournal.ro. “We will complete this year at Paroseni a desulphurization plant and dense slurry for group 4, following an investment of EUR 65.3 million. At the ...

PM Tudose: Mintia thermal power plant is highly important for the safety of the national energy system

Thursday, October 26, 2017

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 Mintia thermal power plant within the Hunedoara Energy Complex (CEH) is highly important for the safety of the national energy system and all efforts are being made to help it become "an energy pearl" again, premier Mihai Tudose stated on Friday in ...

Juncker: No EU unity for Russia Nord Stream 2 talks

Thursday, October 26, 2017

The European Commission on Thursday (19 October) said that despite a lack of unity among member states over Russia’s plans for a new gas pipeline to Germany, it would press ahead to seek support for talks with Russia on its objections. Brussels, backed by some EU member states, is concerned the Nord Stream 2 pipeline across the Baltic Sea will increase the bloc’s reliance on Russian gas and cut gas transit revenues for Ukraine, damaging its ...

Enel opened its largest shop in Iasi, in the Palas Mall

Thursday, October 26, 2017

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· Customers in Iasi now have a new dedicated Enel point, the largest one in the city, where they can receive personalised offers · 900,000 customers have chosen the offers of the Enel supply companies on the free electricity and natural gas markets in Romania Enel opened in the Palas Mall complex its largest store in Iasi and ...

E-Distributie Dobrogea invests 12 million lei for the modernization of the Abator primary station in the city of Constanta

Thursday, October 26, 2017

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E-Distributie Dobrogea has begun an investment project worth approx. 12 million lei (approx. 2.6 million euros) in order to modernize the primary station (high/medium voltage) Abator in the city of Constanta, a press release sent to ACTmedia informs. The primary station 110/20/10 kV Abator was put in function in 1963 and provides electricity, via the medium and low ...

Romania: mining taxation system revised

Thursday, October 26, 2017

Background According to lexology.com, Romania’s current fiscal regime for exploitation of mineral and hydro-mineral resources was established in 2003 by the Mining Law no. 85/2003 (Mining Law) and subsequently updated several times (in 2007, 2009, 2013, 2014 and 2015). In a nutshell, Romania applies a system of royalties for mineral and hydro-mineral resources payable by the titleholders of mining ...

MOL SECURES ADDITIONAL LICENCES FOR ITS KEY STRATEGIC INVESTMENT INTO THE PROPYLENE OXIDE VALUE CHAIN

Thursday, October 19, 2017

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MOL Group has signed another contract with thyssenkrupp to produce polyether polyols and propylene glycol MOL Group has now secured all technology licenses and engineering resources for each production unit of the Polyol Project The Polyol Project will be the largest investment project of MOL Group in 2017-21 MOL will move ...

Parliament votes new ANRE leadership

Thursday, October 19, 2017

MPs have appointed a new management team at the helm of energy regulator ANRE. Dumitru Chirita (left of picture) was voted as the new president of the energy watchdog, while Nagy Bege Zoltan was named vice president, business-review.eu reports. Corneliu Sulgher and Gheorghe Gabriel Gheorghe will be the new members of the regulation committee of ANRE. All four have 5-year mandates. Chirita is replacing ...

Romania's Romgaz signs 103 mln lei (22.5 mln euro) deal with Transgaz

Thursday, October 19, 2017

Romanian natural gas producer Romgaz [BSE:SNG] said on Tuesday it has signed a 103.2 million lei ($26.5 million/22.5 million euro) one-year contract for gas transmission services with the country's Transgaz [BSE:TGN], seenews.com reports. The payment was made for services in the October 1, 2017-October 1, 2018 delivery period, Romgaz said in a statement filed with the Bucharest Stock Exchange, BVB. Romgaz's net profit surged ...

IAEA Mission Says Romania Strengthened Regulatory Safety Framework, Sees Areas for Enhancement

Thursday, October 19, 2017

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An International Atomic Energy Agency (IAEA) team of experts said Romania has significantly strengthened its regulatory framework for nuclear and radiation safety, including through approval of a National Strategy on Nuclear Safety and Security (NSNSS) and progress related to the management of radioactive waste and nuclear spent fuel, iaea.org informs. The team also made new recommendations for further improvement.  The Integrated Regulatory ...

The Romanian Energy Efficiency Forum 2017: Energy efficiency projects developed in Romania, favoured sectors and available financing solutions

Thursday, October 19, 2017

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 The Romanian Energy Efficiency Forum, the most important annual event dedicated to the development of sustainable energy programs, reached its fourth edition on Thursday, October 12. At the discussion table came key people in this sector, from Government representatives, specialists from project developers, large profile companies, and banks that can fund this sector. Organized by the Romanian Association for the Promotion of Energy Efficiency ...

Vast Resources posts record quarterly ore output at Romanian mine

Thursday, October 19, 2017

UK-based Vast Resources said on Monday that it has posted record ore output at its Manaila Polymetallic Mine in Romania in the third quarter of the year, seenews.com informs.  This result has been unsurpassed since commissioning of the mine by Vast in August 2015, the company said in a press release. In the July-September period, the quantity of ore mined at Manaila jumped by 46% on the quarter to 40,462 dry tonnes, while ...

 Havrilet: Romania does not have enough capacity for energy production

Thursday, October 19, 2017

Romania does not have enough electricity production capacities, so that when consumption increases, there are problems with ensuring the supply and security of the national energy system, romaniajournal.ro informs, Niculae Havrilet, President of the National Authority for Energy Regulation (ANRE), stated on Thursday at the hearings of the commission established to investigate the activity of the Authority. He was asked by the President of the Committee ...

Hravilet: EC warns Romania for blocking gas exports

Thursday, October 19, 2017

The European Commission sent the Romanian authorities a letter to warn that the infringement procedure against Romania for blocking gas exports could move to a new stage if Parliament approves the mandatory trading of 70 percent of gas volumes on the exchange, president of the National Energy Regulatory Authority (ANRE) Niculae Havrilet said on Thursday during hearings in the ...

Hydropower output dropped 27.3 percent in the first eight months of 2017

Thursday, October 12, 2017

Romania's hydropower output dropped 27.3 percent in the first eight months of this year to 10.19 billion kWh, while the output of thermal power plants advanced 12 percent to 18.46 billion kWh, and nuclear power output inched up 2.7 percent to 7.47 billion kWh, shows data released on Wednesday by the National Institute of Statistics ...

20 British nuclear companies chose Romania to promote their expertise in Central and Eastern Europe

Thursday, October 12, 2017

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A delegation composed of 20 nuclear companies participated in Bucharest at the largest promotional event organized by the British Department for International Trade outside the UK, energynomics.ro informs. Representatives of the British Nuclear Industry Association and of the British Nuclear Decommissioning Authority have presented collaborative opportunities argued by the long tradition of the companies from the Kingdom in the commercial exploitation of nuclear ...

SOCAR launches its 39th filling station in Romania

Thursday, October 12, 2017

The Eastern Europe bureau of Report News Agency was informed in the SOCAR Petroleum SA that this is the second filling station to be launched under SOCAR brand in Brasov city, one of the Romanian tourism centers, http://news.az/ informs.  Three ...

Canada's Euro Sun Mining gets $8.6 million financing for Romanian ops

Thursday, October 12, 2017

Canadian exploration and development company Euro Sun Mining said on Monday it has secured an $8.6 million (7.32 million euro) financing mainly for Romanian operations, seenews.com reads. Euro Sun closed a non-brokered private placement financing of 6,144,291 common shares at a price of $1.40 per share, it said in a press release. The company intends to use the funds for the advancement of its wholly-owned Rovina Valley project ...

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