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Energy & Environment

Nuclearelectrica, the first Romanian company to join the World Economic Forum

Thursday, October 21, 2021

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Romania's only nuclear energy producer, the National Company Nuclearelectrica SA (SNN), is the first Romanian company to join the World Economic Forum, SNN announced today in a statement to the Bucharest Stock Exchange.SNN will be a WEF member in two strategic areas, specifically the Platform for Shaping the Future of Energy, Materials and Infrastructure, and the Partnering Against Corruption Initiative, which support the company's strategic vision of ...

RO energy suppliers will be compensated for selling electricity, gas at capped prices

Thursday, October 21, 2021

The Romanian suppliers of electricity and natural gas will be compensated by the Government from a fund set up with this purpose for the losses incurred during delivering energy at capped prices - under a bill currently under debate in Parliament.   Under the regulations, the suppliers will be compensated for the differential between the average wholesale energy (electricity, natural gas) price and the capped ...

Dentons: Renewable energy projects are crucial to the sustainable energy transition

Thursday, October 21, 2021

A speaker at BR’s recent Environmental & Sustainability Summit, Elena Vlasceanu, Counsel, Energy Practice, at Dentons, sat down with Business Review for an exclusive post-event interview about the legal framework for green & renewable projects in the energy sector.   How big is the importance of green energy projects? Will we ever get to a green production of power (wind and solar) without using ...

Electrica pays EUR 35 mln for five PV parks with 31 MWp installed capacity

Thursday, October 21, 2021

BVB electricity supply and distribution group Electrica (EL) will buy five companies that own and operate photovoltaic power plants for EUR 35 mln (subject to adjustments). The sellers are two companies, MT Project and HiTech Solar Investment, which together own 100% of each of the five target ...

Power suppliers warn of chain negative effects of postponing bill payments or energy price capping

Thursday, October 21, 2021

Postponing bill payments or capping energy prices will trigger chain negative effects, and the adequate solutions are VAT cutting or VAT exemption for gas and energy, the Romanian Power Suppliers Association (AFEER) said in a release on Friday.AFEER has taken note of the set of measures announced by the European Commission for EU member states to apply in order to reign in the impact of the explosive rise in energy prices. It falls on the authorities in each ...

Four gas suppliers fined by ANRE for intention of increasing price during contract

Thursday, October 21, 2021

The National Regulatory Authority in Energy (ANRE) has fined four gas suppliers with the sum of 2.69 million RON for their intention of increasing tariffs during ongoing contracts with fixed prices, according to a press release sent by ANRE .As a result of complaints from clients regarding the notices received from suppliers in regard to their intention of increasing the price of natural gas, ANRE has taken verification actions. Upon their completion, ANRE ...

Energy prices: Commission presents a toolbox of measures to tackle exceptional situation and its impacts

Thursday, October 14, 2021

The Commission adopted today (October 13 – e.n.) a Communication on Energy Prices, to tackle the ...

President Iohannis agrees with energy price capping for this winter

Thursday, October 14, 2021

President Klaus Iohannis said on last Thursday, in southeastern Cernavoda, that he agrees with the capping of energy price for this winter."Yes, I agree with this measure, now, for this winter, but the decision is obvious elsewhere," Iohannis said.On Wednesday, the ousted Prime Minister Florin Citu said that the National Liberal Party and the Government support the capping of energy price in Romania, and a decision in this regard would be made in the ...

Romgaz expects to complete 430MW power plant at Iernut at the end of 2022

Thursday, October 14, 2021

Romanian state-controlled natural gas company Romgaz is analyzing the possibility of concluding a new contract with the consortium formed by Romelectro and Duro Felguera for the completion of the Iernut power plant (430MW), Romgaz's general manager, Aristotel Jude, told lawmakers on October 12.   The plant could play a vital role in the decarbonization strategy, among others inked in the Recovery and ...

ANRE Vice President expects EU to propose elimination of green certificate tax, cogeneration bonus from bills

Thursday, October 14, 2021

Zoltan Nagy-Bege, vice-president of the National Energy Regulatory Authority (ANRE), said on Tuesday that he expects the EU executive to recommend the elimination of two taxes from the electricity bill - the green certificate tax and the cogeneration bonus."I have some reservations about the solution found [by the Government on the compensation of energy bills, ed.n.], it is quite cumbersome, it has some weaknesses and I would say that maybe there were other ...

Primary energy resources up 10.1pct in 8 months; electricity consumption higher by 6.2pct

Thursday, October 14, 2021

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Romania's primary energy resources increased by 10.1% in the first eight months of the current year, compared to the similar period in 2020, and those of electricity increased by 8, 4%, according to data released by the National Institute of Statistics (INS), on Tuesday.In the same reference period, in Romania, the final electricity consumption was 37.102 billion kWh, 6.2% higher compared with the same period of 2020, and public lighting decreased by 1, 2%, while ...

EY Study: Romania Is Leading The Way In Terms Of Renewable Energy

Thursday, October 14, 2021

by Mihai Draghici, Director, Consulting, EY Romania – An overview of Romania`s energy ...

Romanian gas suppliers can’t secure contracts with Gazprom

Thursday, October 14, 2021

Romanian natural gas supply companies such as E.ON and Engie, at this moment, can import gas from Gazprom only under short-term (one-month) contracts, according to Elena Alexandru, a member of the board of the association of energy suppliers AFEER, quoted ...

OMV Petrom's hydrocarbon production falls 13.5 pct in Q3

Thursday, October 14, 2021

OMV Petrom's hydrocarbon production fell by 13.5 percent in Q3 from the same period last year to 122,800 barrels of oil equivalent (boe) per day, shows a report submitted on Friday to the Bucharest Stock Exchange.The company's daily output in Q3 2020 was 144,300 boe.The production of crude oil and condensate dropped 13.3 percent to 60,900 boe per day, while gas production was 15.2 percent down to 61,900 boe per day.On the other hand, ...

EBRD: Cernavoda - Tritium Removal Facility

Thursday, October 14, 2021

Project Description Senior unsecured corporate loan of up to EUR 150 million to S.N. Nuclearelectrica S.A. to finance the construction of a tritium removal facility (the Project). Project Objectives Nuclearelectrica operates two CANDU (Canada Deuterium Uranium) units at its Cernavoda Nuclear Power Plant (Cernavoda NPP): Unit 1 commissioned in ...

Distributie Energie Electrica Romania allocates 30.05 million lei for software services

Thursday, October 14, 2021

Distributie Energie Electrica Romania (DEER) allocates 30.05 million lei, excluding VAT, for the acquisition of software services, the contract to be concluded for a period of 84 months, according to a participation announcement posted in the Electronic Public Procurement System (SEAP).The contract will be awarded through a competitive negotiated procedure, and the deadline for receiving offers or requests to participate is November 8, 2021, at ...

Transelectrica, Delgaz Grid sign agreement to develop energy networks

Thursday, October 14, 2021

  Transelectrica and Delgaz Grid have signed an agreement for the implementation of the Carpathian Modernized Energy Network - PCI Smart Grid Initiative (CARMEN) project, worth 150 million euros, according to a Transelectrica press release .CARMEN is a project developed in partnership with the Hungarian transport operator and is being assessed by the European Commission for entering the 5th List of Projects of Common Interest (CIP) in the "Smart ...

Nuclearelectrica generates over 200 million MWh in 25 years of operation

Thursday, October 14, 2021

Nuclearelectrica, the operator of the Cernavoda nuclear power plant, has delivered more than 200 million MWh to Romania's national energy grid in 25 years in business, according to a company press statement released on Thursday.Nuclearelectrica SA (SNN) on Thursday welcomed the President of Romania, Klaus Iohannis, on the 25th anniversary of the Cernavoda nuclear power plant's Unit 1.Twenty-five years after the commissioning of the first nuclear unit, ...

President Iohannis: Romania, potential to become important player and European hub in field of energy

Thursday, October 14, 2021

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Romania has the potential to become an important player and a European hub in the field of energy, President Klaus Iohannis said on last Thursday, at the southeastern Cernavoda Nuclear Power Plant."Romania's nuclear energy objective is primarily a strategic objective, to ensure energy security at national and regional level. Our country benefits from a balanced energy mix, but we still need new energy capacities, from various sources, not just nuclear, based on ...

EU leaders to discuss strategic gas reserve at summit: von der Leyen

Thursday, October 7, 2021

European Union leaders will discuss later in October the idea of setting up an EU strategic gas reserve and the decoupling of electricity prices from gas prices, the head of the European Commission Ursula von der Leyen said on Tuesday (5 October), quoted by euractiv.com.   Speaking to reporters in Estonia, von der Leyen said the surge in electricity prices for European ...

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