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Energy & Environment

EBRD: Spending to counteract coronavirus creates chance to “tilt to green”

Thursday, April 9, 2020

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Green economy will need nurturing through government policy, say EBRD economists The coronavirus crisis has diverted attention away from climate change mitigation, ...

Adrian Borotea, RWEA: Green Deal is an opportunity for Romania

Thursday, April 9, 2020

Romania needs a target of at least 34% for renewable energy, by 2030, said Adrian Borotea, executive vice president of the Romanian Wind Energy Association (RWEA). The EU has prepared funds of up to 32 billion euros to new projects, and Romania can benefit from the latest technologies to invest more efficiently in green energy. Given the new Green Deal policy, what is, according to RWEA, the most appropriate ...

Transgaz reports the first incidents related to SARS-CoV-2: almost 1,100 people work on its construction sites in Romania

Thursday, April 9, 2020

Three people involved in Transgaz’ investment works have been in isolation since Saturday, April 4, after they contacted members of their families who are suspected to be infected, the company announces; one is a member of the execution staff from the Bibe?ti compression station, in the BRUA project, and the other two are employees of the contractor Spoting SA. At present, the operator of the national natural gas transmission system has almost 1,200 people active in the ...

Romgaz: Prices on the gas market will decline, we prepare for investments

Thursday, April 9, 2020

“It is clear that prices on the gas market will continue to decline – we have had a warm winter, we have a coronavirus pandemic, we have reduced activity on the production units…”, said Adrian Volintiru, the CEO of Romgaz, in an online conference. “ At national strategic level, we focus on keeping the gas production running, at the levels needed in the market. We, at Romgaz, extract gas every day at full capacity – 14.7-15 million ...

The Competition Council authorized Socar Petroleum to rent six gas stations operated by Aral MTB

Thursday, April 9, 2020

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The Competition Council has announced on Monday that they authorized the trading through which Socar Petroleum intends to take over the right of use on six fuel distribution points operated at present by Aral MTB. ‘The six fuel distribution stations, situated in Arad, Timis, Sibiu counties will be operated by Socar on the basis of a rent contract the competition authority has informed. Socar Petroleum, company belonging to the Azer group SOCAR ...

Rompetrol Bulgaria supports the efforts made by authorities in the fight against COVID-19

Thursday, April 9, 2020

KMG International, through its subsidiary Rompetrol Bulgaria, made a donation of 10,000 liters of fuel to all Bulgarian authorities involved in the fight against the COVID-19 pandemic. The donation is coordinated by the National Union of Municipalities of Bulgaria, and the fuel will be sent in more than 20 localities throughout the country, such as Varna, Burgas, Plovdiv, Ruse or Stara Zagora. "KMG International is involved and ...

R. Dudau (EPG): If well enforced, utility payment deferral can be really helpful to energy suppliers

Thursday, April 9, 2020

The think-tank Energy Policy Group (EPG) has launched in public debate a first analysis of the draft law on utility payment deferral for three months, adopted by Parliament. The ...

‘We won’t slow down’ on climate: EU reacts to COP26 postponement

Thursday, April 9, 2020

The European Commission “took note” of the UK’s announcement to postpone this year’s UN climate summit but stressed its “strong commitment” to the global climate agenda, as nations grapple with the COVID-19 pandemic. “This makes sense,” said Frans Timmermans, the EU Commission vice-president in charge of the European Green Deal, which aims to steer the bloc towards net-zero greenhouse gas emissions by ...

Maciej Jakubik, CEEP: The EU energy transition will go on, though at slowed-down pace

Thursday, April 9, 2020

“The show must go on!” – this is the approach of Mr. Frans Timmermans, the EU Commission executive vice-president in charge with the Green Deal; officially, that means that the EU policies will continue indifferent at the coronavirus crisis. However, this is not going to happen, considers Maciej Jakubik, Executive Director at Central Europe Energy Partners (CEEP). “The Green Deal package will ...

E-DISTRIBUTIE DOBROGEA supports the effort of the medical teams in fighting COVID-19

Thursday, April 2, 2020

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E-Distributie Dobrogea, the electricity distribution operator part of the Enel Group in Romania, is supporting the efforts of the medical teams in the fight against Covid-19 by connecting to the grid the army field hospital in Constanta. The connection project included the placement of a medium to low voltage transformer, interrupters, distribution boxes and all the necessary low voltage equipment. The value of the equipment and of the works carried ...

Petromidia processes less, but keeps investing in 2020

Thursday, April 2, 2020

Petromidia, the largest refinery in Romania, operated by KMG International (formerly Rompetrol), will process 5.5 million tonnes of crude oil this year, some 13% less than last year - but will keep investing in development and capital repairs, according to the draft strategy prepared by the management for the shareholder meeting scheduled for April. The refinery will process less crude because it will run the planned revision, for 51 days this year, ...

Two new projects, approved by the Kazakh-Romanian Energy Investment Fund

Thursday, April 2, 2020

The Kazakh-Romanian Energy Investment Fund (FIEKR) has recently approved two new investment projects in total amount of USD 43 million related to the Romanian energy sector. These projects will create synergies to the production processes of the Petromidia N?vodari refinery (part of the company Rompetrol Rafinare) and economic added value for both companies. "The Kazakh-Romanian Energy Investment Fund continues its investment plan for the development ...

Electricity, gas, fuel prices capped in Romania

Thursday, April 2, 2020

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A new military ordinance adopted by the Romanian authorities caps the tariffs for electricity and thermal energy, natural gas, water supply, sanitation and fuels. This is the 4th military ordinance adopted in Romania since the president declared the state of emergency in the country amid the novel coronavirus pandemic. Article 8 of the new ordinance stipulates that “during the state of emergency, prices for electricity and ...

EU leaders back ‘green transition’ in pandemic recovery plan

Thursday, April 2, 2020

While attention continues to focus on the urgent health aspects of the COVID-19 outbreak, EU leaders have called on the European Commission to start preparing “a comprehensive recovery plan” that integrates green and digital aspects. Amid divisions on ways to address the economic fallout of the crisis, EU heads of states concluded an EU summit on Thursday evening (26 March) with a call to prepare the post-crisis ...

Lucian Enaru (Schneider Electric): If we hold onto each other in this difficult time, we have the chance to get out of this situation even faster and stronger

Thursday, April 2, 2020

* Lucian Enaru – Country General Manager Romania & Moldova Schneider Electric interview with business-review.eu What measures have you taken to protect your business during this period? We have a complex organization in Romania, with certain divisions covering the local market and others having regional responsibilities, with groups of colleagues being able to work from home ...

New President and 3 new Board Members at SolarPower Europe

Thursday, April 2, 2020

Following the Board elections of SolarPower Europe on 26 March, held remotely, Aristotelis Chantavas, Head of Europe for Enel Green Power, has been elected as the new President of the association, replacing the outgoing Christian Westermeier from Wacker Chemie. Aristotelis Chantavas is an experienced Executive with a demonstrated history of working in the renewables industry both in USA and in Europe. ...

AFM has approved over 5,300 files in the Casa Verde program for photovoltaic panels

Thursday, March 26, 2020

The Environmental Fund Administration – AFM published on March 23 the first list with more than 5,300 accepted files out of the more than 7,600 files evaluated within the program for the installation of photovoltaic panels for households. ...

Romgaz gives up the purchase of 20% of Gastrade

Thursday, March 26, 2020

Romgaz gave up the acquisition of 20% of Gastrade, according to a report presented to the Stock Exchange. Gastrade is the Greek developer of a planned floating LNG import facility at Alexandroupolis, in northern Greece. Thus, according to the Decision of the Board of Directors of Romgaz regarding the acquisition of 20% of the company Gastrade S.A., it is specified that “according to the provisions of art. 234 par. 1 of Regulation A.S.F. no. ...

OMV Petrom estimates a net profit decline by 21% in 2020

Thursday, March 26, 2020

OMV Petrom estimates for this year a profit of 2.81 billion lei, down 21% on the previous year. The budget was built at a price of USD 60 for a barrel, but the price has now halved, according to e-nergia.ro. Investments will increase by 1.6 billion lei. “From OMV Petrom’s point of view, the surplus of production together with the increased uncertainty in the world economic environment, generated by the spread of coronavirus, will generate a ...

Nuclearelectrica has obtained the certification regarding the implementation of the ISO Standard regarding the anti-bribery management system

Thursday, March 26, 2020

Societatea Nationala Nuclearelectrica SA (SNN) has completed the process for implementing Standard ISO 37001/2016 – Anti-bribery management system. SNN started the endeavors for obtaining the ISO standard approximately 2 years ago. This ISO standard provides adequate requirements and guidelines for organizations, so that they would be able to set, implement, maintain and constantly improve an anti-bribery management system, according to the international best practices ...

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