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Energy & Environment

Liberty Galati invests EUR 1.2 bln in green energy and bigger capacity

Thursday, June 18, 2020

Romanian minister of economy and energy Virgil Popescu announced a EUR 1.2 billion investment plan at the Galati steel plant, controlled by British group Liberty Steel since last ...

Primary energy resources down 8.4pct, January - April 2020

Thursday, June 18, 2020

The primary energy resources in the first four months of 2020 dropped by 8.4 per cent compared to the same period of 2019, whereas the electricity resources decreased by 1.5 per cent, the data published by the National Institute of Statistics (INS) on Friday showed.According to the official statistics, between January and April, the primary energy resources totalised 10.612 million tonnes oil equivalent (toe), decreasing by 979,000 toe compared to the same period ...

ENEL INCLUDED FOR THE FIRST TIME IN MSCI ESG LEADERS INDEXES 

Thursday, June 18, 2020

The maximum score received in the MSCI ESG rating in 2019 paved the way for Enel’s inclusion in the most prestigious sustainability index series developed by research and index provider MSCI Enel has also been confirmed in the semi-annual reviews of the FTSE4Good index series and the Euronext Vigeo-Eiris 120 indices (World, Europe and Eurozone) Enel has ...

The EU is dreaming big on hydrogen, but much infrastructure work remains

Thursday, June 18, 2020

The European Commission will come out with a big push for hydrogen early next month, but there are concerns about whether existing infrastructure can meet the demand, euractiv.com reads. On Monday, as EU energy ministers met to exchange notes on how the coronavirus crisis affects their sector, it wasn’t long before the h-word came up. Hydrogen is the hottest buzzword in energy at the moment, after the European Commission ...

Study: Thermal power plants must shut down early to meet climate targets

Thursday, June 18, 2020

Coal and gas-fired power plants would have to shut down 10 to 30 years sooner than their usual 35 to 40-year lifespan so that climate targets can be met, a study reveals. EURACTIV’s partner le Journal de l’environnement ...

Greencells is interested in the Romanian photovoltaic market

Thursday, June 18, 2020

The Greencells Group is interested in the Romanian photovoltaic market, where it can build up to 2 MW per day, with local labor at German quality verified in dozens of projects around the world, said Adrian Moldovanu, Head of Business Development Romania for the group, ...

Rompetrol launches the Cashback service at its gas stations in Romania

Thursday, June 18, 2020

Rompetrol Downstream, the retail division of the KMG International Group in Romania, launches a new service dedicated to individuals, through which they have the possibility to withdraw cash with 0% commission from any Rompetrol own station. The “Cashback” service (cash withdrawal from merchant) is available at any time. The service allows withdrawal of cash from the personal debit or credit bank card in an amount of up to 200 RON / ...

Competition Council: the deregulation of the gas market must lead to lower prices

Thursday, June 11, 2020

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The deregulation of the gas market must lead to lower prices, shows the Competition Council, which says that this process  of deregulation takes place in the context of the natural gas prices getting a downwards tendency, which must lead to a reduction of the prices for the consumers. The two big gas producers the council refers to are OMV Petrom and Romgaz. The representatives of the Competition Council state that the big economic operators must ...

ANRE: Natural gas producers which produce over 3 million of MWh/year must offer 30% on the Romanian market

Thursday, June 11, 2020

The producers which have a production volume of over 3 million MWh/year must offer 30% of the production on the markets of natural gas in Romania in a structure of well-defined products for a period of two years and a half, stated on Wednesday at the Forum of Online Energy, Zoltan Nagy-Bege, vicechairman of the National Authority for Regulation in Energy (ANRE). According to him, the maximum starting price accepted in bids will be a combination of the ...

Nicolescu (Deloitte): closing down of coal exploitations – much talked about

Thursday, June 11, 2020

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Closing down the coal exploitations is under discussion in Europe, but there are solutions to make this coal absolutely neuter as regards the environment, namely emissions may be captured and stocked, stated on Wednesday during the Forum for Online Energy Razvan Nicolescu, Energy&Resources Industry Leader, Deloitte Central Europe. “ I wish Romania will not  make a strategic mistake. I see in the public space a discussion about the change, in the rural ...

COVID-19 relief for fossil fuel industries risks green recovery plans

Thursday, June 11, 2020

The failure of governments and central banks to set out a green recovery from the coronavirus crisis is threatening to derail vital UN climate talks aimed at staving off global catastrophe, campaigners have ...

FPPG: Natural gas production in Romania, in danger

Thursday, June 11, 2020

The obligation to supply natural gas on the centralized markets in Romania according to the ANRE Order 79/2020 with subsequent amendments and completions generates a series of negative effects on the natural gas market, the Oil and Gas Employers’ Federation (FPPG) officials claim. Thus, provisions such as imposing the obligation of producers to make offers at a price level below production costs and of a starting price for 2020 at a level that is ...

Romania would lose 5 billion lei from excise duties in 2020 as a result of the reduction of fuel consumption by 20%

Thursday, June 11, 2020

Domestic fuel demand will be reduced in 2020 by about 20%, estimates the main employer organization of oil and gas producers, which will negatively affect not only the results of companies, but also revenues to the state budget. In April, excise revenues paid by the energy sector fell by more than 36%, according to Profit.ro. If the employer’s estimates are confirmed, the state’s excise revenues (+ related VAT) paid by the energy sector ...

Euro Sun Mining raises USD 16.6 mln for Romanian projects

Thursday, June 11, 2020

Euro Sun Mining (formerly Carpathian Gold), which operates the Rovina gold project and another prospect in Romania, has raised CAD 22.32 million in funding (USD 16.6 mln). The company will use the funds for exploration and the development of its mining projects. In 2018, the Romanian Government completed the concession license ratification, allowing the Canadian company to start exploiting gold and copper at Rovina, in Hunedoara ...

CEZ estimates Romanian assets for sale at over EUR 1 bln

Thursday, June 11, 2020

Czech utility group CEZ has estimated the aggregated equity of its Romanian subsidiaries, which are up for sale, at EUR 1.07 billion, according to a presentation prepared for prospective bidders and consulted ...

SNC-Lavalin has been awarded two inspection contracts for Cernavoda NPP Unit 1

Thursday, June 11, 2020

Canada's SNC-Lavalin said on Tuesday that it has been awarded two inspection contracts by Romania's Nuclearelectrica during a planned outage of a unit at Nuclearelectrica's Cernavoda nuclear power plant. The contracts, awarded to SNC Lavalin's wholly-owned subsidiary Candu Energy Inc, cover fuel channel and feeder assembly inspections on the Cernavoda Unit 1 nuclear reactor during the 2020 outage, SNC Lavalin said in a press ...

Renewable Energy sector is expected to bounce back quickly despite the impact of COVID-19

Thursday, June 11, 2020

Despite the global slowdown caused by COVID-19, the renewable energy sector is expected to bounce back quickly as the long-term drivers for investment remain strong, according to the 55th EY Renewable Energy Country Attractiveness Index (RECAI). The ...

Virgil Popescu: Energy companies will make investments of about 12 bln. euro in five years, in line with the Green Deal

Thursday, June 11, 2020

Minister of Economy Virgil Popescu issued an order asking all companies to approve by June 15 new 5-year investment plans, serious investments, which are in line with the Green Deal. He wrote: “Most companies have already approved them. We are talking about investments of about 12 billion euro.” In an interview for G4 Media, Virgil Popescu said: Hidroelectrica wants to invest in 300 MW offshore wind farms in the Black Sea, plus 300 MW ...

Thermal power plants must shut down early to meet climate targets, says study

Thursday, June 11, 2020

Coal and gas-fired power plants would have to shut down 10 to 30 years sooner than their usual 35 to 40-year lifespan so that climate targets can be met, a study reveals. EURACTIV’s partner le Journal de l’environnement ...

Electrica, Hidroelectrica and SAPE Consortium plan to buy CEZ Romania

Thursday, June 4, 2020

Electrica has announced on BVB that it is exploring, through a consortium including two other companies, to join a competitive sale procedure organized by CEZ a.s. “Electrica would like to inform its shareholders and investors regarding the fact that it is currently exploring the possibility to participate through a potential consortium to be formed with Societatea de Administrare a Participatiilor in Energie S.A. (S.A.P.E.  S.A.) ...

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