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Energy & Environment

Energy Minister: Gas storage facilities 50% full, higher than assumed

Thursday, July 21, 2022

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Gas storage facilities are currently filled to 50% of capacity, more than Romania has pledged for August 1, Energy Minister Virgil Popescu wrote on Facebook.More than 1.5 billion cubic meters of natural gas were in storage on Friday, out of a total capacity of 3.07 billion.According to the minister, Romania has assumed before the European Commission a gas filling degree of 46 percent by August 1, 57 percent by September 1, 66 percent by October 1 and ...

PM Ciuca: One billion euros in funding for energy efficiency and green energy production

Thursday, July 21, 2022

The government will adopt an emergency ordinance that provides one billion euros in funding for energy efficiency and green energy production, Prime Minister Nicolae Ciuca announced on Friday, at the beginning of the Government meeting."We will adopt an emergency ordinance that is drafted at the level of the Ministry of European Investments and Projects and provides one billion euro worth of funding, 500 million being allocated to local authorities for energy ...

Population electricity consumption drops by over 6pct during first five months of 2022

Thursday, July 21, 2022

  The population's electricity consumption was 22.231 billion kWh, during the first 5 months of the year, dropping 4.1pct compared to the same period last year, according to data released on Thursday by the National Institute of Statistics (INS).Industry consumption also dropped by 3.5%, street lighting went up by 11.1%, and overall national electricity consumption went down by 6.3%.During this period, electricity resources summed up ...

Shahrad Adjili: Kawasaki is the first company to operate a complete CHP application on 100% hydrogen

Thursday, July 21, 2022

After the disaster from Fukushima in 2011, the Japanese Government decided to change the fuel mix and concentrate on hydrogen as a future fuel, and many companies, including Kawasaki started concentrating on technical solutions for hydrogen, said Shahrad Adjili, Head of Sales, Kawasaki Gas Turbines Europe, at ...

ANRE approved the establishment of new energy capacities with total installed power of over 167 MW

Thursday, July 14, 2022

The regulatory Committee of ANRE decided at Wednesday’s meeting to grant authorization to set up new energy capacities of 167 MW, according to a press release.It is about the authorization for setting up the new energy capacity Thermo electrical unit in Cogeneration Midia Navodari, with installed power 77.8 MW and maximally debited of 16.3 MW, offered to the company Rompetrol Energy SA with validity of 26 months, and authorization for setting up the ...

Energy Minister: Romania will produce coal-fired electricity at full capacity in the coming years

Thursday, July 14, 2022

Romania will produce, in the years to come, coal-fired electricity at full capacity to surpass the crisis, posted the minister of energy, Virgil Popescu on his Facebook account.‘Nothing functioning will be closed down. But we won’t replace the Russian gas import with import of Russian coal’ said the minister of energy.He also mentioned in the context, the decision of the authorities to invest in a new unit which will produce ...

One third of consumers in Romania are in energy poverty

Thursday, July 14, 2022

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The phenomenon of energy poverty in Romania deepened in the context of the pandemics and got to the situation where three out of ten households (33.3%) are in energy poverty, according to an analysis of the Romanian Observatory of Energy Poverty (ORSE).These consumers got to energy poverty after spending over 10% of the income for the payment of the energy bills in 2020, according to the most recent official statistics available.At the same time, ...

ROMATOM: Including nuclear energy in the EU Taxonomy opens up opportunities for private funding

Thursday, July 14, 2022

The inclusion of nuclear energy in the EU Taxonomy opens up private financing opportunities for this type of projects, it is shown in a release of the Roman Atomic Forum ROMATOM.   “Romania’s nuclear industry currently provides 12,600 jobs and has an annual contribution to GDP of 5.7 billion euro. These figures will increase in the context of starting new projects with a strategic role in the ...

KREIF, 119 mln. lei financing from OTP Bank for the development of new gas stations

Thursday, July 14, 2022

The Kazakh-Romanian Energy Investment Fund (KREIF) recently contracted a financing from OTP Bank Romania, in the amount of 119 mln. lei (about 24.75 mln. USD) for the retail program speedup - development of new fuel distribution stations.   “KMG International continues its projects undertaken through the Kazakh-Romanian Energy Investment Fund while respecting its obligations towards its partners for ...

The Iron Gates hydropower plant operates at 60% of capacity

Thursday, July 14, 2022

The Iron Gates hydropower plants on the Danube, which produce the cheapest hydropower in Romania, delivered almost 400 MWH less power on July 8 than in a regular ...

Reveal Marketing Research study: Construction waste alarms Romanians

Thursday, July 14, 2022

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7 out of 10 Romanians are worried about the disposal of construction waste in inappropriate places For young specialists under the age of 45, the problem of construction waste is the most alarming ...

Bulgarian PM: Greece-Bulgaria gas interconnector will transform the region's energy map

Thursday, July 14, 2022

This interconnector will transform the energy map of the region, Bulgaria's outgoing Prime Minister Kiril Petkov said at the ceremony marking the completion of the construction the Greece-Bulgaria gas interconnector which took place at one of the gas stations along the pipeline in Komotini, Greece, reports BTA.Greek Prime Minister Kyriakos Mitsotakis and Azerbaijani Energy Minister Parviz Shahbazov also attended the ceremony.Petkov expressed his ...

IFC and Garanti BBVA Consumer Finance Partner to expand financial services for greening homes in Romania

Thursday, July 14, 2022

Households in Romania will gain increased access to financial services with an IFC investment that aims to help individuals reduce their homes’ carbon footprints. IFC is providing a loan of €10 million in local currency to Garanti BBVA Consumer Finance, a key player in Romania’s consumer finance market, to help the company grow its green loan portfolio while diversifying its funding base.  This is a first loan ...

Photon Energy breaks ground on 5MW Romanian solar

Thursday, July 14, 2022

Photon Energy has started construction of its second solar farm in Romania which will have a total capacity of 5MW,https://renews.biz/ reads.      The PV project, located near Aiud, in Alba County, will annually deliver ...

Enel Green Power and Vulcan Energy join forces on geothermal lithium projects

Thursday, July 14, 2022

Enel Green Power and Vulcan Energy signed a wide-ranging agreement that focuses on geothermal lithium research by leveraging on the development opportunities offered by the “Cesano” license, on the outskirts of Rome. This agreement brings together the companies’ respective expertise in geothermal energy and lithium extraction in order to develop joint initiatives at the site located in the Latium region and ...

Rompetrol: Stopping crude oil flows through CPC pipeline does not affect Petromidia refinery supply

Thursday, July 7, 2022

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KMGI – press release, 06.07.2022   In the context of the information published in the public space regarding a possible suspension of the Caspian Pipeline Consortium's operations on the territory of the Russian Federation, KMG International Group would like to confirm that any suspension of Caspian Pipeline Consortium's activities will not impact the supply of crude to Petromidia ...

Romania to postpone phasing out coal to 2032

Thursday, July 7, 2022

Government decided to delay its planned decarbonization goals for the energy sector, maintaining the use of coal for an extra two years. The initial plan would have had mines and coal-related activities shut down by December 31, 2030.   Representatives of the governing Social-Democratic Party (PSD), quoted ...

Fitch: Sudden Halt to Russian Gas Supply Could Pressure Some CEE Ratings

Thursday, July 7, 2022

Slovakia, Hungary and Czech Republic are most exposed among Central and Eastern European (CEE) sovereigns to a sudden cessation of Russian gas supplies to EU countries, Fitch Ratings says. Poland, Lithuania and Romania appear least exposed.A sudden cessation is not Fitch’s base case, but is a risk. Bulgaria and Poland have already been cut off and supplies to other EU members have been reduced. Supply and infrastructure constraints mean it ...

EnergoBit: The second wave of renewables is based on photovoltaic projects

Thursday, July 7, 2022

The EnergoBit Group is already part of the new wave of renewables in Romania, confirmed the general manager Florin Pop, at EnergynomicsTalks, in a dialogue about the development potential of the production value chain in the Romanian energy industry. At present, EnergoBit is involved in a total of 10,000 MW in projects in different stages. Of these, “approximately 2,500 MW have already passed the stage of obtaining the technical connection authorization”, ...

Romgaz expects to complete Neptun Deep deal with Exxon by the end of July

Thursday, July 7, 2022

The management of Romanian state-controlled natural gas company Romgaz (BVB: SNG) estimates the completion of the transaction for the acquisition of a 50% stake in the Neptun Deep Black Sea natural gas field from ExxonMobil at the end of July, according to a company's note to investors.   The date for completing the transaction and paying the rest of the money was initially announced as June ...

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