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Energy & Environment
Romgaz signs gas sale-purchase contract with Engie Romania of almost 853 mln RON
Thursday, April 13, 2023
National Gas Company Naturale Romgaz signed with Engie Romania a contract for the sale and purchase of natural gas in the amount of 852.8 million RON, according to a report submitted on Friday to the Bucharest Stock Exchange.The contract covers the period April 1 - November 1, 2023. Payment is to be made within 30 days of invoicing, and in case of delay the penalties will be 0.1% per day.With a history of more than 100 years, Romgaz has a vast ...
Nuclearelectrica completes operationalization of Feldioara Branch for the development of the integrated nuclear fuel cycle
Thursday, April 13, 2023
SN Nuclearelectrica SA announces that it has completed the operationalization of Feldioara Branch during January-March 2023, as part of its development strategy of the Romanian integrated nuclear fuel cycle. On December 28, 2022, the acquisition of some assets of the tehnical uranium concentrate processing stream from CNU Feldioara Subsidiary was completed, as well as the acquisition of a property ...
ElectricUP: By September there will be 1,800 completed projects
Thursday, April 13, 2023
The ElectricUP program was contracted last year, now we are in the implementation phase and by September we expect to have around 1,800 completed projects, which will add up to over 100 new green MW and over 4,000 charging stations for electric cars, stated on Thursday, in a conference on energy issues, Cristian Ilie, general director of the ...
Lektri.co: Romania has 27,590 electric vehicles and 3,300 charging stations
Thursday, April 13, 2023
Romania reached, in February 2023, 27,590 electric vehicles, after as many electric cars were registered last year as in the last 10 years combined, while the number of public chargers in the country barely exceeded the 3,300 mark, according to a Lektri.co study. The study indicates that, in the first two months of 2023, a total of 2,247 electric vehicles were registered. January, with 1,132 EVs, ...
FPPG advocates the strategic role of the oil and gas industry in Romania
Thursday, April 13, 2023
Total tax contributions paid by the oil and gas sector to the consolidated state budget amounted to 29.8 billion lei in 2021 and 21.5 billion lei in the first half of 2022, representing 7.8% and 9.7% of total state revenues, respectively, ...
Romgaz signed with Electrocentrale Bucuresti a contract for sale-purchase gas worth almost 291 million lei
Thursday, April 13, 2023
The National Company for Natural Gas Romgaz signed with Electrocentrale Bucuresti a contract for sale-purchase of natural gas worth 290,86 million lei, according to a report issued, on Friday to the Stock Exchange Bucuresti.The contract is about the period 1 April – 1 November 2023.With a history of more than 100 years, SNGN ...
Pixii and Elywhere – a partnership for the future of EV charging in a Circle K pilot project in Norway
Thursday, April 13, 2023
As the world moves towards cleaner and more sustainable energy solutions, the use of electric vehicles (EVs) is gaining popularity. Despite this trend, the widespread adoption of EVs is still challenged by inadequate charging infrastructure. The biggest obstacle to the widespread adoption of EVs is the insufficient grid capacity to support fast charging. The cost and time to upgrade old grid infrastructure to meet the needs of fast charging is a major ...
President Iohannis promulgates law on Cernavoda NPP Units 3 and 4 projects
Thursday, April 6, 2023
President Klaus Iohannis promulgated on Friday the law approving the signing of the Support Agreement between the Romanian state and the National Company "Nuclearelectrica" - SA for the Cernavoda Nuclear Power Plant (NPP) Units 3 and 4 Project.According to the explanatory memorandum of the normative act, "the purpose of the agreement is to establish the effective modalities of cooperation between the parties, by establishing commitments and obligations of the ...
EvoMAG aims to sell almost 2 million euros in the photovoltaic system category this year
Thursday, April 6, 2023
The online retailer evoMAG estimates, this year, sales of approximately 2 million euro in the category of photovoltaic systems, introduced on the site during the summer of last year. The most sold photovoltaic systems in Romania are of medium power, of about 5-6 KW. ‘evoMAG estimates, in 2023, sales of approximately 2 million euro in the category of photovoltaic systems, introduced on the site in ...
Kazatomprom has successfully delivered uranium for Romania's nuclear power plant
Thursday, April 6, 2023
National Atomic Company Kazatomprom JSC (hereinafter - "Kazatomprom" or "the Company") informs about the successful delivery of natural uranium concentrates for the energy company - Societatea National? "Nuclearelectrica" S.A. ("SNN"), https://www.marketscreener.com/ informs. SNN is a Romanian state-owned company in the field of electric power and heat supply, engaged in the ...
Fitch Revises Nuclearelectrica's outlook to stable on sovereign action
Thursday, April 6, 2023
On last Thursday, Fitch Ratings revised the Outlook on Romania's S.N. Nuclearelectrica S.A.'s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at 'BBB-', according to a press statement released by the credit rating agency.The rating action reflects the revision of the Outlook on Romania's Long-Term Foreign- and Local-Currency IDRs to Stable from Negative on March 24, 2023.Nuclearelectrica's rating and ...
Transelectrica has completed refurbishment of Iaz Transformer Station, a 62 million RON investment
Thursday, April 6, 2023
Transelectrica SA National Electric Power Transport Company has completed the process of upgrading the 220/110 kV Iaz Transformer Station (Caras-Severin county), in operation since 1975, with an investment of approximately RON 62 million, from its own funds.The works were executed by the Siemens Energy SRL - Electrogrup SA Association, in 46 months, and provided for the replacement of the existing equipment with state-of-the-art equipment and technologies ...
Romgaz is preparing an investment program of over 2.3 billion RON, almost half for Neptun Deep
Thursday, April 6, 2023
Romgaz National Natural Gas Company has an ambitious investment program for 2023, worth 2.3 billion RON, of which less than half will go to the Neptun Deep project, the general director of the company, Razvan Popescu, announced on Thursday at a conference on energy topics organized by DC Media Group."These investments are assumed, they are also initiated through the development program of the Caragele perimeter for 2023 and 2025, where we have nine wells ...
Conpet: Works on pipelines at Borcea Branch have been completed
Thursday, April 6, 2023
Works to replace the connecting lines on the import oil transport pipelines that undercross the Danube (Borcea Branch) were completed four months before the contracted term, the investments amounting to over 26 million euro, informs Conpet. The Minister of Energy, Virgil Popescu, the Secretary of State George ...
Amber Infrastructure has invested close 50 million euros in renewables in Romania
Thursday, April 6, 2023
Romania lacks American capital but Amber Infrastructure Limited is trying to get around 300 million dollars from the US to invest in Romania or in the neighboring countries. „We do not have enough American capital in Romania. We are confident that fund will get 300 million dollars from US Development Finance Corporation and this it’s a breakthrough in terms of American capital that can be ...
E-DISTRIBUTIE BANAT INVESTS ABOUT 50 MILLION LEI IN A NEW PRIMARY SUBSTATION AND MEDIUM VOLTAGE GRIDS, IN THE NORTH OF TIMISOARA
Thursday, April 6, 2023
The primary substation is fully digitized and operates in a Telecontrol system, being equipped with new, compact, energy efficient equipment, some of it produced in ...
EnerMin Popescu: Coal facilities must be replaced, after closing with renewable, natural gas facilities
Thursday, April 6, 2023
The closing of coal-fired facilities should lead to its replacement with renewable and natural gas facilities, Elena Popescu with the Energy Ministry, the Directorate General for Energy Policy and Green Deal, said at a specialist event on Tuesday."We can't shut down 5,000 MW by 2026 and live on renewable alone. The facility on renewables will increase, we expect it to grow by 2035," Elena Popescu said at the conference called "Energy ...
Electricity prices capped at fairly low levels; energy efficiency investment not incentivised
Thursday, April 6, 2023
Romania has quite advantageous legislation in terms of consumers and prices are capped at quite low levels, especially for electricity, which is why measures and investment in energy efficiency could be limited, Zoltan Nagy-Bege, the deputy-chair of the National Energy Regulatory Authority (ANRE), told a specialist conference on Tuesday."Energy efficiency will have a very important role because, in the end, you can overcome crisis following two directions: ...
EnergMin Popescu: Romania supports development of civil nuclear programme
Thursday, March 30, 2023
Romania supports the development of the civil nuclear programme, because decarbonisation is not possible without nuclear energy, Energy Minister Virgil Popescu stated."Today [Tuesday] I am in Brussels, at the Transport, Telecommunications and Energy Council meeting. At first light, I attended a meeting with several ministers from the EU countries to discuss the details about the measures to support nuclear energy. Romania supports the development of the ...
StateSec Nitulescu: Romania to reach 34pct renewable energy sources after a review of Energy Plan
Thursday, March 30, 2023
Romania has assumed a share of approximately 30.7pct of renewable energy sources for 2030 through the National Integrated Energy and Climate Change Plan 2021-2030, but through a review, it will reach 34pct, Secretary of State within the Energy Ministry Casian Nitulescu stated on Monday."The energy efficiency dimension has an important role at national level. Not only does it ensure energy security, but also a transition toward cleaner, greener ...