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Energy & Environment
Electrica’s objective is a balanced portfolio including renewables
Thursday, April 23, 2020
Undergoing an ambitious process of internal transformation, Electrica group is facing this year rather unclear market conditions after the legislative and regulatory turmoil in 2019. No time for “business as usual”! The purchasing opportunities in Romania and the new reality of the national energy system being net importer asks for a reinterpretation of the roles that the Electrica group can ...
How the coronavirus outbreak affects the EU’s 2030 climate targets
Thursday, April 16, 2020
Ultimately, the coronavirus pandemic may slow down initial plans to adopt the European Climate Law and a number of other climate-related policy proposals, writes Robert Jeszke for euractiv.com. Robert Jeszke is Head of Strategy, Analysis and Auction Department and the Centre for Climate and Energy Analyses (CAKE) in ...
Romania puts on hold sale/purchase of energy cos during state of emergency
Thursday, April 16, 2020
Romania has suspended the sale and purchase of majority stakes in energy companies as of April 10 until the end of the state of emergency declared to limit the coronavirus spread, the interior ministry said on last Friday. "During the state of emergency, the procedures for selling/buying majority stakes in companies which are part of the national energy system, regardless of the form of their ownership, are suspended," ...
Rompetrol continues to support the fight against covid-19 pandemic, through a partnership with Romanian Red Cross
Thursday, April 16, 2020
KMG International, under Rompetrol brand, concluded a partnership with the National Society for Red Cross Romania to buy a mobile intensive care unit with 12 beds, in the value of USD 264,930, which will be donated to the Department for Emergency Situations (IGSU), as part of the national strategic reserve for civil protection, being used during the pandemic to offer rapid support where mostly needed. For the acquisition of the mobile ICU unit, KMG ...
ENEL X AND HERE TECHNOLOGIES LAUNCH “CITY ANALYTICS – MOBILITY MAP” IN RESPONSE TO THE COVID-19 EMERGENCY
Thursday, April 16, 2020
City Analytics – Mobility Map is the new solution released by Enel X City Analytics, which provides Italian government agencies with mobility indicators to support analysis of COVID-19 containment measures so as to implement recovery policies To support the response to the COVID-19 emergency, Enel X, the innovative global business line of the Enel Group, and HERE Technologies, global leader in geographical data ...
Primary energy resources, down 2pct, electricity resources, up 2.1pct, Jan.-Feb. 2020
Thursday, April 16, 2020
Romania's primary energy resources decreased by 2%, in the first two months of 2020, while electricity resources were up 2.1%, y-o-y, according to data with the National Statistics Institute (INS) released on Monday.The main primary energy resources January 1 - February 29, 2020 totalled 5.746 million tonnes of oil equivalent (toe), down 120,000 toe from January 1 - February 28, 2019.Domestic production totalled 3.29 million toe, down by 48,800 toe ...
384 million lei for green lighting in Romanian cities and communes
Thursday, April 16, 2020
The Ministry of Environment, Waters and Forests will launch this year, through the Administration of the Environmental Fund (AFM), a program for financing ecological lighting in Romanian cities and communes. The budget established for 2020 is 384 million lei; the localities will be enabled to replace the high energy consuming lighting fixtures with LED lighting fixtures. At the same time, the administrations will be able to purchase dimming / remote management systems, which ...
The FPPG has 7 proposals for the recovery of the O&G sector
Thursday, April 16, 2020
Economic recovery can be achieved through large-scale projects, writes the Federation of Petroleum and Gas Employers (FPPG), in a press release. The Federation calls on the government for ongoing consultations in order to prioritize the projects aimed at really supporting the economic recovery, the recovery in the medium and long term and the stimulation of private investments through competitive fiscal conditions. Measures proposed by the ...
CE Oltenia employees to be put on furlough, by rotation, as of 13 April and until 17 June
Thursday, April 16, 2020
The approximately 13,000 employees of the Compex Energetic Oltenia - CEO (Oltenia Energy Complex) will be put on furlough, by rotation, as of 13 April and until 17 June, the measure being taken as a result of the significant decrease of the electricity sales and, implicitly, the company's revenues, according to a news release posted on Sunday evening on the website of the company.Between January and March, CE Oltenia registered a significant decrease of ...
Minority shareholders ask Romgaz to pay higher dividends
Thursday, April 16, 2020
Some of the shareholders of Romanian state-controlled gas producer Romgaz are unhappy with the dividend proposed by the company's management: RON 1.61 per share. Calculated at the current prices of the company's shares (which has plunged with the rest of the market amid the coronavirus epidemic), the proposed gross dividend would bring investors a yield of 5.5%. "Considering that we share the same views with other shareholders, ...
Rompetrol Bulgaria opened its 56th gas station in the city of Shumen
Thursday, April 16, 2020
Rompetrol Bulgaria, a company member of KMG International, officially opened a new gas station in Shumen, town situated 90 km West of the city of Varna, on the A2 Highway that links the Black Sea with the capital city, Sofia. Shumen is well known for its modern facilities in the sectors of car dealers, construction materials & furniture stores. Through the new investment, Rompetrol Bulgaria opened 11 job positions in the city and commits further to ...
EBRD: Spending to counteract coronavirus creates chance to “tilt to green”
Thursday, April 9, 2020
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
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 ...