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Energy & Environment
E-DISTRIBUTIE DOBROGEA supports the effort of the medical teams in fighting COVID-19
Thursday, April 2, 2020
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
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 ...
OMV Petrom is ready to respond to COVID-19 and the new market environment
Thursday, March 26, 2020
Specific measures have been implemented to ensure security of supply and to protect our employees and customers Proven track record of managing impact of global crises; integrated business model and leaner organization; intensified efforts to reduce financial impact OMV Petrom, the largest energy company in South-Eastern Europe, implemented a series of measures to ...
ENEL ROMANIA DONATE 100,000 EUROS TO SUPPORT THE ACTIVITY OF MATEI BALS HOSPITAL IN FIGHTING COVID-19
Thursday, March 26, 2020
Enel Romania joined the efforts of the medical teams, in order to support their fight against COVID-19 and their struggle to heal the patients infected. Therefore, Enel Romania, through its supply and electricity distribution companies, donates 100,000 euros to support the activity of Institutul National de Boli Infectioase - Prof. Dr. Matei Bals. The donation will be made through the Association “Societatea de boli infectioase si ...
Intelligent Energy Association: COVID-19 crisis will generate bankruptcy among gas suppliers
Thursday, March 26, 2020
Dozens of natural gas suppliers risk bankruptcy as their customers no longer want to pay for the consumed hydrocarbons and unilaterally denounce the contracts, amid the decree of the state of emergency by President Klaus Iohannis, in the context of the COVID-19 pandemic, reveals a press release of the Romanian Intelligent Association. At the same time, the economic crisis will create a growing vulnerability for domestic gas consumers, amid the ...
TeraPlast inaugurates the photovoltaic park developed together with E.ON. in Q2
Thursday, March 26, 2020
TeraPlast will inaugurate the photovoltaic park from Saratel in the second quarter (Q2) of this year, told energynomics.ro Alexandru Stanean, CEO of the group of companies with 100% Romanian capital. “At the end of 2018 we signed an agreement with E.ON Energia Romania, worth 1.9 million euro, for energy efficiency solutions that involve the implementation of one of the largest photovoltaic power generation systems in Romania. Thus, on the roof of ...
Hidroelectrica launches new offers of electricity supply, with fixed prices
Thursday, March 26, 2020
Hidroelectrica launched , under the slogan “Join the green revolution”, new offers of electricity for both domestic and non-domestic customers, the company announced. “Due to the uncertainties regarding the evolution of the economy in the context of the drastic measures to stop the spread of COVID 19, Hidroelectrica wants to ensure stability to its customers by ensuring continuity in the supply of electricity and new offers,” ...
The decree on the state of emergency includes the possibility of energy price capping
Thursday, March 19, 2020
The Presidential Administration published on Monday the decree signed by the president Klaus Iohannis on establishing the state of emergency in the territory of Romania, which stipulates that “during the state of emergency, prices may be capped on medicines and medical equipment, on food of strict necessity and on public utility services (electricity and heat, gas, water supply, sanitation, fuels, etc.), within the limit of the average price of the last 3 months before ...
Europe warned about virus impact on clean tech
Thursday, March 19, 2020
Governments across Europe should keep clean energy top of mind as they consider measures to protect their economies against a likely recession caused by the coronavirus, the International Energy Agency (IEA) has said. The European Commission is paying close attention to the economic impact of the coronavirus, saying border shutdowns risk disrupting entire product value chains – ranging from automotive to agriculture and food. And this is valid ...
2020 could be the first down year for solar since 1980s
Thursday, March 19, 2020
The solar PV sector is expected to be hardest hit by the economic slowdown caused by the coronavirus, as solar PV modules are chiefly manufactured in China, which has temporarily shut down factories to contain the spread of the infection. BNEF cut its global solar demand forecast for 2020 by 8% – from 121-152GW to 108-143GW, saying “this could make 2020 the first down year for solar capacity addition since at least the ...
Electricity imports up 48 pct this January
Thursday, March 19, 2020
During 1.I – 31.I.2020, primary energy resources increased by 2.0%, while those of electricity increased by 2.5% as compared to the same period of previous year. Romania imported this January 0.795 TWh of electricity, by 48.6 percent more compared to the same month of the year before, the National Institute of Statistics (INS) said on Friday.The domestic output amounted to 5.3 TWh, down 2 percent ...