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Energy & Environment

The state must decide on the investment in the refurbishment of reactor 1 at the Cernavoda nuclear power plant

Thursday, January 27, 2022

  The Ministry of Energy, as the majority shareholder (82.5%) of the nuclear company Nuclearelectrica (SNN), the operator of the Cernavoda nuclear power plant, will have to decide in about a month whether to approve the company's final investment decision on the refurbishment of one of its two reactors (Unit 1). The project involves the shutdown of the reactor for two years - in 2027-2029. At this moment, such a shutdown ...

EDP Renováveis seeks expansion in Romania by takeovers and organic growth

Thursday, January 27, 2022

The Portuguese group EDP Renováveis (EDPR), the fourth-largest producer of renewable energy in the world and an important player in Romania, is developing a new 70 MW wind farm in the eastern part of the country and seeks to take over several photovoltaic parks and wind farms in other parts of the country. EDPR currently operates in Romania photovoltaic parks with a total cumulative installed capacity of over 520 ...

Premier Energy takes over 34.5MW wind farm

Thursday, January 27, 2022

The supplier and distributor of natural gas Premier Energy (Romania), controlled by the Czech investment fund Emma Capital, took over from Enercon GmbH, the largest German manufacturer of wind turbines, a wind farm with a capacity of 34.5 MW located in ...

Coal output up by 17.5 pct in first 11 months of 2021, imports up by 9.6 pct

Thursday, January 27, 2022

Romania's net coal production totaled 2.958 million tons of oil equivalent (toe) in the first 11 months of 2021, up 17.5 pct (440,800 toe) form the same period of 2020, according to data centralized by the National Institute of Statistics (INS).During the mentioned period, Romania imported 440,600 toe of net coal, by 38,700 toe (9.6 pct) more y-o-y.The National Commission for Strategy and Forecast (CNSP) estimated a coal production of 3.020 ...

Jan - Oct 2021 crude and gas imports worth a combined 2.831 bln euros

Thursday, January 27, 2022

Romania's crude and gas imports in the first ten months of 2021 amounted to 2.831 billion euros, up 52.6 pct YoY, show figures centralized by the National Institute of Statistics (INS)Crude and gas exports in the reporting period amounted to 168 million euros, by 741.7 percent higher YoY, with Romania thus recording a deficit of 2.663 billion euros for trade in these fuels.The domestic crude oil production over January - October 2021 was ...

Romania's crude oil production falls 4.1% in first 11 months of 2021

Thursday, January 27, 2022

 Romania produced, in the first 11 months of 2021, a quantity of crude oil of over 2.848 million tons of oil equivalent (toe), by 122,000 toe (4.1%) lower than that produced in the similar period of 2020, according to data centralized by the National Institute of Statistics (INS).Imports of crude oil in the mentioned period amounted to 6.131 million toe, being 3,000 toe lower than in the previous year.According to the estimates of the National ...

Nuclearelectrica reports 48% surge of its net earnings to EUR 200 mln in 2021

Thursday, January 27, 2022

State-controlled company Nuclearelectrica, the operator of Romania’s sole nuclear plant, reported that its net earnings rose by 48% to just over RON 1 bln (EUR 200 mln) in 2021.Its revenues were RON 3.2 bln, resulting in a net profit margin of over ...

Romania may levy retroactively tax on windfall gains of energy companies

Thursday, January 27, 2022

Romania's finance minister Adrian Caciu implied, in a show at DigiTV station on January 20, that a tax on windfall profits generated by the energy companies in 2021 may be ...

Fondul Proprietatea sells 4% stake of OMV Petrom shares

Thursday, January 27, 2022

Fondul Proprietatea (FP) sold 2.275 bln shares, or 4% of OMV Petrom, for RON 978.25 mln (nearly EUR 200 mln) under the accelerated private placement offer started on January 19, according to ...

Cristian Secosan will be next general manager of Delgaz Grid SA, as of April 1

Thursday, January 27, 2022

Cristian Secosan, the former head of Siemens Romania, will be the new general manager of Delgaz Grid, as of April 1, whole Ferenc Csulak will ensure the transition, for 3 months, as deputy general manager of DEGR and member of E.ON Romania board.   Cristian Secosan is 54 years old and is CEO of Siemens Romania. Trained as an engineer, a graduate of Timisoara Polytechnic University, he accumulated in the ...

Transgaz wants to consolidate country’s gas export capacity to Ukraine by 2026

Thursday, January 27, 2022

  The Romanian natural gas transport system operator Transgaz wants to invest EUR 300 mln in partnership with its Ukrainian peer GTSO, which would add another EUR 35 mln, so that starting with 2026, Romania can export 6.9 mln cubic meters of gas per day to Ukraine through the interconnection point from ...

ANPC slaps fines worth RON 450,000 on energy companies that issued illegal bills to individuals

Thursday, January 20, 2022

The National Consumer Protection Authority (ANPC) imposed fines amounting to RON 450,000 on a number of 27 companies supplying electricity and natural gas, during the controls carried out by the Energy Command of the institution from January 6 to 13, mentions a press release sent on last Friday by ANPC.In this first week of controls, the ANPC commissioners checked 72 workstations of the energy supply economic operators from the whole country, mentions the ...

Govt. sends prosecutors to check households’ energy bills

Thursday, January 20, 2022

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In a statement rather unusual for the independence of the judiciary, the Ministry of Justice announced that minister Catalin Predoiu has asked General Prosecutor Gabriela Scutea “to take the necessary measures to prevent and combat the crimes associated with the increase of energy ...

Fines of RON 195,000 imposed on energy companies that have issued defective invoices across country

Thursday, January 20, 2022

The National Consumer Protection Authority (ANPC) imposed ten fines, amounting to RON 195,000, on electricity and natural gas companies, during the controls carried out by the institution's Energy Command, ANPC informs in a press release ."The Energy Command created by the National Consumer Protection Authority (ANPC), under the direct coordination of President Mihai Culeafa and General Manager Paul Anghel, has completed another 22 control actions on electricity ...

Enel hit with RON 400,000 fine for failure to enforce gas billing offset scheme

Thursday, January 20, 2022

The National Energy Regulatory Authority (ANRE) fined energy company Enel 400,000 RON for failure to comply with the gas bills' offsetting and capping law, the energy watchdog said in a release on Monday.As part of its control actions initiated at the main electricity and gas suppliers, ANRE found that the electricity invoices issued by companies Enel Energie and Enel Energie Muntenia for November 2021 included the support scheme provided for by the Government's ...

E.ON CEO Raffel argues producers, importers, state benefit from rising energy bills

Thursday, January 20, 2022

Electricity and gas producers, importers, as well as the Romanian state, through taxes, are the ones who stand to benefit from the increase in bills, while suppliers have no additional benefits, said the General Director of E.ON Romania, Volker Raffel, in an interview for Agerpres.He says E.ON cannot find anywhere to buy energy from at a reasonable price, and called the price at which producers currently sell their energy "crazy."At the same ...

Electricity consumption up by 4.7 pct January through November 2021

Thursday, January 20, 2022

The country's national electricity consumption was 4.7 pct higher in the first 11 months of 2021, compared to the corresponding period of 2020, reaching 50.818 billion kWh, according to data published on Friday by the National Institute of Statistics (INS).The population's consumption increased the most, by 6.9 pct, followed by public lighting by 5 pct and industrial consumption, which increased by 3.9 pct. Own technological consumption in networks and stations ...

Natural gases by over 50% more expensive in past year

Thursday, January 20, 2022

Natural gas, edible oil and potatoes were the items with the highest price increases in the past year, while air transport services were the only item to record price decreases, according to the data of the National Institute for Statistics (INS) published Friday.In the December 2020 - December 2021 interval, prices for natural gas rose by 51.57%, for edible oil by 27.17%, and for potatoes by 24.89%.In what regards foods, the past year saw the highest ...

The production of gas of OMV Petrom dropped by 14.5% over the last quarter of last year

Thursday, January 20, 2022

The production of gas of OMV Petrom was lower by 14.5% over the last quarter of last year, as compared to the similar period of 2020, getting to 62,400 barrels of oil equivalent per day (bep/day), according to a report sent by the company, on Thursday to the Stock Exchange Bucuresti.As compared to the third quarter of 2021, the production in the fourth quarter of 2021 was slightly going up from ...

Virgil Popescu : the offshore law will be amended in the present parliamentary session

Thursday, January 20, 2022

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The offshore law, which stops some important energy projects in the Black Sea from starting is going to be revised in the first part of this year, after many delays, stated on Friday, for Reuters, the minister of energy, Virgil Popescu.This law on offshore project taxation is the last of the restrictions imposed on the energy sector that the Bucharest Government has so far failed to amend. ...

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