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Energy & Environment

Petrom, reaction to OUG imposing new taxes and taxes:

Thursday, December 20, 2018

The draft emergency ordinance announced by the Ministry of Finance, which imposes new taxes and increases existing ones, "will have a strong negative impact on Romania's energy sector, on energy security, on jobs and investments," says Petrom, a press release. Petrom's reaction is unusually tough, the company listed on the stock exchange being extremely cautious in terms of public communication. The largest Romanian company with ...

Electricity price to rise substantially in Romania in 2019

Thursday, December 20, 2018

The electricity price [on the wholesale market] will increase by 40% next year compared to 2018, which will also result in higher prices for end-users, Petre Stroe, CEO of the energy and gas supplier MET Energy Romania, commented at a press conference. He pointed out that the regulations in this sector are not well set up, so some traders may unilaterally terminate contracts, preferring to pay penalties, ...

Gov't proposes capping prices of domestic production's natural gas to 68 lei/MWh, until February 2022

Thursday, December 20, 2018

 The Executive envisages capping the price of natural gas from domestic production to 68 lei / MWh (rd 14 euro, ed. n.), for a period of three years, until February 2022, Minister of Public Finance Eugen Teodorovici announced Tuesday at Victoria Palace."Setting a price ceiling for gas is another measure taken to protect both households and the economic environment. Unfortunately, the behavior of certain companies in different sectors of activity shows very ...

Romania's TeraPlast, E.ON Energie join forces in solar energy project

Thursday, December 20, 2018

Romanian plastic products manufacturer TeraPlast Group [BSE:TRP] said on Wednesday that it has signed a 1.9 million euro ($2.17 million) deal with E.ON Energie Romania for the construction of one of the country's largest solar power plants, seenews.com reports. E.ON Energie Romania, part of German-based energy group E.ON, will use the funds to build a photovoltaic power plant in TeraPlast Industrial Park, TeraPlast said in a press ...

PM Dancila decides setting up of Working Group for negotiation of Romanian-Chinese agreement on Cernavoda Units 3 and 4

Thursday, December 20, 2018

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Prime Minister Viorica Dancila Tuesday decided to set up the Working Group for the negotiation of the Intergovernmental Agreement between Romania and the People's Republic of China project on the cooperation for the implementation of the Units 3 and 4 of the Cernavoda nuclear-power plant.According to the decision published on Tuesday in the Official Gazette, the leadership of the Working Group will be assured by a Deputy Prime Minister acting as the President of ...

Energy price to increase as of January 1

Thursday, December 20, 2018

Electric energy tariffs will grow by 0.74% as of January 1, 2019, leading to an increase of the energy bill by RON 3.5 per year, on average, for the household consumer, a release on Friday from the National Energy Regulation Authority (ANRE) informs. “By these amendments, ANRE aims to eliminate the past deficiencies regarding the structure of costs included in the tariffs, as well as increasing the investments’ efficiency of the ...

Transgaz obtains 50 mln euro from EIB for the financing of a new pipeline

Thursday, December 20, 2018

The European Investment Bank (EIB) grants national gas transmission company Transgaz 50 million euro for the financing of a new pipeline, due to connect Romania's natural gas resources for the Black Sea's shore both to the national gas transmission grid and with the BRUA corridor, thus connecting the transport systems in South-Eastern and Central Europe, the Economy Ministry informs on Monday.The transaction is supported by the European Fund for Strategic ...

Transgaz seeks constructor for EUR 290-335 million pipeline link to Black Sea

Thursday, December 20, 2018

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Romanian state-controlled gas transporter Transgaz launched the tender to find a constructor for another major pipeline: the one aimed at bringing the natural gas that may eventually be produced by ExxonMobil and OMV Petrom in the Black Sea to the major BRUA route thus allowing the export of gas to Hungary and, in principle, to Bulgaria, ...

EU forges deal on coal phase-out, with special Polish clause

Thursday, December 20, 2018

European Union legislators reached agreement in the early hours of Wednesday (19 December) over a proposed reform of electricity market rules that includes a 2025 cut-off date for coal subsidies, and a special clause for Poland, euractiv.com informs. After marathon talks that started at 10:30am on Tuesday, EU negotiators finally reached agreement on the reform of Europe’s electricity market shortly after 01:00am the following ...

Hidroelectrica ended the 18.2 million lei investment for the modernization of the Beresti HPS

Thursday, December 20, 2018

Hidroelectrica has completed the retrofit of the hydro-aggregate 2 from the Beresti power plant, after carrying out modernization works worth 18.2 million lei, made by Hidroserv. Modernization has introduced state-of-the-art technological solutions to improve the overall operating parameters, increase the automation degree and safety of the HPP. “Today we live an important moment on the first day of a new technological ...

Patres: Romania steps backwards regarding renewable energy

Thursday, December 13, 2018

Romania steps backwards regarding renewable energy, to be present with the European Commission with a target, assumed in the project Energy Strategy of only 27.9% at the horizon of 2030 much under the level of 32% established for the whole European Union. PATRES – the Organisation of Energy Producers of Renewable Sources in Romania says that, on the basis of long-term Strategy for decarbonisation of the EU economy until 2050, Europe will have to ...

Up to Jan 28, Transgaz is waiting bidders for the 400 mil lei Onesti-Letcani gas pipeline

Thursday, December 13, 2018

The bid for realization of the gas pipeline between Onesti-Gheraesti-Letcani was launched on the Electronic Procurement System, energynomics.ro informs. Transgaz’ committed amount is 317, up to almost 411 million lei. The investment is part of the project “Developments of ...

Enel has invested EUR 400 million in electricity grids in Muntenia, Banat and Dobrogea over the past five years

Thursday, December 13, 2018

The E-Distributie companies, part of the Enel group, have invested EUR 400 million in the last 5 years in the grid in Muntenia, Banat and Dobrogea areas, with equipment made in Romania, http://business-review.eu reports. In this region, the company has 2.8 million customers. The company further improved the distribution service quality according to January-October 2018 data, following investments in grid ...

Energy consumption in Romania advances 1.8pct, Jan.-Oct. 2018

Thursday, December 13, 2018

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During 1.I – 31.X.2018, primary energy resources increased by 1.6%, while those of electricity stood at the same level as compared to the same period of previous year Final electricity consumption in Romania increased in the first 10 months of 2018 by 1.8 percent compared, y-o-y, totalling 46.087 billion kWh, according to data released on Wednesday by the National Institute of Statistics (INS).Public ...

European Commissioner Vella: People are the cause of climate threats; we have to fix them

Thursday, December 13, 2018

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Climate threats are caused by people, and that is why we have the responsibility to repair what we have done, European Commissioner for the Environment, Maritime Affairs and Fisheries Karmenu Vella said at the presentation conference of a model of a new centre of excellence in environmental protection.He said that this is his third visit to Romania, that he came as a commissioner, but he is a friend of Romania. He added that it is an honour to be in such a ...

În 2019, Bucharest’s green-certified real estate project owners may receive tax incentives

Thursday, December 13, 2018

2019 could bring a series of significant changes on the Romanian real estate market, and it could be a year of transformation taking into account the most important trends regarding the green certification segment. ”At the beginning of this segment’s development, 10 years ago, obtaining a sustainable certificate was in most cases a marketing decision for office project developers. But in recent years and at this moment it has become a cost ...

Rising coal consumption and flailing renewable energy investment - is climate change unavoidable?

Thursday, December 13, 2018

? Carbon dioxide emissions hit all-time high, as in particular, coal consumption accounts for almost 50% of energy related carbon dioxide emissions ? The world-wide ‘coal-fired generation’, is expected to continue increasing by up to 10% from now until 2027 ? Global investment in clean energy, in the third quarter of 2018 was US $67.8 billion, which represents a 6% drop, in comparison to the ...

Oil companies request gas royalties according to Romanian not Austrian price

Thursday, December 6, 2018

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Oil companies request authorities to modify laws in the field so that the reference price of gas, according to which royalties are calculated, should take into account transaction prices in the local market, according to a press release of the Oil and Gas Patron Federation (FPPG). At present, according to an order of the National Agency for Mineral Resources, issued early this year, the reference price of gas is calculated according to the market price ...

Green energy producers propose 35% share of renewable energy in Romania by 2030

Thursday, December 6, 2018

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The Employers’ Organization of Renewable Sources of Energy in Romania (PATRES) expresses its deep concern over the decisions of the Romanian authorities regarding the future of renewable energy in Romania, as reflected by the draft National Energy and Climate Plan, romania-insider.com informs. The European Commission will most likely recommend to Romania to revise its Energy Strategy and the Integrated ...

World Bank Group Announces $200 billion over Five Years for Climate Action

Thursday, December 6, 2018

The World Bank Group announced last Monday a major new set of climate targets for 2021-2025, doubling its current 5-year investments to around $200 billion in support for countries to take ambitious climate action. The new plan significantly boosts support for adaptation and resilience, recognizing mounting climate change impacts on lives and livelihoods, especially in the world’s poorest countries. The plan also represents significantly ramped up ambition from the ...

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