Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Energy & Environment

Primary energy resources advance 0.9pct, Jan.-April, 2019

Thursday, June 13, 2019

190613104532business_man_hand_holding_lightbulb_450w_793595989.jpg

Romania's primary energy resources increased by 0.9pct in the first four months of 2019, while electricity prices decreased by 6.7pct from the same period of 2018, according to provisional data with the National Institute of Statistics (INS) released on Wednesday.Primary energy resources during the period January 1 - April 30, 2019 totalled 11.598 million tons of oil equivalent (toe), up 105,700 toe over the same period in 2018.Domestic production amounted to 6.849 ...

ANRM to launch new auction for the concession of 28 petroleum exploatation areas

Thursday, June 13, 2019

Ten years after the last round of public auctions, the National Agency for Mineral Resources will begin the 11th auction round providing 28 exploatation areas for concession, according to Florin Ciocanea, a state advisor for PM Viorica Dancila. There are 22 onshore and ...

Bogdan Badea, confirmed CEO of Hidroelectrica for a 4-year mandate

Thursday, June 13, 2019

Bogdan Badea, the CEO of Hidroelectrica, has been confirmed in his position for a 4-year mandate, after months of temporary mandates.    Hidroelectrica is the most profitable state-owned company in Romania. The Energy Ministry own 80 percent of company’s shares while Fondul Proprietatea has a 20 percent stake. Hidroelectrica has a board of directors with 5 members: Bogdan Badea, Marian Bratu, Razvan Pataliu, Radu Cristian Pop and Cristian Vladoianu.Their ...

Iberdrola to build the largest solar power plant in Europe

Thursday, June 13, 2019

Spanish utilities company Iberdrola will invest over EUR 300 million to build a solar power plant with a capacity of 590 MW in Spain’s Extremadura region, making it the largest such project in Europe and one of the largest in the world, according to Bloomberg. The plant, which will be called Pizarro, will house about 1.7 million solar panels on a 1,300-hectare site and will be ready by 2022. The developer says it will be able to meet the annual power needs of 375,000 ...

OMV Petrom completes EUR 46 mln investment at Romanian refinery

Thursday, June 13, 2019

OMV Petrom announced it completed an investment project worth EUR 46 million aimed at upgrading the Coker unit of its Petrobrazi refinery. A closed blowdown system was implemented at this unit, to eliminate any potential emissions of volatile organic compounds, thus supporting the reduction of the environmental impact. The Coker unit is an important point in the refining process as this is where heavy oil components from the other units are redirected and where the final oil ...

EU needs more wind and solar power to meet renewables targets, warn Auditors

Thursday, June 13, 2019

190613104611isolated_vector_illustration_clean_electric_450w_794669362.jpg

The EU needs to take significant action to generate more electricity from wind and solar power and meet its targets on renewables, according to a new report by the European Court of Auditors. Although both wind and solar power have recorded strong growth since 2005, there has been a slowdown since 2014, say the auditors. The Commission should urge Member States to support further deployment – by organising auctions to allocate additional renewables capacity, promoting citizen ...

ARIR: Electrica is joining the Romanian Investor Relations Association

Thursday, June 13, 2019

The Romanian Investor Relations Association (ARIR) announced today it has welcomed Electrica SA ...

Nuclearelectrica is preparing to build a new nuclear plant on its own

Thursday, June 13, 2019

Nuclearelectrica is getting ready for a developing on its own a nuclear plant in Cernavoda if the agreement with Chinese company CGN for the development of reactors 3 and 4 will not be completed, according to the state secretary at the Ministry of Energy Doru Visan. “The big investments in the energy system – which are for the long term, 10 years or more – are needed, even mandatory. In this extremely unstable context generated by this transition (from fossil fuels ...

ENEL INAUGURATES FLAGSHIP STORE IN BUCHAREST

Thursday, June 13, 2019

The supply companies of the group now have over 80 stores nationwide, one of the largest networks of a energy supply company in the country Over 5 million euros investment in the expansion of the retail footprint Enel marks today the opening of its flagship store in Bucharest, the concept store of its national retail chain of over 80 shops. Located in a modern and easy to reach space at the ground-floor of the new Enel ...

Gas price and CO2 certificates drove heating companies to the limit of survival

Thursday, June 13, 2019

The gas price has driven heating companies to the limit of survival, Doru Visan, state secretary at the Ministry of Energy, told at a conference organized by CNR-CME. “Hence, the need to regulate gas and electricity prices,” he continued. Last Autumn, the authorities have found that Romania has a 12,000 MW power generation capacity available, compared to the 20,000 MW figure previously considered. “Without any doubt, 8,000 MW were ...

E.ON plans to hire 300 more IT specialists at the Development and Innovation Center in Iasi

Thursday, June 13, 2019

E.ON Software Development (ESD), part of the German E.ON Group, has initiated an ambitious development plan of its activities in Romania, which means increases the number of employees from 100 persons to 400 over the next two years. Ia?i is one of the fastest developing university cities of Romania within the IT segment, this being one of the advantages taken into account by E.ON when deciding to set up a Research, Development and Innovation Center in this location for all Group ...

AHK Romania: Romania, enormous potential to develop energy business

Thursday, June 6, 2019

190606105653bild_104618_v_variantBig16x9_w_576_zc_915c23fa.jpg

Romania has an enormous potential to develop energy business and there is a major potential for developing energy efficiency, Sebastian Metz, Director General of the Romanian-German Chamber of Commerce and Industry (AHK Romania) said on Tuesday at a symposium on energy efficiency in industry."There is an enormous potential to make energy business here in Romania. We see here a" win-win "collaboration with Romanian companies. As much as 30 percent of saving has been reached in the ...

E-DISTRIBUTIE COMPANIES WILL INVEST OVER 11 MILLION EUROS IN SMART METERS ROLL-OUT THIS YEAR

Thursday, June 6, 2019

190606105855Contor_inteligent_E_Distributie.jpg

By the end of 2019, over 671,000 customers of the Enel Group’s Romanian distribution companies will have smart meters This year’s smart meter project will involve an investment of over 53 million lei (more than 11 million euros) E-Distributie Muntenia, Dobrogea and Banat, the Romanian distribution companies of the Enel Group, a world leader and pioneer in the smart meter technology, will install over ...

Conpet, oil pipeline network operator, to quadruple capital

Thursday, June 6, 2019

The shareholders of Romanian oil transport company Conpet Ploiesti, the owner of the country’s oil pipeline network, will vote in an Extraordinary General Meeting on July 4 on increasing the company’s share capital almost four times, from RON 28.6 million (EUR 6 mln) to RON 130.3 million (EUR 27 mln). The capital increase will be operated to include in the capital the value of the land the company owns and uses, not yet accounted as own capital. The state controls ...

CE Oltenia announces that all its 11 energy groups will meet EU requirements in March 2020

Thursday, June 6, 2019

In 2018, 3 complete NOx reduction plants were implemented and put into operation at energy groups no. 5 and 7 – SE Turceni and energy group no. 6 – SE Rovinari, announces EC Oltenia, stating that all its energy groups will comply with the current requirements of the European Union starting with March 30, 2020. In a press release, the EC Oltenia presents the current status of environmental investments in order to comply with the EU’s NOx emission values. At ...

IRENA :Solar, onshore wind energy becoming cheaper than new fossil fuel sources

Thursday, June 6, 2019

Electricity generated by onshore wind and solar photovoltaic (PV) technologies will be consistently cheaper in the next year than that generated by any kind of fossil fuel source, according to a report by the International Renewable Energy Agency (IRENA), cited by Reuters. IRENA’s report provides new evidence of the speed of the price decline for renewable energy sources, driven by higher production and technological improvements. “Onshore wind and solar PV are ...

Romanians will buy 20 percent more electric charging stations this year compared to 2018

Thursday, June 6, 2019

The search for a clean life is pushing Romanians towards electric cars and off-the-grid solutions for households. According to Dan Tudose, manager and owner of E-acumulatori.ro, Romanians will buy 20 percent more electric charging stations this year compared to 2018. “According to statistics, currently there are 1,100 electric cars in our country, with about 390 charging stations available. In 2018, 1,000,000 electric cars were registered in the ...

Tariceanu asks to reopen GEO 114 and sovereign fund discussions and privatize 15-20% of Hidroelectrica

Thursday, June 6, 2019

Leader of ALDE ( minor party at rule) Calin Popescu Tariceanu has announced that the ALDE remains in the coalition with the PSD at the helm of the government. He argued that he would ask Prime Minister D?ncil? to renounce definitively the idea of the GEOs on justice, but also to reopen discussions on the GEO 114. Tariceanu said that from the GEO 114 only the provisions related to ROBOR and the capping of the gas price for household consumers should remain, while the rest should disappear, ...

New and innovative platform to benchmark high energy performance buildings

Thursday, June 6, 2019

190606110015163182824.jpg

 With the target established by the European Commission (EC) of a full decarbonisation by 2050, the EU recognises the need to steer to a high-quality building stock. However, it is often the case that buildings do not perform as originally planned, because of their design and/or their use. The H2020 EU-funded project ExcEED launches a new platform orchestrating seamless integration of heterogeneous data related to building energy performances. The platform aims at accelerating energy ...

ANRE modifies the legislation of gas exchanges so that contracts with delivery periods of over one year can be concluded

Thursday, June 6, 2019

The National Regulatory Authority for Energy (ANRE) initiated a draft order for the amendment of the regulations of the centralized natural gas trading platforms, so that it is possible to conclude contracts with ...

Premium News

Daily

Thursday, December 12, 2019

Financial & Banking

Monday, December 9, 2019

Economic

Tuesday, December 10, 2019

Companies

Wednesday, December 11, 2019

Energy & Environment

Thursday, December 12, 2019