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Energy & Environment

EIB transferred 1.4 billion euro for the financing of the strategic projects in the energy sector in Romania

Thursday, June 9, 2022

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The European Investments Bank (EIB) transferred on Wednesday approximately 1.4 billion euro from the Modernisation Fund for the financing of strategic projects in the energy sector in Romania, announced the minister of energy, Virgil Popescu‘It is about: 8 projects lodged by CEO for the production of energy from renewable sources, total worth 670,802,780 euro, out of which 469,561,946 ...

ANRE: Some suppliers for energy have increased their prices artificially to receive more money from the state

Thursday, June 9, 2022

Some energy suppliers have increased their prices artificially to ask for more money from the state budget through the mechanism of capping and offsetting of invoices, according to a document of the National Authority for Energy Regulation (ANRE).These transactions concluded in order to artificially increase the price may be suspected, according to European regulations, of possible market manipulation, said ANRE representatives, who have started ...

The government approved the continuation of the financing of the closure of tailings ponds in the mining sector

Thursday, June 9, 2022

The government has approved the continuation of the financing of the closure of tailings ponds in the mining sector. There are greening works for several mines in view.     ‘It was necessary to approve a document which could let us continue the projects already started for closure and greening. It is about the mining objective from Baia Sprie – Iaz Tautii de Sus, Maramures county as well as other ...

Serinus begins Romanian drilling program

Thursday, June 9, 2022

* Serinus Energy will drill two wells sequentially into two separate natural gas prospects near Moftinu gas field in northwest Romania. Subject to results of the first two wells the company anticipates drilling a third well to complete this 2022 program, Oil & Gas Journal reads.   Serinus Energy PLC will drill two wells sequentially into two separate natural gas prospects near Moftinu , Satu ...

INVL Renewable Energy Fund I to Invest about EUR 120mln in Solar Power Plants in Romania

Thursday, June 9, 2022

INVL Renewable Energy Fund I to invest about EUR 120mln in solar power plants in Romania   The INVL Renewable Energy Fund I managed by INVL Asset Management, the leading asset management company in Lithuania, is beginning activities in Romania and plans to invest approximately EUR 120 million in the development of solar farms it has acquired.   Under agreements that have ...

KMG on the market differentiation of crude oil and petroleum products in Kazakhstan in the context of sanctions imposed on the Russian Federation

Thursday, June 9, 2022

The European Union approved on June 3, 2022, the sixth package of sanctions, which provides for a phased release of crude oil and petroleum products of Russian origin. The implementation of this measure will take 6 months for crude oil and up to 8 months for petroleum products.   These restrictions do not apply to purchases of crude oil from other countries and delivered by sea if such crude oil is loaded ...

GreenVolt takes over 45MW PV park in Romania for EUR 83 mln

Thursday, June 9, 2022

Portuguese group GreenVolt, a player in the field of renewable energy, reached an agreement with Samsung, through some of its subsidiaries, for the takeover of a 45 MW solar park in Giurgiu, evaluated at EUR 83 mln, according to a GreenVolt statement quoted ...

Romgaz’s strategic goal is to keep annual production decline below 2.5%

Thursday, June 9, 2022

Romgaz has completed an important investment objective in the Snagov priority onshore project, which consists of the development of an infrastructure containing technological installations for 11 wells, four groups of wells, collecting pipes, a drying station and a gas measuring panel.   According to a company statement, the Snagov project is included in the Development Strategy ...

Romania wants to abandon lignite and coal-based energy production by December 31, 2030

Thursday, June 2, 2022

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Romania has established that stopping production of electricity on lignite and coal until the 31st December 2030, by withdrawing from exploitation and the complete closing down of the energy capacities installed on lignite and coal base of 4,929 MW according to a draft of emergency ordnance regarding decarbonisation of the energy sector, published for debate by the ministry of energy.   In the energy sector, coal is ...

Transelectrica completes 60-M lei investment in strengthening national energy security

Thursday, June 2, 2022

The National Power Grid Company Transelectrica has completed the refurbishment process of the 220/110 kV Hasdat Transformation Power Station (Hunedoara County), an investment of more than 60 million lei, made from its own funds, according to a press release of the company sent on Tuesday.The works, started in 2018, have been carried out by the Siemens Energy Association - Tempos Serv, the association leader being Siemens Energy.The refurbishment ...

BSOG to begin offshore gas production in Romania's Black Sea on June 28

Thursday, June 2, 2022

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Black Sea Oil and Gas (BSOG) will kick off production at its shallow waters perimeter Midia, in Romania's Black Sea, on June 28, according to sources familiar with the event consulted ...

KREIF accesses 83 M euro syndicated loan to build new cogeneration plant at Petromidia

Thursday, June 2, 2022

The Kazakh-Romanian Energy Investment Fund (KREIF) has successfully concluded a syndicated loan totaling 83 million euros to finance the construction of the new cogeneration plant on the southeastern Petromidia platform.The estimated deadline for commissioning the cogeneration plant is the end of July 2023.According to a press release of the Fund, sent on Friday, the financing banks are Banca Comerciala Romana (BCR), as a mandated main arranger, ...

Romania may accelerate deepwater gas drilling as prices surge

Thursday, June 2, 2022

Romania may accelerate its first deepwater natural gas prospect amid a shortage of the fossil fuel in Europe, according to a partner in the Neptun Deep project, Bloomberg informs.   State-controlled Romgaz ...

President Iohannis promulgates offshore law

Thursday, May 26, 2022

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President Klaus Iohannis promulgated on Wednesday the normative act for amending and supplementing Law no. 256/2018 on some measures necessary for the implementation of oil operations by the holders of oil agreements regarding offshore oil perimeters, the Presidential Administration announced.The law was passed by the Chamber of Deputies last week, as a decision-making body.   According to the law, the Romanian ...

Romania to host first E2 center in Europe, with NuScale small modular reactor (SMR) simulator

Thursday, May 26, 2022

The first NuScale small modular reactor (SMR) simulator will be installed at Politehnica University of Bucharest to support the development of the workforce capacity of the next generation of experts, technicians and nuclear operators in Romania.The announcement was made during the "Small Modular and Advanced Reactors Workshop Planning IV" workshop, organized in Bucharest by the US Trade and Development Agency (USTDA), in partnership with the US Department of ...

Altex Group invests 2.3 mln euro in green energy projects for its ops

Thursday, May 26, 2022

Romania’s Altex Group announced on Tuesday it has invested over 2.3 million euro ($2.46 million) in renewable energy projects for its operations.   The funds were mainly used for the development of solar panels projects and for the purchase of energy efficient equipment for stores and logistics centres, Altex Group said in a press ...

11 companies from four countries show interest in purchasing Mintia power plant

Thursday, May 26, 2022

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As many as 11 companies from four countries have shown interest in purchasing the Mintia power plant, the electricity producer being to be put up for sale, through public auction, on July 15, at a price of 91.23 million euros."We have potential buyers, with whom we signed confidentiality agreements. There are 11 companies from Romania and abroad (Korea, Jordan, Canada, ed. n). Obviously that we will invite everyone and we will let them know about the auction ...

18,000 charging stations for electric cars, nationwide, until 2026, through PNRR

Thursday, May 26, 2022

 Prime Minister Nicolae Ciuca announced in western Cluj, on Friday, that a total of 18,000 charging stations for electric vehicles will be accomplished until 2026, through Romania's National Recovery and Resilience Plan (PNRR)."There is the National Recovery and Resilience Plan, there are funds allocated so that, nationwide, these charging stations to be installed, at least, at the moment, on the main routes, in order to support those that have electric cars. ...

Greenvolt pays Samsung EUR 83 mln for 45MWp PV park in Romania

Thursday, May 26, 2022

The Portuguese company Greenvolt - Energias Renováveis will acquire from the South Korean group Samsung a 45MWp photovoltaic park developed in the southern part of Romania in 2012, according ...

Energy from renewable sources: Commission urges Romania to transpose the Renewable Energy Directive

Thursday, May 26, 2022

*Energy from renewable sources: The Commission urges Croatia, the cirp, Germany, Greece, Hungary, Ireland, Luxembourg, Poland, Portugal and Romania to transpose the Renewable Energy Directive.   The Commission decided today, 19 May, to send reasoned opinions to Croatia, Cyprus, Germany , ...

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