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Energy & Environment
Gas for the population got cheaper on the Stock Exchange up to 38 lei MWh, almost half against the regulated price
Thursday, June 25, 2020
The price of gas for the population in Q3 of the year, once the deregulation of the market reached 38 lei/MWh at the the Romanian Stock Exchange for Goods, almost half against the regulated price at present, according to the quotations published by the stock exchange operator.On Friday there were the first tradings with gas on BRM on the basis of the programme of gas release established by the National Authority for Regulation in the domain of Energy (ANRE) with a ...
Energy minister accuses gas suppliers of abusing dominant position, being arrogant on eve of market deregulation
Thursday, June 25, 2020
Energy Minister Virgil Popescu continued on this Wednesday the accusations against the gas suppliers, reproaching them for abusing their dominant position in order not to reduce the price for the population, with the deregulation of the market, as of July 1.The minister attended on Wednesday the presentation of the second edition of the "Energy Security Barometer" in Romania, an event organized by the "Ion I.C. Bratianu" Institute of Political Science and ...
E.ON: With no reasonable long-term gas prices in place, no cut in household bills starting July 1
Thursday, June 25, 2020
Gas company E.ON Romania argues that the gas amounts on the market are not available for reasonable long-term prices, so as to allow a cut in household bills starting from July 1, but does not exclude that this will happen in the next period, the company said in a reply sent at the request of Agerpres.The gas market will be fully liberalized starting with July 1, and household consumers will no longer pay regulated prices. Whereas Minister of Energy Virgil Popescu ...
Consumers to play decisive part on gas market as they can change supplier at any time
Thursday, June 25, 2020
The liberalisation of the gas market in Romania will increase consumer awareness and encourage consumers to get more involved, to compare market prices and to better analyse offers in order to sign the best contracts, while having the right to change suppliers at any time, reads a response from the National Energy Regulatory Authority (ANRE) to a request for information filed by Agerpres.From July 1, the Romanian gas market will be completely liberalised. Romania ...
Fondul Proprietatea urges the state to analyse the risks of Hidroelectrica's acquisition of CEZ assets
Thursday, June 25, 2020
Fondul Proprietatea (hereinafter “The Fund”) urges the Ministry of Economy, Energy, and Business Environment, as majority shareholder of Hidroelectrica, to thoroughly consider the risks of acquiring CEZ assets and reject the Company’s request to submit a binding offer. The Fund strongly believes that the acquisition of CEZ assets by Hidroelectrica would not create value for its shareholders and affect its listing process and potential valuation, which, in ...
EBRD: Is green hydrogen the sustainable fuel of the future?
Thursday, June 25, 2020
* Investment could solve the climate crisis while stimulating the economy, an article issued by European Bank for Reconstruction and Development - EBRD reads Imagine a clean alternative to fossil fuels, one that leaves no greenhouse gas residues and even, unlike solar and wind renewables, can be used at any moment of the day or night, whatever the weather conditions. Imagine that using it instead of fossil fuels sharply ...
Electrica Group buys Stanesti Photovolatic Park and enters renewable energy production market
Thursday, June 25, 2020
Electrica Furnizare enters the electrical energy production market by acquiring the Stanesti Photovoltaic Park in Giurgiu County, owned by Long Bridge Millenium SRL. According to a press release of Electrica, Electrica Furnizare signed a sales agreement with Raylexo Limited and Long Bridge Management and Administrare SRL.With an installed capacity of 7.5 MW and a functioning capacity limited at 6.8 MW, the Stanesti Photovoltaic Park is located on a 17.5 ha area ...
Analysis: Demand for fossil fuels may not ever return to 2019 peak levels
Thursday, June 25, 2020
* New Analysis by Boston Consulting Group Reveals That the COVID-19 Crisis May Have Brought Forward an Expected Decline in Demand for Fossil Fuels by More Than a Decade, Making a Return to the 2019 Peak Unlikely While the short-term economic fallout of the global COVID-19 pandemic has already become visible, the crisis may have a significant long-term impact on global energy markets. recent ...
Romania's official power generation capacity with a total installed capacity is 20,654 MW
Thursday, June 25, 2020
On 19 June, Romania's official power generation capacities with a total installed capacity is 20,654 MW, according to the National Energy Regulatory Authority (ANRE), however the institution is in a process of analysis to determine which of the power plants truly work.On the ANRE website, an official statistics has been introduced, indicating the existence of installed capacity of 20,654,233 MW in total.Of the total, 32.4% represent hydro capacities ...
RWEA calls on Chamber of Deputies to unblock bilateral contracts
Thursday, June 25, 2020
Romanian Association for Wind Energy (RWEA) requests the Chamber of Deputies to reject the amendments brought by the bill (L321 / 2020) approved by the Romanian Senate on June 10, 2020, regarding the possibility of signing bilateral contracts outside the centralized market. These changes block investment in new energy production capacity, increasing Romania’s energy security risks, and limiting access for companies, municipalities and residential customers to energy ...
Nuclearelectrica: For 2020-2025 we planned investments of about 2.3 billion lei
Thursday, June 18, 2020
The shareholders approved on June 12 the new strategic investment plan of SN Nuclearelectrica for the period 2020-2025, told Energynomics Cosmin Ghita, CEO of Nuclearelectrica. The value of investment projects, strictly in the period 2020-2025, according to the strategy and stages of implementation, is of 2.29 billion lei. “We will make investments for which we already have a clear ...
CfD for renewables, nuclear, power storage and CCUS in Romania
Thursday, June 18, 2020
Romanian Government approved the general principles regarding the implementation of Contracts for Difference (CfD). This opens the way for the Ministry of Economy, Energy and Business Environment to contract the necessary consulting services to define in detail how this support scheme for low-carbon electricity production will work. The technologies considered as potential beneficiaries of the CfD scheme are nuclear ...
EconMin Popescu: Price of gas for population should decrease 10-15% otherwise Gov't to intervene
Thursday, June 18, 2020
The price of gas for household consumers should decrease by 10-15% from July 1, when the market is completely deregulated, otherwise the Government will use anti-competitive legislation to intervene, Minister of Economy, Energy and Business Milieu Virgil Popescu told private TV broadcaster Digi 24.He explained that, from July 1, 2020, the price of gas for the population will no longer be set by the National Energy Regulatory Authority (ANRE), but will be formed ...
Dietsmann completes the acquisition of KAROM, a Romanian service provider for energy production facilities
Thursday, June 18, 2020
Dietsmann, one of the leading global Operation & Maintenance providers for the energy industry, acquired the shares of KAROM Servicii Profesionale in Industrie from Kraftanlagen Romania and Kremsmueller Romania. The transaction initiated in late 2019 consolidates the Operations & Maintenance in the energy sector, creating knowledge and operational synergies for both companies. KAROM is a long-term provider of OMV Petrom ...
Nuclearelectrica BoD mandated to terminate negotiations with China's CGN for Cernavoda Units 3 and 4
Thursday, June 18, 2020
The Board of Directors of the National Company Nuclearelectrica SA (SNN) was mandated to initiate procedures for the termination of negotiations with China General Nuclear Power Group (CGN), as well as of the legal effects of the Memorandum of Understanding concluded in 2015 for the construction and operation of the Cernavoda Nuclear Power Plant Units 3 and 4.Thus, the Ordinary and Extraordinary General Meeting of Shareholders of June 12, 2020 has decided to ...
Govt. unlocks EUR 52 mln grants for PV panels
Thursday, June 18, 2020
Government’s environment agency AFM announced on June 10 that it would soon publish the list of eligible recipients of subsidies under the Casa Verde Fotovoltaice (Green House Photovoltaic) program. The agency has reviewed all the requests and approved 12,718 of ...
OMV Petrom increases stake in Bulgarian offshore project
Thursday, June 18, 2020
Spanish company Repsol has sold its stake in the Han Asparuh block in Bulgaria's Black Sea section to its partners OMV and Total, Economica.net reported. ...
Liberty Galati invests EUR 1.2 bln in green energy and bigger capacity
Thursday, June 18, 2020
Romanian minister of economy and energy Virgil Popescu announced a EUR 1.2 billion investment plan at the Galati steel plant, controlled by British group Liberty Steel since last ...
Primary energy resources down 8.4pct, January - April 2020
Thursday, June 18, 2020
The primary energy resources in the first four months of 2020 dropped by 8.4 per cent compared to the same period of 2019, whereas the electricity resources decreased by 1.5 per cent, the data published by the National Institute of Statistics (INS) on Friday showed.According to the official statistics, between January and April, the primary energy resources totalised 10.612 million tonnes oil equivalent (toe), decreasing by 979,000 toe compared to the same period ...
ENEL INCLUDED FOR THE FIRST TIME IN MSCI ESG LEADERS INDEXES
Thursday, June 18, 2020
The maximum score received in the MSCI ESG rating in 2019 paved the way for Enel’s inclusion in the most prestigious sustainability index series developed by research and index provider MSCI Enel has also been confirmed in the semi-annual reviews of the FTSE4Good index series and the Euronext Vigeo-Eiris 120 indices (World, Europe and Eurozone) Enel has ...