Energy & Environment
Competition Council OKs Forte Gaz GN taking over by Premier Energy
Thursday, September 21, 2017
The Competition Council had authorized the transaction through which Premier Energy takes over Forte Gaz GN, a press release informs quotd by romaniajournal.ro. Premier Energy has operations in gas supply and distribution markets. It was established in 2007 under Petrom Distributie Gaze SRL name, at that time being controlled by OMV Petrom SA. In 2013, Ligatne Limited, Cyprus, took over this company from OMV Petrom SA by signing a share transfer ...
Net coal output totalled 2.667 million tones of oil equivalent January through July this year
Thursday, September 21, 2017
Romania's net coal output totalled 2.667 million tones of oil equivalent January through July, up 14.4 per cent (336,600 toe) y-o-y, according to data centralized by the National Institute of Statistics (INS). Romania imported 249,900 net toe of coal, down 26,900 toe (9.7pct) from the same period of the year before. According to Romania's Energy Strategy project published on the Website of the Energy Ministry, Romania is said to have total ...
The “how-to” guide on renovating shopping centres launched by CommONEnergy during a high-level event in Brussels
Thursday, September 21, 2017
CommONEnergy, a research project funded by the European Union, developed these past 4 years new strategies and solutions to retrofit existing shopping centres to reduce consumptions, increase energy efficiency and comfort. The project, coming soon to an end, presented its landmark publication, Guidelines on how to approach the energy-efficient renovation of shopping centres and awarded innovative shopping centres during a full day event in Brussels. A ...
The ministry of energy resumed the negotiations with the Chinese who want to build the reactors 3 and 4 from Cernavoda
Thursday, September 14, 2017
The ministry of energy resumed the negotiations with the Chinese from CGN interested to build the reactors 3 and 4 in Cernavoda, the Romanian party having a new mandate for more flexible negotiaitons, stated on Thursday the minister of energy Toma Petcu at the conference ‘ Plugged energy’ organised by the Bursa newspaper. ‘Recently there was a new meeting with the Chinese. We have a new mandate with multiple ...
Gov't requests Romgaz to pay 2017 dividend early
Thursday, September 14, 2017
Romanian natural gas producer Romgaz [BSE:SNG] said it has received a request from the government, its majority shareholder, for an early distribution of 750 million lei ($196 million/163 million euro) in dividend for 2017, seenews.com informs. Romgaz board will now convene to decide on a date for the ordinary general meeting of the company shareholders, which will have the approval of the request as the main item on the agenda, Romgaz said in a ...
OMV Petrom fined by Environment Guard
Thursday, September 14, 2017
OMV Petrom Romania company was fined with 60,000 lei by Olt County Commission of the National Environment Guard for the operation of 25 wells without the necessary documents. According to a press release of Tuesday, issued by Olt Environment Guard, the company did not observe article 94, paragraph 1 of government decision 195/2005 on environment protection. Environment commissioners applied a fine of 60,000 lei for the operation ...
Hidroelectrica's gross profit grew by 6% in first 7 months to 971.8 million lei
Thursday, September 14, 2017
Hidroelectrica, the energy producer, one of the most profitable state companies, recorded a gross profit of 971.88 million lei in the first 7 months of the year, on the rise by 6% compared to the same period of 2016,according to data published by the company on Facebook. The business figure made in the first 7 months amounted to 1.948 billion lei, while the net profit margin grew from 38% in July 2016 to 43% in July ...
Romania will host Group meeting on interconnection of gas networks in central and south eastern Europe
Thursday, September 14, 2017
Romania will host this year the CESEC summit over September 27-28, 2017, according to a government draft decision initiated by the Energy Ministry. “In order to accelerate the integration of gas markets in Central and South Eastern Europe and diversify natural gas supply sources, Romania next to Austria, Bulgaria, Croatia, Greece, Italy, Slovakia, Slovenia and Hungary initiated in 2015 a work group called CESEC (Central and South Eastern Europe ...
Michele Abbate, the new GM of Enel Energie and Enel Energie Muntenia
Thursday, September 14, 2017
Michele Abbate is the new general manager of Enel Energie and Enel Energie Muntenia, the two energy providers owned by Enel Group in Romania, a press release informs quoted by romaniajournal.ro. Michele Abbate has 25 years experience within the Enel group, with a large expertize on sales and customer care. His career started in 1992 in the business area dedicated tot he customer management. He has held various key positions, such as Head of Center ...
Rovinari Mining Exploitation will be activated as of September 15, 2017 until April 30, 2018
Thursday, September 14, 2017
The Rosia Lignite warehouse within the Rovinari Mining Exploitation will be activated and partially used as of September 15, 2017 until April 30, 2018, according to a Government Decision adopted at the sitting on Wednesday. This thing will allow the ...
Final energy consumption down 1.2 pct in first seven months
Thursday, September 14, 2017
The final electricity consumption dropped by 1.2 pct in the first seven months of this year as compared to the same period in 2016, to almost 31.8 billion kWh, reads a press release of the National Institute of Statistics (INS) sent on Tuesday "The final electricity consumption during this period was 31.796 billion kWh, 1.2 pct lower than in the ...
Competition Council is scrutinising the acquisition by Transeastern Power B.V. of OMV Petrom Wind Power S.R.L
Thursday, September 14, 2017
The Competition Council is scrutinising the acquisition by Transeastern Power B.V. of OMV Petrom Wind Power S.R.L. Transeastern Power B.V. is a holding Dutch company owning shares in various other entities. It operates ...
Prospex Oil and Gas raises £650,000 to fund Romanian drilling project
Thursday, September 14, 2017
UK-based Prospex Oil and Gas said on Friday it has raised £650,000 (709,175 euro) to fund a drilling project in Suceava county, in northeastern Romania, seenews.com informs. Prospex has raised the sum via an oversubscribed placing of 185.7 million ordinary shares of 0.001 GBP each at a price of 0.35 pence per new ordinary share, the AIM-quoted investment company said in a press release. The net proceeds of the placing will ...
Romanian Pavilion at EXPO Astana hosted a conference on energy and bio-based economy clusters
Thursday, September 14, 2017
The energy and bio-based economy clusters, the Danube Energy Hub concept and a series of innovative energy solutions were presented at the "Bioeconomy, sustainability and economic cooperation in the Eurasian area and implications for the EU strategy for the Danube region" conference, hosted by the Romanian Pavilion at EXPO Astana, informs ...
ANRE representative criticized the Government for failing to take measures to protect vulnerable consumers
Thursday, September 14, 2017
Minister of Energy Toma Petcu's statements on the functioning of the market represent a manipulation and the politicization of the National Energy Regulatory Authority (ANRE) will surely attract an infringement procedure against Romania from the European Commission, Florin Tobescu, ANRE head of service stated at the "Energy Plugged-in" conference, organized by the Bursa ...
MEPs agree to bolster EU’s draft renewable energy target for 2030
Thursday, September 7, 2017
The European Parliament’s energy committee confirmed on Monday (4 August) that MEPs want renewable energy targets to be more ambitious than the proposal put forward by the Commission, euractiv.com reads. Monday’s meeting of the Committee on Industry, Research and Energy (ITRE) saw MEPs debate 1,300 amendments to the European Commission’s initial proposal for a new directive on promoting renewable energy sources. ITRE is the lead ...
Energy Ministry will update energy strategy project until October
Thursday, September 7, 2017
The Ministry of Energy set up a work group to update Romania’s Energy Strategy Project for 2017-2030, by mid October. The document will continue a list of priority investments in the sector, as well as for reactors 3 and 4 from Cernavoda, Tarnita hydro power plant and a new group at Otlenia Energy Complex, said Andrei Marioreanu, secretary of state in the Energy Ministry. “Romania has now an energy strategy approved in 2007, which included ...
FONDUL PROPRIETATEA: UNFOUNDED AND ABUSIVE ACTION OF THE MINISTRY OF ENERGY TAKEN AT HIDROELECTRICA’S GSM ON 31 AUGUST 2017
Thursday, September 7, 2017
At Hidroelectrica’s GSM on 31 August 2017, the Ministry of Energy, representing the Romanian State as majority shareholder of Hidroelectrica, approved its own proposal for the initiation of court proceedings against Oana Truta, Hidroelectrica Supervisory Board member, Fondul Proprietatea said în a statement sent to ACTMedia. This situation automatically triggers the revocation of Ms. Truta from her position as Board member. Fondul ...
PM Tudose on Rosia Montana: exploitation of natural resources must be done with respect for the environment by the Romanian Government
Thursday, September 7, 2017
Prime Minister Mihai Tudose said on Tuesday that a middle ground should be sought in the case of Rosia Montana gold mining project, noting that he does not support gold ...
Transgaz out of competition to buy Greece’s gas grid operator
Thursday, September 7, 2017
The joint venture of Romanian company Transgaz and French firm GRTgaz, which were on the short list to buy a 66% stake in Greece’s natural gas grid operator DESFA, were disqualified from the tender, romania-insider.com reports. The shareholder structure of the two groups is not completely separate, as required by a European directive, according to the Greek publication Kathimerini. “The rating ...