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Energy & Environment
Natural gas, the main fuel in 2030 for the domestic energy production
Thursday, October 27, 2016
Natural gas might become the main fuel in 2030 for the domestic energy production, with a share of 45 percent, followed by nuclear energy with 12 percent, according to the data of Romania's Energy Strategy 2016-2030 project, presented on Tuesday by Project Coordinator Radu Dudau at a specialist conference. Therefore, the basic scenario for 2030 includes a ...
Minister Palmer: Romania will continue to invest more than 20 billion euros in reducing water pollution in the Danube Basin
Thursday, October 27, 2016
Romania has invested and will continue to invest more than 20 billion euros in reducing water pollution in the Danube Basin, with all these efforts expected to have a significant impact on marine environment quality, Romania's Minister of the Environment Cristiana Pasca Palmer told a High-Level Conference towards Enhanced Cooperation on Black Sea Fisheries and ...
Enel Romania to invest RON 36 mln for improving retail client relationship infrastructure
Thursday, October 27, 2016
Enel Energie and Enel Energie Muntenia have invested in the development of customer relations services by acquiring a package of inbound calls and back-office services, business-review.eu reports. The investment value goes to over RON 36 million and the services acquisition will be made through the Public Acquisition Electronic System. „We’re glad to offer our customers an improved experience regarding the electric energy supplier. ...
Willem Schoeber, former manager with Shell and EWE was named manager with Electrica
Thursday, October 27, 2016
The General Meeting of Electrica SA decided in the meeting of Friday the naming of Willem Jan Antoon Henri Schoeber as independent member of the Board according to a press release of the company. ‘This nomination comes as a result of the vacating of a position of member in the Board of Electrica SA after Michael Boersma gave up his quality as member starting with 1 May 2016. The duration of the mandate of the new member of the Board will be equal ...
Energy from renewable sources accounted for 4,698 MW at end-August 2016
Thursday, October 27, 2016
Installed power of energy producers from renewable sources accounted for 4,698 MW at end-August 2016, show data released by Transelectrica on Friday. Thus, there were wind farms of 2,961 MW, photovoltaic panels with a total capacity of ...
Bulgaria-Romania gas link to be operational in mid-November
Thursday, October 27, 2016
Austria's Habau, the company leading the construction of the section of the gas interconnector Bulgaria-Romania under the Danube river, said on Thursday that the project will be completed next month, seenews.com reports. "We have successfully managed to install the first pipeline and we expect that in the middle of November both pipelines will be operational," Karl Leidenfrost, Habau managing director for Romania said at the fourth annual Black Sea Oil ...
OMV Petrom global depository receipts were listed on London Stock Exchange
Thursday, October 27, 2016
OMV Petrom global depository receipts were admitted to trading on the main market for listed financial instruments of the London Stock Exchange, informs an ad on the website of the Bucharest Stock Exchange (BVB). "On October 20, 2016, following the closing ...
European Parliament’s backing of fracking outrages critics
Thursday, October 27, 2016
The European Parliament has welcomed more imports of fracked gas from the US, leading to criticism questioning the EU’s commitment to the Paris Agreement on climate change, EurActiv Germany reports. Although the EU’s gas demand is at a 20-year-low, the bloc’s falling ...
President Iohannis: Well-thought strategy in energy sector, needed
Thursday, October 20, 2016
President Klaus Iohannis on Tuesday said that a well-thought strategy is needed in the energy area, showing that in the connected industries there are dissatisfying developments as "things have entered a cone of shadow." "We must be very aware that Romania currently has a huge potential in the energy area. We have the Nuclear Power Plant, it is self-evident ...
Romania's Nuclearelectrica extends talks with China's CGN for new Cernavoda NPP units
Thursday, October 20, 2016
Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said on Tuesday it extended negotiations with China General Nuclear Power Corporation (CGN) for the construction of reactors 3 and 4 until December 20, seenews.com reports. If an agreement is not reached by the new deadline, each party will be able to cease the memorandum of understanding relating to the project, the company said in a statement filed ...
Nuclearelectrica's Lulache says negotiations over nuclear units 3, 4 have reached finish line
Thursday, October 20, 2016
Negotiations with China's CGN over the construction of units 3 and 4 at the Cernavoda nuclear-power plant have reached the finish line, and among the unsettled aspects is the role of the Romanian Government in the project, Director General of Nuclearelectrica, Romania's national nuclear power operator, Danilea Lulache told Agerpres on Wednesday. "We are on ...
Canada's Euro Sun Mining wins new prospecting permit in Romania
Thursday, October 20, 2016
Canadian exploration and development company Euro Sun, formerly known as Carpathian Gold, said on Wednesday it has been granted a new prospecting permit in west-central Romania, seenews.com reports. The permit, issued by Romania's National Agency for Mineral Resources, ANRM, is for the Stanija area, located about 3 km east of the company's Rovina Valley existing mining perimeter. "The Stanija property covers 42 square km in the ...
Romania's net coal production over the first eight months of 2016 , down 11.5 percent
Thursday, October 20, 2016
Romania's net coal production over the first eight months of 2016 amounted to 2.652 million tonnes of oil equivalent (toe), down 11.5 percent (345,500 toe) from the same period of 2015, according to data with the National Institute of Statistics ...
The Board of Directors Approved MOL’s New Long-Term Strategy
Thursday, October 20, 2016
MOL’s Board of Directors formally approved the company’s new long-term strategy, “MOL Group 2030”, at its meeting held on 13th October 2016, the company says în a statement sent to ACTMedia last Friday. The key pillars of the new strategy are the following: Strengthen and sustain MOL’s regional leadership position in CEE. MOL Group shall sustain its regional leadership in its core ...
Reuters: OMV sells 19 oil fields in Romania to Mazarine Energy
Thursday, October 20, 2016
Austria-based oil and gas company OMV has agreed to sell to Mazarine Energy, an oil and gas production and exploration company backed by private equity fund Carlyle Group, 19 onshore oil fields in Romania for an undisclosed purchase price, the companies said in a statement quoted by Reuters. ** The transaction is expected to complete in late Q4 2016 when Mazarine Energy Romania will assume operatorship of the fields and take on over 200 staff currently ...
Romania's Hidroelectrica 9-mo gross profit rises 30% y/y
Thursday, October 20, 2016
Romanian hydropower producer Hidroelectrica said on Thursday its gross profit rose 30% year-on-year in the first nine months of 2016, reaching 1.13 billion lei ($276 million/ 251 million euro), seenews.com informs. In September alone, Hidroelectrica posted a 93 million lei gross profit, double compared to the same period in 2015, the company said in a press release. During the January-September period, Hidroelectrica ...
ETS emissions fall as EU cuts surplus carbon quotas
Thursday, October 20, 2016
Greenhouse gas emissions from the main sectors covered by the European carbon market fell between 2014 and 2015, according to the European Environment Agency (EEA), EurActiv’s partner Journal de l’Environnement reports. The EEA’s latest report contains encouraging news. According to the ...
Romania can contribute to the creation of the new European legal framework for renewable energy
Thursday, October 13, 2016
Romania got experience in the area of renewable energy and thus can contribute to the creation of the new European legal framework for 2030 stated the state secretary in the ministry of energy Corina Popescu. According to a press release of the Internnational Agency for Renewable energy (IRENA) IRENA and the Romanian ministry for energy organised on Friday in Bucharest a workshop on the issue of development of the renewable sector in the ...
Additional 20 million lei for the Green House programme for individuals
Thursday, October 13, 2016
The Ministry of the Environment, Waters and Forestry (MMAP) has provided an additional 20 million lei for the Green House programme for individuals, which enlarges the base of beneficiaries to include 3,000 potential new applicants, MMAP said Wednesday. The ...
The state collected in September over 15.2 million euro out of the certificates for greenhouse gas emissions
Thursday, October 13, 2016
The state collected in September over 15.2 million euro following the trading on the bidding platform of the European Union of the certificates for greenhouse gas emissions belonging to the stationary installations and the aviation sector according to a document published on the site of the ministry of public finances (MFP). According to the quoted source there were traded over 3.6 million certificates belonging to the stationary installations worth almost 15.2 million euro. ...