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Energy & Environment
Enel reportedly in talks for selling minority stakes in its Romanian subsidiaries
Thursday, February 6, 2020
Italian utility group Enel, Europe’s biggest utility group and one of the largest foreign investors in the energy sector in Romania, has started discussions for the sale of minority stakes in its local subsidiaries, according to unofficial sources quoted ...
Competition authorized the acquisition of Panebo Gas by Gaspeco
Thursday, February 6, 2020
The Competition Council authorized the transaction by which the company Gaspeco L&D SA took over Panebo Gaz SRL. Gaspeco L&D SA carries out sales operations of LPG on the following activity segments: charging and LPG distribution in cylinders, bulk LPG distribution, LPG Auto distribution, wholesale LPG marketing. The activity of Panebo Gaz SRL consists in the acquisition, charging and distribution of LPG through its own ...
The Ministry of economy: the extension of the nuclear station in Cernavoda should be done together with companies from the NATO member countries of from the EU
Thursday, January 30, 2020
The minister of economy Virgil Popescu restates his opinion according to which the extension of the nuclear power station in Cernavoda should be done together with companies from NATO or EU member countries, saying that Nuclearelectrica does not have the capacity to build a nuclear reactor, on its own, having in mind the idea that the state has a policy which includes the non –collection of dividends from the company, as it happened last ...
European green deal, climate law to be part of Romania's to do list
Thursday, January 30, 2020
A European green deal and a European climate law will be part of Romania's to do list moving forward, and achieving new goals of the European Union, as established under this package of measures, entails major changes for Romania that deals with the environment, climate change, energy, industry, transport, agriculture, digitisation and the financial sector, Romanian senior official with the Ministry of the Environment, Water and Forestry Iulian Octavian Stana said in Brussels ...
Busoi MEP: EU’s industrial strategy must be ‘in total accordance’ with Green Deal
Thursday, January 30, 2020
This article is part of euractiv.com special report Raw materials in the EU economy. Cristian Busoi, the chair of the European Parliament’s industry and energy committee, says MEPs are eager for a far-reaching strategy from the European Commission. Thierry Breton, the European ...
Head of Oltenia Energy Complex, Sorin Boza, dismissed due to prejudice brought to company
Thursday, January 30, 2020
The Supervisory Board of the Oltenia Energy Complex decided to replace the director general of the company, Sorin Boza, due to the prejudice brought to the company and the fact that he was selected illegally, the Minister of Economy, Energy and the Business Environment, Virgil Popescu said on Tuesday."Yesterday [e.n. - Monday] there was a rather long meeting of the Supervisory Board [CS] of the Oltenia Energy Complex that took all day, and there was a discussion ...
CE Oltenia sells below cost to secure the market share and to keep prices down
Thursday, January 30, 2020
The estimated average selling price of CE Oltenia was higher, in 2019, than the weighted average of bilateral contracts calculated by OPCOM for the entire market. However, the price obtained by the coal-based producer did not fully cover the cost of production including the price of CO2 certificates. That is why, after the over 1 billion lei loss in 2018, CE Oltenia expects “certain losses” in 2019, as well. The financial result for 2019 ...
Investors propose green energy projects to be financed under EU ETS in RO
Thursday, January 30, 2020
Companies active in the production of electricity from renewable sources in Romania have submitted new projects amounting to several billion euros and with a total installed capacity in excess of 1,000 MW to be financed from the European Union’s budget under the so-called “10 d” mechanism - the Modernization Fund. Germany’s WDP has proposed the largest number of big projects, mostly wind farms combined with co-generation plants ...
OMV Petrom puts up for sale its assets in Kazakhstan
Thursday, January 30, 2020
Romanian oil and gas group OMV Petrom has started the process of selling its oil and gas fields in Kazakhstan, the group’s only assets abroad, according to documents consulted ...
EU Green Deal to wipe off 40% of Romania’s installed power capacity
Thursday, January 30, 2020
Romania risk losing 40% of its power generation capacity as a result of the European Union’s decarbonisation program Green Deal and “solutions to substitute this loss are urgently needed”, Romania’s prime minister Ludovic Orban stated in a discussion with representatives of the business ...
Eurostat:Wind and water provide most renewable electricity
Thursday, January 30, 2020
The share of total gross electricity consumption in the European Union (EU) which is generated from renewable sources is increasing steadily year-by-year. In ...
Romania imported 7.17 million toe of crude oil in Jan-Oct 2019
Thursday, January 23, 2020
Romania imported 7.17 millions toe of crude oil in the first ten months of 2019, by 167,700 toe (2.4 per cent) more than the quantity imported in the same period of 2018, according to data centralized by the National Institute of Statistics (INS).The total crude oil production totalled 2.778 million toe, by 1.2 per cent (33,500 toe) less than in the previous year.According to the Energy Strategy draft published on the Website of the Ministry of Energy, ...
Electricity transmission tariffs, down 1.96pct in Romania as of January 16
Thursday, January 23, 2020
Transelectrica reduced its electricity transmission tariffs by 1.96pct as of January 16, 2020, as a result of a cut in the contribution paid to the National Energy Regulatory Authority (ANRE) from 2pct to 0.2pct of the business turnover, according to a report submitted on last Friday to the Bucharest Stock Exchange (BVB)."Transelectrica SA National Electricity Transmission Company informs the investing public about the publication in the Official Journal 28 / ...
Romania could get EUR 757 mln EU grants for replacing coal in its energy basket
Thursday, January 23, 2020
Romania will be the third-largest recipient of European funds under the European Union’s program aimed at facilitating the transition to green industrial systems, a document quoted by Euractiv.com shows. The European Commission has allocated EUR 7.5 billion to the Fair Transition Fund (JTF), which is intended to provide assistance ...
Gov't wants to re-open case against kazakh-owned local company Rompetrol Rafinare
Thursday, January 23, 2020
The Romanian state wants to re-open the case against kazakh-owned local company Rompetrol Rafinare - the owner of the largest oil refinery in Romania - Petromidia. The case was closed by the Directorate for Investigating Organized Crime and Terrorism (DIICOT) last December due to lack of grounds for indictment. The Authority for State Asset Management (AAAS) has challenged the closing of the Rompetrol file by DIICOT, according ...
ANRE reduces electricity transmission and distribution tariffs, as a result of eliminating the 2% contribution
Thursday, January 23, 2020
The National Energy Regulatory Authority (ANRE) reduced electricity distribution and transportation tariffs with weights between 1.7% and 1.9%, starting with January 15, 2020, after eliminating the 2% contribution from the figure of businesses that the energy companies paid to the authority’s budget. Thus, according to some projects of order, the transport tariff will be reduced by 1.9%, up to 17.97 lei per MWh, according to ...
OMV Petrom signs agreement to transfer 40 fields to Dacian Petroleum
Thursday, January 23, 2020
OMV Petrom has announced that it has reached an agreement for the transfer of 40 onshore oil and gas fields in Romania to Dacian Petroleum, as part of a business transfer arrangement. ”The transfer of rights and obligations under the concession agreements is subject to approval by the relevant authorities, pursuant to the Petroleum Law. The transfer is part of the portfolio optimization program within the Upstream Division of OMV Petrom, ...
EBRD and EU agree €50 million financial guarantee to boost renewable energy in EU Neighbourhood
Thursday, January 23, 2020
EBRD and EU to provide loans and risk cover for private sector renewable investments First EBRD guarantee programme supported by EU’s External Investment Plan Ukraine, Jordan, Lebanon and Tunisia to benefit from wind and solar energy expansion The EBRD ...
ENEL INCLUDED FOR THE FIRST TIME IN THE BLOOMBERG GENDER EQUALITY INDEX AND CORPORATE KNIGHTS GLOBAL 100 RANKING
Thursday, January 23, 2020
Enel and its Spanish subsidiary Endesa are among the 325 companies praised by Bloomberg for their commitment and transparency with regards to gender inclusion Enel was also included for the first time in the Corporate Knights Global 100 Most Sustainable Corporations in the World ranking, reaching the 8th position Enel has been included for the first time in the ...
ANRE decreases the yield for gas distribution to 5.66%
Thursday, January 23, 2020
The energy regulator (ANRE) has decided to decrease the rate of return on capital (RRR) for gas suppliers in the regulated area, for gas distribution, for the period 1 May-30 June 2020, to 5.66%, it is shown in a draft order posted on the institution’s website. Thus, the old rate of return, of 6.9%, repealed from May 1, remains valid until April 30, for the period January 1-April 30, while later, until June 30, a rate of 5.66% is applied, reveals ...