Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Energy & Environment

Restart Energy implements a photovoltaic system project worth over EUR 500,000 for Cottontex

Thursday, May 12, 2022

Restart Energy, one of the largest independent electricity suppliers on the local market, announces the signing of a contract worth over 500,000 euros with Cottontex, for the installation of voltaic photo generators with a combined power of 700 kWp.   The project involves the installation of 1556 photovoltaic ...

Eaton has acquired Green Motion, a company that manufactures electric charging stations

Thursday, May 12, 2022

Eaton is growing through acquisitions and it recently acquired a company that produces electric charging stations — Green Motion, which will appear in the group’s portfolio starting next year. At the same time, Eaton promotes ‘building as a grid’ solutions where existing equipment can be used to deliver energy to the ...

PM Ciuca: Neptun Deep perimeter gas to be extracted no later than 2026

Thursday, May 5, 2022

220505112535Image_1_Neptun_Deep_Gas_Field_Project.jpg

Prime Minister Nicolae Ciuca said on Tuesday, on the occasion of the signing of the assets takeover documents by Romgaz from Exxon for 50% of the Neptun Deep perimeter, that the gas will be extracted no later than 2026.According to him, the estimates give guarantees that there are large enough quantities to be able to supply gas to our neighbours, both in the region and in the European Union."It is the activity that has been prepared so that we can ...

OMV estimates Neptun Deep will require less than EUR 4 bln in production phase

Thursday, May 5, 2022

After the new Offshore Law comes into force, it will take between 9 and 12 months to make a final investment decision and another four years before starting gas production, Austrian group OMV's CEO Alfred Stern explained in an interview with APA news agency, speaking about the Neptun Deep offshore perimeter in Romania's Black Sea.   "The main issue is the tax regime for offshore oil and gas production in the Black Sea. This ...

The ministry of energy is working on the legislation which will allow the installation of wind turbines in the Black Sea

Thursday, May 5, 2022

The ministry of energy is working at present on the legislation which will allow the installation of wind turbines offshore, the target being that Romania becomes the first in this sector in the Black Sea, stated on Tuesday George Niculescu, state secretary in the ministry of energy, during an event which took place in Copenhagen.‘For the energy sector, we have in the National Plan for ...

The production of hydro, wind and photovoltaic energy estimated at almost 2.3 million tep in 2022

Thursday, May 5, 2022

220505112656stock_photo_renewable_energy_sunlight_with_solar_panel_wind_with_wind_turbines_d_illustration_water_with_585596042.jpg

The production of hydro, wind and photovoltaic energy this year is estimated at 2.295 million tons oil equivalent (tep), up by 3.6% as compared to 2021, according to the estimation of the National Commission for Strategy and Prognosis. In 2023, the production of energy from these sources would increase by 3.9% at 2.385 million tep, in 2024 by 4.1% at 2.485 million tep and in ...

Hidroelectrica pays EUR 760 mln in dividends this year

Thursday, May 5, 2022

On April 28, the Ministry of Energy - as the majority shareholder, and Fondul Proprietatea, a 20% shareholder of the largest electricity producer in Romania, Hidroelectrica, agreed to distribute RON 3.8 bln (EUR 760 mln) of the company's profits achieved in 2021 and before, as dividends.   The Ministry of Energy agreed with Hidroelectrica's proposal to distribute RON 2.8 bln from the 2021 profit but also approved FP's ...

Romanian state to sell 20pct in Oltenia Energy Complex in 2026

Thursday, May 5, 2022

The Romanian state has committed to sell 20pct of the Oltenia Energy Complex by December 31, 2026, according to the Restructuring Plan of the Oltenia Energy Complex, approved by the European Commission at the end of January and published on Monday on the Commission's website.On December 20, 2020, Romania notified the European Commission about the company's restructuring plan, in February 2021 the Commission started an analysis into this issue, and on January 26, ...

Energy prices surged 2.8 times within past 12 months for companies

Thursday, May 5, 2022

The prices of electricity, gas and heating paid by Romanian companies surged by 180% over the past 12 months as of March, which pushed up the overall industrial prices (factory-gate prices) by 52%, the statistics office INS announced.   Industrial price inflation accelerated faster than expected in March after it had calmed down in February, which may result in further deterioration in analysts’ ...

Romania calls for more investments in gas infrastructure

Thursday, May 5, 2022

Romania has already identified alternative sources and routes for natural gas to reduce dependency on Russian imports, but it needs the region’s gas corridors to become operational, the energy minister said.   EU energy ministers met in Brussels on Monday (2 May) to discuss the energy security in Europe after Gazprom cut supplies to Bulgaria and ...

Romania provides almost 40% of its oil needs from domestic resources

Thursday, May 5, 2022

Romania provides, from domestic resources, 40% of its oil needs , stated Filip Carlea, manager for Centre for Renewable Energy and Energy Efficiency. ‘From domestic resources, Romania provides almost 40% of its oil needs and the gas needs, from import, do not exceed 20%’ stated Filip Carlea, in a conference about the National Plan for Recovery and Resilience (PNRR) organized by Oxygen Events. He mentioned that, in this ...

OMV Petrom's Verchere: We no longer import crude oil from Russia, alternative sources more expensive

Thursday, May 5, 2022

OMV Petrom no longer imports crude oil from Russia in response to the conflict in Ukraine, but the alternative sources are more expensive due to higher transportation costs, said Christina Verchere, CEO of OMV Petrom, in an interview with Agerpres.In this context, the company is currently looking into all options for diversification of supply sources.In terms of natural gas, unlike other countries in the region, Romania has a low degree of dependence ...

Carpathian Modernized Energy Network Smart Grid Project becomes an EU Project of Common Interest

Thursday, May 5, 2022

The Carpathian Modernized Energy Network (CARMEN) Smart Grid project, developed by Delgaz Grid SA and CNTEE Transelectrica SA, in partnership with the Hungarian transport operator, MAVIR Magyar Villamosenergia-ipari A tviteli Rendszeriranyito, received the final approval of the European Union, being included on the 5th list of Energy Projects of Common Interest (PICs), informs E.ON in a press release .The CARMEN project has a value of approximately 150 million ...

Eurostat: Coal production and consumption see rebound in 2021 

Thursday, May 5, 2022

  In 2021, EU coal production and consumption saw an increase compared with 2020, experiencing a rebound following the low 2020 and 2019 values, which were partially caused by ...

Gov't, Oltenia energy works agree on increasing energy output

Thursday, May 5, 2022

Prime Minister Nicolae Ciuca said on last Thursday that the government will approve the revenue and expenditure budget for this year for the Oltenia SA energy works, adding that there is a commitment to increasing energy production."Today on the Government's agenda we have a very important item, namely approving the budget of revenues and expenditures of Oltenia SA. It is very important to get this budget, because we had discussions with the management of ...

EconMin about reopening mines: Romania is responsible for ensuring independence of European economy

Thursday, May 5, 2022

The Minister of Economy, Florin Spataru, declared in Prahova, on Thursday, that Romania has "the opportunity and responsibility" of ensuring the independence of European economy by reopening mines that can offer critical prime materials."In this crisis of raw materials, Romania has this opportunity, and I would say even responsibility, of ensuring the independence of European economy and to carry out an exploitation process and reopening some mines, not all ...

First Black Sea natural gas drill expected in mid-year

Thursday, April 28, 2022

220428101254BLACK_SEA_OIL_AND_GAS_top_banner_e1554151908878.jpg

Prime Minister Nicolae Ciuca said on Wednesday that the first natural gas drill in the Black Sea will happen in the middle of this year, with the new exploitation expected to provide about one billion cubic metres per year, which is 10% of the annual natural gas consumption in Romania."The first Black Sea natural gas drill will be conducted by Black Sea Oil and Gas in the middle of this year and then we will have an extra billion cubic metres per year ...

OMV Petrom vicepresident: Romania can become a “Blue hydrogen valley” in EU

Thursday, April 28, 2022

Romania can become a “Blue hydrogen valley”in EU, as it has gas resources, carbon storage capacities and varied industry which can use this resource, said Ionut Ciubotaru, vicepresident for business development, OMV Petrom, at a conference on Tuesday.   “At present we are the second gas producers in EU after the Netherlands and we have a big opportunity to become the first largest ...

ENEL X ROMANIA INSTALLS OVER 2,000 PHOTOVOLTAIC PANELS FOR RETAILER SELGROS, IN MUREs AND TIMIS COUNTIES

Thursday, April 28, 2022

220428101357EnelX_Selgros_Mures_2.jpg

The photovoltaic systems have a total installed capacity of over 900 kWp;   The two systems ensure an average annual production of over 960 MWh and contribute to the cut in carbon dioxide emissions of over 200 tons / year.   Enel X Romania, part of Enel X, the advanced energy services ...

Final consumption of electricity down 1.8pct in Romania, in January-February

Thursday, April 28, 2022

  Romania's national electricity consumption fell by 1.8pct in the first two months of the year, compared to the same period last year, according to data released on Thursday by the National Institute of Statistics (INS).Industrial consumption was 2.1pct lower, while the population used 1.1pct less electricity. At the same time, the networks' and stations' own electricity consumption increased by 1.2pct.The total electricity ...

Premium News

Daily

Friday, May 20, 2022

Financial & Banking

Monday, May 16, 2022

Economic

Tuesday, May 17, 2022

Companies

Wednesday, May 18, 2022

Energy & Environment

Thursday, May 19, 2022