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Energy & Environment
Energy generation project pipeline reaches 37,000MW in Romania
Thursday, November 10, 2022
The pipeline of energy generation projects already approved (but not completed) and waiting for approval by Romanian power grid operator Transelectrica sum up to a combined capacity of 37,000MWh, head of national grid dispatch (under the supervision of Transelectrica) Virgiliu Ivan announced in a conference organized by the Romanian National Committee of the World Energy Council. Most of the projects ...
DTEK group of Ukraine develops green energy projects in Romania with local partner
Thursday, November 10, 2022
Finas Group, a Romanian Cluj-based company active in the green energy market, has formed a joint venture with DTEK Renewables International - the largest private energy investor in Ukraine, controlled by billionaire Rinat Akhmetov - to develop green energy projects. The two partners already envisaged two projects worth a total of EUR 150 ...
OMV Petrom possibly interested in BSOG offshore project
Thursday, November 10, 2022
OMV Petrom (BVB: SNP), the most important oil and gas company in Romania, is reportedly interested in Midia Natural Gas Development (MGD) project, the only new offshore gas exploitation in the Black Sea that is furthermore reportedly open to strategic investors, according ...
Romgaz seals major contracts with Engie and E.ON, worth a total of EUR 0.9 bln
Thursday, November 10, 2022
Romanian natural gas producer and supplier Romgaz (BVB: SNG), controlled by the Romanian state, informed the investors on November 7 about the conclusion of four transactions with Engie Romania and E.ON Energie Romania, summing up to a total value of RON 4.5 bln (EUR 900 mln). The second-largest company listed on the local stock exchange thus sold RON 1.7 bln worth of gas to Engie, the largest local gas ...
Carlyle and EBRD seek strategic investor for their BSOG offshore project in Romania
Thursday, November 10, 2022
The shareholders of Black Sea Oil&GAS (BSOG), which has already started producing natural gas in Romania's offshore area, reportedly seek a strategic partner to join or even take over the project, according ...
E.ON: Suppliers can't find energy on the market with 2023 delivery
Thursday, November 10, 2022
The suppliers do not find energy on the market with delivery next year and thus cannot convey to their clients, especially for companies and industrial ones, how much the energy will cost, said Volker Raffel, the general director of E.ON Romania at the Focus Energetic conference."This must be unblocked, because how can a company make its plans if it uses electricity for production? Investment, financing, employment plans, if they don't know ...
OMV Petrom has completed share capital increase to over 6.231 billion RON
Thursday, November 10, 2022
On Thursday, OMV Petrom completed the increase of the share capital by over 560 million RON, currently exceeding 6.231 billion RON, by issuing a number of 5,667,558,723 new shares, with a nominal value of 0.1 RON each, according to a report submitted to the Bucharest Stock Exchange.The newly issued shares are available for trading on the regulated spot market operated by the Bucharest Stock Exchange starting Thursday, and the new global depositary receipts ...
Romania needs new nuclear capacities, clean, stable, affordable prices energy
Thursday, November 10, 2022
Large reactors, as well as small modular reactors have a valuable role to play, and Romania needs new nuclear capacities, clean, stable energy at affordable prices, as a solution to achieve energy security and consumer protection, said the general director of Nuclearelectrica, Cosmin Ghita, according to a press release from Nuclearelectrica.As part of the civil nuclear projects development program, the company organized in partnership with ROMATOM, together ...
USTDA awards 14 million USD grant to RoPower, Nuclearelectrica's SMR Project Company
Thursday, November 3, 2022
The U.S. Trade and Development Agency (USTDA) awarded a 14 million US dollars grant to support RoPower Nuclear SA (RoPower), the Project Company for the development of small modular reactors (SMR), recently established by Nuclearelectrica and Nova Power&Gas.According to a release of SN Nuclearelectrica SA, the grant will be used for the front-end engineering and design (FEED) study to advance the development project of Romania's first SMR nuclear power ...
Virgil Popescu, meeting with the representatives of the US Office for Energy Resources
Thursday, November 3, 2022
The minister of energy, Virgil Popescu met on Friday in the US with the representatives of the Office for Energy Resources and analysed the impact of the war in Ukraine on the energy markets. ‘During the discussion we had today with Geoffrey R.Pyatt, deputy secretary of the Office for energy resources from the US State Department we analysed the last evolutions with regard to the situation of ...
EnergMin: Canada will fund upgrading unit 1, building units 3 and 4 of Cernavoda n-power plant
Thursday, November 3, 2022
Canada will fund the upgrade of unit 1 and the construction of units 3 and 4 of the Romanian nuclear-power plant at Cernavoda, Energy Minister Virgil Popescu wrote on his Facebook page on last Thursday."The bilateral meeting with Jonathan Wilkinson, Canada's minister of natural resources, was a good opportunity to discuss the joint energy projects, especially nuclear energy projects. I told him that the upgrade of Unit 1 and the construction of Units 3 ...
Companies from US, Canada and France interested to cooperate with Nuclearelectrica in civil nuclear area
Thursday, November 3, 2022
Fluor Corporation (the US), Sargent & Lundy (the US), SNC Lavalin (Canada) and Framatome (France) companies will explore cooperation opportunities in the civil nuclear area, both in terms of the development of traditional and advanced nuclear reactors, with Nuclearelectrica, Minister of Energy Virgil Popescu announced on his Facebook page."Secretary of Energy Jennifer Granholm is a supporter of development and innovation in the area of energy, including ...
EnergyMin Popescu: Reducing high energy prices requires investments in new low-carbon capacities
Thursday, November 3, 2022
Reducing high energy prices requires investments in new capacities with low carbon emissions and nuclear energy is an important component of the energy mix, believes the Minister of Energy, Virgil Popescu, who participated in Washington, in the ministerial conference Nuclear Power in the ...
Ministry of Energy: Investments in new photovoltaic, wind capacities amount to 457 million euros
Thursday, November 3, 2022
Investments represent the healthy solution to overcome this crisis, and the amounts available in new photovoltaic and wind power production capacities amount to 457 million euros, the Secretary of State in the Ministry of Energy George Niculescu told Friday's Solar Energy Bucharest Summit."I will start by telling you a few words about the measures that the Ministry of Energy is taking in the short term and in the medium and long term to combat the energy ...
OMV Petrom reports almost RON 9.2 billion in net profit nine months into 2022
Thursday, November 3, 2022
OMV Petrom Group has reported RON 9.156 billion in net profit nine months into 2022, more than five times higher than the one reported in the same period last year, of 1.676 billion lei, amid high prices for coal and natural gas, according to the company's unaudited financial reports for January - September and Q3 2022 published on Friday on the website of the Bucharest Stock Exchange (BVB).In Q3, the net profit was RON 4.51 billion, as against RON 2.898 ...
Ministry of Energy: Winter stocks are more than 99% achieved
Thursday, November 3, 2022
The state secretary in the ministry of energy Dan Dragan said that the winter stocks, as they were defined are more than 99% achieved and there is no problem in ensuring the continuity in the supply of coal necessary for the production of electricity. ‘In Romania, through the balanced energy mix we have, we rely, in proportion of 20% on electricity production which fossil fuels. We refer to ...
Georgia, Azerbaijan, Hungary, and Romania will supply electricity to the EU
Thursday, November 3, 2022
Representatives of Georgia, Azerbaijan, Hungary, and Romania are planning to reach an agreement on the supply of electricity to the EU, said the head of the Ministry of Economy of Georgia, Levan Davitashvili, https://aze.media/ ...
Transelectrica has planned investments of 7,1 billion lei by 2031
Thursday, November 3, 2022
The regulatory Committee of the national Energy regulatory Authority (ANRE) approved Transelectrica’s investment plan for the period 2022-2031, worth 7,1 billion lei, according to a press release of ANRE. Thus, a percentage of 29% of the total value of investments planned during this period is allocated to works for re-technologisation of the existing transport electricity networks (RET) for the integration ...
Primary energy production up 2.9% in 2021, imports of energy resources up 13.8%
Thursday, November 3, 2022
Primary energy production increased last year by 2.9% compared to the previous year, imports of energy resources increased by 13.8%, gross internal energy consumption increased by 6%, and final energy consumption registered an advance of 7.9%, according to the data published on Wednesday by the National Institute of Statistics (INS).According to INS data, the total energy resources available in 2021 registered an increase compared to the previous year, ...
GreenGroup: Circular economy to reduce carbon footprint by 50% without stopping Jiului Valley coal extraction
Thursday, November 3, 2022
A circular economy comes with a decrease, on average, by 50% of the carbon footprint, without stopping to extract the coal from the Jiului Valley, declared, on Tuesday, during the PRIA Environment conference, Constantin Damov, the president of the Green Group."I'd say that it is a start now for all European and world nations to take steps towards circularity. The European average of circularity, not recycling, according to Eurostat, is 13.8%. The ...