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Energy & Environment
AEI asks the Gov’t for urgent measures to avoid doubling the price of gas in 2025
Thursday, February 1, 2024
The Intelligent Energy Association (AEI) requests the Government, through an open letter, to urgently take some measures to avoid the doubling of the gas price in 2025, coming up with a proposal for a Post-Capping Energy Price Strategy. According to a press release, the price of natural gas reached on Monday on the TTF Stock Exchange the value of 27.85 euro/MWh, a price 10 times (925%) lower than the period in which Romania implements the gas price ...
Government to participate in public-private dialogue on circular economy, in collaboration with the International Finance Corporation
Thursday, February 1, 2024
The Romanian Government is collaborating as a key dialogue partner with the private sector in a pivotal workshop on circular economy, scheduled to take place in Bucharest, at the InterContinental Athénée Palace, Regina Maria Hall, on January 31, in a joint effort with the International Finance Corporation (IFC). This event represents a proactive step towards the operationalization of Romania’s Circular Economy Action Plan. The objective of this ...
PPC expands management team in Romania
Thursday, February 1, 2024
PPC said it expanded its local management team with two new Romanian directors. Ionut Duna is the general manager of PPC Energie and PPC Energie Muntenia, while Adrian Dugulan has been appointed general manager of PPC Renewables Romania. Ionut Duna has a solid background in the telecommunications, banking, IT&C and energy sectors. He worked for ...
Romgaz reports 3% decline in hydrocarbon production last year
Thursday, February 1, 2024
Romanian natural gas producer and supplier Romgaz (BVB: SNG) reported for last year a preliminary volume of extracted natural gas of 4.79 billion cubic meters - 30.97 million boe (oil equivalent barrels), down 3% compared to the previous year, according to preliminary operational results for 2023. As regards the electricity, Romgaz produced 13.3% less last year, namely 962.6 GWh. "In the field of exploitation of hydrocarbon deposits, the ...
Romgaz to issue EUR 500 mln bonds in H1
Thursday, February 1, 2024
Romania’s state-controlled natural gas company Romgaz (BVB: SNG) will launch during H1 the first of the two EUR 500 million bond issues planned to mainly finance the Neptun Deep offshore ...
Government approved the Elcen – Termoenergetica merger
Thursday, February 1, 2024
The government approved a memorandum by which the electricity and heat producer Electrocentrale Bucharest will merge with Termoenergetica, the owner of the thermal agent distribution network in the Capital. The new company could be established this year, and the majority stake would go to the Ministry of Energy. This in the conditions where Termoenergetica has debts of over 800 million lei in ...
Coal production down by 18.2%, imports decreased by 50.1% 11 months into 2023
Thursday, February 1, 2024
Romania's net coal production totaled, in the first 11 months of 2023, more than 2.313 million tons of oil equivalent, being 18.2% lower (minus 514,500 toe) compared to the same period in 2022, according to the centralized data of National Institute of Statistics (INS).In the mentioned period, Romania imported 185,600 toe of net coal, with 186,600 toe less (minus 50.1%) compared to the amount imported the previous year in the same period.According to the ...
Hidroelectrica expects lower profits after last year's record EUR 1.2 bln
Thursday, February 1, 2024
From a record of RON 6 billion (EUR 1.2 billion, +35% y/y) in 2023 achieved thanks to a record electricity output, Hidroelectrica expects its net profit to decrease to more normal levels in the coming years: RON 4.83 billion in 2024, RON 4.78 billion in 2025, and RON 4.65 billion (EUR 0.9 billion) in 2026, according to documents prepared by the company's management to the shareholders invited for a meeting on February 28. The company expects to sell ...
Energy minister, Transgaz sign funding contracts worth 93.58 million euros
Thursday, January 25, 2024
Energy Minister Sebastian-Ioan Burduja and Transgaz Director General Ion Sterian signed financing contracts worth 93.58 million euros for the construction of the Black Sea - Podisor and Ghercesti - Jitaru natural gas transmission pipelines."In the current geopolitical context, it is vital that projects to strengthen the natural gas transport infrastructure (hydrogen ready) obtain the funding allocated to Romania. I have said since taking office that I have ...
ENGIE Romania Bought 80MW Wind Farm
Thursday, January 25, 2024
ENGIE Romania has bought an operational wind farm with a capacity of 80MW, with RTPR providing legal assistance. The transaction is subject to the Competition Council approval and the fulfillment of the conditions precedent agreed by the parties. The RTPR team involved in this project was coordinated by Mihai Ristici (Partner) and Vlad Stamatescu (Counsel) and further included Bogdan Cordos (Energy Law Consultant), Cezara Urzica, Andreea Nedeloiu ...
Transgaz announces expansion of Vertical Corridor by adding three new operators
Thursday, January 25, 2024
An important step towards the activation of a bi-directional corridor of natural gas flows from Greece to Ukraine and vice versa was taken on Friday by the natural gas infrastructure operators participating in the Vertical Corridor initiative, through signing the Memorandum of Understanding by the operators from the Republic of Moldova (Vestmoldtransgaz), Ukraine (GTSO) and Slovakia (Eustream), a Transgaz press release informs.The Memorandum of Understanding ...
EBRD sells over 200,000 shares in Electrica, participation falls below 5 pct threshold
Thursday, January 25, 2024
The participation of the European Bank for Reconstruction and Development (EBRD) in Electrica's capital fell below 5%, after the international financial institution sold, at the beginning of this week, 205,505 shares of the company, according to a press release sent to the Bucharest Stock Exchange (BVB).Electrica informed investors and shareholders on Friday that, on January 19, 2024, it received a notification from EBRD, regarding the selling of ...
Solar parks in six counties get environmental permits
Thursday, January 25, 2024
Solar parks in six Romanian counties have been issued environmental permits from the National Environmental Protection Agency (ANPM), according to an ANPM press statement released on Friday."The solar parks in Arad County are an important category of projects approved by APM Arad in 2023, according to data provided by the county agency. They will be developed in the coming years by two private companies on impressive areas of 1,065 and 690 hectares, respectively. Such ...
Romania, Serbia to advance cooperation in gas, hydropower sectors
Thursday, January 25, 2024
Minister of Mining and Energy of Serbia Dubravka Dedovic Handanovic spoke last Thursday with Minister of Energy of Romania Sebastian Burduja about bilateral cooperation in the energy sector, the gas interconnection project and new investments in hydropower. Dedovic Handanovic pointed out that the two countries traditionally have good and friendly relations, a foundation for advancing cooperation in the energy ...
800 ml euros intended for company solar, wind and hydro energy production and self-consumption
Thursday, January 25, 2024
The Energy Ministry will launch in March two calls with a budget of over 800 million euros for applications intended for company solar, wind and hydro energy production and self-consumption, minister in charge Sebastian Burduja announced on Thursday."Quite a few questioned the Energy Ministry's ability to put the 16 billion euros from the Modernization Fund to work. In December 2023 we launched the call for public institutions to cover the electricity consumption from ...
Budget of two billion lei for the installation of photovoltaic panels in 2024
Thursday, January 18, 2024
The programme ' The Green Photovoltaic House' will have for this year a budget of two billion lei and we will stop when we have photovoltaic panels on the last roof in Romania, stated on Wednesday in a press conference the minister for environment, waters and forests, Mircea Fechet.'We will open a new session ' The Photovoltaic Green House' this year, if they find the installation capacity of these panels' Fechet said. Another new programme to be ...
Transocean, Halliburton manage Black Sea Neptun Deep drilling
Thursday, January 18, 2024
* OMV Petrom has confirmed two drilling contracts for its Neptun Deep gas field development in the Romanian sector of the Black Sea. OMV Petromhas confirmed two drilling contracts for its Neptun Deep gas field development ...
EnergyMin: Romania put into operation 10 times more electricity production capacity in 2023 vs. 2022
Thursday, January 18, 2024
Last year Romania put into operation 10 times more electricity production capacity than in 2022, and the increase is estimated to be even higher at the end of 2024, Energy Minister Sebastian Burduja said.Thus, in 2023, new power plants commissioned included: 496 MW solar, 72 MW wind and 56 MW hydro. The total is 624 MW installed capacity, new production capacities now available to the national grid. Compared to 2022, the total figure is almost 10 times higher (44 MW hydro ...
National electricity consumption down 5.7pct in Romania Jan-Nov 2023
Thursday, January 18, 2024
National electricity consumption in Romania decreased by 5.7% in the first 11 months of 2023, y-o-y, to a total of 44.664 billion kWh, according to data published on Tuesday by the National Institute of Statistics (INS).Commercial electricity consumption stood at 33.900 billion kWh, down 4.6%, while households used 8.6%, or 10.393 billion kWh, less electricity.At the same time, public lighting reported a decrease by 19.7%, to 370.2 million kWh, ...
Enexus Renewable Energy Initiates Romania’s First Solar Storage Power Plant Project
Thursday, January 18, 2024
Enexus Renewable Energy has taken a significant stride in the renewable energy market in Romania by officially commencing a major project in the first quarter of 2024. With the initiative to establish Romania’s first Solar Storage Power Plant, the company has taken a significant step towards contributing a sustainable energy production in the region, ...