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Energy & Environment

Simtel Team built two electric power stations for Kaufland Romania

Thursday, August 26, 2021

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Simtel Team (SMTL), a Romanian company for engineering and technology listed on the AeRO market of the Stock Exchange Bucuresti announced on Tuesday that they built for the retailer Kaufland Romania two electric power stations which meant the installation of over 1,300 photovoltaic panels. The company has as a project the construction of 3.5 MW of photovoltaic power stations, which mean over 9,300 photovoltaic ...

EBRD - shareholder in VMTG, the subsidiary of Transgaz in the Republic of Moldova

Thursday, August 26, 2021

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The National Gas Transmission Company "TRANSGAZ" SA reports that the EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD) has become, starting with the 25th of August 2021, a shareholder with a 25% interest in the share capital of the gas transmission company VESTMOLDTRANSGAZ SRL, the subsidiary of TRANSGAZ in the Republic of Moldova, which owns and operates the gas transmission pipeline ...

Minster Tanczos, on anti-plastic ordinance: Control goes to producer and importer, not the trader

Thursday, August 26, 2021

 The control, based on the emergency ordinance prohibiting the placing on the market of certain disposable plastic products, goes to the producer and the importer, not to the trader, the Minister of Environment, Waters and Forestry Barna Tanczos told a Wednesday's press conference held at Victoria Palace."The control will be carried out, after the publication of the emergency ordinance, on the production capacities and on the imports. The stocks ...

Renewable energy to be more expensive without smart infrastructure

Thursday, August 26, 2021

Wind and solar energy cannot be used at full capacity without a smart electricity transmission and distribution infrastructure, which will lead to low profitability and a higher price for consumers, said Corneliu Bodea, president of the Romanian Energy Center (CRE) and CEO of Adrem, within the "New technologies in energy" project. "A sound policy for the development of a country's energy infrastructure should be ...

The price of natural gas is rising, amid declining production and more expensive imports

Thursday, August 26, 2021

Romania’s natural gas production fell below 9 billion cubic meters (bcm) in 2020, to its lowest level since 1970, since when oil giant BP has been publishing its annual report on the global energy market and resources ...

Money from the state for the energy bills of 400,000 vulnerable consumers

Thursday, August 26, 2021

The adoption of the law on the vulnerable consumer is one of the PNL’s priorities in the new parliamentary session, says Eugen Tapu-Nazare, vice-president of the PNL group in the Romanian Senate. If the law is approved in Parliament in September, vulnerable consumers will receive support for energy and gas bills starting this fall, said ...

Electrogrup starts installing 16 recharging e-charging stations in Oradea

Thursday, August 26, 2021

The constructor and supplier Electrogrup has taken over the location and will soon begin the execution of the contract for the installation of 16 charging stations for electric vehicles in the public parking lots in ...

Restart Energy One in Romania concluded a private round of investments of 21 million euros

Thursday, August 19, 2021

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Restart Energy One, one of the biggest independent suppliers of electricity and natural gas in the local market, announced on Monday the conclusion of a private round of investments with Tejas Capital (USA) for 21 million euros.   „ Restart Energy One, one of the biggest independent suppliers of electricity and natural gas in the local market, announced the conclusion of a private round of ...

Rompetrol Rafinare's financial results in the first half of 2021

Thursday, August 19, 2021

Rompetrol Rafinare, member company of the KMG International Group, recorded increasing financial results in the first half of this year, compared to the same period of 2020, as a result of the increase in sales, along with the positive evolution of international quotations for petroleum products.   "The relaxation of the restrictive measures, ...

Romania to adopt Single-Use Plastics Directive

Thursday, August 19, 2021

Minister of the Environment, Waters and Forestry Tanczos Barna wrote on Friday on his Facebook page that his ministry has been working for several months on implementing in Romania the European Union Directive on the reduction of the impact of certain plastic products on the environment, also known as the Single-Use Plastic (SUP) Directive and that this process will end next week with the government adopting the directive."I am glad that there are companies that ...

Romgaz records net profit worth 761.6 million RON in the first semester

Thursday, August 19, 2021

Romgaz has reported a net profit worth 761.6 million RON after the first half of this year, dropping by 4.9 pct compared to the 800.8 million RON net profit recorded in the same period of last year, according to the half-year report sent by the company to the Bucharest Stock Exchange (BVB).Romgaz had a turnover of 2.250 billion RON in the first six months of the year, a 2.58 pct increase over the similar period of 2020.The incomes of the company were ...

Nuclearelectrica registers rise in net profit by 12.3%, to 385.4 million RON, in H1

Thursday, August 19, 2021

The National Company Nuclearelectrica (SNN) registered, during the first half of this year, a net profit of 385.393 million RON, rising by 12.3%, in comparison with the similar period of 2020, according to the company's financial results, published on the Bucharest Stock Exchange (BVB).At the same time, the exploitation result (EBIT) registered a leap of 17.1%, and EBITDA a growth by 9.9% reported to the reference period.Furthermore, exploitation ...

Transelectrica reports 104 million RON net profit after first half of year, 10 pct drop

Thursday, August 19, 2021

Transelectrica reported a net profit worth 104 million RON after the first half of the year, a 10 pct drop compared to the similar period of last year, according to the Half-Yearly Report sent by the company to the Bucharest Stock Exchange (BVB).In the January - June 2021 period, the company obtained operational income worth 1.42 billion RON, an increase of 30 pct over the corresponding period in 2020, the advance being determined, mainly, by the increase in the ...

Polish oil company Serinus Energy suspends explorations in Romania

Thursday, August 19, 2021

Polish oil company Serinus Energy plc (AIM:SENX, WSE:SEN), discovered gas at Sancrai-1 exploration well in northwestern Romania perimeter it operates, on July 15, but the testing programme was unable to record the flow of gas in the selected zones. Therefore, it suspended explorations pending further technical studies to better understand the structure and evaluate the options ...

EBRD: Cernavoda - Tritium Removal Facility

Thursday, August 19, 2021

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Project description   The proposed project is to construct a tritium removal facility (TRF) at the Cernavoda nuclear power plant, owned by S.N. Nuclearelectrica SA, the Romanian state-owned nuclear power company.   Nuclearelectrica operates two CANDU (Canada Deuterium Uranium) units at its Cernavoda Nuclear Power Plant (Cernavoda NPP): Unit ...

E-DISTRIBUTIE MUNTENIA EXPANDS THE GRID IN JILAVA PROVIDING ELECTRICITY ACCESS FOR 250 FAMILIES FROM DISADVANTAGED BACKGROUNDS

Thursday, August 19, 2021

E-Distributie Muntenia expanded its electrical grid by almost 2 kilometers, following an investment exceeding 1.7 million lei.  250 families from disadvantaged backgrounds now have access to electricity, ...

Electrical energy consumption of population up by 8.3 pct in first six months

Thursday, August 19, 2021

The final electrical energy consumption rose by 7 pct in the first six months of this year, compared to the similar period of last year, on the backdrop of an 8.3 pct increase in the consumption of the population, according to data from the National Institute for Statistics (INS) published on Thursday."The final consumption of electrical energy in this period was of 27594.3 million kWh, by 7.0 pct higher than in the corresponding period of 2020; public ...

Energy group Electrica sees 60% lower profit in first half

Thursday, August 19, 2021

Electrica, the biggest electricity distributor and supplier in Romania, recorded a 60% drop in its consolidated net profit in the first half of 2021 compared to the same period of last year. The group posted a net profit of RON 76.1 mln (EUR 15.5 mln), down from almost RON 190 mln in H1 2020.   The drop was mainly due to higher purchase costs for electricity and natural gas purchased for resale by Electrica’s supply ...

The Sitemani company has become green energy producer 

Thursday, August 12, 2021

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E.ON Energie Romania has installed a photovoltaic unit which generates annually 155.7 MWh for the food producer Sitemani in Sibiu, which become green energy producer.    ‘E.ON Energie Romania and Sitemani, one of the best known food producers in the country finalised a project for green energy production, worth over 155,000 euro. The photovoltaic electric unit generates annually 155.7 MWh and ...

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