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Energy & Environment
Reuters: CEE POWER-Czech and Slovak spot prices fall as Romania, Hungary rise
Thursday, April 23, 2015
Czech and Slovak day-ahead power prices ticked lower on Monday on forecasts for rising wind and steady solar power output, while lower wind generation and outages pushed Romanian and Hungarian spot power prices higher, traders said. On regional exchanges, electricity for Tuesday fell more than 8 percent to 29.33 euros ($31) per megawatt-hour (MWh) in the Czech Republic and ...
Commission temporarily approves rescue aid for Romanian Complexul Energetic Hunedoara
Thursday, April 23, 2015
The European Commission has concluded that temporary rescue aid of RON 167 million (approx. €37.7 million) to be granted by the Romanian authorities to Complexul Energetic Hunedoara, the state-owned electricity and heat producer in Romania, is in line with EU state aid rules. In particular, the Commission found that the aid was limited to the amount necessary to allow CE Hunedoara to continue operating its power plants in the next six months. At ...
Hidroelectrica recorded a gross profit of 405 million lei in Q1
Thursday, April 23, 2015
Hidroelectrica recorded a gross profit of 405 million lei in Q1, more than double compared to the profit in Q1 2014, 178 million lei respectively. 'The performance was due to the high level of electricity production in this period when an electricity quantity of 4,711 Gwh was generated and delivered, by 37% higher compared to 3,443 GWh in the same period of last year, but especially to implementing a proactive, visionary and assumed management of the ...
BOGDAN CHIRITOIU: THE COMPETITION COUNCIL WILL MAINTAIN A FOCUS ON ENERGY
Thursday, April 23, 2015
The energy remains an area in the attention of the Competition Council and in 2015 the President of the institution,Bogdan Chiri?oiu, announced the launch of the activity report for the previous year: “Regarding the energy we have a concern, because it is an area heavily regulated and prone to oligopolies”. There won’t be penalties at the level of previous years, but in the coming months the lawsuits started by six distribution companies ...
Cernavoda UNITS 3 AND 4 WILL GIVE AN EUROPEAN REACH TO ROMANIA
Thursday, April 23, 2015
Nuclearelectrica operates in a context that can be considered favorable, although there is an amount of challenges. However, once they are overcome, the company can strengthen its position in the production of electricity and even the quality of energy consumed in Romania. We discussed with Daniela Lulache, general manager of Nuclearelectrica, about the development of nuclear reactors 3 and 4, about the objectives company targets this year, but also ...
Commission’s fracking advisors controlled by lobbyists, claim NGOs
Thursday, April 23, 2015
Environmental campaigners and the shale gas industry have clashed amid accusations that companies are controlling an influential European Commission group advising on fracking policy. Friends of the Earth Europe walked out of the Joint Research Centre’s (JRC) European Science and Technology Network on Unconventional Hydrocarbon Extraction. The JRC is the Commission’s in-house science service. It is meant to objectively inform EU ...
CORPAD INVESTS 9 MILLION EURO IN MICROHYDRO WITH NORWEGIAN CO-FUNDING
Thursday, April 23, 2015
Corpad company invests about 9 million euro in two small hydropower plants totaling 2.5 MW, with a part of the investment financed by the grant program Rondine, told energynomics.ro, Costic? Roman, director with the company. “The total investment on Trotus River amounts to about 9 million euro, of which eligible expenses are 50% funded by Rondine grants”, says Roman. Corpad receives about 3.345 million euro ...
EurActiv:Ukraine crisis, anti-corruption drive, boost Romanian energy reform
Thursday, April 16, 2015
Recent investigations of “smart guys” contracts have helped reduce corruption within the Romanian energy sector, and have accelerated the country’s market liberalisation, at a time when the Ukraine crisis has forced Bucharest to assume a more important role in region, EurActiv Romania ...
Uptake rate of EU funds related to the Sectoral Operational Programme Environment 2007-2013 amounted to 42.28% at end-March
Thursday, April 16, 2015
The uptake rate of EU funds related to the Sectoral Operational Programme Environment 2007-2013 amounted to 42.28% at end-March, with the value of expenditure statements submitted to the European Commission having stood at 1.866 billion euros, shows the data posted on the website of the Ministry of European Funds ...
MAE's Ciamba voices Romania's support for creating energy union in Europe
Thursday, April 16, 2015
Foreign Affairs Ministry's (MAE) Secretary of State for European Affairs George Ciamba, in the Euro-Asian Economic Summit of Istanbul, voiced Romania's support for the creation of an energy union in Europe, mainly focused on building infrastructure projects, including the interconnections of electricity and gas and the foundation of a completely functional internal energy market, informs a MAE ...
Access to the Grid: challenges and opportunities, in the fore at the Grid Operators and Electric Energy Suppliers Forum
Thursday, April 16, 2015
Govnet Conferences continues the series of events dedicated to topics of major interest in the domestic energy sector with the Grid Operators and Electric Energy Suppliers Forum, which will take place on Thursday, April 23, 2015 at the InterContinental Hotel in Bucharest. The Forum is organized in partnership with ABB, Bitdefender, CEZ Group, and Wolf Theiss, with the support of Romanian system and ...
EU INVESTIGATES TRANSGAZ FOR LACK OF TRANSPARENCY
Thursday, April 16, 2015
The National Transmission System operator of natural gas, Transgaz, is being investigated by European officials, on the grounds that the operator does not comply with the requirements relating to the publication of data on the transported gas, transmits ICIS publishing. According to it, the representatives of the Energy Community requested Transgaz to explain the reasons for the non-compliance with the requirements of the European Union legislation in ...
Zhangulov (KMG): I do not think we can pay 200 mln dollars for Rompetrol Refining in 2015
Thursday, April 9, 2015
The negotiations between KazMunayGaz and the Romanian state over Rompetrol Refining will end in July, but the payment of 200 million dollars for a 26.6 pct stake in the refinery cannot be made in 2015, because 6 to 7 months are required to take all the necessary steps after the completion of the negotiations, Azamat Zhangulov, senior vice president of KMG International, said on ...
GDF SUEZ Energy Romania increased its stake in Congaz to 99.72%
Thursday, April 9, 2015
GDF SUEZ Energy Romania is increasing its stake in Congaz from 85.77% to 99.72%, following the purchase of the shares held by Petroconst, a construction company based in Constanta, according to a company's ...
PM Ponta: Romania must also have thermal power production
Thursday, April 9, 2015
Prime Minister Victor Ponta in Craiova on Tuesday said that Romania must also have thermal power production, even if it is more expensive, because it is safer, and that the Oltenia and Hunedoara Energy Complexes can be salvaged on condition that "everyone thinks and understands that scandal doesn't ...
Serinus Energy Romania's Moftinu-1001 well tests 7.4 MMcf/d
Thursday, April 9, 2015
Serinus Energy Inc. report that production testing on the Moftinu-1001 well has been completed and the maximum flow rate achieved was 7.4 MMcf/d through an 40/64 inch choke at a flowing wellhead pressure of 813 psi. Only trace amounts of water and 19 bbl/d of condensate were produced. The flow test was conducted over approximately 48 hours, after which it was shut in for a pressure build up test. Moftinu-1001 was drilled in November/December of 2014 to ...
Romania was the seventh largest market in the EU for wind turbine installation
Thursday, April 9, 2015
Depending only on the mounted wind turbines in November 2014, however, Romania was the seventh largest market in the EU. "Investments in wind projects ranged last year from 12.1 to 18.7 billion Euro," said the latest report published by the European Wind Energy Association (EWEA), quoted by Ziarul Financiar. "Onshore wind projects have attracted between 8.9 billion and 12.8 billion Euro, while offshore projects have attracted between 4.2 billion and 5.9 billion ...
Project Agreement for the Institutionalisation of the European Energy Award in Romania
Thursday, April 9, 2015
The State Secretariate for Economic Affairs of Switzerland and Romania's Government have signed on Thursday a Project Agreement for the Institutionalisation of the European Energy Award in Romania, a 411,765 CHF budget project, of which the Swiss grant is worth ...
Smart grids could be Europe's shale gas, Commission says
Thursday, April 9, 2015
Smart grids balancing intermittent solar and wind energy with flexible power demand could do for Europe what shale gas has done for the United States, a senior European Union official said on Wednesday (1 April). European Commission Vice President Maroš Šef?ovi? said smart grids are crucial for EU single energy market plans as they could integrate more renewables into electricity networks, boost security of supply and help lower prices ...
Greece, Macedonia, Serbia and Hungary discuss ‘Turkish Stream’
Thursday, April 9, 2015
The foreign ministers of Greece, Macedonia, Serbia and Hungary met Tuesday (7 April) in Budapest to explore their potential participation in Russian plans for the new Turkish Stream pipeline. According to the Greek daily Kathimerini, energy cooperation was at the heart of talks between Greek Foreign Minister Nikos Kotzias and his counterparts from Turkey, Serbia, the Former Yugoslav Republic of Macedonia and Hungary held in Budapest on ...