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Energy & Environment
Rompetrol Rafinare and other three companies of KMG borrow 390 million dollars from four banks
Thursday, February 19, 2015
Rompetrol Rafinare (RRC) Rompetrol Downstream, KazMunay Gas Trading AG and KMG Rompetrol intend to sign for a loan of 390 million dollars from BCR, Unicredit Tiriac Bank ,Raiffeisen and ING Bank, the funds being destined to the refinancing of some loans and current ...
Enel temporarily suspended the sale of assets in Romania
Thursday, February 19, 2015
Enel suspended temporarily the sale of assets in Romania, as last year they managed to reduce the degree of debt, after one month before the executive manager of the Italian group said that the sale was going to take place this ...
Romanian Hydropower Energy Summit 2015 : Romanian hydropower sector, waiting for the feed-in tariff
Thursday, February 19, 2015
A strategic component of the National Energy System (NES), the hydropower sector is strongly affected by the burdensome taxes, such as those on special constructions, water use or the lease price for low river beds, as well as by the problems caused by an unstable legislative framework or the trading of green certificates. The result is the underdevelopment of this energy area, particularly of the field of small hydropower projects, as large projects are rather ...
CEE POWER-Czech and Slovak spot prices gain as Romania, Hungary dip
Thursday, February 19, 2015
Forecasts for a steep fall in renewables production drove Czech and Slovak day-ahead power higher on Monday, while increased wind supply sent southeastern European spot prices higher, traders said. On regional exchanges, electricity for Tuesday rose 17 percent to 43.91 euros ($50) per megawatt hour in the Czech Republic and 0.7 percent to 43.91 euros in Slovakia, as Thomson Reuters Point Carbon ...
Reuters: Romania's Transelectrica profit up, tad above forecast
Thursday, February 19, 2015
State-owned Romanian power grid operator Transelectrica net profit rose 85 percent to 370 million lei ($94.86 million) in 2014, it said on Monday, slightly above market expectations and driven by higher revenues and deregulation. Analysts at SSIF Broker had expected a net ...
Transgaz reports 2014 net profit of RON 507.428 million
Thursday, February 19, 2015
Romania's Transgaz national natural gas transmission corporation has reported an unaudited 2014 net profit of RON 507.428 million, up 52 per cent from 2013's net profit of RON 334.491 million, according to the latest unaudited financial reports posted on the corporation's ...
Romania needs a pumped-storage hydro-power station
Thursday, February 19, 2015
Romania should begin building a pumped-storage hydro-power station, such facilities being direly necessary as the National Energy System is facing operating safety risks, Energy Ministry advisor Adrian Marin told a specialised conference on Thursday. "The National Energy System (NES) is facing risks relating the operating safety and ...
Liberalisation of the gas prices for population would lead to a 7 pct growth this year
Thursday, February 19, 2015
Continuation of liberalisation of the gas prices for population would lead to a 7 pct growth this year and by 5 pct each year, in the following two years so that, in 2018 we will witness 85 lei/MWh, on Tuesday explained the chairman of the National Authority for Regulation in Energy (ANRE), Niculae ...
Nuclearelectrica had a 2014 net profit of 137 million lei
Thursday, February 19, 2015
The electricity producer Nuclearelectrica posted a 2014 net profit of 137 million lei, down threefold (68%) compared to the 2013 net profit of 423 million lei, according to a company's release issued on Monday for the Bucharest Stock Exchange (BVB). Despite this steep decrease, the unaudited estimated net profit for 2014 was by 391% ...
Reuters: Romania's Electrica net profit jumps in 2014
Thursday, February 19, 2015
Romanian power utility Electrica recorded a net profit of 280 million lei ($71.86 million) last year against 39.4 million in 2013, it said on Monday. Operating revenues fell 16 percent on the year to 249 million lei mainly "due to the reduction of the value of the service level agreements concluded with its subsidiaries," it said in a statement while ...
Romania installs 363 MW of PV in 2014
Thursday, February 19, 2015
Romania installed 363.181 MW of new solar PV in 2014, Transelectrica, the country's transmission company and electricity system operator, has told pv magazine.Wind power systems, Transelectrica said, added 346.16 MW of new capacity in 2014.Cumulative capacities for solar PV and wind technologies stand now at 1222.819 MW and 2952.854 MW respectively. Newly added solar PV installations in 2014 are considerably smaller ...
GE’s Distributed Power Helping Romania Modernize District Heating Networks
Thursday, February 19, 2015
GE Supplying LM6000-PF SPRINT* Gas Turbine for Orodea Thermal Power Plant Modernization Order Marks GE’s First Aeroderivative Gas Turbine in Romania Project Continues Romania’s Work to Meet EU Environmental, Energy Efficiency ...
Romania- Hungary analyse a cooperation in the natural gas, oil and electricity industries
Thursday, February 19, 2015
Energy, SMEs and Business Minister Andrei Gerea discussed on Tuesday with Hungarian ambassador Botond Zakonyi the bilateral cooperation in the natural gas, oil and electricity industries - including nuclear, and issues of the small and medium enterprises. 'Hungary is an important economic partner of Romania, and as the two states ...
Central and Eastern Europe Shale Gas and Oil Summit 2015, 9th and 10th of March, Radisson Blu hotel, Warsaw
Thursday, February 19, 2015
As Central and Eastern Europe is trying to change its policies with regards to shale gas to make it easier on investors and operators, Lithuania has made the most progress in this area. The legal issues have been sorted and new companies have shown interest in applying for licenses. The Lithuanian Office of the Government is sending its representatives to the ...
End use of electricity in Romania's economy declined 1.9 percent in 2014
Thursday, February 12, 2015
The end use of electricity in Romania's economy declined 1.9 percent in 2014, to 49.246 billion KWh, while the household consumption decreased by 0.6 percent, provisional data released on Wednesday by the National Institute of Statistics (INS) revealed. The same source shows primary energy resources advancing 2.4 percent and the ...
Romania's priorities for the development of its natural gas supply infrastructure
Thursday, February 12, 2015
Romania has, in addition to other projects, a set of priorities for the development of its natural gas supply infrastructure aimed at completing the missing connections with its neighbouring countries, according to Minister of Energy, SMEs and Business Milieu Andrei Gerea. He participated on ...
Government does not want the Hunedoara and Oltenia energy corporations closed
Thursday, February 12, 2015
The Government does not want the Hunedoara and Oltenia energy corporations closed, and we hope that energy producer of Gorj County will bounce back to being profitable, Minister-delegate for Social Dialogue Liviu Pop said Wednesday after meeting energy and mining trade unions and the administration of the Oltenia Energy Compound (CEO) to discuss the ...
IMF: Deregulation of gas prices for the domestic consumers should be started again
Thursday, February 12, 2015
Deregulation of gas prices for the domestic consumers should be started again, as an additional support is ensured to the most vulnerable, the Final Statement of the International Monetary Fund referring to Article IV of 2015, reads. 'Deregulation of the gas and electricity market for the industrial consumers is a major achievement. ...
Ponta: Romania needs coal-based electric power
Thursday, February 12, 2015
Prime Minister Victor Ponta said on Tuesday Romania further needs coal-based electric power, but he stressed measures must be taken to make this sector more efficient and also investments in environmental protection. 'Romania needs coal-based electric power. This story of ?let's close the coal mines and coal-based power stations' is ...
Eurostat: Romania, the least dependent on energy imports in 2013
Thursday, February 12, 2015
The states of the European Union the least dependent on energy imports in 2013 were Estonia (11.9%), Denmark (12.3%) and Romania (18.6%), and the countries with the highest level of dependence were Malta (104%), Luxembourg (96.9%) and Cyprus (96.4%), show the data released on Monday by the European Statistical Office ...