RSS
Energy & Environment
Reuters: Romania discussions with creditors stumble over energy policy
Thursday, February 12, 2015
Romania failed to reach an agreement with its international creditors on its aid deal as Bucharest resisted calls for gas price hikes and restructuring state-run coal firms, Prime Minister Victor Ponta said on Monday. A series of aid agreements with the International Monetary Fund (IMF) and the European Commission has supported Romania since 2009, nudged the eastern European country to make ...
Bulgaria, Greece and Romania Form Workgroup for the Vertical Gas Corridor
Thursday, February 12, 2015
Improving interconnections and securing EU financing for better gas connectivity in the region will be the target of the bigger scale joint workgroup created in Sofia. Bulgaria, Greece and Romania have agreed to start a work group for the construction of the so-called Vertical Gas Corridor, which they announced in ...
Reuters: CEE POWER-Czech, Slovak, Hungarian day-ahead gain, Romania falls
Thursday, February 12, 2015
Declining renewables output offset higher temperatures to send Czech, Slovak and Hungarian day-ahead power prices up on Tuesday while Romanian spot prices declined on forecasts for increased wind generation, traders said. On regional exchanges, electricity for Wednesday gained almost 12 percent to 46.890 euros ($53) per megawatt-hour in the Czech Republic and Slovakia, with an 8 percent climb ...
Five offers for the construction of the Tarnita hydropower station
Thursday, February 5, 2015
The company Hidro Tarnita which has tried for several years to draw investors for the construction of the hydropower station for over 1 billion euro in Cluj county received on Friday offers from five investors who are interested by the project. ‘Five companies presented preliminary offers corresponding to the stage of pre-qualification for the development of Tarnita-Lapustesti. In the next weeks we analyse the ...
GOVNET's Romanian Hydropower Energy Summit prepares its second edition
Thursday, February 5, 2015
Following the successful 2014 edition of the Romanian Hydropower Energy Summit, GOVNET Conferences is preparing the second edition of the most important event dedicated to Romania's hydropower energy sector, to be held on Thursday February 12, 2015 at the InterContinental Hotel in Bucharest. In a market with development potential which is too little exploited, the conference organized by GOVNET offers again a platform for ...
MOL Group Completes the Acquisition of ENI Service Stations in Romania
Thursday, February 5, 2015
* MOL Group has successfully acquired 42 service stations from ENI, all located in high traffic areas *In 2015, MOL Group’s service station network in Romania will reach approximately 200 units *The acquired 42 service stations will be rebranded under the MOL ...
Luxembourg-based co raises stake in Romania's NQE Holdings to 18.5%
Thursday, February 5, 2015
Romanian renewable energy investment group Natura Quattuor Energia (NQE) Holdings [BSE:SCPS] said on Wednesday Luxembourg's Green Southeast Europe Investments (GSEI) has raised its stake in the company to 18.52%. GSEI raised the number of shares in NQE Holdings to 5.4 million from 4.2 million via a transaction carried out on January 28, NQE Holding said in ...
The price of wholesale electricity may increase by 50%
Thursday, February 5, 2015
The price of wholesale electricity in Romania may increase by 50% if the contribution of renewable energy were removed from the production mix, the National Energy Regulatory Authority (ANRE) Vice President Emil Calota said on said ...
Feasibility study for the project of the submarine power cable that is to link Romania and Turkey
Thursday, February 5, 2015
Premier Victor Ponta said on Tuesday that the project of the submarine power cable between Romania and Turkey is of a strategic importance for Romania because it can provide an important foreign market for the electricity produced in Romania. The head of Government attended on Tuesday the signing of the Memorandum of Understanding ...
ForMin Aurescu discussed cooperation for energy security with Cypriot Ambassador to Romania
Thursday, February 5, 2015
Foreign Affairs Minister Bogdan Aurescu received on Monday Cypriot Ambassador to Romania Kalliopi Avraam; they voiced the mutual interest in enhancing cooperation for energy security, a release of the Foreign Affairs Ministry (MAE) ...
Reuters: Chevron to stop its shale gas exploration in Poland
Thursday, February 5, 2015
U.S. energy major Chevron Corp said it ...
Gross electricity output in 2014 by 10.55 percent more than in 2013
Thursday, February 5, 2015
Romania's gross electricity output in 2014 totaled 64,752 GWh, by 10.55 percent more than in 2013, while consumption stood at 57,627 GWh, shows data released by ...
FLOOD OF LITIGATIONS ON REGULATED PROFIT BETWEEN ENERGY COMPANIES AND ANRE
Thursday, February 5, 2015
All companies with stakes in energy and gas distribution in regulated regime, will call ANRE in court to cancel the order and methodology that has diminished their Regulated Rate of Return (RRR) to 7.7%, said for energynomics.ro sources from the electricity distribution sector. Recently an information appeared in public, that the group Electrica S.A. and its distribution subsidiaries claim in court the cancellation of ...
EU energy boss says joint gas buying would have to be voluntary
Thursday, February 5, 2015
Member states can only work together to buy natural gas, as part of efforts to reduce Russia's negotiating power, on a voluntary basis, the EU's Energy Commissioner, Maroš Šef?ovi?, said on Monday (2 February). The idea that EU countries could join forces to try to negotiate more favourable gas contracts with Russia's Gazprom was put forward last year by Poland's then prime minister Donald ...
Natural gas demand in February 2015 estimated by Transgaz at 15.49 million MWh
Thursday, January 29, 2015
The total natural gas demand in February 2015 is estimated by Transgaz at 15.49 million MWh, as proposed in the motivation report drawn up by the national transport and gas system operator and sent to the National Energy Regulatory Authority (ANRE). The demand on the regulated market is estimated at 7.074 million MWh, ...
GE representatives met Romanian authorities
Thursday, January 29, 2015
The Chamber of Deputies Committee on industries and services and the management of the National Energy Regulatory Authority (ANRE) met on Tuesday with General Electric vice-Chairman John G. Rice, with Peter Stracar - CEO Central and Eastern Europe, GE Global Growth and Operations, and other General Electric Romania-based ...
State-owned stakes transferred in several energy companies from the Economy Ministry
Thursday, January 29, 2015
The transfer of the State-owned stakes in several energy companies from the Economy Ministry to the Ministry of Energy was recorded last weekend with the Central Depository, according to information delivered on Monday to the Bucharest Stock ...
Reuters:Pipeline plan to bring Western gas to Balkans seen closer
Thursday, January 29, 2015
Slovak pipeline operator Eustream expects to sign a memorandum of understanding in the next two weeks with counterparts in Romania and Bulgaria on a proposed gas pipeline aimed at reducing Balkan reliance on Russia, its chief said on Wednesday. The project, its backers say, would ensure countries including Bulgaria and Serbia can receive gas even if ...
Net coal production, in the first 11 months of last year, by 6.3% lower compared to that in the similar period of 2013
Thursday, January 29, 2015
Romania's net coal production totaled, in the first 11 months of last year, 4.093 million tonnes of oil equivalent (toe), by 6.3% (274,900 toe) lower compared to that in the similar period of 2013, according to the data centralized by the National Statistics Institute (INS). In the said period, Romania imported 442,200 net coal toe, ...
Power demand in Romania seen almost flat by 2025 - A.T. Kearney
Thursday, January 29, 2015
Electricity demand in Romania is expected to grow by less than 1% per year until 2025, unless the government takes a proactive approach to encourage consumption, a study by global consultancy A.T. Kearney has indicated. Under these conditions, small-scale energy solutions with locally integrated supply and demand, like solar panels and biomass for self-consumption, are better fit than ...