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Energy & Environment
Environment Minister Korodi: 300 mln euros allocated over next years to biodiversity
Thursday, April 17, 2014
Romania will allocate 300 million euros over the next years to biodiversity, the Minister of Environment and Climate Change Attila Korodi said at the General Assembly of the Mountain Rescuers Association held in Harghita Bai (central Romania) through the weekend.'For the coming years, we intend to enhance the capability of the national park workers, allowing them to carry out their duties. As regards safety in these national parks, which are your area of ...
Romania is among the top five countries in EU in terms of mineral resource potential
Thursday, April 17, 2014
Romania is among the top five countries in the European Union when it comes to its mineral resource potential, Grigore Pop, general manager of the National Agency for Mineral Resources said at the Economic Forum on Mining.\'Romania is among the top five countries in the European Union when it comes of its mineral resource potential, according to data made available by the relevant authorities in the country. Unfortunately, if we were to talk ...
European project for improving operation of wastewater treatment stations in Black Sea countries
Thursday, April 17, 2014
A first stage in a 'CISWastewater - A strategy for continual improvement in the performance of wastewater treatment stations in the Black Sea countries' European project worth nearly half a million euros started in Constanta, April 9 -11, involving the participation of specialists from Romania, Bulgaria, Greece, Georgia, Armenia and Moldova.Spokesperson for the Constanta County Water Corporation (RAJA) Irina Oprea on Friday ...
Gas imports from Russia account for just 25 pct of Romania\'s consumption
Thursday, April 17, 2014
Romania would be less affected than other countries in the region if Russia decided to cut off gas supplies, as imports account for just 25 percent of domestic consumption, said Prime Minister Victor Ponta.'Compared to other countries in the region, which are one hundred percent dependent on gas imports from Russia, Romania has just a low dependence thereon. On average 25 percent of the gas we consume is imported from Russia. ...
Economy ministry to list Cupru Min Abrud copper producer at stock exchange
Thursday, April 17, 2014
The Ministry of Economy intends to list the copper producer Cupru Min Abrud (western Romania) on the stock exchange, as the company won the lawsuits against the former investor, which hitherto prevented this way of privatizing the company, the Deputy Manager of the ministry's General Directorate for Mineral Resources Sorin Gaman declared on Thursday.'Listing the company on the stock exchange is the solution advanced by the Ministry of Economy. The reason is ...
Romania should re-open closed mines still having resources - EcMin director
Thursday, April 17, 2014
The closed mines still having rich resources should be re-opened, which will be possible after the new mines law is approved, deputy director general of the Mineral Resources General Directorate with the Economy Ministry said on Thursday.Sorin Gaman told the Romanian Mining Forum that the Romanian underground resources are being confined in closed mines that should be re-opened.'We closed 550 mines and quarries in the last years due to economic ...
Amounts obtained from green certificates trading, to be used for urgent projects
Thursday, April 10, 2014
The amounts obtained from trading the certificates for greenhouse gas emissions can be used for urgent projects coming under the provisions of Directive 2003/87/EC, among which the implementing of a bicycle transport system in the central area of the Capital, according to a Government decision in the meeting on Wednesday.Through the GEO for the supplementation of GEO 115/2011 on setting the institutional framework and the Government ...
Romania imports gas at about 400 dollars for 1,000 cubic metres, in 2013
Thursday, April 10, 2014
The price Romania imported gas at in 2013 oscillated around 400 dollars for 1,000 cubic metres each month, according to the report on 2013 of the natural gas market, worked out by the National Energy Regulatory Authority (ANRE).Thus, the year began with a price of 409 dollars for 1,000 cubic metres in January and ended with a price of 392 dollars per 1,000 cubic metres.The highest price was recorded in March, namely 411 ...
Hidroelectrica sells this year's entire expected power production on energy exchange, readies for drought
Thursday, April 10, 2014
Electricity producer Hidroelectrica sold on the energy exchange OPCOM its entire power production anticipated for this year, specifically 13.9 TWh, and is expected to be less active on the market in the following months due to the drought forecast for the rest of the year, reads a company release.At the auction held on Tuesday, April 8, Hidroelectrica sold on the power exchange a total amount of 919,800 MWh under a strip of nine ...
Chevron gets permit to set up 2nd shale gas exploration well in Vaslui
Thursday, April 10, 2014
Chevron oil company has obtained the authorization aimed at placing the second shale gas exploration well in Vaslui county (north-eastern Romania), the Puiesti locality, Chevron Romania Manager Tom Holst said on Tuesday.The authorization was issued by the Vaslui County Council (CJ Vaslui), by observing the legislation in force, according to the leadership of the Vaslui institution.'As in the case of the Pungesti locality, ...
Bill provides for mandatory exchange trading of a part of domestic gas output
Thursday, April 10, 2014
The Energy Department has initiated a bill amending Electricity and Natural Gas Law No.123/2012 to the effect that a part of the domestic gas production is mandatorily sold on a centralized market.Thus, a new article will be inserted in the old law, stating that 'the holders of natural gas production licenses and the affiliates thereof are required to trade on the centralized market, in a transparent and non-discriminatory manner, a ...
Greenprav invests €35m in co-gen plant in Romania
Thursday, April 10, 2014
Greenprav, a Romania-based power producer, is developing a €35 million biomass-powered cogeneration plant in the town of Busteni. The facility, expected to be operational by mid-2015, is being built by Irish firm Prime Energy Power, the main shareholder for SC Greenprav SRL Romania. Upon completion, the plant will produce renewable heat and power for nearby businesses and households.Around €18 million of the total investment will be direct ...
CEZ Taking Bids on EU's Biggest On-Shore Wind Farm, Staying in Bulgaria
Thursday, April 10, 2014
The Czech Republic's 70% state-owned power company CEZ AS (BAACEZ.PR) is mulling the sale of Europe's largest on-shore wind farm in Romania and is committed to staying in Bulgaria as it faces hurdles in those countries due to renewable-energy subsidy regimes, a senior company official said Thursday. "If there's a good offer" CEZ would be willing to sell its entire Romanian wind-power generation operations, but the company is also entertaining bids for ...
Renewable energy projects reach a total capacity of 4,582 MW in end-February
Thursday, April 10, 2014
Projects related to the production of energy from renewable sources reached a total capacity of 4,852 MW in end-February 2014, by 170 MW more compared with end-January, according to data revealed by Transelectrica.Thus, wind projects operating in the system generated a power of 2,792 MW, photovoltaic parks's total capacity stood at 1,149 MW, the micro hydro plants generated 542 MW in total and the biomass-based projects generated a ...
E.ON Moldova, the cheapest energy mix sold to households in 2013; the most expensive mix was distributed in Bucharest
Thursday, April 10, 2014
Three quarters of the electricity entering the distribution basket of E.ON Moldova is hydropower, the cheapest to produce. CEZ Oltenia has also a very good cost structure, where 68% of the power distributed is nuclear, the second cheapest, and 25% is hydropower. E.ON Moldova has the best energy basket of all regulated ...
Energy efficiency investment reaches “tipping point”
Thursday, April 10, 2014
Europe has reached a crossroads at which energy saving investments can either be scaled up with market drivers that carry multiple benefits, or risk being sabotaged by a dearth of funding, an official report says. “We are at a tipping point, with energy ...
IMF: Romania can draw investments in energy sector if aligns prices with those in the EU
Thursday, April 3, 2014
A manner for Romania to draw local and foreign investors in the energy and transports sector is to converge prices with those in the rest of the European Union, Andrea Schaechter, chief of IMF mission for Romania, said on Tuesday, in a telephone conference referring to the approval in the IMF Board of the first two evaluations of the Agreement with Romania.Schaechter showed that the energy sector and the transports sector have a great potential in ...
Romania solar still attracting investment despite green certificate cut
Thursday, April 3, 2014
Portuguese renewable energy developer, EDP Renováveis (EDPR), has secured €30 million (US$41 million) in project finance for 50MW of Romanian PV, despite recent cuts to the county's solar incentives. Europe financial investor, ...
EBRD grants 20-m euros loan to EDP Renovaveis to develop solar energy project in Romania
Thursday, April 3, 2014
The European Bank for Reconstruction and Development (EBRD) continues to invest in the production of renewable energy in Romania, with its first investment in a solar energy project in Central and South-East Europe, the EBRD announced on Thursday.EDP Renovaveis (EDPR), the global leader in renewable energy will receive a 20-million worth loan from the EBRD to build and operate six photovoltaic parks with a 50 MW installed power in Oltenia, region in ...
Poland calls for EU energy union
Thursday, April 3, 2014
Polish Prime Minister Donald Tusk said the EU should pay up to 75% of the pricetag for the gas infrastructure needed to be able to create an efficient network, including pipelines and interconnectors between member states. Speaking in the southern town of Tychy, Prime Minister Tusk laid out his vision for a union whose main assumptions include the diversification of energy sources, including the extraction shale gas and coal. “Taking into account the danger of potential ...