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Energy & Environment
The need to accelerate the operationalization of the AGRI interconnector, discussed by Corlatean with Georgian counterpart
Thursday, March 20, 2014
Romanian Minister of Foreign Affairs Titus Corlatean on Friday had a meeting in Georgia with his Georgian Counterpart, Maia Pandjikidze, with whom he discussed about the need to accelerate the operationalization of the AGRI interconnector.According to a release of the Romanian Ministry of Foreign Affairs (MAE), attention during the meeting was first of all paid to the preparations for the signing by Georgia of the Association Agreement ...
AGRI LNG Project Company: Romania acts as supplier of energy security in the region
Thursday, March 20, 2014
Romania, as a EU-member state, acts as a supplier of energy security in the region and not only, playing an active role in helping achieve the EU energy goals, managing director of AGRI LNG Project Company, Mitica Savu told a specialized press conference.'We must take into consideration the fact that the energy strategy is formulated taking into account the changes happening worldwide. There is the need for more diversified gas supply sources for the EU countries ...
Boosting economic cooperation between Romania, Georgia in energy, necessary (Min Nita)
Thursday, March 20, 2014
Economy Minister Constantin Nita considers the boosting of economic cooperation between Romania and Georgia in energy to be necessary, having in view the implementation of some joint projects of natural gas transport from the region to the European markets.'One of the Romania's strong suits is the expertise and experience of Romanian specialists, a fact why the involvement of the Romanian companies in the Georgian programme of ...
CCR: President's notification on law approving Gov't renewable energy order, dismissed
Thursday, March 20, 2014
The Constitutional Court of Romania (CCR) dismissed as inadmissible the notification sent by President Traian Basescu in the case of the law to approve the Government's Emergency Ordinance (OUG) regarding renewable energy.CCR judges noted that although the European Commission was not notified, no constitutional norms were infringed.The decision was cast by a unanimous vote.On February 26, President Traian Basescu ...
Bulgaria, Macedonia and Romania will be most affected in case the exports with Russian gas through
Thursday, March 20, 2014
Ukraine is suspended, according to an analysis published on Thursday by London School of Economics (LSE), the standartnews.com sends. The LSE analysts appreciate that one of the most serious worries of the states in the EU regarding the present situation in Crimea is their dependence on the Russian gas, as 60% of the import is delivered through pipes on the territory of Ukraine. The ...
Reuters: Gabriel Resources warns of Romania job cuts over mine permit woes
Thursday, March 20, 2014
Gabriel Resources Ltd could lay off about 80 percent of the workers at its Romanian subsidiary, or nearly 400 people, unless prospects for its Rosia Montana gold project improve, the Canadian company said last week. Gabriel, which is trying to secure permits for Rosia Montana, which would be Europe's biggest open-pit gold mine, said it gave the workers ...
Hidroelectrica will try to sell 22 small hydropower units
Thursday, March 20, 2014
Hydrelectrica plans to put up for sale a total of 22 small hydropower units and 3,200 square meters of land in Târgu-Jiu, said for Mediafax news agency Remus Borza, the owner of Euro Insol, the company that manages Hidroelectrica’s insolvency. “Tomorrow (Tuesday – editor’s note) it shall be approved the sale of 22 ...
EurActiv: France puts climate, energy talks on EU summit table
Thursday, March 20, 2014
With the Ukraine crisis expected to dominate the agenda at this week's EU summit, France and the UK are among the few countries prepared to discuss climate and energy issues. ...
Enel's 2013 operational profit in Romania 289 million euros, up 25 percent
Thursday, March 13, 2014
The Italian utilities company Enel operational profit in Romania amounted to 289 million euros in 2013, up 25 percent from 2012, when it stood at 231 million euros, Chief Financial Officer Luigi Ferraris declared on Wednesday at a conference dedicated to the presentation of the company's financial ...
Enel grows solar PV portfolio Greece, Romania and Italy in 2013
Thursday, March 13, 2014
Enel Green Power SA (Rome) has reported a net gain of 107 MW of solar photovoltaic (PV) capacity in 2013 in its annual results. This includes the commissioning of 48 MW of PV plants in Greece, 36 MW of PV plants in Romania and 21 MW in Italy.During 2013, Enel invested ...
Government to support field of renewable energy in sustainable way for economy and population
Thursday, March 13, 2014
The Government will go on supporting the field of renewable energy in a sustainable way for economy and for the population, said Premier Victor Ponta at the Victoria Palace on Wednesday.'The target assumed by Romania in keeping with Directive 2009 on the share of energy from renewable sources of energy in the final consumption in 2020 is 24 percent. In 2010 Romania already had a 23.6 percent share. Therefore, we, ten years before the ...
Nuclearelectrica to participate 2 mln euros each in Hidro Tarnita, HVDCC Romania-Turkey
Thursday, March 13, 2014
Nuclearelectrica shareholders approved, in Tuesday's General Assembly meeting, the company's participation in increasing the share capital of Hidro Tarnita Co by underwriting a number of 89,000 newly issued shares, with a face value of 100 lei.Also, they approved the agreement in principle on the implementing the project 'Romania - Turkey 400 Kv submarine interconnection cable' and the participation in establishing the Project Company ...
Romania has energy surplus, export crucial to capitalizing on resource
Thursday, March 13, 2014
Romania has an energy surplus and the export is crucial to capitalizing on this resource and that is why there is need to continue the programme for the development of the linkages, Economy Minister Constantin Nita said.The minister paid an official visit to Montenegro on March 10-11, with the delegation also including Oltenia Energy Complex director Laurentiu Ciurel and Hidroelectrica hydro-electric power producer managing director ...
Rompetrol sets 5 million tonnes record production target for Petromidia refinery in 2014
Thursday, March 13, 2014
The Petromidia refinery has a 2014 production target of 5 million tonnes of oil, a record for its refining capacities, Rompetrol Group Chief Production Officer for refining and petrochemistry Alexandru Nicolcioiu said on Tuesday.'In 2014 we aim at the highest amount of oil processed in Petromidia's history. Last year we have processed 4.2 million tonnes. This year our goal is a 5-million tonnes production, our maximum capacity on this ...
PM Victor Ponta meets Repsol representatives
Thursday, March 13, 2014
Prime Minister Victor Ponta on Tuesday met the representatives of Repsol company, taking the occasion to underscore the importance the Romanian Government attaches to strengthening energy security by developing national resources, while using safe technologies that comply with environmental protection requirements.During the talks, the outlooks of the regulatory relevant framework were presented, with stress on the importance of consolidating a predictable and ...
Victor Ponta: Lots of money still squandered in state-owned energy companies
Thursday, March 13, 2014
State-owned companies in the energy industry still spend vast amounts of money without justification; cutting it down would result in savings on the order of hundreds of millions of euros, Prime Minister Victor Ponta said on Monday night at Antena 3 TV.'Lots of money is still squandered in state-owned companies. I didn't say stolen, I said squandered. (...) In the energy sector, we're talking about millions, many millions ...
FinMin Petrescu: Fuel excise tax to be enforced as of April 1
Thursday, March 13, 2014
New Finance Minister Ioana Petrescu backs the introduction of the extra fuel tax of 7 eurocents per litre.Petrescu told Antena 3 private news channel late on Monday that the effects of enforcement of the excise tax will not be as serious as estimated. 'Nobody likes to impose taxes, not even the finance minister, but this excise tax was necessary and calculated for this budget, for this year. I don't believe it ...
Gov't aims to turn Romania into regional energy hub (political program)
Thursday, March 13, 2014
Romania has a mix of energy resources at its disposal, enabling it to become the region's main producer and supplier of energy, says the political program for which the Executive is to take responsibility before Parliament this week.According to the document, the potential of resources can be increased by giving the green light to ...
Over 2 million MWh produced by Cernavoda nuclear units in January, February
Thursday, March 13, 2014
The two units of the nuclear power plant in Cernavoda (southeastern Romania) produced approximately 2 million MWh of electric energy during the first two months of 2014; 1.843 MWh of this amount was delivered into the National Energy System (SEN), according to data posted on Nuclearelectrica's website.The 1st unit produced over the aforementioned period 1.003 million MWh, ...