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Energy & Environment
Rovana Plumb signs in London protocol on environment protection in rural areas of Romania
Thursday, December 5, 2013
Minister of Environment and Climate Change, Rovana Plumb, signed in London a cooperation protocol on environment protection for a sustainable and durable development of the rural areas in Romania, together with Jessica Douglas Home, the President of the Mihai Eminescu Trust Foundation - an organisation that develops programmes meant for the revival of the Romanian village - under the high patronage of Prince Charles.'We are going to multiply a pilot project that ...
Two-thirds of Romanians agree with natural resources exploitation, but by observing environmental conditions
Thursday, December 5, 2013
Some two-thirds of Romanians agree with the exploration and exploitation of natural resources, but only by observing environmental conditions, an opinion poll conducted by Inscop Research has found.Asked to voice their agreement or disagreement over the exploration of natural resources in Romania, 65.2% of all respondents say they agree with exploration of natural resources, whilst 28.1% oppose this activity, and 6.7% do not know or do not answer this ...
EcoMin says special attention should be paid to energy price to avoid industry relocation
Thursday, December 5, 2013
Romanian Economy Minister Andrei Gerea said at the European Union Competitiveness Council meeting in Brussels that it is very important to avoid the relocation of the production facilities in various industrial sectors and, therefore, special attention should be paid to the energy price, the Economy Ministry said in a release.At the Dec. 2 gathering, Gerea stressed the Competitiveness Council should take upon itself a major role in order to boost the European ...
Transgaz needs one bln euros in investments to take Black Sea gas into its system
Thursday, December 5, 2013
Transgaz needs one billion euros in investments till 2019 in order to take the natural gas drilled by OMV Petrom and ExxonMobil at Neptun site, in the Black Sea into its system, sources in the Romanian national natural gas transporter told AGERPRES on Friday.'In order to take in the natural gas drilled by OMV Petrom and Exxon, there is need for a pipeline to take the gas from the Black Sea to the land and then carry it across the ...
Ponta: Chinese investments in energy are going to amount to over 7 billion euros
Thursday, December 5, 2013
Prime Minister Victor Ponta said that the Chinese investment level in Romania in the energy area was going to amount to over 7 billion euros following the agreements signed between the two states these days in Bucharest and added that the visit of Chinese Premier Li Keqiang also meant a thrust of confidence and hope for Romanians.'We signed for investments in the energy sector, group 3 and 4 of Cernavoda, worth about 4 - 4.5 billion ...
Hidroelectrica no longer risking insolvency in 2014
Thursday, December 5, 2013
Hydroelectric power producer Hidroelectrica no longer risks going into insolvency in 2014 and proof of it is the company's 2013 profit estimated at 900 million lei (1 euro=4.43 lei), the chairman of Hidroelectrica Supervisory Board Remus Borza said on Thursday.'In the ten months of this year alone, the company made 763 million lei in profit, which is a record. Such figures are proof of rational ...
Transmission Congestion Management Remains The Main Challenge Of The European Electricity Markets
Thursday, December 5, 2013
By Jean Constatinescu* The harmful effects of transmission congestion on energy security and prices In late 2014, electricity will have to flow freely “in” and “between” the 8 regional markets of the European Union. All the energy sale and purchase ...
The government transferred Minvest Rosia Montana from Dan Sova (PSD) to the Economy (PNL)
Thursday, November 28, 2013
The Minvest Rosia Montana company, set up by the government to deal exclusively with the project Rosia Montana, was transferred from the social-democrat (PSD) minister for investments Dan Sova to the liberal (PNL) ministry of economy, as they considered that Sova ‘had ended his deal’when he drew up a law on the issue. The decision was taken by ...
Hidroelectrica wants to sell other 14 micro-hydrounits for 10.4 million euro in January
Thursday, November 28, 2013
The producer of electricity Hidroelectrica will get to public auction ( outcry tender) on 23 and 24 January 2014 a new series of 14 micro-hydro power units for which they hope to get at least 46.2 million lei ( 10.4 million euro).”We will have for sale, through outcry tender another 14 micro-hydro power units grouped in 7 assets packages, the total price of the auctions being 46.2 million lei ( almost 10.4 million ...
Gazprom, East West Petroleum secure Gov't approval for three oil agreements in western Romania
Thursday, November 28, 2013
The Government approved three oil exploration, development and exploitation agreements signed by the National Agency for Mineral Resources (ANRM), as grantor, and East West Petroleum Corp ., as grantee, following a bid round held in 2010. Meanwhile, Gazprom Neft, through its Serbian division NIS, bought from Canada's East West Petroleum an 85% interest in each of the three blocks located in western Romania and called Baile Felix (EX - ...
Rompetrol freezes investments in Romania after court rejection of debt settlement
Thursday, November 28, 2013
The Rompetrol Group , controlled by Kazakh state group KazMunaiGas (KMG), said it has frozen its investment plans in Romania until the country enacts the memorandum of understanding sealed with the local government on the settlement of the Romanian state's EUR 516mn [ USD 660mn ] claim against the investor, news agency Mediafax ...
Sinohydro, builder of world's largest hydropower project, seeks Romania-based investments
Thursday, November 28, 2013
Chinese state-owned company Sinohydro, the world's largest hydropower construction company, is interested in participating in Romania-based energy projects, the company's general manager Hong Shui Sun declared on Tuesday at the China - Central and Eastern Europe Economic and Trade Forum held in Bucharest. We are in talks with Romania, Macedonia, Serbia and Slovakia to carry out electricity projects. We are ready to provide full service, ...
Minister Delegate Costoiu, first Romanian official to visit Dubna Nuclear Research Institute in 25 years
Thursday, November 28, 2013
Minister Delegate for Higher Education, Scientific Research and Technological Development Mihnea Costoiu, during the official visit he is paying to the Russian Federation, went to the Joint Institute for Nuclear Research in Dubna, where 18 Romanian researchers work too.According to a release sent to Agerpres by the Ministry of National Education (MEN), Minister Delegate Mihnea Costoiu's visit is the first paid by a Romanian official in ...
400-m dollars deal concluded with Chinese Ming Yang Wind Power Group (Bobby Paunescu)
Thursday, November 28, 2013
The agreement that was signed on Monday at the Victoria Palace between the Chinese company Ming Yang Power Group and Romanian Paunescu Corporation for investments in wind power plants and customized equipment will result in the creation of more than 1,300 jobs following an investment worth more than 400 million dollars, said Bobby Paunescu, the head of the Romanian company.Paunescu specified at the Victoria Palace that the wind park, ...
OMV Petrom promises investments of over 1bn lei from 2013 to 2016
Thursday, November 28, 2013
OMV Petrom intends to invest over 1 billion lei in Dambovita County (south) from 2013 to 2016, the company's Exploration and Production Manager Gabriel Selischi told a roundtable meeting on investments in the said county, according to a press release issued by the Dambovita County Council. (1 euro = 4.44 lei) 'The Dambovita County is the cradle of oil and natural gas production in Romania, together with Prahova County. We have ...
Romanian energy wants to conquer Arab market
Thursday, November 28, 2013
Seven Romanian companies working in the energy and electrical engineering fields, some of which are Syscom Process Control, Syscom Water Technology, Electrotel in Bucharest, National Institute for Research and Development in Electrical Engineering (Actel in Bucharest or Celin in Bucharest), are looking for new business opportunities in Saudi Arabia.The above-mentioned companies over November 21-27, 2013, take part in an economic mission ...
OMV expects gas extraction in the Black Sea to begin at decade-end
Thursday, November 28, 2013
OMV Petrom and ExxonMobil will drill the second exploration well in mid-2014 in Neptun perimeter and expect that gas production to start at the end of this decade, OMV Head of Exploration & Production Jaap Huijskes said on Friday, at OMV Media Summit, an event organised in Vienna.'We shall drill a second exploration well at the end of the second quarter of next year, to confirm the first discoveries of Domino well, those of 2012. ...
Romania supports opening of Southern Gas Corridor
Thursday, November 28, 2013
Romania supports the opening of the Southern Gas Corridor as a priority of the EU, Ambassador of Romania to Azerbaijan Daniel Cristian Ciobanu said at the conference 'Joint approach to energy security: Position of NATO and other parties' which is being held in Baku on November 21. "Azerbaijan is a strategic partner of Romania, which can ...
Romania imports natural gas for 4 pct higher prices in Q4
Thursday, November 28, 2013
The price for which Romania imports Russian natural gas has increased to 420 dollars for 1,000 cubic metres in the last quarter of the year, from 405 dollars in the third quarter, show documents released by the National Energy Regulatory Authority. In national leu currency terms and in energy units terms, the imported gas price hit 130 lei a megawatt hour in the last quarter, by 1.5 percent more from 128 lei a MWh over July-Sept..The ...
ANRE's calculation method sets the feed-in tariff between 180 and 200 euro/MW
Thursday, November 21, 2013
The feed-in tariff might range from 186 to 200 euro per MW according to the calculation method proposed by ANRE (the National Energy Regulatory Authority) and approved by the European Commission. Probably the most imperative issue the photovoltaic sector in Romania waits to be clarified, the feed-in tariff was broadly discussed within Romanian Solar Summit 2013, the major event in this field organized by GOVNET Conferences with RPIA’s – ...