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Energy & Environment
Korea inks $213M nuclear deal with Romania
Thursday, June 29, 2023
On Tuesday, Korea Hydro & Nuclear Power (KHNP) signed a deal to build a tritium removal facility for the Cernavoda nuclear power plant, 170 kilometers (106 miles) east of Bucharest in Romania, with Nuclearelectrica (SNN), the country’s partially state-owned nuclear power company, after submitting its bid for the project in October last year, koreajoongangdaily.joins.com informs. The signing ceremony was held in central Seoul that day, with Minister ...
AFM: Number of PV systems installed for individuals will exceed 130,000 nationwide
Thursday, June 29, 2023
The number of photovoltaic systems installed for natural persons, at national level, will get at 130,000, once the finalization of this year edition of the programme ‘The Photovoltaic Green House’ stated on Thursday in a press conference, Andrei Antipa, vice-chairman of the Administration of Environment Fund (AFM). ‘We deal with the famous programme ‘The Green House’ (…). We are practically at the third edition, we hope it could be the best ...
The European Commission has approved the takeover of Enel Romania by PPC
Thursday, June 29, 2023
The European Commission approved on Friday the takeover of the Romanian operations of the Italian group Enel by the Public Power Corporation S.A. group of Greece, according to a press release from the EU executive. "The Commission has concluded that the acquisition does not raise competition concerns given the absence of overlaps between the activities of the two companies," a European Commission press release ...
Romania's quantity of stored gas reached 2.06 billion cubic meters
Thursday, June 29, 2023
Romania reached on Friday a quantity of natural gas in storage of 2.06 billion cubic meters, which represents 65% of the total storage capacity, according to data provided by Transgaz Director General Ion Sterian."Today, June 23, Romania has 2.06 billion cubic meters of gas in storage, which is 65% of the total storage capacity of 3.170 billion, 845 million cubic meters more than the same date last year," Sterian mentioned.In early June, former Energy ...
Romania may direct part of energy companies' profits to restoration of Ukraine's infrastructure
Thursday, June 29, 2023
* Romania is considering the possibility of directing part of energy companies' profits to restore the energy infrastructure of Ukraine. Source: The Ministry of Energy of ...
Reuters: Romania has strong pool of renewable energy, transport projects for EU funds, European Investment Bank official says
Thursday, June 29, 2023
Renewable energy and transport infrastructure led a surge of projects vying for European Union recovery funds in Romania, where the government's capacity to tap funding has increased, a European Investment Bank (EIB) vice president said on Thursday. Romania stands to get up to 30 billion euros ($32.87 billion) worth of grants and loans until 2026 out of the EU's 724 billion euros Recovery and Resilience Facility (RRF), designed to help ...
OMV Petrom CEO Verchere: Romania will become largest natural gas producer in the EU
Thursday, June 29, 2023
OMV Petrom CEO Christina Verchere mentioned on Thursday that in 2027 the first quantities of gas would be extracted through the Neptun Deep project and that Romania would become the largest producer of natural gas in the European Union.The clarifications were made at the Victoria Palace, within the event occasioned by the announcement of OMV Petrom and Romgaz regarding the development of the Neptun Deep project, the largest natural gas project in the Romanian Black Sea ...
Reuters: Romania could be net gas exporter in coming years with Neptun project
Thursday, June 29, 2023
Romania could become a net exporter of gas in the coming years as the Neptun Deep Black Sea gas project, expected to begin production by 2027, comes online, the heads of the companies running the project said on Thursday. The head of state-owned gas producer ...
OMV Petrom and Romgaz announce decision to develop Neptun Deep project
Thursday, June 22, 2023
OMV Petrom and Romgaz cleared the Development Plan for Domino and Pelican South commercial fields in the Neptun Deep block, following to submit the development plan for endorsement to the National Agency for Mineral Resources, according to a press release sent to the Bucharest Stock Exchange (BVB) on Wednesday morning.OMV Petrom is the operator of the Neptun Deep project, with each company holding a participating interest of 50%.OMV Petrom and ...
Greenpeace Romania: Offshore gas exploitation threatens the Black Sea and its shores
Thursday, June 22, 2023
Greenpeace Romania activists claim that an offshore gas exploitation unveiled on Wednesday by OMV Petrom and Romgaz is "a new threat to the Black Sea and its shores.""Life in the Black Sea is in danger! OMV Petrom and Romgaz have just announced that they are starting deep exploitation of fossil gas in the territorial waters of Romania. The decision is a catastrophic one for biodiversity, the environment and the Romanian Black Sea coast, as ...
Romania will extract gas from the Black Sea in late 2026, early 2027
Thursday, June 22, 2023
Romania will extract gas from the Black Sea at the end of 2026, early 2027 and we are talking about more gas than we can consume, stated on Friday in a press conference, the former minister of energy, Virgil Popescu. ‘In 2020, during the pandemics period when the American company Exxon announced they wanted to leave Romania I said that I wished Romgaz bought the Exxon ...
ANRE: Romania was a net exporter of energy in the first four months
Thursday, June 22, 2023
The balance import-export of energy must be in favour of Romania and in the first four months of this year, our country was net exporter, stated the chairman of the National Authority for Regulation in the domain of energy, George Niculescu. ‘For the first four months of this year, every month we were energy exporter. Practically the balance was in favour of energy going from Romania towards ...
Electrica draws non-refundable financing worth 57 million euros for development and modernization of distribution grid
Thursday, June 22, 2023
The Electrica Group, through the operator Distributie Energie Electrica Romania (DEER), attracted non-refundable European financing, through the Modernization Fund, in the amount of 57 million euros.According to a company's release, the amount represents 80% of the eligible expenses for four investment projects in the electricity distribution grid, whose total estimated value is approximately 77 million euros."One of the strategic ...
The number of prosumers is constantly increasing; at the end of April there were 63,162 prosumers
Thursday, June 22, 2023
The number of prosumers is constantly growing, at the end of April 2023 being registered 63,162 prosumers who owned a capacity for energy production from renewable sources of 753 MW installed power, stated the chairman of the National Authority for Regulation in Energy, George Niculescu.He said that, by comparison to 31st December 2022 when 40,171 prosumers were ...
Restart Energy announces the completion of a photovoltaic panel system worth 160,000 Euros for Geneza Comimpex
Thursday, June 22, 2023
Restart Energy, a company in energy transition services, announces the completion of the implementation of a photovoltaic panel system worth 160,000 euros for the company Geneza Comimpex. The project consisted in the installation of 428 panels on the premises of Geneza Supermarket situated în Târgu-Neam?, Neam? county, on an area of1 1,200 square meters, with a power of 194.4 kWp. The ...
Transgaz signs contract for works on Tuzla-Podisor gas pipeline with Turkey's Kalyon Insaat Sanayi
Thursday, June 22, 2023
The National Natural Gas Transport Company Transgaz signed on Friday the contract for the works on Tuzla-Podisor gas pipeline with the company Kalyon Insaat Sanayi Ve Ticaret Anonim Sirketi from Turkey.According to a press release sent to the Bucharest Stock Exchange, the project, worth approximately 500 million euros, consists in the construction of a 308.3 km long natural gas transport pipeline, which will connect the natural gas resources exploited in the ...
Cernavoda NPP Unit 2, synchronised to National Energy System
Thursday, June 22, 2023
The works related to the planned shutdown of the Cernavoda NPP Unit 2 have been completed and the synchronisation to the National Energy System was achieved on Thursday, June 15, 2023, informs Nuclearelectrica.Unit 2 entered the planned shutdown programme on 7 May 2023, in order to carry out planned maintenance works, performed every two years for each unit. During the planned outage period, activities from the following programmes were carried out: ...
Energy production from hydropower plants up 45pct, in the first four months of 2023
Thursday, June 22, 2023
Electricity production from hydropower plants was 6.82 billion kWh in the first four months of this year, up 45.2% compared to the same period last year, while production from thermal power plants was 6.43 billion kWh, down 8%, according to the data of the National Institute of Statistics (INS) published Thursday.Production from nuclear power plants was 4 billion kWh, down 0.6%.Production from wind power plants was 3.15 billion kWh, down 111.9 ...
Reuters: Romania under pressure over Hidroelectrica listing to release EU funds
Thursday, June 22, 2023
Romania could fail to comply with rules attached to billions of euros in EU funding if at least 15% of state-owned utility Hidroelectrica is not listed this month, the European Commission said. The government is not selling its own shares in Hidroelectrica but instead ...
KHNP nears clinching deal to build nuclear waste processing facility in Romania
Thursday, June 22, 2023
Korea's state-run energy firms and private entities are closer to winning a deal to build a nuclear waste treatment facility in Romania, according to market watchers, Tuesday, quoted by https://www.koreatimes.co.kr/.Korea Hydro & Nuclear Power (KHNP), Korea Electric Power Corp. Engineering & Construction (KEPCO E&C), Hyundai E&C and Samsung C&T have cleared a quality screening test commissioned by SN Nuclearelectrica S.A. (SNN), a ...