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Energy & Environment
Romanian Suppliers To Disclose Sources Of Electricity Under New Bill
Thursday, November 18, 2010
Romania’s Economy Ministry has drafted a bill that would compel energy suppliers to inform consumers on the origins of the electricity they are selling."It's possible that consumers may want to choose their suppliers based also on the fuel mixture used to produce the electricity, given that renewable energy might be exempted from excise duties," the ministry said in the bill's rationale. The bill is subject to public debate and it includes a set of regulations on the issuance and ...
Electra and Hidroenergetica could operate on market in early 2011
Thursday, November 18, 2010
The two power companies, Electra and Hidroenergetica, could operate on the market in early 2011, announced on Tuesday Hidroelectrica general manager, Mihai David, in a conference on energy strategy. 'Signals from Brussels are to boost investments. To increase investments, one of the major roads is to integrate new technologies. Smart Grid technologies must be integrated, therefore action should be taken to this end by the Ministry of Economy. Also, from January 1, 2011 we hope to ...
Romania’s Economy Minister Launches Smart Grid Development Plan
Thursday, November 18, 2010
Romania’s Economy Minister Ion Ariton approved a plan of action aiming to introduce smart power grids in Romania, said Tuesday Claudiu Stafie, state secretary within the ministry."This concept will revise all our ideas about long-term investments," Stafie told the MEDIAFAX Talks about Energy conference. According to Iulian Iancu, head of the services and industry committee within the Chamber of Deputies, the European Union has assigned EUR4.2 billion for development of smart grid ...
Energy distributors have come to be more profitable than telecom giants
Thursday, November 11, 2010
Companies operating in the field of electricity distribution, and particularly those that have been privatised, last year reached net income margins of around 40%, much higher than the ones registered by companies operating in the field of mobile telephony or cement, traditional leaders in terms of profitability. Moreover, according to a ranking sent by the National Office of the Trade Registry, it was the same energy companies and especially those in the field of electricity last ...
Siemens: Romania 's oil&gas market, the most interesting in the region
Thursday, November 11, 2010
Germany's industrial group Siemens says things have gone well in Romania for the oil&gas sector, a unit employing around 150 people and standing all chances of reaching a 10% weight in the operations the group carries out in Romania . "The crisis hit the energy field much later than expected, but owing to the orders we had, whose duration exceeded two years, there was not a significant impact over Siemens' operations. Meanwhile, Siemens started receiving a growing number of orders, ...
Electrica says state stands only to gain from energy exports
Thursday, November 11, 2010
For over a month, big energy producers have been exporting a large amount of electricity, 500 MW, i.e. nearly 9% of the electricity consumed in Romania last year, to a little-known company based in Serbia , Rudnap Electrica, the state-held company specialising in energy supply and distribution, which acted as a broker between the producers and the Serbs, say the deal, although concluded under what many term as "non-transparent" conditions, only has advantages. Market sources say, however, ...
INS: Energy consumption increased 4.2 percent in first nine months
Thursday, November 11, 2010
The final electrical energy consumption in the first nine months of 2010 amounted to 37.502 kWh, up by 4.2 percent from the similar period of last year.Public lightning registered a 3.2 percent drop and the population's consumption increased 2.4 percent, informs the National Institute of Statistics (INS).The domestic production amounted to 17.137 million tonnes of oil equivalent (toe), decreasing 0.5 percent from the same period of the previous year, and 8.218 million toe ...
Romania imports 4.523M toe, by September
Thursday, November 11, 2010
Romania imported 4.523 million tonnes of oil equivalent, during the first nine months of 2010, by 788,200 tonnes, namely 14.8 percent less than over the similar time span in 2009, National Statistics Institute (INS) data say.During the above-mentioned period, the oil production went higher than 3.041 million toe, by 2.7 percent (84,300 toe) lower than compared to the same period last year. The National Prognosis Commission (CNP) assess a crude production of 4.4 million toe and ...
Net coal production goes down 0.9 pct, till September
Thursday, November 11, 2010
Romania's net coal production stood at over 4.373 tonnes of oil equivalent, during the first nine months of 2010, being down 0.9 percent (14,500 toe), compared to the same period in 2009, National Statistics Institute (INS) data read.Romania imported 422,500 toe net coal, by 30,300 toe, namely 6.7 percent, less compared to the quantity it imported last year.The National Prognosis Commission (CNP) assesses a coal production of 5.696 toe and imports amounting to 1.49 million toe, in ...
Three-quarter gas imports up by some 20 pct
Thursday, November 11, 2010
In the first nine months of this year Romania imported an amount of 1.234 million tonnes of oil equivalent of usable natural gas, by 19.4 percent (234,500 toe) more than in the same period of the previous year, shows data centralized by the National Statistics Institute.In the aforementioned interval, the domestic production of natural gas totalled 6.342 million toe, by 2.8 percent (181,800 toe) less than over January-September 2009.The National Economic Projection Commission ...
Transgaz profit rises 50%
Thursday, November 11, 2010
National Natural Gas Transport Company Transgaz recorded, in the first 9 months, a net profit of over 57.99 million euro (284.218 million lei), 50% bigger from that in the similar period of 2009, according to the data sent BVB.The revenues of the company rose 12% to 226.3 million euro (968.843 million lei), with revenues from exploitation standing at 263.4 million euro (941.734 million lei) and financial ones at 6.33 million euro (27.109 million lei).Expenditures went down 1.18% to ...
Romanian OMV Petrom Swings To 3Q Loss
Thursday, November 11, 2010
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it switched to a net loss of 116 million lei (EUR1=RON4.2862) in the third quarter, hurt by asset impairment at its Kazakh unit.In the third quarter of 2009, Petrom posted a net profit after minorities of RON642 million. Petrom, the Romanian arm of Austria's OMV (OMV.VI), said third-quarter earnings before interest and tax, or EBIT, fell 62% on the year to RON336 million."The 3Q profit was negatively impacted by asset ...
Black Sea Forum on Renewable Energies in Bucharest
Thursday, November 11, 2010
The economic crisis is and should be giving a boost to the concentration of renewable resources and should in no case halt or slow down this trend, Foreign Ministry Secretary of State Doru Costea declared on Tuesday at the Black Sea Forum that takes place in Bucharest. 'Amid steady concerns over energy security, it is clear that large scale use of renewable energies can lead to climate and environmental protection. Against the backdrop of the intensely discussed financial crisis, we face an ...
IEA warns of high oil prices if climate pledges not met
Thursday, November 11, 2010
The International Energy Agency (IEA) has appealed to governments to implement their climate pledges vigorously to avoid doubling oil prices.The weak pledges made at the Copenhagen summit last year have increased the cost of meeting global climate goals by $1 trillion between now and 2035, the energy watchdog warned in its annual World Energy Outlook, published Tuesday (9 November).Due to a lack of ambition, far higher and more expensive emissions cuts will be required after 2020, ...
Natural gas consumption totals 92.578 million MWh January through August
Thursday, November 4, 2010
Romania's natural gas consumption totalled 92.578 million MWh over January-August, which represents an increase by 6.4 percent compared with the same period last year, having amounted to 86,988,000 MWh, according to data centralized by the National Regulatory Authority for Energy.Domestic production of natural gas accounted, in August, for 93.61 percent of total sources. The first two producers (Romgaz and OMV Petrom) covered 95.99 percent of consumption from this ...
Romanian Transelectrica Has Tough Time Getting Funds - Director
Thursday, November 4, 2010
Romanian state-owned power grid operator Transelectrica (TEL.RO) is having a tough time securing financing, thus it can only cover a minimum level of investment, company official Dan Preotescu said Thursday."As far as financing is concerned, our situation is very bad. The lending conditions have changed a great deal," Preotescu told a news conference."The company does not own the installations it uses, since they belong to the state, which reduces out ability to secure loans. Then there are ...
Romanian-Dutch bilateral meeting on coastal areas and water management
Thursday, November 4, 2010
The first Romanian-Dutch bilateral meeting devoted to the management of coastal areas and water took place on October 28 at the Banat Water Management Department (DAB) in the western city of Timisoara; the event follows the signing, in 2008, of the Memorandum of Understanding between the 'Romanian Waters' National Administration and the Dutch Water Boards. 'I am very happy to see that bilateral relations in the management of coastal areas and coastal water are still excellent. In ...
Romania's Hidroelectrica To Invest 18 Mln Euro in Wind Turbines
Thursday, November 4, 2010
Romania's Hidroelectrica plans to invest some 18 million euro ($25 million) in the following years to install wind turbines at its hydropower plants along the Siret river."The first turbine could be installed as soon as next year," the director of operations of the state-owned hydropower company, Dragos Zachia, saidHidroelectrica operates five hydropower plants located along the Siret river.($ = 0.7222 ...
Demand of natural gas estimated at 16.68 million MWh, in November
Thursday, November 4, 2010
The total demand for natural gas in November this year is estimated at 16,679 million MWh, according to the report prepared by Transgaz and sent to the National Energy Regulatory Authority (ANRE). This quantity of gas should be 76.10 percent covered from domestic production and 23.90 percent from import. The demand on the captive market was estimated at 6.358 million MWh, of which 2.989 MWh were for household consumers. Eligible consumers demand is expected to reach 9.237 million MWh ...
Bulgaria could lose EU funding on gas link with Romania
Thursday, November 4, 2010
Bulgaria could lose the European funds earmarked for the construction of the gas link with Romania if the project does not move into investment phase by the end of the year and a minimum 2.5 million euro of the finance is not absorbed.Two months before the deadline's expiry, the country has not started the project drafting and no funds have been spent.In addition, the construction of the new gas connection with Greece is being stalled by disputes between the shareholders, while the ...