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Energy & Environment
RMGC assures Rosia Montana gold mining project environmentally safe
Thursday, May 6, 2010
Director of the Rosia Montana Gold Corporation (RMGC) Dragos Tanase said on Thursday, on the occasion of a visit to Rosia Montana of the Ministers of Culture and of Environment, that the local gold and silver mining project is environmentally safe as per the relevant norms. 'As far as environmental issues are concerned, we are ready to prove that this project is safe and even has a positive environmental impact from several viewpoints. Our entire project is conceived at very high ...
Culture Minister Kelemen Hunor: Rosia Montana file is very difficult
Thursday, May 6, 2010
Romania's Culture and National Heritage Minister Kelemen Hunor is confident that a solution can be found, whereby the national cultural patrimony can be preserved in the community of Rosia Montana (western Romania).Ministry's experts will observe all the Romanian and the EU laws, when they are analyzing the project of the Rosia Montana Gold Corporation (RMGC) investor with a view to issuing the archeological discharge certificate for the investment scheduled in the ...
Romania To Introduce Mandatory Energy Certification As Of June 15
Thursday, May 6, 2010
Romania will require mandatory energy certification for all real estate transactions starting June 15, according to a draft decree to be approved by the Government.The draft normative act also stipulates that building transaction pre-contracts signed before the emergency decree enters force will carry on as per the provisions of the current law.According to the normative act, by April 30, 2010, 767 experts had been granted authorization to perform energy audits for buildings.The law on ...
Three billion euros to be invested in energy private-public partnerships
Thursday, April 29, 2010
ENEL, CEZ, RWE and Gaz de France are the companies interested in entering private-public partnerships in the province of energy in Romania, Minister for Economy, Commerce and Business Milieu Adriean Videanu told a recent news conference.'Large companies operating in our geographical area are interested in the energy projects to be conducted in the country under private-public partnerships, and among them are ENEL, CEZ, RWE and Gaz de France,' said Videanu.Investment in such partnerships is ...
Romania is first in Europe as for number of contracts approved for SOP ENV, says Environment Minister
Thursday, April 29, 2010
Minister of Environment and Forestry Laszlo Borbely stated , in a press conference, that, despite Romania being on top in Europe as for the large contracts for SOP ENV (the Sectoral Operational Programme Environment - editor's note), 'practice is killing us'.'We are the first in Europe as regards the chapter of large projects contracting, with a number of 23 approved, of which 17 for SOP ENV. We speak about contracts in the value of 100 - 200 million euros. But practice is killing ...
Italy's Edison promotes cheaper version of Nabucco
Thursday, April 29, 2010
Italian energy company Edison is lobbying the European Commission for more support in upgrading existing infrastructure and building interconnectors from the Caspian to Italy, its representatives said on 26 April. This would allow the Nabucco gas pipeline to take over at a later stage, they claimed.The Edison-favoured ITGI project (Interconnection Turkey-Greece-Italy) is more competitive in terms of cost and could constitute the "first phase" of the Nabucco project, Elio Ruggeri, head of gas ...
South Stream To Go Through Romania
Thursday, April 29, 2010
Romanian Economy Minister Adriean Videanu on last Thursday said Russia-backed South Stream pipeline will transit Romania in its way to Bulgaria and further to Italy and Austria."We've started a dialogue with the Russian Federation. Romania participates in all projects in south [Europe]. South Stream goes through Romania, and so are AGRI and Nabucco," Videanu told a video conference. Early April, Russian natural gas giant Gazprom said Romania can no longer replace Bulgaria in the South ...
EC looks favorably on Romania's diversified energy projects
Thursday, April 29, 2010
The European Commission looks favorably on the energy projects, in particular those on gas transit set to diversify the offer and energy sources, as well as the transit routes, stated on Thursday President of the European Executive Jose Manuel Barroso at the end of a working lunch with Romanian President Traian Basescu.'We do not see these projects as entering a competition, we look at them as contributing to the diversification of the energy offer' to the benefit of European ...
Nuclearelectrica provides 2.687m MWh, in Q1
Thursday, April 29, 2010
The two units of the nuclear power plant in Cernavoda (south-east of Bucharest) put out 2.917 million MWh, in the first quarter of the year, over 2.687 million having been delivered to Romania's National Energy System, read the Nuclearelectrica's web page. The power plant's Unit 1 put out 1.48 million MWh, and delivered 1.361 million MWh, scoring an average capacity factor worth 98.17 percent, while the second unit put out 1.436 million MWh and provided 1.326 million KWh, at an ...
Competition Council launches inquiry on establishment of two energy companies, Electra and Hidroenergetica
Thursday, April 29, 2010
Romania's Competition Council has launched an inquiry on the establishment of two energy companies, CN Electra and CN Hidroenergetica, to figure out the impact of these operations on affected markets. Council president Bogdan Chiritoiu said it wanted to analyse the compatibility of the two companies with a normal competition environment considering that following the restructuring of electricity producing sector there is a possibility that dominant positions may appear.According to ...
Minister of Economy invites representatives of civil society to dialogue about Rosia Montana
Thursday, April 29, 2010
Minister of Economy, Trade and the Business Environment Adriean Videanu invited the representatives of the state institutions that are in charge of carrying out the Rosia Montana project, the ones of the local community and of the non-governmental organizations to a dialogue about the future of the project, informs a release of the Ministry of Economy, Trade and the Business Environment (MECMA).The representatives of the academic environment, of the civil society and of the ...
Power suppliers to face higher fines
Thursday, April 29, 2010
The Senate has adopted a new penalties policy whereby electricity and natural gas suppliers will face sharply higher fines, if they violate the contracts with the consumers and fail short of the license standard. The penalty policy envisages a five-fold increase in fines and will be subject to Deputy Chamber’s approval.The senator from the Liberal-Democratic Party, one of the initiators, said the new policy will make the power distribution companies more responsible in their ...
OMV refinances €1.5 bn syndicated loan
Thursday, April 29, 2010
Austria-based energy group OMV, majority shareholder of Petrom, said it agreed to refinance a €1.5 billion syndicated revolving multi-currency credit facility with a five-year maturity.“This marks the latest step in a process of enhancing the funding profile of the Group initiated in September 2008 with the first time publication of credit ratings assigned by Moody’s (A3) and Fitch (A-)”, OMV said in a press release. This facility replaces the existing facility expiring 2011 and will be used ...
France pleads for better regulation of carbon market
Thursday, April 29, 2010
A working group commissioned by French Economy Minister Christine Lagarde has delivered a report calling for better regulation of the carbon market in light of recent scandals. EurActiv France reports.The EU carbon market has faced a series of setbacks in recent months: VAT fraud, cyber crime and Hungary's sale of 'used' carbon credits have all highlighted weaknesses in the EU’s flagship policy to fight climate change.To tackle these issues, French Economy Minister Christine ...
Petrom invests 100 mln euros in wind energy production
Thursday, April 22, 2010
Petrom has bought the entire Wind Power Park SRL, holder of a power generating project based on wind turbines, the company informs in a release .Total investments in the implementation of wind energy generating project held by Wind Power Park SRL is up to some 100 million euros. The project's capacity, located in Dobrogea, is of 45 MW and can be extended to 54 MW, Petrom informs.The project will be finalized mid-2011, Dobrogea wind park production being facilitated by the fact ...
Iberdrola to operate 1,500MW wind power projects in Romania
Thursday, April 22, 2010
The Spain-based Iberdrola Renovables has been granted a license by the Romanian grid operator Transelectrica to connect a total of 1,500 megawatts (MW) of wind power to the national electricity grid, the company planning to develop 50 wind farms in the country, between 2011 and 2017.This planned output will enable the Spanish giant to generate enough energy in Romania to supply nearly one million households, while also curbing yearly CO2 emissions by 2.6 million tons”, the wind energy ...
Bucharest Mayoralty to become green energy producer
Thursday, April 22, 2010
The waste water treatment plant of Glina, Ilfov county, will be equipped with a micro water power sub-station and a power sub-station fuelled by biogas, in which the Bucharest Mayoralty will invest 6.7 million euro, weekly Capital reports in its latest issue.This March, the Bucharest Mayoralty won a licence from the National Energy Regulatory Authority (ANRE) for the building of the two sub-stations.In order to conduct this investment, the Mayoralty raised European funds ...
ForMin in Rome: Romania, Italy could carry out ambitious energy projects
Thursday, April 22, 2010
The sustained intergovernmental cooperation between Romania and Italy could lead to the completion of ambitious projects in the province of energy, Romanian Foreign Minister Teodor Baconschi told a news conference on Tuesday after discussions with his Italian counterpart Franco Frattini and Italian European Affairs Minister Andrea Ronchi as part of an official visit to Rome.Baconschi mentioned that in his conversation with Frattini he introduced the Romanian stance on the Nabucco ...
Fantanele, Romania's largest functional wind power project
Thursday, April 22, 2010
Czech CEZ energy group has completed the installation of 70 wind turbines in the Romanian village of Fantanele, which is the first part of a 600-MW wind power project carried out in south-eastern Romania, Ziarul financiar reports.In order to start off electricity generation, CEZ needs an approval from Transelectrica, the local national electricity transmission operator, to connect its power transformation plant to Romania's National Electricity Grid.CEZ will install 69 ...
Spain and Japan plan to purchase CO2 emissions from Romania
Thursday, April 22, 2010
According to Environment minister Laszlo Borbely, Spain and Japan plan to purchase CO2 emissions from Romania which the government plans to sell in the upcoming period. We did not start official negotiations but we know that Spain and Japan are interested, Laszlo Borbely declared. So far, the ordinance approving the sell of such certificates was approved but the government needs to approve the normative act regarding the investments that can be made with the money obtained. The minister said ...