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Energy & Environment

Vast Resources' production increase at the Baita Plai mine in Romania encourages Shore Capital

Thursday, October 27, 2022

Vast achieved a 20% increase in overall ore production at Baita Plai during Q3 FY22 compared with Q2 FY22 and more importantly, the analysts said, a 15% rise in copper concentrate produced during the same period, https://www.proactiveinvestors.co.uk/ ...

Prime minister: 11 hydrotechnical constructions are under analysis at Government to be financed through PNRR

Thursday, October 27, 2022

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Prime Minister Nicolae Ciuca declared on last Thursday that 11 hydrotechnical constructions are under analysis by the Government in order to be included in the financing plan through the PNRR."It's not just about these hydrotechnical constructions on the Jiu river, the dam and the Rastolita hydropower plant are also included in the same framework. In total, in the package analyzed at the Government level, there are 11 such works. As such, in the ...

Moldova is facing major energy problems, Maia Sandu convenes the Supreme Council

Thursday, October 27, 2022

The President of the Republic of Moldova, Maia Sandu, convened the Supreme Security Council for an emergency situation, as starting from October 24, Moldova is facing an acute shortage of electricity, writes Timpul.md.   The head of state, Maia Sandu, has called, today, starting at 18.00, the meeting of the ...

400 kV Cernavoda-Stalpu line crossed the Danube – an engineering first in 35 years

Thursday, October 27, 2022

The project to build the 400 kV Cernavoda-Stalpu Overhead Power Line has passed the most difficult technical stage, namely the 2.6 km crossing of the Danube, of which 1.13 km is over water. Transelectrica announced that the Danube river crossing stage was completed in about three weeks, making it the first such large-scale electrical engineering work carried out on the Romanian Electric Transmission Grid in the last 35 years. The double-circuit overhead power ...

ANRE has realized the online platform for changing the supplier of electricity and natural gas

Thursday, October 27, 2022

The National Energy Regulatory Authority (ANRE) announces that it has completed the creation of the online platform for changing the supplier of electricity and natural gas at the national level (POSF), an investment of over 19 million lei. After the verification and validation period of the POSF database, ANRE will publicly announce the date from which the platform can be used by end ...

Memorandum with Azerbaijan on an investment for a liquefied natural gas facility at the Black Sea

Thursday, October 20, 2022

   Prime Minister Nicolae Ciuca announced, on Wednesday, the signing of a memorandum with the representatives of the Azerbaijani company SOCAR for a joint investment in a liquefied natural gas facility at the Black Sea."Following the bilateral meeting we had with the President of Azerbaijan, Mr. Aliyev, we agreed to analyze together the possibility of starting a joint project at the Black Sea for liquefied gas. And, in this way, today, a team from the SOCAR ...

Romania to spend 2.2 bn euro worth of EU funding to counteract effects of rising energy prices

Thursday, October 20, 2022

Romania will use 2.2 billion euro worth of EU funding to counteract the effects of the rise in energy prices, Minister of European Investments and Projects Marcel Bolos said on Wednesday, at the beginning of the government meeting."There are three types of measures that can be considered: the first is to support vulnerable households fend off the energy crisis, including through energy price subsidies; the second possible measure will be the one related to working capital grants ...

CE Oltenia picks up Alro to build together 850MW gas-fired power plant

Thursday, October 20, 2022

Coal and power group Complexul Energetic Oltenia (CE Oltenia) picked up aluminium producer Alro, following a competitive procedure, to jointly build an 850MW natural gas power plant in Isalnita. Alro summoned its shareholders on November 22 to endorse its participation in the project.   The project is at an advanced stage of authorization, and according to current estimates, the plant is supposed to ...

Electrica Furnizare to build 3.5MWp PV plants for Transavia

Thursday, October 20, 2022

Electrica Furnizare, a subsidiary of Electrica Group [BSE:EL], said it has signed an agreement to install solar panels with a total power output of 3.5MWp at several locations owned by local poultry meat producer Transavia, https://renewablesnow.com/ reads.   Electrica Furnizare ...

Romgaz acquiring offshore participation in Neptun Deep drags Romania’s FDI down

Thursday, October 20, 2022

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Romgaz completing in August the takeover of the Bahamas-registered ExxonMobil Exploration and Production Romania Limited for nearly EUR 1 bln reversed the direction of net FDI and made Romania a net foreign investor as the FDI outflows surpassed the inflows.   This happens very rarely and almost all the time as a result of accounting effects - reinvested profits registered at different dates and flows of loans between foreign investors and local ...

Energy minister: 900 million euros in investment from Modernization Fund for Gorj, Dolj counties

Thursday, October 20, 2022

Almost 900 million euros from the Modernization Fund will be invested in Gorj and Dolj counties, the Minister of Energy, Virgil Popescu, wrote on Facebook on Friday." I sent a clear message to the CEO (Oltenia Energy Compound, ed. n.): we are not closing anything, but, on the contrary, we are investing in modernization and preparing the compound for the future. Yes, Oltenia produces most of the electricity that Romania needs. That's why, in the last 3 years, the Government ...

Final energy consumption down 5.3pct in first 8 months of 2022

Thursday, October 20, 2022

Romania's final energy consumption, in the first eight months of 2022, totalled over 35.151 billion kWh, lower by 5.3pct compared to the corresponding period of 2021, whereas in economy, it declined by 4.5pct, the data published on Friday by the National Institute of Statistics (INS) informed.Public lightning registered an increase by 3.8pct and the household consumption dropped by 7.7pct. The own technological consumption of grids and stations was 3.506 billion kWh, ...

Carlyle reportedly seeks partner for its offshore operations in Romania

Thursday, October 20, 2022

Black Sea Oil & Gas (BSOG), the oil and gas operator that began gas production at its Midia perimeter in Romania's offshore, initiated a process of strategic evaluation of the project to "prepare the company for a new stage of ...

Hidroelectrica and Energocom signed a supply contract - 100 MW

Thursday, October 20, 2022

  Hidorelectrica and Energocom, the company designated by the Government of the Republic of Moldova, signed on Thursday a contract for the supply of 100 MW of electricity and the supply is to begin tonight, Minister of Energy Virgil Popescu announced."Hidroelectrica and Energocom, the company designated by the Government of the Republic of Moldova - Andrei Spinu, have signed today a contract of supply - 100MW. Tonight, the supply of electricity for the Republic ...

Romania wants to invest 1.8 billion euros in energy projects for irrigation system

Thursday, October 20, 2022

Romania is trying to implement a pilot project for irrigation infrastructure, the investment amounting to 1.8 billion euros on 1,700-kilometer length of irrigation canals, said the Minister of Investments and European Projects, Marcel Bolos, at the videoconference "Business in agriculture", organized by Bursa magazine.He emphasized that work must be done on the project and the details must be further discussed with the Commission services that serve the National Recovery and ...

Commission sets out actions to digitise the energy sector to improve efficiency and integration of renewables

Thursday, October 20, 2022

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* The European Green Deal and the REPowerEU plan require a profound transformation of our energy system, which must become more interactive and smarter to help consumers reap the benefits of the green transition.   Tuesday, 18 October, the Commission presented an action plan highlighting how new technologies can contribute to improving the efficient use of energy resources, facilitating the integration of renewables into the electricity ...

EnergoBit has almost 8,000 MW of renewable projects in the works

Thursday, October 20, 2022

  The EnergoBit company from Cluj is involved in the construction of energy generation projects from renewable sources of almost 8,000 MW, currently in execution at the national level, said Mihaela Coroiu, director of marketing strategy at EnergoBit, during the conference “New wave of renewables”, organized ...

Partnerg-i enters into new partnership with LevelTen energy to accelerate the energy transition in Romania

Thursday, October 20, 2022

LevelTen Energy, the leading provider of renewable transaction infrastructure, announced a new partnership with partnerg-i, a trusted energy consultancy firm and founding member of the Association of Energy Consumer Companies in Romania. As a result of this partnership, the firm will be able to use the LevelTen Platform to transact on PPAs and help their customers achieve their sustainability ...

Iohannis: Our priority is the construction of an electric cable linking Romania, Georgia and Azerbaijan

Thursday, October 13, 2022

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President Klaus Iohannis said on Tuesday that Romania is working with Georgia and other partner states on carrying out major strategic projects, showing that a priority is the construction of an electric cable linking Romania, Georgia and Azerbaijan, under the "Green Electricity Corridor" initiative that will connect the Caspian Sea to the Black Sea and the European Union."In our conversation, I agreed with the president that physical interconnections ...

Government approves establishing state aid scheme for large energy consumers

Thursday, October 13, 2022

 In Wednesday's meeting, the government approved an emergency ordinance regarding the establishment of a state aid scheme for large energy consumers.According to a statement sent by the Government, the ordinance aims to establish, for the period 2022-2030, a state aid scheme for companies in sectors considered to be exposed to a real risk of carbon dioxide emissions relocation due to the significant indirect costs that effectively bear them ...

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