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Energy & Environment
Nuclearelectrica - Emirates Nuclear Energy Corporation ink MoU to develop nuclear energy programme
Thursday, March 23, 2023
Nuclearelectrica and Emirates Nuclear Energy Corporation (ENEC) have signed a Memorandum of Understanding for bilateral cooperation in the nuclear energy sector to support the development of this critical energy source in addressing the challenges of energy security and climate change, a release sent on Monday to Agerpres, reads.The objective of the MoU is to provide both parties with a favorable framework for a potential collaboration ...
Hidroelectrica and Masdar to build offshore wind farms and floating solar farms in Romania
Thursday, March 23, 2023
Representatives of Hidroelectrica and those of Masdar company of the United Arab Emirates (UAE) have signed on Monday, in Abu Dhabi, a joint venture agreement which engages the two companies in a joint investment demarche aimed at the creation of offshore wind farms and floating solar farms in our country."The event was endorsed by the presence of Romania's President Klaus Iohannis, Energy Minister Virgil Popescu and his counterpart from the ...
Speeh Hidroelectrica, fined 400,000 RON for deficiencies in contracts with end customers
Thursday, March 23, 2023
Electricity supplier Speeh Hidroelectrica has been fined 400,000 RON, double the maximum provided for by law, following an extensive control action carried out by the Romanian Energy Regulatory Authority (ANRE).Thus, deficiencies were found in the supplier's activity, which consisted of: failure to issue invoices for the amounts of electricity supplied to the 482,638 final customers in the portfolio, for each billing period and within the timeframe ...
Photon Energy Group provides financing of 21.9 million euros for projects in Romania
Thursday, March 23, 2023
Photon Energy announces that it has concluded a non-recourse project refinancing agreement in the amount of 21.9 million euros with the Austrian-based Raiffeisen Bank International (RBI) for its portfolio of photovoltaic plants in Romania, with a total installed capacity of 31.5 MWp (MegaWatt peak), according to a press release.The signing of the agreement represents the Group's first project financing for European photovoltaic assets operating on a ...
Gas imports decrease by over 85pct, in January 2023; production up 7.5pct
Thursday, March 23, 2023
In January 2023, Romania imported a quantity of usable natural gas of 44,300 tons of oil equivalent (toe), by 85.2pct (-254,500 toe) less than in the same period last year, according to the data centralized by the National Institute of Statistics (INS).The domestic natural gas production in the mentioned period was 661,300 toe, by 7.5pct (46,000 toe) over the one registered in 2021.The National Commission for Strategy and Prognosis (CNSP) ...
Nuclearelectrica, BWXT Medical Ltd sign agreement advancing nuclear medicine
Thursday, March 23, 2023
Romania's Nuclearelectrica corporation is advancing the development of nuclear medicine in Europe under an innovative agreement with BWXT Medical Ltd., part of BWX Technologies, Inc., the company announced in a press statement on Friday.The agreement between Nuclearelectrica and BWXT Medical will explore the possibility to enhance cooperation in the field of nuclear medicine in Europe, for the production of medical isotopes."The ...
Over 80% construction progress for the cogeneration plant on the Petromidia platform
Thursday, March 23, 2023
The Kazakh-Romanian Energy Investment Fund (KREIF) has made considerable progress in commissioning the cogeneration plant on the Petromidia platform, reaching over 80% of the total operations, part of the project that started in May 2021. Through Rompetrol Energy, member company of the KMG International Group (Rompetrol) and entity responsible for managing the energy projects carried out through the ...
E.ON to set up 13,000 km of green corridors along high-voltage overhead lines by 2030
Thursday, March 23, 2023
The distribution companies of the E.ON group have announced that, by 2030, they will set up 13,000 km of green corridors along the high voltage overhead lines, from the Black Sea to Sweden, of which 370 km in Romania.According to a company release sent on Friday, for this year, E.ON is taking into account the inventory of the biotope of approximately 200 hectares and the implementation of the Ecological Corridor Management concept on an area of 60 hectares ...
Romania should consider large renewable energy investment projects
Thursday, March 23, 2023
Romania should consider large renewable energy investment projects, and contracts for this kind of energy projects are expected to be signed in the coming weeks under the National Recovery and Resilience Plan (PNRR) worth 600 million euros, senior official with the Energy Ministry Dan Dragos Dragan told the Romanian Business & Investment Roundtable conference on Thursday."Romania has deployed all the necessary efforts to ensure the energy security of the ...
Government decides to sideline 660 MW of lignite-based electricity generation capacity for 3 years
Thursday, March 16, 2023
The Government has decided to sideline 660 MW of lignite-based electricity generation capacity for a period of three years or even to decommission it, starting in June 2023, in order to clarify some of Romania's commitments under the National Recovery and Resilience Plan (PNRR) relating to the energy market reform, through an emergency ordinance adopted on Wednesday.According to a press release issued by the Executive, the amendments to Emergency Ordinance (OUG) no. ...
Cernavoda NPP Units 3 and 4 support agreement, approved
Thursday, March 16, 2023
The law approving the signing of the Support Agreement between the Romanian State and the Nuclearelectrica National Company for the Cernavoda NPP Units 3 and 4 Project has been adopted, Energy Minister Virgil Popescu informs on Tuesday."Thus, Unit 3 will enter into operation at the end of 2030 and Unit 4 in 2031," the minister wrote on his Facebook page.The purpose of the agreement is to establish the effective modalities of cooperation between the parties, by ...
Enel notifies Fondul Proprietatea on right to participate in stake sale
Thursday, March 16, 2023
Fondul Proprietatea (FP) has received a notification from Enel regarding its right to participate in the sale of the stakes held by the Italian group in Romania, FP informs in a report sent to the Bucharest Stock Exchange on Tuesday."Franklin Templeton International Services SR, in its capacity as manager of alternative investment funds and sole administrator of the Fondul Proprietatea SA, wishes to inform shareholders that it has received a notification from Enel SpA ...
Projects of over 3,000 MW of solar energy to be installed in Romania, by 2025
Thursday, March 16, 2023
More than 3,000 MW of solar energy will be installed in Romania, in the next two years, with financing from European funds, estimates REI specialists, a group of companies specialized in attracting European funds and state aid, with significant projects submitted last year to increase energy efficiency.According to a company press release sent on Tuesday, more than 500 MW could enter on the market in the coming years and strictly refers to the projects submitted by the REI ...
Romania's electricity resources fall 0.3%, final consumption drops 10.6% in January
Thursday, March 16, 2023
Romania's primary energy resources decreased in January 4.4% and electricity resources went down 0.3% compared to the same period last year, according to data the National Institute of Statistics (INS) released on Tuesday.The main primary energy resources totalled 2.7 million tonnes of oil equivalent (toe) in the reporting period, down 123,300 toe from the first month of 2022.At the same time, domestic production totalled 1.579 million toe, up 21,000 toe (+1.3%) ...
The first Rompetrol integrated service centers and gas stations on the A1 highway (Nadlac-Sibiu section)
Thursday, March 16, 2023
The Kazakh-Romanian Energy Investment Fund (KREIF) and Rompetrol Downstream - the retail structural subdivision of the KMG International Group in Romania, opened today the first four integrated service centers on the A1 highway (Nadlac – Sibiu section), near the town of Pecica (km 558+380, left and right) and town of Orastie (KM 340+500, left and right). The stations were handed over for equipment, operation and maintenance by The National ...
Romania's crude oil production down 5.8 pct, imports up 27.6 pct in 2022
Thursday, March 16, 2023
Romania produced more than 2.92 million tonnes of oil equivalent (toe) of crude oil in 2022, by 179,200 toe (-5.8%) less than in 2021, according to data centralised by the National Institute of Statistics (INS).Imports of crude oil in 2022 amounted to 8.7 million toe, by 1.881 million toe (27.6%) higher than in the previous year.The National Commission for Strategy and Prognosis was estimating crude oil production at 3.17 million toe in 2022 (down ...
Energy regulator approves payment of 13.3 bln RON to energy suppliers
Thursday, March 16, 2023
The National Energy Regulatory Authority (ANRE) verified and sent for settlement from the state budget 13.3 billion RON due in compensation to energy suppliers, by 450.814 million RON more compared to the previous week, ANRE informs in a release.Thus, according to OUG No. 118/2021 (November 2021 - March 2022), 345 applications were submitted by 80 companies; of these 288 were approved and the rest were declared ineligible. The amount transferred to the Energy Ministry was ...
The net profit of Electrica Group was last year 559 million lei
Thursday, March 9, 2023
The net profit of Electrica Group in 2022 was, at consolidated level558.8 million lei, as compared to a loss of 552.9 million in 2021. The revenues of Electrica Group reached a level of 10.01 billion lei, higher by 39.4% against 2021. Electrica Group distributed in 2022 approximately 17.73 TWh ( dropping by 4% against 2021) to a number of approximately 3.9 million ...
Delgaz Grid, in the E.ON group proposed for this year investments by 36% more than in 2022
Thursday, March 9, 2023
The Delgaz Grid company, part of E.ON group in Romania budgeted for this year investments of 915 million lei (over 180 million euro) by 36% more against the previous year. The funds will mainly go to the modernization, extension, automation and digitization of the distribution networks of natural gas and electricity. The company operates 25,000 km of natural gas network and over 81,000 km of electricity ...
Nuclearelectrica inks agreement with SNC-Lavalin group in Cernavoda Unit 1 refurbishment project
Thursday, March 9, 2023
Nuclearelectrica has selected Candu Energy Inc., a member of the SNC-Lavalin Group, to carry out additional pre-project work for the CANDU reactor of Cernavoda Unit 1, before extending its life span, the company informs.Within the rd 65 million USD two-year agreement, SNC-Lavalin will perform long-term engineering and front-end engineering services, in order to prepare the future refurbishment project of CNE Cernavoda Unit 1. The refurbishment will extend the life ...