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Energy & Environment
AE SOLAR will produce solar panels in Romania
Thursday, March 9, 2023
The German manufacturer of solar panels AE SOLAR will produce solar panels in Romania, through an investment of one billion euros in a factory, according to a statement from the Government. This would be one of the largest investments announced in recent years in Romania. Prime Minister Nicolae ...
Oil Terminal in talks over EUR 0.8 bln urban regeneration contract with Iulius Group
Thursday, March 9, 2023
Oil Terminal, a company controlled by the Romanian state (60%), received the approval of the Ministry of Energy to kick off negotiations with Iulius Group, controlled by Iulian Dasc?lu, for a massive urban regeneration project in Constanta estimated to cost over EUR 0.8 bln. The developer will build "hotels, office spaces for the private and public sectors, retail and logistics spaces, systems of ...
Premier Energy to modernize electricity grid around Chisinau
Thursday, March 9, 2023
The European Bank for Reconstruction and Development (EBRD) is lending 30 million dollars to ICS Premier Energy Distribution S.A., Moldova’s largest private electricity distribution system operator, to finance its investment program to 2025 while it modernizes, digitalizes and upgrades the distribution grid in the central and southern parts of the country, including the capital Chisinau. This loan ...
Contributions of the oil and gas sector to the budget – of almost 10% in H1, 2022
Thursday, March 9, 2023
The total tax contributions paid by the oil and gas sector to the consolidated budget were in the first half of last year (H1) 21.5 billion lei, representing 9.7% of the state’s total revenues, according to a study published by the Employers’ Oil and Gas Federation (FPPG). In 2021, the contributions were of 29.8 billion lei, representing 7.8% of the state’s total ...
energiaTa launched the first digital platform for the Romanian prosumer community
Thursday, March 9, 2023
Since 22 February, the first digital platform dedicated to those who want to install photovoltaic panels and become prosumers, as well as installers specializing in the assembly and installation of photovoltaic panels, has been operating. The energiaTa ...
Iraqi firm to switch defunct coal plant in Romania to gas, hydrogen
Thursday, March 9, 2023
Mass Group Holding told Romania’s Prime Minister Nicolae Ciuc? it would invest more than EUR 1 billion in turning the Mintia coal plant into a 1.5 GW facility running on gas and hydrogen. Mass Global Energy Rom, subsidiary of Mass Group Holding from Iraq, agreed in August to buy the decommissioned Mintia coal plant in ...
Romania reduced 29 thousand tons of CO2 emissions in only 3 months
Thursday, March 9, 2023
Between September and December 2022, more than 700 companies in Romania recycled and utilized almost 30,000 tons of waste, thus reducing the level of carbon dioxide (CO2) emissions by more than 29,000 tons, according to a new CO2 calculation platform recently launched by Clean Recycle on the local market. Thus, over 700 large companies introduced over 46 thousand tons of packaging waste generating CO2 emissions during the ...
PPC to complete takeover of Enel Romania
Thursday, March 9, 2023
The signing of a binding agreement for Public Power Corporation to acquire the assets of its Italian peer Enel in Romania is said to be a matter of hours, https://www.ekathimerini.com/ reports. By late on Tuesday, according to ...
The minister of energy: Romania is ready to stimulate investments in new production capacties in the domain of renewable and nuclear energy
Thursday, March 2, 2023
Romania is interested in implementing a system of agreements for the purchase of electricity which could ensure predictibility on the market for a long term and stimulate investments in new capacities of production in the domain of renewable and nuclear energy, says the minister of energy, Virgil Popescu. Similarly, the Romanian official spoke during the reunion about the importance of mechanisms of ...
PM Ciuca: Romania has energy resources to cover present, future needs of citizens and economy
Thursday, March 2, 2023
Prime Minister Nicolae Ciuca coordinated, on Friday, the meeting of the Interdepartmental Working Group for Energy Security (GLISE), which analysed the situation of natural gas reserves, the preparation of stocks for the next period and the status of investment projects to increase energy production and storage capacity.According to a press release issued by the Executive, the measures taken by the Government ensure the natural gas reserves necessary for the ...
Minister Popescu: The natural gas storages of Romania have about 50% filling level
Thursday, March 2, 2023
The natural gas storages of Romania have about 50% a filling level, which ensures the consumption necessary for the citizens and the economy, wrote the minister of economy, Virgil Popescu on his Facebook page. 'Together with the prime-minister, Nicolae Ciuca we took part on Thursday to the reunion of the Interdepartamental Energy Security Working Group (GLISE). The natural gas storages of Romania have ...
Rompetrol Rafinare posts profit in 2022, with net result of 90.3 million RON
Thursday, March 2, 2023
Rompetrol Rafinare generated, last year, a gross turnover of over 6.5 billion US dollars, an increase of 42%, an operating profit (EBITDA) of approximately 464 million US dollars and a net profit of 90.3 million, compared to losses of 186.8 million US dollars in 2021.According to a company release, Rompetrol Rafinare, a member of the KMG International Group, recorded, in 2022, an improvement in financial indicators, as a result of higher European refining margins ...
Transgaz net profit up 97pct, in 2022
Thursday, March 2, 2023
The National Gas Transmission Company 'TRANSGAZ' S.A obtained a net profit of 368.689 million lei, increasing by 97pct compared to the one registered in 2021, which stood at 186.941 million lei, according to the preliminary individual financial statements on 31 December 2022, published on Tuesday on the website of the Bucharest Stock Exchange (BVB).The preliminary gross profit on 31 December 2022 is 84pct higher, i.e. 201.258 million lei higher than the level ...
Transelectrica posts 529 M RON in net profit in 2022
Thursday, March 2, 2023
Transelectrica National Electric Energy Transport Company recorded a net profit of 529.16 million RON in 2022, a significant increase compared to the previous year, of 0.45 million RON, according to the preliminary unaudited financial data of the company, submitted on Monday, to the Bucharest Stock Exchange."The preliminary net result at the end of 2022 shows growth compared to the previous year both against the background of the increase in the unit price ...
CTP and Enel X install 1.5 MW photovoltaic power station at CTPark Bucharest industrial park
Thursday, March 2, 2023
CTP, the largest owner and developer of industrial and logistics space in Romania, is continuing to invest in green energy through the installation of a 1.5 MW photovoltaic power station at ...
Nuclearelectrica closes 2022 with over 2.7 billion RON in net profit
Thursday, March 2, 2023
Nuclearelectrica recorded in 2022 a net profit of 2.73 billion RON, up by 163.4 pct compared to the same period of the previous year, according to preliminary data sent on Friday to the Bucharest Stock Exchange.Total revenues amounted in the period mentioned to RON 6.366 billion (RON 3.11 billion in 2021) and EBITDA (profit before interest, taxes, depreciation and depreciation) to RON 3.547 billion (plus 103.6 pct).The energy production delivered in ...
Until 2026 there are contracts for connection on the part of wind energy for 3,000 MW
Thursday, February 23, 2023
The grid connection contracts are aimed, by 2025, at wind energy projects of about 3,000 MW, said Adrian Borotea, vice-president of the Romanian renewable Energy Association (RWEA), at a specialized conference.He said that out of these connection contracts, over 80% have the chance to be turned in to ...
The companies in the sector of renewables require the elimination of legislative barriers which stop Romania from becoming an energy exporter
Thursday, February 23, 2023
The association of companies in the sector of renewable energy require, in one voice, the elimination of legislative barriers which stop Romania from becoming an energy exporter, according to a press release sent on Tuesday. ‘RPIA (the association of photovoltaic industry in Romania), RWEA (the ...
American Fluor Corporation, interested in getting involved in project of energy transmission cable on Tuzla-Podisor route
Thursday, February 23, 2023
The representatives of the American Fluor Corporation are interested in getting involved in the project of the electricity transmission cable on the Tuzla - Podisor route, then on the corridor of the BRUA gas pipeline, announced minister of Energy Virgil Popescu.The Minister of Energy and the general director of Nuclearelectrica, Cosmin Ghita, met on Wednesday with the representatives of the American company Fluor Corporation to discuss the latest ...
Romgaz's Popescu: Estimated cost of Neptun Deep project, up to 4 billion euro
Thursday, February 23, 2023
The Neptun Deep project in the Black Sea is on the last stretch before the start of works, and the cost estimated together with the OMV Petrom operator is currently up to four billion euros, Romgaz CEO Razvan Popescu told a specialist conference on Tuesday."The project in the Black Sea is really on the last stretch before the works start. We are in the process of procurement, the last offers are being made, in order to start it. The operator, as far as I know, ...