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Energy & Environment
ANRE approves payment of over 12.7 billion RON to energy suppliers
Thursday, February 23, 2023
Romanian Energy Regulatory Authority (ANRE) verified and sent for settlement from the state budget, for energy suppliers, according to OUG 118/2021 and OUG 27/2022, an amount of 12.7 billion RON, an increase of over 500 million RON compared to the previous week, ANRE informs in a press release."The total amount sent for settlement based on Government Emergency Ordinances no. 118/2021 and no. 27/2022 increased by 521,887,203.05 RON compared to the information ...
Enel X Romania engaged to build over 40 photovoltaic power plants for business clients in 2022
Thursday, February 23, 2023
Energy solutions provider Enel X Romania was the business clients' choice for the construction of over 40 photovoltaic power plants in 2022, almost double the number of the previous year, and which will generate almost 30,000 MWh a year, the company said in a release.According to the cited source, the photovoltaic plants have a total capacity of over 26 MWp, and the investment in such solutions has an average recovery period of about 5 ...
EnerMin Popescu: In context of hybrid war started by Russia, Romania took measures to secure itself energywise
Thursday, February 23, 2023
Romania has taken measures to secure itself energywise, in the context of the hybrid war started by Russia, but it has also come up with protection solutions for the European Union, stated the Minister of Energy, Virgil Popescu."In the context of the hybrid war started by Russia, Romania took measures to secure itself energywise, but also came up with protection solutions for the European Union. In this sense, we signed an agreement with Georgia, Hungary and ...
The taxes paid by OMV Petrom ensured 7% of Romania’s tax revenues in 2022
Thursday, February 23, 2023
OMV Petrom contributed in 2022 to the state budget of Romania with almost 20 billion lei, approximately the double against 2021 and ensured 7% of the fiscal revenues to the consolidated state budget of Romania, according to a press release of the company. Taxes, duties and direct and indirect contributions amounted to over 19 billion lei, while the basic and special dividends amounted to about 1 billion ...
Construction of largest photovoltaic park in Europe, investment worth 800 million euros, to begin this summer
Thursday, February 23, 2023
The construction of the largest photovoltaic park in Europe, an investment worth 800 million euros, will begin this summer, in the Pilu - Graniceri area, western Arad County, with the project to be accompanied by a second investment, of approximately 200 million euros, in an energy storage unit, also the largest on the continent.The mayor of Graniceri commune, Petru Claudiu Batrinut, told ...
Kazakh nationals from former Rompetrol leadership, sent to trial
Thursday, February 23, 2023
The Directorate for Investigating Organized Crime and Terrorism (DIICOT) prosecutors sent to trial two Romanian nationals and two Kazakh nationals, who held management positions in the Rompetrol company, for the crime of tax evasion.According to the court portal, they are Dmitriy Grigoryev (former vice-president and Chief Financial Officer of Rompetrol Group), Zhakenov Askar (former Chief Information Officer of Rompetrol Group), Vitalie Burca and Ovidiu ...
Minister Popescu: Romania has a viable gas transmission infrastructure that can contribute to regional energy security
Thursday, February 16, 2023
Romania has an operational and viable infrastructure of gas transport which could contribute to the regional energy security, already functioning like an important regional hub of gas supply, stated the minister of energy, Virgil Popescu, who too part on Wednesday in the ministerial Reunion of the International Agency for Energy (IAE) regarding the gas markets and the supply ...
ANRE: The number of prosumers connected to the distribution network reached 40,171 on January 1
Thursday, February 16, 2023
The number of prosumers owners of an electricity production capacity from renewable sources of 423 MW total installed power connected to the distribution network was on 1st January 2023 40,171, show the centralized data by the National Authority of Regulation in the domain of energy (ANRE). According to a press release of the institution, an analysis of the evolution of the number of prosumers shows an increase of three times of the prosumers at the end of ...
Erste provides financing for Enery’s 81-MW Romanian renewables buy
Thursday, February 16, 2023
Austria’s Erste Group Bank AG (VIE:EBS) on Wednesday said it has arranged financing for compatriot Enery Power Holding’s acquisition of an 81-MW renewable energy portfolio in Romania, https://renewablesnow.com/ reads. Enery completed ...
Commission sets rules for renewable hydrogen
Thursday, February 16, 2023
Today, 13 February, the Commission proposed detailed rules to define what renewable hydrogen means in the EU by adopting two necessary delegated acts under the Renewable Energy Directive, a statement said. These acts ...
Natural gas transport pipeline for supply of CET Midia, project of national importance
Thursday, February 16, 2023
The Government adopted on Wednesday, at the proposal of the ministry of Energy, the Decision on declaring the investment project "Natural gas transport pipeline for the supply of CET Mintia" a project of national importance in the field of natural gas.At the same time, the Ministry of Energy was designated as the competent authority responsible for facilitating and coordinating the authorization procedure for this important investment project, reads a press release of the ...
Romania needs improved, predictable energy legislation in order to attract investors
Thursday, February 16, 2023
In order to attract investors Romania must improve its energy legislation which should no longer be subjected to frequent changes, Adrian Borotea, vice-president of the Romanian Wind Energy Association (RWEA) on Tuesday told the online debate "Wind energy, part of Romania's clean energy mix" organized by the Smart Energy Association.Borotea emphasized that last year at least seven legislative changes were operated in the area of energy overall and as regards renewable energy in ...
Romania's final energy consumption down 7.2pct in 2022
Thursday, February 16, 2023
Romania's primary energy resources decreased by 0.6pct in 2022 compared to last year and the final energy consumption was lower by 7.2pct, according to the data published by the National institute of Statistics (INS) on Tuesday.In the analyzed interval, the main primary energy resources totalized 33.492 million tone of oil equivalent (toe), down by 190,500 toe.Moreover, the domestic production was 17.817 million toe, decreasing by 467,200 toe (-2.6pct) YoY, and the ...
Italy's Enel expects to sell Romania business before end-June, its CEO says
Thursday, February 16, 2023
A sale of Enel's Romanian assets is moving "in the right direction" and it expects a deal before the end of June, the chief executive of the Italian power utility said on Tuesday, Reuters informs. The sale of the business in Romania is part of Enel's strategy to reduce net debt to 51-52 billion euros ($55 billion to $56 billion) at the end of this year from a peak of nearly 70 billion euros reached at the end of ...
The price of carbon certificates will continue to influence the price of electricity in 2023
Thursday, February 16, 2023
The prices of carbon certificates are kept high by the intervention of financial funds in this market. At the same time, as the main beneficiary, the state has no interest in reducing the prices of emission certificates. In this context, the high quotation of certificates, which directly influences the price of electricity, will continue to exert the same influence during 2023 as well. “The price of carbon certificates will keep increasing and will have a ...
Elcen is out of insolvency
Thursday, February 9, 2023
The Bucharest Tribunal decided to close the insolvency procedure and the reintroduction of Electrocentrale Bucuresti (Elcen) in the economic circuit, the company says.The request through which Electrocentrale Bucuresti SA asked for the opening of insolvency proceedings was admitted on 6th October 2016, at the Tribunal Bucuresti.The ...
Electrica acquired the company which develops the photovoltaic project Vulturu in Vrancea, of 9.75 MW
Thursday, February 9, 2023
The energy supplier and distributor Electrica announced that they finalized the acquisition of the project company Green Energy Consultancy&Investments owned by Vlad-Mihai Ungureanu and Tudor-Nicolae Ungureanu and which develops the photovoltaic project Vulturu, Vrancea county with an installed capacity of 9.75 MW (net evacuable power). The project is at the stage of ...
The Petromidia refinery has returned to optimal operational capacity
Thursday, February 9, 2023
The Petromidia Navodari refinery has returned to optimal operational capacity, following the successful completion of the programmed technological operations carried out by Rompetrol Rafinare, member company of the KMG International Group (Rompetrol). "The completion of the works allows us to ensure an optimal degree of utilization of the refining capacity for the rest of the year, in support of the ...
Romgaz -Socar Trading signed new individual contract for delivery of natural gas to Romania
Thursday, February 9, 2023
Romgaz National Gas Company (SNGN) and Socar Trading, a subsidiary of the national oil company of the Republic of Azerbaijan signed on Friday in Baku a new individual contract for the delivery of Azerbaijani natural gas to Romania."In order to ensure our country's consumption need, today, I have participated in the signing ceremony of a new individual contract for the delivery of Azerbaijani natural gas to Romania, between the SNGN Romgaz SA and Socar ...
Transelectrica to build its own security operations centre on USD 2.7m investment
Thursday, February 9, 2023
Transelectrica is laying the foundations for the development of its own security operational centre on US investment totalling 2.7 million US dollars, the company informed on Friday.According to a press release, the national electricity transmission corporation signed a grant agreement worth about 1.1 million US dollars with the US government represented by the United States Trade and Development Agency (USTDA) for the establishment of a security operations ...