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Energy & Environment
Govt. promises RON 1,400 lumpsum energy subsidies in 2023
Thursday, December 1, 2022
The Government announced that it would offer vulnerable Romanians lumpsum subsidies of RON 700 (EUR 140) twice a year in 2023 to help them pay their energy bills. The support given to the vulnerable population for compensating energy prices will thus be in the amount of RON 1,400 (EUR 280), ...
Tinmar and CE Oltenia resume talks on PV parks and gas-fired power plant in Romania
Thursday, December 1, 2022
The shareholders of the Romanian state-controlled coal and power complex CE Oltenia (CEO), one of the largest electricity producers in the country, decided to resume negotiations with private energy trader Tinmar Energy for the construction of four photovoltaic parks with a total installed power of approximately 280 MW. The ...
Enery Power: Romania is among best places for green energy investments
Thursday, December 1, 2022
Romania is currently one of the best places to invest in green energy, argues Richard König, CEO of Enery Power Holding – an Austrian company with Three Seas Initiative Investment Fund (3SIIF) as its main financier. Enery Power just took over the portfolio of six projects from Canada's Jade Power and reached a volume of ...
Romania and Bulgaria will resume negotiations to build Turnu Magurele-Nicopol hydropower plant
Thursday, November 24, 2022
Romania and Bulgaria will resume negotiations to build the hydropower plant at Turnu Magurele - Nicopol, the Minister of Energy, Virgil Popescu, announced on Tuesday, in a post on his Facebook page."The hydrotechnical project will have 840 MW of installed power, of which 420 MW is the Romanian part, with a total production of 4400 GW per year, respectively 2200 GW for Romania. Today we agreed with the Minister of Energy from Bulgaria, ...
Competitive pressure down in natural gas production, up in cement production, sales
Thursday, November 24, 2022
Romania's top five industries in terms of competitive pressure have remained unchanged in 2022, as against 2021, but a decrease is noticeable in the production of natural gas and a slight increase in the production and the sales of cement, according to a recent report on developments in competition in Romania's key sectors drawn up by the Trade Competition Authority.The top five industries in terms of pressure are taken by IT ...
Enel wants to leave Romania in 2023
Thursday, November 24, 2022
The Enel Group has planned its departure from Romania for next year, according to a report presented to the press on the occasion of the Capital Markets Day conference. Enel said it plans to sell assets worth 21 billion euros ($21.51 billion) to reduce its net debt, to focus on its presence in six countries, according to the updated strategy of the largest Italian utility companies presented on ...
Electromontaj takes over Hidroconstructia and the companies controlled by it
Thursday, November 24, 2022
The Competition Council has announced that they authorized the transaction through which Electromontaj took over Hidroconstructia and the companies controlled by it. Electromontaj SA, part of the H4L Group, is a company specialized in the construction and maintenance of transmission lines together with electrical connection and transformation stations for electricity supply. The H4L Group operates in various fields, ...
Schneider Electric has granted Automatica a production license for medium and low voltage distribution installations
Thursday, November 24, 2022
Schneider Electric, the leader in digital transformation of the management and automation of energy, offered the license to its partner Automatica SA for the production of installation of medium and low voltage distribution installations PIX24. With this license, Schneider Electric Romania may offer and deliver PIX24 equipment produced in Romania, fact which makes costs more efficient and reduced the time for delivery to the ...
KMG International – Rompetrol, part of KazMunayGas for 15 years
Thursday, November 24, 2022
KMG International - Rompetrol group celebrates 15 years within the National Oil&Gas Company of Kazakhstan - KazMunayGas. With the support of its sole shareholder, Rompetrol continued the development of crude oil refining activities, trade with raw materials and oil products, as well as fuel distribution in the Black Sea region and Europe. “Rompetrol ...
Rompetrol Rafinarie Company, fined with 100,000 lei by Environment Guard for pollution
Thursday, November 24, 2022
Rompetrol Refinery Company was fined with 100,000 lei by Constanta Environment Guard because it did not take necessary measures to prevent air pollution. Constanta Environment Guard informed on last Thursday that, following a control made at Rompetrol Refinery SA, at one of the installations, they discovered high Nox levels, exceeding the limit emission ...
Commission proposes a new EU instrument to limit excessive gas price spikes
Thursday, November 24, 2022
The Commission has continued its response to the ongoing energy crisis by proposing ...
EBRD supports energy security in Romania
Thursday, November 17, 2022
The European Bank for Reconstruction and Development (EBRD) is supporting energy security in Romania by lending €30 million to Premier Energy SRL, Romania’s leading private gas ...
Nuclearelectrica, Beltrame sign small modular reactor memorandum
Thursday, November 17, 2022
Nuclearelectrica and Beltrame have signed a memorandum of understanding on the development of small modular nuclear reactors in Romania, according to a Nuclearelectrica press statement released on Tuesday.SN Nuclearelectrica SA, the only nuclear producer in Romania and a strategic contributor to Romania's energy security and deep decarbonisation, announces the signing of a Memorandum of Understanding (MoU) between RoPower Nuclear SA, a recently ...
Families with over three children, churches, public utilites to get subsidised energy prices
Thursday, November 17, 2022
Prime Minister Nicolae Ciuca said on Monday that he supports several categories, including families with more than three children, churches and public utility companies qualifying for subsidised energy prices, noting that there are amendments in that sense to an energy ordinance under consideration in Parliament."It is very clear that everything we have discussed and established in the ordinance, the latest ordinance, will be applied. It ...
EnviMin Tanczos: RON 500 million for the development of electric vehicle charging infrastructure
Thursday, November 17, 2022
The Ministry of the Environment, Water and Forestrty (MMAP) has announced the release of a new financing programme for the development of an electric vehicle charging infrastructure for which RON 500 million have been earmarked.According to Environment Minister Barna Tanczos, the types of stations for which funding will be granted are those of a normal power of at least 3.7 kW and 22 kW at the most."There is a spectacular increase in ...
Transelectrica's net profit jumps five-fold in first nine months
Thursday, November 17, 2022
The net profit of Transelectrica increased more than five times in the first nine months of the year, reaching 418 million RON, according to the report submitted on Monday to the Bucharest Stock Exchange (BVB).The total operating revenues achieved in the period January-September 2022 saw an increase of 114pct compared to the same period of the previous year, to 4.884 billion RON, mainly triggered by the revenues from transport and other revenues ...
Transgaz posts 144pct increase in net profit Jan-Sep
Thursday, November 17, 2022
Transgaz reported a net profit of 273.559 million RON January through September this year, 144pct higher against the same period last year, in the context in which the entire group's consolidated net profit amounted to 266.160 million RON, up by 152pct, according to the company's Quarterly Report sent to the Bucharest Stock Exchange on Monday.By sectors, the revenues from the exploitation activity before the balancing and construction activity, ...
Nine-month residential electricity consumption drops 8.1 pct, as households cut down on energy usage
Thursday, November 17, 2022
Romania's national electricity consumption over January - September was 5.7 percent down year-over-year, with household consumption dropping 8.1 percent from the year-ago period, shows data released on Monday by the National Institute of Statistics (INS).In the reporting period, industrial power consumption was 4.9 percent lower, while public lighting consumption advanced 3.2 percent.The national electricity production was 6.6 ...
Gas imports fall by almost 20 pct in first nine months
Thursday, November 17, 2022
In the first nine months of the year, Romania imported an amount of gas by a 19.2% lower than in the same period last year, according to data published on Monday by the National Institute of Statistics (INS).Domestic gas production was also down by 4.3%.Of the total gas resources, of 6.8 million tons of oil equivalent (toe), domestic production was 5.1 million toe, and imports, 1.6 million toe, representing 23.5% of the ...
Nuclearelectrica profits triple despite selling less energy
Thursday, November 17, 2022
Nuclearelectrica, the partially state-owned Romanian nuclear energy company, saw profits triple relative to last year despite selling 4% less energy in the same period. The company registered a net profit of RON 1.94 bln (EUR 396 mln) in the first nine months of 2022, up 202% relative to last year. The Nuclearelectrica plant located in Cernavoda is the only nuclear ...