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Energy & Environment
PPC: RE Banat – tender of over 45 mln. lei for the modernization of the infrastructure in Cenad
Thursday, June 13, 2024
Retele Eelectrice Banat company, part of PPC Group in Romania, launched, through the public procurement information system, a procurement procedure for works for the modernization of medium and low voltage grids in Cenad, Timis County, for the benefit of approximately 1,600 inhabitants. The value of the tender is 45.2 million lei, without VAT. “The need to invest in the resilience and modernization of electricity grids is a current and ...
ANRE: The tariff surge for system services by 40% will have little effect on bills
Thursday, June 13, 2024
The increase in the tariff for the purchase of system services will have a small effect on the electricity costs borne by the users, in the case of an annual household consumption of 1 – 1.5 MWh, the increase in the annual bill being a maximum of 3.7 – 5.5 lei/ year, informs the National Energy Regulatory Authority (ANRE). “The tariff increase for the purchase of system services is 3.67 lei/MWh, from 9.17 lei/MWh, valid for the ...
The 66 MW Frumusita wind farm developed by Eurowind Energy has Received the construction permit
Thursday, June 13, 2024
The Danish developer and operator of wind, solar and hybrid projects, Eurowind Energy, obtained the construction permit for the Frumusita wind farm in Galati County. Planned to become operational by the end of 2025, the wind farm will integrate a total of 11 wind turbines and supply a total of 62.000 ...
Analyst: Europe's dependence on gas brings important price changes in any supply limitation
Thursday, June 6, 2024
Europe's dependence on natural gas, as high as before the crisis, brings important price changes to any supply limitation, says Dumitru Chisalita, chairman of the Smart Energy Association (AEI) in an analysis sent on Tuesday."Europe's dependence on energy imports has not changed significantly in recent years, with Europe remaining heavily dependent on energy imports. An incident at a gas pipeline in Norway has caused important price changes on the stock exchanges, just as ...
Eurowind Energy finalizes the initial foundation of the Pecineaga wind farm
Thursday, June 6, 2024
The Danish developer and operator of wind, solar, and hybrid projects, Eurowind Energy, finalized the first foundation of the 48 MW wind farm in Pecineaga. Scheduled to become operational in 2025, the wind farm in Constan?a County will incorporate a total of eight foundations corresponding to the eight turbines. This significant achievement marks a crucial step in the progress of the renewable energy project, which involved a total investment of 79 ...
Restart Energy agrees grid connection for Romania’s second biggest solar park
Thursday, June 6, 2024
Agrovoltaics, a subsidiary of Romania’s Restart Energy group, has concluded an EUR 11.3 million grid connection agreement with transmission system operator (TSO) Transelectrica for the second largest solar park in the country. The 500 MW project will be financed by the US export credit agency, according to a statement from the company, https://balkangreenenergynews.com/ informs. Restart Energy ...
Transgaz, energy min sign 6.8 mln euro financing contract
Thursday, June 6, 2024
Romanian gas transmission system operator Transgaz [BSE:TGN] said that it has signed a contract with the energy ministry to receive 33.97 million lei ($7.4 million/6.8 ...
Black Sea Oil & Gas sets up new company to develop biogas plants in Romania
Thursday, May 30, 2024
A new company focused on the development of biogas plants across Romania, BSOG Energy SRL, has been set up by Black Sea Oil & Gas S.A. (BSOG), together with its shareholders, global investment firm Carlyle and the European Bank for Reconstruction and Development (EBRD), BSOG said in a press release sent on Wednesday.The newly-established BSOG Energy SRL, headquartered in Bucharest, will develop biogas plants nationwide, with each site estimated to have a capacity of at ...
State-of-the-art reactors installed at the Petromidia refinery
Thursday, May 30, 2024
Rompetrol Rafinare, member company of the KMG International Group (Rompetrol), introduced two modern reactors into the operational flow of the Petromidia refinery, part of the Middle Distillate Hydrotreating (HDV) unit, which will reach optimal operational parameters in the shortest time possible. The investment of about 16 million dollars, implemented as part of the recently completed general turnaround, will lead to increased amounts of loaded ...
Premier Energy listing increases representativeness of energy and utilities sector to 66% of BVB capitalization
Thursday, May 30, 2024
The listing of Premier Energy increases the representativeness of the energy and utilities sector to 66% of the total capitalization of the Stock Exchange, said Radu Hanga, the president of the Bucharest Stock Exchange, on Tuesday."It is the largest listing of an entrepreneurial company on the Bucharest Stock Exchange in the last 7 years. We had the Digi listing in 2017, which was bigger. If we look at the history of the Bucharest Stock Exchange, it is in the top 5 ...
Romania signs “Green Energy Corridor”, the strategic partnership in green energy development and transport
Thursday, May 30, 2024
In the application of the Agreement between the Governments of the Republic of Azerbaijan, Georgia, Romania and Hungary regarding the Strategic Partnership in the field of Green Energy Development and Transport – “Green Energy Corridor” Project, CNTEE Transelectrica SA and the other relevant parties designated at the level of each state, respectively AzerEnerji JSC, Georgian State Electrosystem and MVM Zrt., signed on Monday, May 27, in Bucharest, a Memorandum of ...
Moldovan gas market should couple with Romania
Thursday, May 30, 2024
Moldovan gas market and incumbent Moldovagaz undergo major changes related to market and transit Coupling with Romanian market would help speed up implementing daily balancing Political developments may determine the direction taken by the market Moldova’s best chance to consolidate its gas sector is to couple up with the Romanian market, the CEO of ...
The value of green lending for companies reached 5 bln. lei in March
Thursday, May 30, 2024
The “green” credits granted to companies in Romania amounted to 5 billion lei in March of this year, an annual increase of 129%, Florin Dragu, head of the service Financial Stability Directorate of the National Bank of Romania (NBR). “At the moment, “green” lending is still a market in information and also has a high potential for increasing the level of financial intermediation. The latest data, related to March 2024, ...
EBRD:Supporting renewable energy in Romania and Moldova
Thursday, May 30, 2024
EBRD becomes a minority shareholder in Premier Energy PLC in initial public offering Bank buys 11 per cent of offering, bringing 3.2 per cent ownership of the company IPO proceeds to invest in renewable energy generation in Romania and Moldova The ...
Engie Romania completes purchase of 80 MW wind park
Thursday, May 23, 2024
Engie Romania, part of French utility company Engie, said on Monday that it has finalised the acquisition of an 80 MW wind park from Czech investment firm EnerCap Group. The wind park, located in Romania's southeastern commune of Chirnogeni, Constanta county, is expected to generate around 180 GWh of electricity per year, which is enough to power about 90,000 households, Engie said in a press release. The ...
Romania's crude oil production down 3.4pct in Q1 2024, imports drop 15.1pct
Thursday, May 23, 2024
In the first quarter of 2024, Romania produced 682,400 tonnes of oil equivalent (toe) of oil, 23,900 toe less (-3.4%) than in the same period of the previous year, according to data centralised by the National Institute of Statistics (INS).Imports of crude oil exceeded 1.773 million toe in the period, 315,700 toe less than in January-March 2023 (-15.1%).According to the latest Energy Balance Forecast, published by the National Commission for Strategy and ...
OMV Petrom invests 23 million EUR in largest crude oil storage tank in Romania, at Petrobrazi refinery
Thursday, May 23, 2024
OMV Petrom has commissioned the largest crude oil tank in Romania at the Petrobrazi refinery, after an investment of more than 23 million EUR commissions, according to a company press release ."The construction of the new oil tank is a new important project successfully completed on the Petrobrazi platform, together with the installation of new coking chambers and other modernisation projects. All these investments strengthen our capacity to ensure a good and safe operation ...
Electrica signs Memorandum of Understanding with Esyasoft Holding Ltd.
Thursday, May 23, 2024
Electrica has signed a Memorandum of Understanding with Esyasoft Holding Ltd., a subsidiary of the International Holding Company (IHC), Abu Dhabi, United Arab Emirates (UAE), informs the company through a press release sent to the Bucharest Stock Exchange. "Electrica informs investors that it signed today, May 16, 2024, in the presence of the prime minister of Romania, a Memorandum of Understanding with Esyasoft Holding Ltd., regarding the collaboration ...
Romania's electricity distribution operator invests 70.3 M RON in Q1
Thursday, May 23, 2024
Romania's electricity distribution operator Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, made investments of 70.3 million RON in the first quarter of the year, representing 102.1% of the estimated value, according to the financial results communicated by the Electrica Group.According to Mihaela Suciu, general director of DEER, the increase in security and the acceleration of the digitalization process of the distribution ...
Romgaz has new branch in Republic of Moldova - Chisinau branch for natural gas supply
Thursday, May 23, 2024
The Romgaz branch in Chisinau was registered on Thursday with the Public Services Agency of the Republic of Moldova, in the State Register of Legal Entities, the company informs through a release ."The process of registering the Romgaz Branch in Chisinau falls within the scope of the company's actions in order to expand its gas supply activity at the regional level, an objective foreseen in the company's strategy for the period 2021 - 2030. Romgaz wants to contribute to ...