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Energy & Environment
Hidroelectrica to invest, together with a company from the Emirates, in 1,500 MW floating photovoltaic panels
Thursday, September 28, 2023
A very important project that we have in mind at the moment is an investment of about 1,500 Megawatts in floating photovoltaic panels, which we want to realize together with the Emirati company Masdar, on Friday announced, during a conference on the market of capital, the president of Hidroelectrica, Bogdan Badea."The Hidroelectrica company focuses on several targets. The first target is to maintain and increase the company's profitability and financial performance, which ...
Vast Resources sees minimal operational impact from industrial action in Romania
Thursday, September 28, 2023
Vast Resources said it expects the impact on operations at its polymetallic mine in Romania stemming from industrial action to be minimal, https://www.marketwatch.com/ reads. The London-listed mining company said most of the workforce remained supportive of the company and ...
Senior official: Romania must use all low carbon emitting resources to achieve decarbonisation goals
Thursday, September 28, 2023
Renewable energy sources, nuclear energy and natural gas form the backbone of the energy transition in Romania, Pavel-Casian Nitulescu, senior official with the Romanian Ministry of Energy, told the 24th editions of the World Petroleum Congress on Thursday."To achieve our decarbonisation objectives and to maintain the stability of the national power grid, it is necessary to use all available sources with low carbon emissions such as natural gas, with the gradual transition ...
Canada signs $3-billion deal to finance nuclear power in Romania
Thursday, September 21, 2023
Canada is helping to finance two new nuclear reactors in Romania, which that country’s energy minister says will help diminish Russia’s ability to use its energy exports as a weapon. Canadian Energy Minister Jonathan Wilkinson signed the $3-billion deal with his Romanian counterpart, Sebastian Burduja, in Ottawa. He says it is first and foremost about adding new non-Russian energy sources, and Romania is in talks to share ...
President Iohannis: Since 1990, Romania has reduced greenhouse gas emissions by more than two thirds
Thursday, September 21, 2023
Romania has reduced its greenhouse gas emissions by over two thirds since 1990, while multiplying its Gross Domestic Product (GDP), President Klaus Iohannis said on Wednesday, adding that currently, Romania has one of the lowest levels of such emissions per capita in the European Union.Iohannis attended and delivered a speech to the Climate Ambition Summit included on the agenda of the UN General Assembly."Romania will phase out coal by 2030 and bring into ...
First floating photovoltaic energy system to be built on Grebla lake, with 1.36 mln euros
Thursday, September 21, 2023
TMK Hydroenergy Power, in partnership with Innovation Norway, has started the construction, on the Grebla lake, of the first floating photovoltaic energy system, which will generate more than 1 million KW/year and a reduction of greenhouse gas emissions of over 300 tons of CO2 annually.The value of the investment is 1.36 million euros, TMK Hydroenergy Power benefiting from an Innovation Norway grant to cover part of the expenses."The works ...
ANRE completes operationalization of digital platform for reporting and monitoring natural gas market
Thursday, September 21, 2023
The National Energy Regulatory Authority (ANRE) has completed the operationalization and digitalization process of the Natural Gas Market Reporting and Monitoring Platform, in line with the provisions of the Natural Gas Market Monitoring Methodology, according to a press release.According to the cited source, the platform, developed exclusively with internal resources, represents a significant step towards increasing and monitoring the transparency and efficiency of ...
Gas imports down 26.4% pct, production up 4.6 pct in first seven months of 2023
Thursday, September 21, 2023
Romania imported, in the first seven months of 2023, a quantity of usable natural gas of 956,900 tonnes of oil equivalent (toe), 26.4% (-342,700 toe) less than in the same period last year, according to data centralized by the National Institute of Statistics (INS).Domestic production of natural gas in January-July 2023 amounted to more than 4.367 million toe, 4.6% (193,000 toe) higher than in the first seven months of last year.According to estimates by the ...
Romania to build transmission, interconnection power line worth EUR 3 billion
Thursday, September 21, 2023
A high-voltage direct current cable across Romania to Hungary is “the number one priority,” Minister of Energy Sebastian Burduja said. It is valued at more than EUR 3 billion, https://balkangreenenergynews.com/ informs. A power link will be ...
EU electricity market reform at a standstill over nuclear power row
Thursday, September 21, 2023
The European Parliament gave the green light to start negotiations with the Council of the EU to reform the Union's electricity market. However, the Council is currently deadlocked due to disagreements, mainly between Germany and France, over the financing of nuclear energy.With a reform of the European electricity market, MEPs want to protect consumers more strongly against price fluctuations. Citizens should have the right to fixed price contracts as well as contracts ...
Korean investors, interested in construction of reactors 3 and 4 at Cernavoda nuclear power plant
Thursday, September 21, 2023
The participation of Korean companies in the development of the nuclear sector in Romania was one of the topics analyzed on Thursday by the minister of Energy, Sebastian Burduja, and the ambassador of the Republic of Korea in Bucharest, Rim Kap-Soo, the Ministry of Energy informs in a press release.During the meeting held at the institution's headquarters, the two sides presented the priorities in bilateral relations regarding nuclear energy and the joint cooperation ...
Dragan (ME): We want to have over 10 GW of additional renewable capacity installed by 2030
Thursday, September 14, 2023
Romania has started transforming its energy system in line with its targets and wants new renewable capacities, the target being that by 2030 we will have an additional 10 Gigawatts of renewable capacities installed, all technologies, said Dan Dragan, Secretary of State in the Ministry of Energy, on Monday. He also added that the nuclear programme is to continue, namely Units 3 and 4 at Cernavoda and ...
Primary energy resources decrease 2.4%, final electricity consumption in economy drops 5.8%
Thursday, September 14, 2023
Primary energy resources decreased 2.4% in the first seven months of this year and electricity resources increased 2.8% compared to the same period in 2022, while final electricity consumption in the economy dropped 5.8%, data the National Institute of Statistics (INS) released on Wednesday show.According to an INS release, in the period from January 1 to July 31, 2023, primary energy resources totaled 18.874 million tonnes of oil equivalent (toe), ...
Romania and Qatar could collaborate in energy filed by attracting mutually beneficial investments
Thursday, September 14, 2023
Energy minister Sebastian Burduja and Qatar's ambassador to Romania, Osama Yousef A.A. Alqaradawi, discussed on Tuesday, during a meeting, the possibilities of cooperation in the energy field, by attracting mutually beneficial investments, the ministry informed in a press release."Today, September 12, 2023, Energy minister Sebastian Burduja held a meeting at the Ministry of Energy with His Excellency Mr. Osama Yousef A.A. Alqaradawi, ambassador of the ...
Sterian: At the level of 2027-2028, Romania will need, apart from the gas from the Black Sea, of 4-5 bln. Cmc
Thursday, September 14, 2023
Romania will need, at the level of the years 2027-2028, 4-5 billion cubic meters of gas in addition to the production from the Black Sea, gas that will come from imports and from the LNG terminals in the Black Sea, declared, on Monday, the general director of Transgaz, Ion Sterian. “I tell you, somewhere in 4-5 years, in ...
Another 12 funding agreements signed for renewable energy production investment
Thursday, September 14, 2023
Energy Minister Sebastian-Ioan Burduja on Friday signed ten more funding agreements under Investment Measure I1 - Supporting investment in new electricity production facilities from wind and sun renewable energy sources in the National Recovery and Resilience Plan (PNRR).Two other agreements are to be initialled at the beginning of next week, according to Burduja."We are signing agreements for investment 1 in PNRR, production from ...
Cosmin Ghita: Eliminating coal offers opportunity to introduce small modular reactors more rapidly
Thursday, September 14, 2023
Small modular reactors (SMR) have the advantage they can be placed closer toconsumers and in that context eliminating coal is an opportunity to introduce the new technology more rapidly, better and cheaper, said Cosmin Ghita, general manager of Nuclearelectrica at theThreee Seas Initiative Business Forum. “Location is an important cost. Network connections are also expensive. At Doicesti ...
Nuclearelectrica, targeting partnership with Three Seas Initiative Investment Fund on renewable energy production
Thursday, September 14, 2023
Nuclearelectrica has signed a Letter of Intent with the Three Seas Initiative Investment Fund (3SIIF) to explore a potential collaboration in the renewable energy production sector in Romania, the company announced in a press release sent on last Thursday."Nuclearelectrica, through the operation of high performance units 1 and 2 of the Cernavoda Nuclear Power Plant, is a strategic pillar for Romania's energy security. Through the partnership with the Three ...
Lewis(EXIM): Romania, institutional capacity to manage, regulate construction and operation of complex nuclear energy projects
Thursday, September 14, 2023
Romania has a well-developed regulatory framework and the institutional capacity to manage and regulate the design, construction and operation of complex nuclear power projects, something that can be seen in the safe operation of Units 1 and 2 of the Cernavoda Nuclear Power Plant over the past two and a half decades, Reta Jo Lewis, president of the Export-Import Bank of the United States (EXIM), told ...
Premier Ciolacu met the heads of PPC and Enel
Thursday, September 7, 2023
The prime-minister Marcel Ciolacu met on Wednesday at the government headquarters the general manager of the Greek energy company Public Power Corporation (PPC) and Alessio Menegazzo, manager for Sustainability and Institutional Affairs of the subsidiaries in Romania of the Italian group Enel. PPC and Enel are expected to finalise this month the transaction, ...