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Energy & Environment
Romania - cheapest fuel market in EU, after Bulgaria
Thursday, October 29, 2020
Romania has the second lowest price for petrol and diesel fuel in the European Union, after Bulgaria, according to the latest data from Oil Bulletin, a publication of the European Commission.Thus, starting with October 19, petrol costs in Romania 0.934 euros per liter on average, while the European average is 1.265 euros per liter.Bulgaria has the lowest price for petrol, respectively 0.897 euros per liter, while the most expensive petrol is ...
Energy prices for companies without supplier to be tied to stock quotes
Thursday, October 29, 2020
Under a recent order of the National Energy Regulatory Authority (ANRE) on the designation of suppliers of last resort, energy prices for non-household consumers without a supplier will take into account the Day-Ahead Market (DAM) quotations on the of the OPCOM energy exchange.The status of supplier of last resort (FUI) entitles the respective electricity supplier, for any network area, to provide universal service to domestic and non-household customers ...
ANRE : EUR 1.36 mln fines on 11 energy suppliers in Romania
Thursday, October 29, 2020
Energy market regulator ANRE issued fines totaling RON 6.6 million (EUR 1.36 mln) for 11 energy (natural gas and electricity) suppliers and producers. ANRE has thus sanctioned the companies’ behavior in the wholesale market. The investigation on the wholesale energy market was initiated in 2018 and covered 33 companies. ANRE has completed its investigation for 17 of the targeted companies, of which ...
MACQUARIE INFRASTRUCTURE AND REAL ASSETS AGREES TO ACQUIRE CEZ GROUP ASSETS IN ROMANIA
Thursday, October 29, 2020
Macquarie Infrastructure and Real Assets (“MIRA”) today announced that a consortium led by Macquarie European Infrastructure Fund 6 (“MEIF6”) has reached an agreement to acquire a portfolio of Romanian power assets owned by ?EZ Group. The integrated energy infrastructure portfolio is comprised of an 86,665 kilometre regulated electricity distribution network and an electricity ...
EconMin Popescu: Transformation of Energy System must be done on clean technologies
Thursday, October 22, 2020
Romania needs investments to transform the Energy System, which must be done on clean technologies, based on competitive mechanisms, Minister of Economy, Energy and Business Milieu Virgil Popescu told the event Romanian Energy Day Conference, organized by the Romanian Energy Center."Romania needs investments to transform the Energy System. (...) Romania and the US have signed an intergovernmental cooperation agreement that will contribute to the ...
Iohannis: EC proposal to cut greenhouse gas emissions could be accepted by Romania, under certain conditions
Thursday, October 22, 2020
Present at the European Council meeting in Brussels on Thursday and Friday, President Klaus Iohannis said that Romania could accept the European Commission's proposal to reduce greenhouse gas emissions under certain conditions.European leaders discussed the future of the EU-UK relationship, climate change, EU coordination in the context of the COVID-19 pandemic, EU-Africa relations, developments in the Union's eastern neighborhood, with a focus on Belarus and the ...
Valentin Nae appointed to manage Cernavoda n-power plant
Thursday, October 22, 2020
The Nuclearelectrica National Corporation has announced the legal termination of the individual employment contract of Dan Bigu, director of the Cernavoda n-power plant and the appointment, on Monday, of Valentin Nae."SN Nuclearelectrica SA is hereby informing shareholders and investors on the legal termination of the individual employment contract of Mr Dan Bigu, Director of the Cernavoda NPP Branch, as a result of the standard age conditions and the ...
Survey: One in four Romanians concerned about cutting food waste
Thursday, October 22, 2020
One in four Romanians says they are concerned about reducing food waste, while the rest admit to throwing away uneaten food, shows a LifeBox survey conducted on the occasion of National Food and Food Waste Combat Day."According to data taken from the LifeBox guide for the optimal choice of the menu, 3 out of 4 respondents to the question: 'What do you do with the food left uneaten in your fridge?' report throwing it away, a habit that is becoming increasingly ...
PATRES asks authorities to increase renewable enery target up to at least 34pct to be reached by 2030
Thursday, October 22, 2020
The Employers Organization of the Producers of Energy from Renewable Sources (PATRES) calls on the authorities to implement the European Commission's recommendations and raise the target for renewable energy up to at least 34pct to be reached by 2030, according to a press release on Thursday sent to Agerpres."The Employers Organization of the Producers of Energy from Renewable Sources - PATRES has repeatedly pointed out that Romania may need to increase its ...
EU leaders to decide tougher climate goal in December
Thursday, October 22, 2020
EU leaders on Thursday (15 October) said they will decide on a more stringent climate target for 2030 at a summit in December, leaving more time to forge a united European response to climate change. Ambitious climate goals are backed by big EU powers including France and Germany, as well as many major businesses, but face resistance from eastern member states still dependent on coal for ...
Delgaz Grid has launched projects worth 440 mln. lei that benefit of European funds
Thursday, October 22, 2020
The gas and electricity distribution company Delgaz Grid has attracted, since 2012, non-reimbursable financing for projects worth over 180 million lei, five of which were successfully completed, while another four are in various stages of implementation. Currently, the company has five more projects under work, worth approximately 260 million lei, aimed at digitalizing and automating the distribution network. More precisely, they aim at the ...
ENEL X ROMANIA FINALIZED THE INSTALLATION OF THREE PV PANEL SYSTEMS IN ARAD COUNTY
Thursday, October 22, 2020
Enel X Romania, part of Enel X, the advanced energy services division of the Enel Group, has completed the installation of three photovoltaic panel systems in Sebi? and Arad, following a total investment of over 500,000 euros. The projects, which will improve the energy efficiency of Gema Superb, Masofma and Gemi Center, involves the placement of 1,500 photovoltaic panels on the roofs of the buildings owned by the three ...
U.S. and Romania Announce Initial Agreement on Cooperation for the Cernavoda Nuclear Power Projects and Civil Nuclear Power Sector in Romania
Thursday, October 15, 2020
Today, U.S. Secretary of Energy Dan Brouillette and Romania’s Minister of Economy, Energy and Business Development Virgil Popescu initialed a draft Intergovernmental Agreement to cooperate on the expansion and modernization of Romania’s civil nuclear power program. Once formally executed, this historic agreement will lay the foundation for Romania to utilize U.S. expertise and technology ...
SN Nuclearelectrica SA expresses its appreciation for the initialization of the Agreement between Romania and US
Thursday, October 15, 2020
According to the statement signed by Cosmin Ghita CEO, SN Nuclearelectrica SA expresses its appreciation for the initialization of the Agreement between the Romanian Government and the Government of the Unites States of America regarding the cooperation related to the nuclear-energy projects from Cernavoda and the Romanian civil nuclear sector, on October 9, 2020, in Washington ...
Romgaz signed a contract of almost 526 million lei with Elcen for gas delivery
Thursday, October 15, 2020
The National society for natural gas Romgaz signed a contract worth 525.9 million lei with Electrocentrale Bucuresti for the delivery of natural gas between 1 October 2020 – 30 September 2021 according to the report sent on Friday to the Stock Exchange Bucuresti. According to the document signed between the two companies, for payment, there will be a settlement bill to be paid in 90 days since issue ...
BSOG finalised the underground crossing pipeline of the beach in Vadu
Thursday, October 15, 2020
Black Sea Oil& Gas (BSOG) finished last week the works for the pipeline of 1.5 km the underground crossing of the beach in Vadu, this being the first work of this kind in Romania, announced in a videoconference Profit Energy forum – Energy post-Coronavirus, Mark Beacom, CEO of BSOG. According to BSOG head, the operation was made onshore by a Romanian entrepreneur for drilling Cala and it was received at sea by ...
European Commision: Romania needs stable, predictable legislative framework for offshore wind sector
Thursday, October 15, 2020
The European Commission is having a dialogue with the Romanian authorities in order to establish a stable and predictable legislative framework in the offshore wind sector, so that Romania can make the most of its potential in this area, Remi Mayet, acting Head of Unit with the European Commission's Directorate-General for Energy, said on Tuesday at the Bucharest Forum online conference organised by the Aspen Institute.Romania has one of the largest onshore ...
5.1% decrease in end energy consumption in Romania, on Aug 31
Thursday, October 15, 2020
End electricity consumption in Romania was 35.164 billion kWh in the first eight months of this year, 5.1% lower than the similar period in 2019, while energy resources primary education decreased by 12%, and electricity by 3.1%, according to the National Institute of Statistics (INS).According to the quoted source, the main primary energy resources totaled, on August 31, 2020, 20.442 million tonnes of oil equivalent (toe), decreasing by 2.778 million toe ...
Greenpeace: Romanian authorities have to work after EP vote on Climate Law
Thursday, October 15, 2020
Romania will have to fundamentally change its strategies regarding the energy sector, transportation and other domains that influence its carbon footprint, after the European Parliament voted, on October 7, the Climate Law, which can transform Europe into the first continent that is neutral from an emissions standpoint, Greenpeace representatives say, in a release sent on last Thursday.In this context, environment activists claim that, if the efficient plans to ...
OMV Petrom outsources some operations and general surface services
Thursday, October 8, 2020
The Competition Council announced that they authorised the trading through which OMV Petrom outsources to J.Christof E&Pservices and Christof Private Firefighting Services some operations and general surface services, associated to the activity of extraction and production of oil and natural gas, together with the assets and employees they use. ‘The Competition Council ...