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Energy & Environment
Euro Sun Mining raises USD 16.6 mln for Romanian projects
Thursday, June 11, 2020
Euro Sun Mining (formerly Carpathian Gold), which operates the Rovina gold project and another prospect in Romania, has raised CAD 22.32 million in funding (USD 16.6 mln). The company will use the funds for exploration and the development of its mining projects. In 2018, the Romanian Government completed the concession license ratification, allowing the Canadian company to start exploiting gold and copper at Rovina, in Hunedoara ...
CEZ estimates Romanian assets for sale at over EUR 1 bln
Thursday, June 11, 2020
Czech utility group CEZ has estimated the aggregated equity of its Romanian subsidiaries, which are up for sale, at EUR 1.07 billion, according to a presentation prepared for prospective bidders and consulted ...
SNC-Lavalin has been awarded two inspection contracts for Cernavoda NPP Unit 1
Thursday, June 11, 2020
Canada's SNC-Lavalin said on Tuesday that it has been awarded two inspection contracts by Romania's Nuclearelectrica during a planned outage of a unit at Nuclearelectrica's Cernavoda nuclear power plant. The contracts, awarded to SNC Lavalin's wholly-owned subsidiary Candu Energy Inc, cover fuel channel and feeder assembly inspections on the Cernavoda Unit 1 nuclear reactor during the 2020 outage, SNC Lavalin said in a press ...
Renewable Energy sector is expected to bounce back quickly despite the impact of COVID-19
Thursday, June 11, 2020
Despite the global slowdown caused by COVID-19, the renewable energy sector is expected to bounce back quickly as the long-term drivers for investment remain strong, according to the 55th EY Renewable Energy Country Attractiveness Index (RECAI). The ...
Virgil Popescu: Energy companies will make investments of about 12 bln. euro in five years, in line with the Green Deal
Thursday, June 11, 2020
Minister of Economy Virgil Popescu issued an order asking all companies to approve by June 15 new 5-year investment plans, serious investments, which are in line with the Green Deal. He wrote: “Most companies have already approved them. We are talking about investments of about 12 billion euro.” In an interview for G4 Media, Virgil Popescu said: Hidroelectrica wants to invest in 300 MW offshore wind farms in the Black Sea, plus 300 MW ...
Thermal power plants must shut down early to meet climate targets, says study
Thursday, June 11, 2020
Coal and gas-fired power plants would have to shut down 10 to 30 years sooner than their usual 35 to 40-year lifespan so that climate targets can be met, a study reveals. EURACTIV’s partner le Journal de l’environnement ...
Electrica, Hidroelectrica and SAPE Consortium plan to buy CEZ Romania
Thursday, June 4, 2020
Electrica has announced on BVB that it is exploring, through a consortium including two other companies, to join a competitive sale procedure organized by CEZ a.s. “Electrica would like to inform its shareholders and investors regarding the fact that it is currently exploring the possibility to participate through a potential consortium to be formed with Societatea de Administrare a Participatiilor in Energie S.A. (S.A.P.E. S.A.) ...
Romanian oil industry association argues against state’s control on concession contracts
Thursday, June 4, 2020
The Romanian Association of Oil Exploration and Production Companies (ROPEPCA) has asked the Government to revise the discretionary right of the state agency to refuse or terminate oil field concession contracts with non-EU companies on national security grounds. ROPEPCA argues that such a measure would impact investment in the oil industry. "One of the major concerns of the investors in this sector are the changes brought to the Petroleum Law no. 238/2004 by the emergency ...
Energy Minister: Romania’s offshore law amended only after elections
Thursday, June 4, 2020
Romania's Offshore Law, seen by the operators of Black Sea perimeters as a significant obstacle in their investment decisions, will be amended after the parliamentary elections, economy and energy minister Virgil Popescu ...
Study: gas suppliers ask high prices along market liberalisation in July
Thursday, June 4, 2020
Romanian natural gas suppliers started negotiations with households from rather high prices, as the wholesale price of gas has dropped recently, and the retail market will be liberalized in July. The two main gas suppliers asked Romanian households to pay 14% (E.ON Energie) and 7% (Engie) higher prices than they should (the “fair” price), according to local NGO Energia Inteligenta (Smart ...
Zoltan Nagy-Bege (ANRE): I don't expect price for gas for population to drop too much
Thursday, June 4, 2020
Deputy head of the National Energy Regulatory Authority (ANRE) Zoltan Nagy-Bege said in a first stage he didn't expect the price for gas for the population to drop too much, first of all considering that these offers from the providers of gas for households do not take into account solely the winter period."In respect to the possible reflection of the price for the providers into the market price, I don't expect a significant drop in a first stage in the price of the gas for the ...
StateSec Havrilet: Natural gas market prices at all-time low, timing favorable for liberalization
Thursday, June 4, 2020
Prices on the natural gas market are currently at an all-time low, starting at 25 lei per MWh on Romania's neighboring markets, whereas at the beginning of the liberalization process in 2012, the administrative price was 45 lei per MWh, Secretary of state in the Ministry of Economy Niculae Havrilet said on Tuesday."According to Ordinance No. 1, the first step towards the market's liberalization is the liberalization of the natural gas market for household consumers beginning July ...
Electrica to merge its regional networks
Thursday, June 4, 2020
Romanian electricity distribution and supply group Electrica, whose biggest shareholder is the state with nearly 49% of the shares, has initiated the merger of its three regional electricity distribution networks. Thus, Electrica plans to merge Electrica Transilvania Nord, Electrica Transilvania Sud, and Electrica Muntenia Nord in a single company. This initiative is one of the main pillars of the group’s strategy for the period 2019-2023. The three power distribution ...
OMV Petrom starts electrification of its fuel retail network in Romania, Bulgaria
Thursday, June 4, 2020
Romanian oil and gas group OMV Petrom has installed fast-charging stations at two OMV gas stations in Bulgaria, in partnership with Eldrive, the largest electric charging station operator in the region. The group will extend the project to 28 gas stations in Romania and Bulgaria over the next two years. A fast-charging cycle up to 80% of the battery capacity will take approximately 40 minutes. As a result of this project, Romania and Bulgaria will be connected by an ...
ENEL X GIVES FRESH BOOST TO SUSTAINABLE MOBILITY BY TRIPLING ITS PUBLIC EV CHARGING NETWORK THROUGH COLLABORATION WITH ALLEGO, BOSCH AND INNOGY
Thursday, June 4, 2020
JuicePass users are now enabled to access a network of over 30,000 charging points across Europe, under the Hubject platform, from around 10,500 already available Enel X expanded its electric vehicle (EV) charging network to more than 30,000 public charging points, roughly a threefold increase from about 10,500 already available, by kicking off eRoaming connectivity with Dutch EV network operator Allego as well as Robert Bosch GmbH and German ...
Iancu: Hydrogen can be the basis of a new technological and digital revolution
Thursday, June 4, 2020
Hydrogen is currently the most spectacular solution to the new challenges, said PSD MP Iulian Iancu, chairman of the Industry and Services Commission of the Chamber of Deputies, chairman of the Romanian National Committee – World Energy Council (CNR-CME), quoted by financialintelligence .com. In his opinion, hydrogen can be the basis of a new technological and digital revolution: “It is used for multiple applications besides the classic ones in the industrial field, today ...
EU boosts ‘just transition fund’, pledging €40 billion to exit fossil fuels
Thursday, June 4, 2020
The European Commission has increased five-fold its proposed EU fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the new coronavirus pandemic. Countries are already clamouring for a slice of the EU’s just transition fund, with 18 member states preparing to apply for support to wind down coal sectors, retrain workers and help carbon-heavy businesses pivot to greener ...
The project of the gas pipeline Sighetu Marmatiei – Viseu de Sus – Borsa acknowledged of national importance
Thursday, May 28, 2020
The investment project ‘Gas transport pipeline on the direction Sighetu Marmatiei – Viseu de Sus –Borsa’ was considered as project of national importance in the domain of natural gas. The government decision was approved in the meeting on Wednesday, informed the ministry of economy. The acknowledgement of the draft for investments of national importance in the domain of natural gas will generate the creation of new work places ...
Economy Ministry asks abrogation of Strategy of continuation of reactors 3 and 4 from Cernavoda
Thursday, May 28, 2020
The Ministry of Economy, Energy and Business Environment requested Nuclearelectrica, the state company administering Cernavoda nuclear plant to abrogate the continuation Strategy for reactors 3 and 4 from Cernavoda, a project evaluated at 6.45 billion euros and asks that negotiations with China General Nuclear should stop. According to the Investment Strategy of Nuclearelectrica for 2020-2025 the building strategy for units 3 and 4 is evaluated ...
Romania working on first hydrogen energy applied project
Thursday, May 28, 2020
Research in the use of hydrogen as an alternative energy source is particularly important and, together with the National Institute for Cryogenic and Isotopic Technologies, the Romanian government has initiated two actions to modify the Operational Programmme Competitiveness to develop the first applied project on this segment, Minister of European Funds Marcel Bolos told a specialist virtual conference on Tuesday."When we talk about hydrogen as an alternative ...