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Energy & Environment
ANRE: Romania was a net exporter of energy in the first four months
Thursday, June 22, 2023
The balance import-export of energy must be in favour of Romania and in the first four months of this year, our country was net exporter, stated the chairman of the National Authority for Regulation in the domain of energy, George Niculescu. ‘For the first four months of this year, every month we were energy exporter. Practically the balance was in favour of energy going from Romania towards ...
Electrica draws non-refundable financing worth 57 million euros for development and modernization of distribution grid
Thursday, June 22, 2023
The Electrica Group, through the operator Distributie Energie Electrica Romania (DEER), attracted non-refundable European financing, through the Modernization Fund, in the amount of 57 million euros.According to a company's release, the amount represents 80% of the eligible expenses for four investment projects in the electricity distribution grid, whose total estimated value is approximately 77 million euros."One of the strategic ...
The number of prosumers is constantly increasing; at the end of April there were 63,162 prosumers
Thursday, June 22, 2023
The number of prosumers is constantly growing, at the end of April 2023 being registered 63,162 prosumers who owned a capacity for energy production from renewable sources of 753 MW installed power, stated the chairman of the National Authority for Regulation in Energy, George Niculescu.He said that, by comparison to 31st December 2022 when 40,171 prosumers were ...
Restart Energy announces the completion of a photovoltaic panel system worth 160,000 Euros for Geneza Comimpex
Thursday, June 22, 2023
Restart Energy, a company in energy transition services, announces the completion of the implementation of a photovoltaic panel system worth 160,000 euros for the company Geneza Comimpex. The project consisted in the installation of 428 panels on the premises of Geneza Supermarket situated în Târgu-Neam?, Neam? county, on an area of1 1,200 square meters, with a power of 194.4 kWp. The ...
Transgaz signs contract for works on Tuzla-Podisor gas pipeline with Turkey's Kalyon Insaat Sanayi
Thursday, June 22, 2023
The National Natural Gas Transport Company Transgaz signed on Friday the contract for the works on Tuzla-Podisor gas pipeline with the company Kalyon Insaat Sanayi Ve Ticaret Anonim Sirketi from Turkey.According to a press release sent to the Bucharest Stock Exchange, the project, worth approximately 500 million euros, consists in the construction of a 308.3 km long natural gas transport pipeline, which will connect the natural gas resources exploited in the ...
Cernavoda NPP Unit 2, synchronised to National Energy System
Thursday, June 22, 2023
The works related to the planned shutdown of the Cernavoda NPP Unit 2 have been completed and the synchronisation to the National Energy System was achieved on Thursday, June 15, 2023, informs Nuclearelectrica.Unit 2 entered the planned shutdown programme on 7 May 2023, in order to carry out planned maintenance works, performed every two years for each unit. During the planned outage period, activities from the following programmes were carried out: ...
Energy production from hydropower plants up 45pct, in the first four months of 2023
Thursday, June 22, 2023
Electricity production from hydropower plants was 6.82 billion kWh in the first four months of this year, up 45.2% compared to the same period last year, while production from thermal power plants was 6.43 billion kWh, down 8%, according to the data of the National Institute of Statistics (INS) published Thursday.Production from nuclear power plants was 4 billion kWh, down 0.6%.Production from wind power plants was 3.15 billion kWh, down 111.9 ...
Reuters: Romania under pressure over Hidroelectrica listing to release EU funds
Thursday, June 22, 2023
Romania could fail to comply with rules attached to billions of euros in EU funding if at least 15% of state-owned utility Hidroelectrica is not listed this month, the European Commission said. The government is not selling its own shares in Hidroelectrica but instead ...
KHNP nears clinching deal to build nuclear waste processing facility in Romania
Thursday, June 22, 2023
Korea's state-run energy firms and private entities are closer to winning a deal to build a nuclear waste treatment facility in Romania, according to market watchers, Tuesday, quoted by https://www.koreatimes.co.kr/.Korea Hydro & Nuclear Power (KHNP), Korea Electric Power Corp. Engineering & Construction (KEPCO E&C), Hyundai E&C and Samsung C&T have cleared a quality screening test commissioned by SN Nuclearelectrica S.A. (SNN), a ...
OMV Petrom discovers new crude oil and natural gas resources in Romania
Thursday, June 15, 2023
OMV Petrom has discovered new crude oil and natural gas resources in the Oltenia and Muntenia regions of southern Romania, with the investment in the exploratory drilling campaign amounting to about 20 million euros, the company announced Tuesday.Cumulatively, the discoveries amount to more than 30 million boe of recoverable resources, equivalent to three quarters of OMV Petrom's production in 2022.According to the source, exploration drilling and testing of ...
Romania has completed process of joining NEST Framework, Act of Adhesion signed on Tuesday
Thursday, June 15, 2023
The Act of Adhesion to the NEST Framework Agreement was signed on Tuesday, in the context of the completion of Romania's accession process to Nuclear Energy Agency (NEA) Nuclear Education, Skills and Technology (NEST) Framework, Energy Minister Virgil Popescu announced on his Facebook page."Today I had a working meeting with William D. Magwood IV, Director-General of the Nuclear Energy Agency (NEA) of the Organisation for Economic Co-operation and Development (OECD). On ...
Gov't, Nuclearelectrica sign support agreement on units 3, 4 of Cernavoda plant project
Thursday, June 15, 2023
A support agreement regarding units 3 and 4 of the Cernavoda nuclear power plant (NPP) between the government of Romania and Nuclearelectrica was signed on Friday, with the document providing for effective ways of co-operation, commitments and obligations on the part of the government to secure the necessary funding measures for the project, the implementation and adoption of support measures, including legislative measures, according to Energy Minister Virgil ...
Home Affairs Ministry competent for control and investigation in management of fluorinated greenhouse gases
Thursday, June 15, 2023
According to a bill approved by the government on Thursday, the Home Affairs Ministry shall have control and investigation competences as regards the management of fluorinated greenhouse gases (F-gases).The regulatory act sets in place the institutional framework and measures for the implementation of the management of fluorinated greenhouse gases, "modifying and complementing the legal framework regarding the regime of this class of substances by: introducing a new ...
Energy minister Popescu: After June 25, we pay all dues to energy suppliers
Thursday, June 15, 2023
The money from the solidarity tax will come after June 25 and I think it is enough to pay all the dues to the energy suppliers, said the Energy minister, Virgil Popescu, on Thursday."(...) when the money from the solidarity tax comes, both Petrom and Romgaz cover more than that money difference. We come with a lack of money from last year (...) We pay the outstanding debts that we have, obviously. At our Ministry of Energy, it's one billion (RON) (...) I don't know at the ...
Transelectrica completed the integration tests of the storage facility for the balancing market
Thursday, June 15, 2023
Transelectrica announced on its official social media page that it has completed the integration tests of the storage facility with batteries in the Balancing Market platform and in the operative management system of the National Electroenergetic System (EMS – SCADA). Following the announcement, TEL shares listed on the Stock Exchange rose by 0.82%, at around 17.15, by 0.2 lei above the reference price. “The storage facility has been ...
The new change in legislation for authorising renewable energy projects needs further clarification
Thursday, June 15, 2023
The legislation for authorising the construction of renewable energy projects has undergone a new amendment, aimed at creating common authorisation conditions for projects built in and outside the urban area. However, the new provisions may create a contradictory legislative framework and do not provide developers and investors with much-needed legislative clarity in this priority area, according to an analysis by law firm PeliPartners. Law No 166/2023 ...
Sanda Abrudan, about investments in new capacities from renewable sources
Thursday, June 15, 2023
Romania does not need a second wave of investments in new capacities from renewable sources, said Sanda Abrudan, Head of Energy & Resources, Vice President Advisory & Specialized Lending Corporate Investment Banking, within UniCredit Bank. Rather, “a continuous and sustainable flow of investment in the coming years” is needed. From this point of view, the period up to 2030 is ...
The European Green Deal: The Modernisation Fund invests EUR 2.4 billion to accelerate the green transition in seven EU countries, including Romania
Thursday, June 15, 2023
Last Thursday, 8 June, the European Union Modernisation Fund has allocated EUR 2.4 billion to 31 projects in seven beneficiary countries to help modernise their energy systems, reduce greenhouse gas emissions from energy, industry and transport and improve energy efficiency. This is the largest common payment to date and will boost Europe’s green transition. These investments help those Member States to reduce dependence on Russian fossil fuels, meet ...
Rompetrol opens two new integrated service centers on A1 Highway (Nadlac – Sibiu section)
Thursday, June 8, 2023
Rompetrol Downstream, the retail division of the KMG International Group in Romania, opened two new integrated service centers on A1 Highway (Nadlac - Sibiu section), near Giarmata in Timis County (km 500+596 left and right). The investment required for the construction of the two gas stations amounted 6.5 million USD. The two are part of a 12 gas stations package that Rompetrol will open on the A1 ...
Fitch confirmed Transgaz "BBB minus" rating with stable outlook
Thursday, June 8, 2023
Fitch Ratings has affirmed its long-term rating on Transgaz National Natural Gas Transmission Company at "BBB minus" with a stable outlook, the financial rating agency said in a statement. "The confirmation of the rating reflects Transgaz's strong business profile as concessionaire and operator of the gas transmission network in Romania, its ...