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Energy & Environment
PM Ciuca: Breaking away from Russian hydrocarbon going in energy transition direction
Thursday, September 8, 2022
Prime Minister Nicolae Ciuca maintains that breaking away from Russian hydrocarbon sources is going, from a strategic point of view, in the sense already drawn up on a Euro-Atlantic level for energy transition."On a strategic level, breaking away from Russian hydrocarbon sources, reducing the dependence on players attacking our values, is going in the sense already drawn up on a Euro-Atlantic level for the energy transition. On a short and ...
French ambassador to Romania supports a partnership in field of civil nuclear energy
Thursday, September 8, 2022
French ambassador to Romania Laurence Auer expressed on Monday evening, at Grand Matinal Digital, an event organized by the French Chamber of Commerce and Industry in Romania (CCIFER), the availability of companies from her country for a partnership in the field of civil nuclear energy, in order to support Romania's energy transition.The event at the Victoria Palace of Government was attended by Prime Minister Nicolae Ciuca, as well as the Minister of Finance, ...
Hidroelectrica reported net profit of 2.63 billion lei in Q1, up by 56.3%
Thursday, September 8, 2022
Hidroelectrica, the biggest producer of energy in the country, reported a net profit of 2.63 billion lei in Q1, up by 56.3% while the income went up by 47.7% at 4.73 billion lei, shows the quarterly report of the Fund Proprietatea, minority shareholder. FP has a share of 19,94% from the Hidroelectrica shares. ” For the financial year ended ...
Nuclearelectrica SA and KGHM Polska Miedz SA signed a Memorandum of Understanding for cooperation in the development of small modular reactors
Thursday, September 8, 2022
Nuclearelectrica, the state company which manages the unit in Cernavoda, announced that, together with KGHM Polska Miedz SA they signed in Karpacz, Poland an Memorandum of Understanding, uncommitted, for the development of projects of small modular reactors (SMR). ‘ Cooperation between SN Nuclearelectrica SA and KGHM Polska Miedz SA in the memorandum of understanding aims at the exchange of ...
Energy Utilities Companies' assoc asks a review of amendments to Energy Ordinance in order to avoid market blockage
Thursday, September 8, 2022
The Federation of Associations of Energy Utilities Companies (ACUE) calls for a review of the new amendments to OUG (government emergency ordinance) 27/2022, in order to avoid the total blockage of the market and discontinuities in the energy supply of customers and makes a new call for accountability and for a genuine collaboration between the authorities and the industry for the joint analysis of data and the making of correct decisions."The situation is ...
EnergyMin Popescu: Successive transactions with electricity or natural gas, sanctioned with 5% of turnover
Thursday, September 8, 2022
The Minister of Energy, Virgil Popescu, declared at the end of the government meeting, in which the Ordinance amending and supplementing OUG 27/2022 was approved, that successive energy transactions "will be harshly sanctioned", the National Energy Regulatory Authority (ANRE) being able to apply a fine of 5% of turnover."Successive transactions are discouraged. Looking at the market - I have said this before - the famous transfer of electricity from one ...
Moldova to store 10 million cubic meters gas reserve in Romania
Thursday, September 8, 2022
Moldova’s state energy company Energocom, in partnership with the Gazprom-owned gas transportation company Moldovagaz, will acquire 10 million cubic meters of gas in two installments and store them in Romania’s warehouses. The country will pay USD 1458.92 per thousand cubic meters to Russian giant Gazprom for the first installment. The second one will be carried out in September at a ...
"NET ZERO E-CONOMY 2050" STUDY BY ENEL AND THE EUROPEAN HOUSE – AMBROSETTI
Thursday, September 8, 2022
The study analyzed the trajectories of the energy transition in Italy and Spain and quantified the gaps with respect to the targets for reducing greenhouse gas emissions, expanding the use of renewables and improving energy efficiency It shows how a firm commitment to achieving the decarbonization objectives guarantees greater economic, employment and energy independence ...
ELCEN becomes member of HENRO - the Electricity Producers Association
Thursday, September 8, 2022
HENRO - the Electricity Producers Association is expanding its membership just one year after its establishment through the joining of Electrocentrale Bucuresti SA (ELCEN), informs a press release sent on Wednesday.According to the cited source, ELCEN is the largest thermal energy producer in Romania (40%) and Bucharest (90%). In terms of electricity production, ELCEN provides 3.88% of the national market share.The members of HENRO - ...
Transelectrica argues for reversible hydropower plant Tarnita
Thursday, September 8, 2022
Romanian power grid operator Transelectrica argues, in a document consulted ...
Enery pays EUR 71 mln for 81MW green power portfolio in Romania
Thursday, September 8, 2022
Austrian company Enery Power Holding, already present on the energy market in the Czech Republic, Slovakia and Bulgaria, signed an agreement to acquire the portfolio of renewable energy projects owned by Canadian Jade Power Trust in Romania for a total price of EUR 71 mln. The portfolio has a total capacity of 81MW and includes two wind farms in Dobrogea, two solar energy projects and two ...
Georgia, Romania plan power interconnection under Black Sea
Thursday, September 8, 2022
Georgia is conducting a feasibility study for an undersea electricity link with Romania worth EUR 2 billion. Azerbaijan also intends to use the interconnection to export green electricity, and Hungary said it would join the project, https://balkangreenenergynews.com/ ...
Romania imports over 3.8 billion kWh electricity in H1
Thursday, September 1, 2022
Romania imported in the first half of 2022 electricity in the amount of 3.845 billion kWh, over 12 percent, respectively 423.6 million kWh, more than in the similar period last year, according to the data centralised by the National Institute of Statistics (INS).On the other hand, in the first six months of 2022, the electricity exports totalled 3.08 billion kWh, down 508.4 million kWh (minus 14.2 percent).In the mentioned period, the electricity ...
Mintia thermal power station bought by Mass Global Energy Rom for 91 million euros
Thursday, September 1, 2022
The Mintia thermal power station has been bought for 91 million euros by Mass Global Energy Rom, part of the Mass Group Holding group, at a public auction, the judicial administrator of the Hunedoara Energy Complex announced on last Friday in a press statement.Considering the specifics of the asset, the Romanian Ministry of Energy, as a shareholder, imposed certain terms and conditions on the investor with the aim of restarting energy production at Mintia. Thus, ...
Interministerial Coal Committee established under coordination of Economy Minister
Thursday, September 1, 2022
The Interministerial Coal Committee was created and talks with the European Commission will start, including on the decarbonization law, for a new correlation required by the current security context, announced Energy Minister Virgil Popescu."At the end of June we adopted the Emergency Ordinance on the decarbonization of the energy sector, a milestone under the National Recovery and Resilience Plan, considering that the phased elimination of lignite and ...
Element Industrial and TESLA Group sign deal to produce green energy
Thursday, September 1, 2022
Slovakian sustainable energy solutions provider TESLA Group will produce and operate photovoltaic energy on the rooftops of ELI Parks projects in Romania following a partnership with local industrial and logistic developer Element Industrial. The first project to be fitted with photovoltaic panels is ELI Park 4 (a new 20,000 sqm building), which will be delivered in Bucharest during the second quarter of ...
ENEL X ROMANIA INSTALLS A SOLAR PARK WITH A TOTAL CAPACITY OF 3 MW FOR WDP ROMANIA
Thursday, September 1, 2022
Photovoltaic systems comprise almost 6,700 photovoltaic panels installed on an area of 15,000 square meters. The plant ensures an average annual production of almost 3,600 MWh and contributes to a reduction of almost 800 tons / year in carbon dioxide emissions. Enel X Romania, part of Enel X Global Retail, the advanced energy services division of the Enel ...
Eurohold: Revenues of 839 mln. euro from energy in H1
Thursday, September 1, 2022
Eurohold, the parent company of Euroins Romania, recorded 4 times higher total revenues in the first half (H1), with energy businesses generating revenues of 839 million euro (BGN 1.64 billion) and an EBITDA of 68.8 million euro (BGN 134.6 million), according to a press release. Thus, Eurohold Bulgaria AD reported record half-year results in 2022, thanks to the strong performance of the company’s two main businesses – electricity and ...
The value of electricity exports increased by over 182% in the first 5 months
Thursday, August 25, 2022
Romania has exported, in the first five months of this year, electricity worth 450 million euro, with 182.4% more as compared to the similar period of 2021, according to the data, centralized by the National Institute of Statistics.The biggest exports of electricity during the period mentioned above were registered in January, namely 104.5 million euro and the lowest in April – 71.5 million euro.As regards imports, they totalised in January ...
Natural gas stored in national warehouses, at 70%
Thursday, August 25, 2022
The percentage of natural gas storage in national warehouses is 70%, PM Ciuca said Wednesday, giving assurances that through the steps taken by the Ministry of Energy the necessary quantities for the population and economy for the winter of 2022 - 2023 will be ensured."I am certain that, as we have assumed through the steps that the Ministry of Energy continues to take, we will have the guarantee of a continuous supply in the next period. We can, in this ...