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Energy & Environment
Electrica SA completes merger process of three electricity distribution companies within Group
Thursday, January 7, 2021
Electrica SA power supply and distribution corporation has successfully completed the first stage of the merger through absorption of the three electricity distribution companies within the Group, which, as of January 1, 2021, has become Distributie Energie Electrica Romania SA (DEER), informs the company through a press release.The merger through absorption of the electricity distribution companies within the Electrica Group was approved in principle by the Board of ...
EnviMin Barna Tanczos: Closing 20 infringement procedures, fundamental priority
Thursday, January 7, 2021
The year of 2021 should be the year of investments for the environment, water and forests sector, and a fundamental priority is closing the two infringement procedures opened by the European Commission, says the minister of Environment, Waters and Forests, Barna Tanczos.He summoned the College Session of the Ministry of Environment, Waters and Forests, which reunites dignitaries and directors within the ministry, as well as the leadership of institutions operating beneath ...
OMV Petrom sells Kazakhstan operations to focus on Black Sea projects
Thursday, January 7, 2021
OMV Petrom (SNP), the largest energy company in Southeastern Europe, has sold its operations in Kazakhstan to Magnetic Oil Limited. The closing of this transaction is subject to certain conditions, including approval by the Kazakh Ministry of Energy, and is expected in the first half of 2021. The deal targets OMV Petrom's subsidiaries Kom-Munai LLP (KOM) and Tasbulat Oil Corporation LLP (TOC), which hold the production licenses for four onshore ...
DKV takes over Romanian independent fuel supplier Smart Diesel
Thursday, January 7, 2021
German mobility services provider DKV has reached an agreement to buy Romanian competitor Smart Diesel, founded by local entrepreneurs Ovidiu Andries and Daniel Imbre. The two sides haven't disclosed the transaction's value, which also needs to be approved by Romania's Competition Council. Smart Diesel is the largest independent fuel company in Romania. It offers fuel cards, bulk fuel, a solution for paying tolls, and VAT recovery services to over ...
Transelectrica increased cross-border capacity by 1,000 MW in 2020
Thursday, January 7, 2021
Transelectrica announces that as of 1 January 2021 it will ensure a cross-border capacity of 2.800 MW for export and 3.000 MW for imports into Romania with the countries with which it operates interconnected – Bulgaria, Hungary, Serbia and Ukraine. At the beginning of 2020, Romania’s cross-border capacity was around 2.200 MW export/import, says the national system operator in a press release. The company promises that over the next five ...
Competition Council to evaluate impact of Hidroelectrica buying large wind farm
Thursday, January 7, 2021
Romania's Competition Council will analyze the transaction through which major hydropower company Hidroelectrica intends to take over Crucea Wind Farm and the services company Steag Energie Romania. Crucea Wind Farm's main activity is the production and sale of electricity in Romania, through the Crucea Nord Wind Power Plant, with an installed capacity of 108 MW. Steag Energie Romania provides technical engineering services and monitors the services ...
PwC Net Zero Economy Index: The rhythm of decarbonization must increase by 5 times
Thursday, January 7, 2021
Achieving the Paris Agreement goal of limiting warming to 1.5°C will now require a rate of global decarbonisation of 11,7% every year, five times faster than in 2019, according to PwC Net Zero Economy ...
Romgaz does not extend the deadline requested by Duro Felguera and Romelectro for the finalisation of the unit in Iernut
Thursday, January 7, 2021
The gas producer Romgaz announced that they do not extend the deadline requested by Duro Felguera and Romelectro for the finalisatioon of the Iernut thermo-electrical unit with a capacity of 430 MW, as the wors were already delayed, and the contractexpired on 26 December 2020. In 2013, Romgaz extended the domain of activity through the assimilation of the thermal-electrical unit in Iernut, ...
E.ON Energy Romania builds electric power plant of 4 million euros for Azomures
Thursday, December 24, 2020
E.ON Energy Romania announced on Tuesday that it would build an electric power plant of 4 million euros for mineral fodder manufacturer Azomures. The plant will generate 5% of the annual electricity consumption of the Targu Mures platform. With a power of 2.65 MW, the plant will cover between 5% and 6% of the electricity needed by the plant. In comparison, the unit could supply energy for over ...
Romania's crude oil imports drop to 22.4pct Jan-Oct
Thursday, December 24, 2020
Romania imported 5.563 million tonnes of oil equivalent (toe) of crude oil January through October this year, by 1.607 million toe (22.4 per cent) less compared to the similar period of 2019, according to data centralized by the National Institute of Statistics (INS).Crude oil production totaled 2.712 million toe, by 2.4 per cent (66,700 toe) less than in the previous year.According to the draft Energy Strategy, published on the Website of the ...
Hidroelectrica buys Crucea Wind Farm and STEAG Energie Romania from STEAG GmbH
Thursday, December 24, 2020
On 23 December 2020, STEAG GmbH (“STEAG”) and Societatea de Producere a Energiei Electrice în Hidrocentrale Hidroelectrica S.A. (“Hidroelectrica”) signed an agreement concerning the sale of STEAG’s shares in Romanian subsidiaries Crucea Wind Farm S.A. (“Crucea Wind Farm”) and STEAG Energie Romania S.R.L. (“STEAG Energie Romania”) to Hidroelectrica, following a highly competitive process which ...
Coal production down by over 31% in first ten months of 2020
Thursday, December 24, 2020
Romania's net coal production totaled 2.119 million tons of oil equivalent in the first ten months of this year, by 31.4% (972,000 toe) lower than in the similar period in 2019, according to data centralized by the National Institute of Statistics (INS).During the mentioned period, Romania imported 339,700 toe of net coal, with 208,200 toe (38%) less than the quantity imported in January - October 2019.According to the Energy Strategy, published on the ...
Kazakh-Romanian Energy Investment Fund opens ten new filling stations
Thursday, December 24, 2020
The Kazakh-Romanian Energy Investment Fund (FIEKR), set up by the KazMunaiGaz group to settle a debt issue with the Romanian Government, completed a new filling station close to Bucharest and reached ten new stations inaugurated this year. Operated under the Rompetrol brand, the FIEKR network currently amounts to 30 units, announced Rompetrol Romania - the main subsidiary of KMG International, which ...
EBRD and GCF promote green financing in Moldova
Thursday, December 24, 2020
EBRD and GCF support Moldova’s transition to a low-carbon and climate-resilient economy €5 million loan to MAIB for on-lending to private enterprises and households First EBRD loan under Green Economy Financing Facilities (GEFF) in the ...
Industry requests 4 bln. euro through PNRR for the energy efficiency of buildings
Thursday, December 24, 2020
Some of the most important professional and employers’ associations in the field of energy efficiency of buildings propose to the governmental majority the allocation through the National Recovery and Resilience Plan (PNRR) of the amount of 4 billion euro for the energy efficiency of buildings. According to a press release, the eleven professional and employers’ associations represent ...
ANRE cut the value of the contribution for cogeneration by 24%
Thursday, December 24, 2020
The regulatory body of the energy market, ANRE, reduced the value of the contribution for cogeneration related to the first half of 2021 by 24%. Thus, the value of the contribution for cogeneration that will be applied starting with January 1, 2021 is of 17.12 lei/MWh, the institution announced. ”In the meeting of the Regulatory Committee of the National Energy Regulatory Authority on 16.12.2020, ...
EconMin: Romania will have freedom to choose how it reaches its environment targets until 2030
Thursday, December 17, 2020
The European Union will take into account the energy specifics of each country, and Romania will have the freedom to choose how it will reach the environment targets until 2030, wrote, on Friday, the Minister of Economy, Energy and the Business Environment, Virgil Popescu, on his Facebook page."In the European Council there was an agreement reached regarding the reduction of carbon dioxide emissions by at least 55 pct until 2030. The President ...
Residential electricity price in Romania to rise by some 10%
Thursday, December 17, 2020
The households’ electricity bills will increase by up to 10% after January 1 when the market fully liberalizes, estimates Dumitru Chisalita, president of the energy NGO Intelligent Energy Association (AEI).The end-users have no chance to choose their supplier before the end of the year, he ...
Nuclearectrica signs EUR 50 mln contract with Slovenian electricity supplier
Thursday, December 17, 2020
Nuclear power producer Nuclearelectrica (SNN) signed, on December 14, a contract worth RON 242.5 mln (EUR 50 mln) with the Slovenian company GEN-I, for the supply of "band" (constant power) electricity between January and December ...
Statistics: 5.1pct drop in final electricity consumption in Romania, Oct 31
Thursday, December 17, 2020
The final electricity consumption in Romania was 43.687 billion kWh January through October this year, 5.1 per cent lower than the similar period in 2019, while primary energy resources decreased by 11.9 per cent and electricity resources were lower by 2.2 per cent, according to the National Institute of Statistics (INS).According to the same source, the main primary energy resources totaled 25.767 million tonnes of oil equivalent (toe), on October 31, down by ...