Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Energy & Environment

CE Oltenia produced almost a quarter of Romania’s energy in 2017

Thursday, January 11, 2018

180111111157complex_energetic_oltenia.jpg

The Energy Complex Oltenia produced 15 TWh of energy last year, or 24% of the total energy production of the country, according to a press release of the company, energynomics.ro reports. Compared to the previous year, the company’s energy production increased by over 11%. In 2016, CE Oltenia achieved an electricity production of 13.5 TWh. “In 2017, CE Oltenia operated on average with eight energy groups, covering a share of up to 24% of ...

OMV CEO presents new strategy for Petrom to Romanian president

Thursday, January 11, 2018

180111111333big_primirea_unei_delegatii_omv___petrom_condusa_de_catre_domnul_rainer_seele_ceo_al_omv_group.jpg

Austrian group OMV plans to increase the international profile of Romanian group OMV Petrom as part of its new development strategy the OMV CEO Reiner Seele presented to Romanian president Klaus Iohannis on Tuesday, romania-insider.com reads.. “The OMV management presented the company’s development strategy, which includes increasing Petrom’s internationalization degree, to better capitalize on the opportunities in the region, as well ...

SOCAR: $25B spent for Southern Gas Corridor so far

Thursday, January 11, 2018

As of December, $25 billion have been spent for the Southern Gas Corridor (SGC) project, Khoshbakht Yusifzade, first vice-president of Azerbaijan’s state oil company SOCAR, according to Trend News, energynomics.ro informs. He made the remarks at a conference titled “At the intersection of East and West: New energy and communication opportunities”, organized by the ruling New Azerbaijan Party (YAP) in ...

Energy and environment in 2018: A preview

Thursday, January 11, 2018

2018 looks set to be a defining year for energy and environment policy in Europe, as important legislative files move towards becoming EU law, euractiv.com informs. In November 2016, the European Commission proposed its Clean Energy Package and 2017 was mostly geared towards the other European institutions agreeing on their own positions. With that key step almost complete, 2018 will see EU lawmakers, officials and member states ...

ANRE approves a 88.28 lei/MWh price for a natural gas; 0.68 bani/Kwh impact in household bills

Thursday, January 11, 2018

The Regulatory Committee of the National Regulatory Authority for Energy – ANRE approved the prices for the regulated supply of natural gas to household customers at 88.28 lei/Mwh, energynomics.ro informs. The new level is 6.8 lei higher than the one valid for the period 1 April 2017-31 March 2018, 81.48 lei / MWh. In the press release sent on Monday, ANRE recalls that with the entry into force of the provisions of GEO 64/2016 and April 1, 2017, ...

OMV Petrom replaces Mariana Gheorghe as CEO after a decade

Thursday, January 11, 2018

Austrian oil major OMV Petrom has appointed a new CEO, following a meeting of the Supervisory Board held on Tuesday, business-review.eu reports. Mariana Gheorghe will step down after more than a decade at the helm of the company. She will be replaced by Christina Verchere, 46, for the remaining term of Gheorghe’s mandate which ends on April 16, 2019. Verchere accepted her appointment and she will assume the position ...

Competition Council slaps RON 73 mln fine on six companies in electricity metering market

Thursday, January 11, 2018

Romania’s Competition Council has slapped a EUR 15.8 million fine on six companies, accusing them of setting up two anti-competition deals for the sale of smart metering products and addition equipment in the electricity sector, business-review.eu reads. The biggest fine of EUR 5.9 million was received by Landis+Gyr AG. The other fined companies were Ecro (EUR 113,709), Electromagnetica (EUR 2.1 million), Elster Rometrics (EUR 2.4 million), ...

Ukrenergo, Moldelectrica discus plans to resume Yuzhnoukrainsk NPP-Isaccea power line

Thursday, January 4, 2018

National energy company Ukrenergo and state-owned enterprise Moldelectrica have discussed resumption of the 750 kV Yuzhnoukrainsk NPP (Mykolaiv region) - Isaccea (Romania) power line for 400 kV class voltage, the press service of Ukrenergo has reported, referring to a meeting in Chisinau held at the end of December, interfax.com.ua informs. "When the resumption of the 750 kV Yuzhnoukrainsk NPP-Isaccea power line for 400 kV class voltage was discussed, ...

Romania's final power consumption to grow in following years, yet imports to shrink

Thursday, January 4, 2018

180104103517crestere_ec2_798x532.jpg

Romania's final power consumption will grow in the next four years, by annual leaps of over 2.5pct, while imports will get smaller, the Energy Balance Prognosis issued by the National Prognosis Commission (CNP) informs.Thus, in 2017 the country's total energy consumption is estimated to 23.1 million tonnes oil equivalent (toe), up by 3.8pct against last year. In 2018, the value of this indicator will see a 2.8pct increase up to 23.8 million toe.In 2019 ...

Vast Resources says H1 revenue up 5% from Romania, Zimbabwe mines

Thursday, January 4, 2018

 Mining group Vst ...

Serbia gets KfW grant for 2nd section of Trans-Balkan Electricity Corridor

Thursday, January 4, 2018

180104103739trans_dalekovod.gif

Serbia's energy minister Aleksandar Antic said the government received a 6.6 million euro ($7.8 million) grant from German development bank KfW for the construction of the second section of the Trans-Balkan Electricity Corridor on Serbian territory, seenews.com informs. The construction of the section connecting Kraljevo to Kragujevac will start in 2018 and will be completed in 2020, Antic said in a video file posted on the website of ...

E-DISTRIBUTIE MUNTENIA INVESTED 18 MILLION LEI IN 2017 FOR THE MODERNISATION OF 80 SUBSTATIONS IN BUCHAREST

Thursday, January 4, 2018

180104104012Statie_de_transformare_E_Distributie__1_.JPG

E-Distribu?ie Muntenia invested approx. 18 million lei (4.6 million euros) in 2017 for the modernization of the power supply points and secondary stations in Bucharest and for integrating them in the Telecontrol system, thus achieving important steps towards creating a smart grid. Within the investment project carried throughout 2017, approximately 38 power supply points and ...

EBRD loan of 206 mln lei for energy efficiency investments in Romanian residential sector

Thursday, January 4, 2018

The European Bank for Reconstruction and Development (EBRD) continues the investments' development of energy efficiency in Romania's residential sector by granting a 206 million lei loan (the equivalent of 45 million euro) to UniCredit Bank, reads a press release .According to the release, the funds' beneficiaries of the new credit line can be individuals, household owners who wish to invest in improving the energy footprint of their houses."The ...

Issues of major importance for the future of the Romanian energy industry

Thursday, January 4, 2018

180104104112download__2_.jpeg

The rethinking of the regulatory framework in the entire energy and mineral resources field is in process of redefinition, with a potential major impact on the level of the companies’ business strategies, as well as on the Romanian strategy for energy security, energynomics.ro informs. The debates around the Draft Law regarding the approval of the Government Emergency Ordinance no. 64/2016 for the amendment of Law no. 123/2012 on electric power ...

Energy efficient buildings – Presidency secures provisional deal with European Parliament

Thursday, January 4, 2018

On 19 December, the Estonian presidency reached a provisional agreement with the European Parliament on a revised directive on the energy performance of buildings. The outcome of the trilogue will be presented to EU ambassadors tomorrow, with the final analysis and approval of the agreement expected to take place at the beginning of next year. The ...

OMV Petrom invested 130 million euro in two new units for the treatment of gas

Thursday, December 21, 2017

OMV Petrom finalised the construction works for two units for the treatment of gas, placed next to the area of important production, the two drafts needing investments of over 130 million euro starting with 2013, announced the company. The investment will allow delivery of gas in the national grid of transport, at pressures up to 40 bars. Through the two units almost 7.5% of the gas production of OMV Petrom in Romania will be ...

EBRD, EIB, EU, World Bank finance Moldova-Romania power link with 270 mln euro

Thursday, December 21, 2017

171221103214conectare_energetica_640x320.jpg

The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), European Union (EU) and the World Bank are providing a 270 million euro ($320 million) package to finance a permanent interconnection between the electrical networks of Moldova and Romania, seenews.com reads. This interconnection is of critical importance for the diversification of Moldova’s electricity resources, the EBRD said in ...

E-DISTRIBUTIE BANAT PUT INTO FUNCTION MAJOR INVESTMENT PROJECTS THIS YEAR, WORTH APPROX. 20 MILLION LEI

Thursday, December 21, 2017

E-Distributie Banat put into function investment projects of approximately 20.7 million lei (approx. 4.5 million euros) in 2017, consisting of modernisation works at the high voltage networks and equipment in the area where the company operates, improving the quality of the electricity distribution services for more than 46,000 consumers, a statement sent to ACTMedia reads. Thus, in 2017, the ...

OMV interested in the project ‘Neptun’ in the Black Sea

Thursday, December 21, 2017

171221103248black_Sea_2.jpg

OMV will discuss with the American partner Exxon about the project ‘Neptun’ of the Black Sea so that in 2018 the final decision for investment be taken and this is included in the calendar, stated on Wednesday the general manager of OMV Rainer Seele at a meeting with the  journalists, APA says.According to Rainer Seele, the ‘Neptun’ project is very important for OMV Petrom as it will improve the stocks and will increase the natural gas ...

ArcelorMittal Galati challenges the auction for BRHA pipeline – it would be a shame to built it with Chinese steel

Thursday, December 21, 2017

ArcelorMittal GalaTi has challenged in court the auction to decide the Bulgaria-Romania-Hungary-Austria (BRHA) gas pipeline, after being eliminated due to the lack of a document, the steel plant’s Director General, Bruno Robi, has said quoted by romaniajournal.ro. He said the plant still hopes to take part to the project. “A document has been missing, we didn’t realise and we had no more time to submit it. It’s a formal ...

Premium News

Daily

Monday, April 23, 2018

Financial & Banking

Monday, April 23, 2018

Economic

Tuesday, April 17, 2018

Companies

Wednesday, April 18, 2018

Energy & Environment

Thursday, April 19, 2018