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Energy & Environment

31 Romanian companies in the Atlas of Biomass and Bioenergy from Energy Barge

Thursday, October 25, 2018

The ENERGY BARGE project consortium has launched the modal transfer platform, a tool combining the “Biomass and Bioenergy Atlas” and the ecological logistics platform for bioenergy across the Danube, energynomics.ro informs. The Romanian Association for Biomass and Biogas – ARBIO, announces that the platform would also include a section of good practices that “would allow ...

OMV Petrom has auctioned a contract worth up to EUR 462 mln for probe services

Thursday, October 25, 2018

OMV Petrom has auctioned, through the electronic procurement system, a framework contract worth up to EUR 462 million for probe services, both in the Black Sea and on land, for four years, http://business-review.eu informs. According to the operator of the electronic public procurement system, this is the largest contract auctioned on the platform in the past two months. The estimated ...

Deloitte : Romania has the lowest energy consumption in the EU 

Thursday, October 25, 2018

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Romania has the lowest energy consumption per capita in the European Union and needs to increase its domestic consumption by expanding distribution networks and investing in new natural gas-based power plants, according to the report “The Outlook for natural gas in Romania and proposals for its value-added capitalization”, written by energy experts Vasile Iuga and Radu Dud?u, consulted by Business ...

Lukoil refinery in Romania and Russian managers cleared of economic crimes charges

Thursday, October 25, 2018

The Romanian subsidiary of Russian group Lukoil that operates the Petrotel refinery in Ploiesti and its managers were found not guilty of economic crimes, according to a decision of the Prahova Court, cited by ...

Italian clean energy group buys majority stake in Romanian company

Thursday, October 25, 2018

Italian clean energy group PLC will acquire a majority stake in Monsson Operations, a company that is part of Romanian Monsson Group, romania-insider.com informs. PLC will hold 51% of Monsson Operations by the end of November, according to an official announcement. The value of this deal wasn’t disclosed. By joining PLC, Monsson aims to ensure the financing of the projects under ...

PSD-ALDE coalition reaches agreement on offshore law: 50 pct of gas production to be traded on energy exchange

Thursday, October 18, 2018

The ruling coalition's Social Democratic Party (PSD) and the Alliance of Liberals and Democrats (ALDE) reached common ground regarding the amendments to the offshore law, with PSD floor leader, deputy Daniel Suciu stating that the coalition meeting had decided that 50 percent of the Black Sea gas production shall be traded on the Romanian exchange, and a maximum 30 percent of the additional income tax revenues be deductible. The decision was taken Wednesday ...

ROMATOM : horizontal nuclear industry can ensure 19,000 work places for the implementation of the projects for units 3 and 4 in CNE Cernavoda

Thursday, October 18, 2018

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The horizontal nuclear industry in Romania can ensure a significant number of workplaces estimated at19,000 at the moment of the implementation of the projects for unit 3 and 4 in CNE Cernavoda, appreciates the representatives of the Romanian Atomic Forum – Romatom in a press release. As  an association of the nuclear industry in Romania affiliated to the forum of the European nuclear industry ROMATOM sent to the ministry of energy a series ...

Corina Popescu takes over the position of interim general manager of Electrica starting with 1 November

Thursday, October 18, 2018

The Board of Electrica SA and the general manager Dan Catalin Stancu agreed to put an end to their collaboration starting with 1 November 2018 and the position of interim general manager of the company was taken over by Georgeta Corina Popescu former state secretary in the ministry of energy announced on Tuesday Electrica. Starting with 1 June 2018 Georgeta Corina Popescu occupies the position of general manager of the Society of Distribution of ...

OMV Petrom has auctioned a contract worth up to EUR 462 mln for probe services

Thursday, October 18, 2018

OMV Petrom has auctioned, through the electronic procurement system, a framework contract worth up to EUR 462 million for probe services, both in the Black Sea and on land, for four years, http://business-review.eu informs. According to the operator of the electronic public procurement system, this is the largest contract auctioned on the platform in the past two ...

Report: Romania has the lowest energy consumption in the EU

Thursday, October 18, 2018

Romania has the lowest energy consumption per capita in the European Union and needs to increase its domestic consumption by expanding distribution networks and investing in new natural gas-based power plants, according to the report “The Outlook for natural gas in Romania and proposals for its value-added capitalization”, written by energy experts Vasile Iuga and Radu Dudau, consulted by Business ...

AOAR: Romania needs a law to be restored in operation or construction of energy production units

Thursday, October 18, 2018

Romania firstly needs a law which allows the putting back into use or the construction of new units for the production of electricity (group of almost 800Mw similar to that of OMV Petrom) the progressive replacement of the feeding of thermo-units on oil and/coal considers the Association of the Business People of Romania (AOAR) in a document presenting their position on the debate referring to the fiscal regime applicable to the oil resources and natural ...

Arielle de Rothschild leaves Romanian electricity distribution group’s board

Thursday, October 18, 2018

Arielle Malard de Rothschild has decided to leave the board of directors of Romanian electricity distribution holding Electrica, the group announced on Friday, October 12. She made this decision due to “additional core activity responsibilities”, according to the announcement. However, the announcement comes at a time when the Romanian authorities are making back steps in enforcing corporate governance in state-owned ...

Wind energy provided 30pc of the energy consumption in Romania during Saturday, third in Europe

Thursday, October 18, 2018

Wind energy has provided 30 per cent of the energy consumption in Romania on Saturday, which ranked our country third in Europe after Denmark (76 pc of the consumption) and Portugal (50%). According to Wind Europe association, wind energy is providing 29% of the Spain electricity consumption (ranking 4th), followed by Sweden (29%), Germany (27%), UK (26%), Greece (24%), the Netherlands (17%) and Belgium (16%). Germany is the ...

Alro plans USD 61 mln. investments in 2018, energy efficiency included

Thursday, October 18, 2018

Romanian aluminium smelter Alro said on Tuesday it is continuing its USD 61 million (53 million euro) investment programme this year, focusing on extending client portfolio, enhancing the hot rolled products quality and reducing energy dependency, the company said ...

PRIMARY ENERGY RESOURCES up 2.8pct. DURING 1.I.–31.VIII.2018

Thursday, October 18, 2018

During 1.I – 31.VIII.2018, primary energy resources increased by 2.8%, while those of electricity increased by 0.2% as compared to the same period of previous year. Romania's primary energy sources increased by 2.8pct in the first eight months of 2018 and electricity sources advanced 0.2pct from the same period of the previous year, according to data released on Thursday by the National Institute of Statistics ...

Dumitru Chisalita denounces misinterpretations, wrong calculations and penalties in applying the Network Code

Thursday, October 18, 2018

On October 1, 2018, a new Network Code entered into force, and Dumitru Chisalita, chairman of the Intelligent Energy Association, warns on a series of anomalies that occurred with the application of the previous Network Code, energynomics.ro informs. This would have resulted in erroneous calculations of “capacity overruns, imbalances, and even of billing of services based on these allocations.” Subsequently, there were ...

Fitch confirms the long-term  rating of Transelectrica at ‘BBB’ with stable perspectives

Thursday, October 11, 2018

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Fitch Ratings confirmed at ‘BBB’ the long-term  rating for the national electricity transporter Transelectrica with stable  perspective,show a press release of financial evaluation.The rating reflects the profile of individual creditation of the company but Fitch warns that any improvement is limited by the connections with Romania( rating ‘BBB minus with stable perspective) which owns 58.7 % of ...

One more week for discussions on the Offshore Law – Calculations on fiscal regime start from scratch

Thursday, October 11, 2018

Speaker of the Chamber of Deputies, PSD ( social-democrat- ruling party) chairman Liviu Dragnea said on Saturday that “a consensus has been reached” regarding the Offshore Law, in the sense that the leaders of the groups in Parliament should look “more carefully” on figures, energynomics.ro informs. A new vote could be scheduled at the earliest next week. Meanwhile, Calin Popescu Tariceanu , ...

As many as 60 hydro-technical works to be finished this year

Thursday, October 11, 2018

This year as many as 60 hydro-technical works will be finished throughout the country, one of them being already started, the Minister of Waters and Forestry, Ioan Denes sated on Friday in Borca, during the Prime Minister Viorica Dancila's inspection to the hydro-technical works in the area."Currently, nationwide, 29 hydro-technical objectives are currently at different stages of execution. As of next week, we will begin works at 31 other objectives. We point out ...

IEA: Renewable energy gaining ground worldwide

Thursday, October 11, 2018

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The share of renewable energy used at the global level is expected to grow by around 20 percent in the following five years, to 12.4 percent in 2023, according to a report published on Monday by the International Energy Agency (IEA). In the electricity sector, renewable energy will have the highest growth rate (hydroelectric plants, solar power, wind power, bioenergy and tidal power), and will supply almost 30 ...

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