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Energy & Environment
Czech company Photomate enters the Romanian market with Huawei FusionSolar inverters
Thursday, September 17, 2020
Photomate is a Huawei solar inverters authorized distribution partner since 2011 and is well-experienced in Huawei inverter products in technical aspects, sales and service support. Photomate entered the Romanian market by opening this year an office in Bucharest, its activity being coordinated by Adrian Paraschiv, Country Manager for Romania. The Romanian office will offer its customers the best ...
Oltenia Complex gets environmental permit to continue operation of Rosia quarry
Thursday, September 10, 2020
The Oltenia Energy Complex (CEO) has got an environmental permit for the continuation of works in the extended license area of the investment related to the opening and commissioning of the Rosia de Jiu quarry, Gorj County, at a capacity of 8 million tons/year of lignite, reads a statement posted on the company's website on ...
Energy official: Investors will extract 10 pct of country's gas consumption from Black Sea in 2021
Thursday, September 10, 2020
Investors will extract 10 pct of the country's gas consumption from the Black Sea, starting next year, Niculae Havrilet, State Secretary in the Ministry of Economy, Energy and Business Environment, said on Tuesday at the FOREN 2020 online ...
Minister Popescu: Recent Black Sea gas discoveries to bring region into global energy industry's attention
Thursday, September 10, 2020
Following Turkey and Bulgaria's recent Black Sea gas discoveries, the global energy sector will turn its attention to this region, Minister of Economy, Energy and Business Environment Virgil Popescu said on Monday in the opening of the FOREN 2020 online ...
Elena Burmistrova, appointed as President of the Board of Directors of PROMETHEUS GAS S.A.
Thursday, September 10, 2020
PROMETHEUS GAS S.A. announces that as of September 3rd, 2020, Ms. Elena Burmistrova, Deputy Chairman of the Gazprom Management Committee and Director General of Gazprom Export, has been appointed as President of the Board of Directors of PROMETHEUS GAS S.A., the company ...
"Electric Up" program, adopted
Thursday, September 10, 2020
The Government has adopted the "Electric Up" program, through which the SMEs in the HoReCa field have the possibility to access a non-reimbursable financing of up to 100,000 euros for the installation of photovoltaic panel systems and charging stations, announced the Chief of the Prime Minister's Chancellery, Ionel Danca."In the economic field, another draft ...
Petrotel Lukoil Refinery, fined over 20K euro for hydrogen sulfide pollution
Thursday, September 10, 2020
The Petrotel Lukoil SA Refinery was fined 100,000 RON (over 20,661 euro), after authorities noted important excesses regarding emissions of hydrogen sulfide.The institution of the Prefect of Prahova ...
AFEER becomes representative organization for gas suppliers, included, changes its name to AFER
Thursday, September 10, 2020
The Romanian Association of Energy Suppliers (AFEER) will also represent gas suppliers and changes its name to the Romanian Energy Suppliers Association (AFER), according to a statement sent on last ...
EBRD invests in Ungheni-Chisinau gas pipeline
Thursday, September 3, 2020
The European Bank for Reconstruction and Development (EBRD) is strengthening Moldova’s energy security with the acquisition of a 25 per cent stake în Vestmoldtransgaz , the gas transmission company that is operating the newly built Ungheni-Chisinau gas pipeline. The EBRD has invested €20 million as part of a capital increase in ...
RWEA: Investments in renewable sources of energy should be included in Recovery and Resilience Facility
Thursday, September 3, 2020
The Government should include in the Recovery and Resilience Facility investments in renewable energy sources, in order to be able to access European funds for this purpose, according to a release of the Romania Wind Energy Association (RWEA) sent on Wednesday.These investments are essential for economic rebuilding at the national level at the end of this crisis period, claim the investors in the wind energy production.Furthermore, RWEA requests that ...
Transgaz reports net profit up 18 pct for first semester
Thursday, September 3, 2020
National gas pipeline operator Transgaz recorded a net profit of 231 million lei in the first half of this year, an increase of 18 pct compared to the result in the same period last year, according to the report submitted to the Bucharest Stock Exchange on Thursday. (1 euro = rd 4.84 lei) The net revenue is 139 pct higher than planned in the revenue and expenditure budget. At the same time, the company's turnover decreased by 10 pct compared to last year, to 851 million ...
ENEL GREEN POWER BEGINS OPERATING LARGEST SOLAR PLANT IN TEXAS
Thursday, September 3, 2020
Enel Green Power has completed the 245 MW second phase of the Roadrunner solar plant, which, has a total capacity of 497 MW Roadrunner’s completion increases Enel Green Power’s operating portfolio to over 6 GW of renewable capacity across the US and Canada Enel Green Power ...
The subsidiary Electrica Furnizare has completed the acquisition of the Stanesti Photovoltaic Park
Thursday, September 3, 2020
Electrica started the diversification process, by taking over the Stanesti 7.5 MW photovoltaic park, according to a report of the company presented to the Stock Exchange. ”We want to develop a mix of generation, with wind, solar and gas. Gas is an element of transition, until storage solutions will ...
EC: EU gas production fell by 23% in Q1, with Romania in second place
Thursday, September 3, 2020
The European Union’s gas production fell by 23% in the first quarter of this year (Q1), while Romania remained second in the list of countries that extract natural gas, according to a report by the European Commission’s Directorate-General for Energy. Thus, total EU production in the first three months of the year reached 16 billion cubic meters. The Netherlands is the main producer, with 7.2 ...
OMV Petrom completes the acquisition of OMV Offshore Bulgaria, entering Han-Asparuh offshore exploration block
Thursday, September 3, 2020
OMV Petrom, the largest energy company in Southeastern Europe, completed the transaction for the acquisition of 100% of the shares in OMV Offshore Bulgaria GmbH from OMV Exploration & Production GmbH and enters the Han-Asparuh exploration block in Bulgaria. Following Repsol’s exit, the Bulgarian regulator approved the allocation of Repsol’s 30% participating interest to the remaining two partners, the company ...
EU to sanction Turkey’s energy sector, pushes for de-escalation
Thursday, September 3, 2020
EU foreign ministers agreed on Friday (28 August) on a list of sanctions against Turkey in the event that Ankara does not de-escalate its actions in the increasingly tense Eastern Mediterranean, including illegal drilling for oil and gas. The first phase of sanctions concern Turkey’s energy sector, i.e. companies involved in the illegal drillings in the Eastern Mediterranean in the exclusive economic zones of Greece and ...
Electric-Up Program: 200 mln. euro for photovoltaic panels and e-charging stations
Thursday, September 3, 2020
Ministry of Economy, Energy and Business Environment proposed, in the Government meeting, at first reading, an emergency ordinance for the approval of the Electric-Up Program, with a budget of 200 million euro, said the head of the Chancellery of the Prime Minister, Ionel Danca. The program will ...
The price of electricity fell by more than 30% in July on DAM
Thursday, September 3, 2020
The price of electricity decreased by over 30% in July 2020, compared to July 2019, on the market segment for the next day (DAM), according to OPCOM data consulted by energynomics.ro. Thus, in July 2020, 1.85 TWh were traded on DAM, with 1.3% more than in July 2019, and the average closing price was of about 179 lei/MWh, with almost 31.4% smaller than the mentioned period. Expressed in euros, the price ...
Rompetrol Rafinare, a new type of product for the production of protective medical masks
Thursday, August 27, 2020
Rompetrol Rafinare through its petrochemical division - the only polymer producer in Romania has successfully developed a new product in the last 3 months, a special type of polypropylene dedicated to protective medical masks. It’s meant for the middle layer of the mask, the most important layer for filtering and protecting against pathogens. It is a premiere for Romania and Central and Eastern Europe, a major success of the team of specialists ...
ENEL X TEAMS UP WITH HUBJECT TO STREAMLINE PAYMENT SOLUTIONS FOR THE E-MOBILITY INDUSTRY
Thursday, August 27, 2020
Hubject, the world leading roaming platform will provide settlement solutions to facilitate transactions between charging point operators and e-mobility service providers, with the aim to boost profitability of electric mobility Enel X subsidiary Enel X Financial Services has been awarded a long-term partnership agreement with Hubject leveraging on the company’s fintech ...