Loading page...

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

Subscribe|Login

Energy & Environment

Ambassador of Turkmenistan proposes organization of event dedicated to presenting potential of his country's energy sector

Thursday, June 24, 2021

 Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Romania Annamammet Annayev proposed to President of the Bucharest Chamber of Commerce and Industry (BCCI) Iuliu Stocklosa, the organization of an event dedicated to the presenting the potential of his country's energy sector and the possibilities of bilateral cooperation in the field, informs CCIB, in a press release.The visit takes place in the context in which the high diplomat accepted the ...

PM Citu: There is a plan to gradually close uncompetitive collieries by 2030

Thursday, June 24, 2021

210624100137GettyImages_494936078_1160x816.jpg

Prime Minister Florin Citu told a news conference in Alba Iulia on Thursday that there is a plan for the gradual closure of Romania's collieries by 2030 that will be unveiled transparently when the emergency ordinance amending and supplementing Emergency Ordinance (OUG) 69/2019."There is a plan to phase out the collieries by 2030 (...) It is an emergency ordinance that was first read in the government meeting last week; it will be approved next week with a plan ...

Neel (OMV Petrom): Romania can become largest gas producer in Europe

Thursday, June 24, 2021

Romania has the opportunity to become the largest gas producer in Europe, especially through the advantages offered by the resources of the Black Sea, Franck Neel, member on the OMV Petrom Board told on Thursday a specialized debate."OMV Petrom is based in Eastern Europe, where we want to develop the company, in terms of energy transition. In Greece we have a natural gas plant that wants to shift from the coal to the natural gas area. We have seen this in ...

Romania needs production capacities from clean sources to cover energy deficit

Thursday, June 24, 2021

Romania needs production capacities from clean sources to replace especially coal power plants in as short a time horizon as possible, being thus the only way by which the energy deficit can be covered and prices would drop, said, on Thursday, at the 7th edition of the Energy Strategy Summit 2021, Zoltan Nagy-Bege, the deputy chair of the National Authority for Energy Regulation (ANRE)."From an investment point of view, both the electrical energy production, as ...

Energy minister discusses with ExxonMobil officials on collaboration with Romgaz in carbon storage area

Thursday, June 17, 2021

210617103536282_2825947_exxon_logo_exxon_mobil.png

Energy Minister Virgil Popescu met on Wednesday with the representatives of the US company ExxonMobil, and one of the topics of discussion was the collaboration with Romgaz in the field of carbon storage, according to a post on the minister's Facebook page."Today we had a meeting with the new management of ExxonMobil Romania, a meeting in which we discussed possible investments and collaborations in the field of Energy. At the same time, we discussed a possible ...

Competition body screens outsourcing of well services by OMV Petrom

Thursday, June 17, 2021

The Romanian Competition Council analyzes the transaction through which OMV Petrom outsources some well intervention and repair services, operations related to oil and natural gas extraction and production activities, together with servicing assets and employees, to the consortium formed by Christof MB Well (RO), J. Christof E&P Services (RO)and MB Well Services (Germany).   The consortium of the three firms submitted a ...

Building energy renovation in Romania gets 2.2 billion euros under recovery, resilience plan

Thursday, June 17, 2021

The Romanian government has allocated 2.2 billion euros for the building energy renovation under the country's National Recovery and Resilience Plan (PNRR) submitted to the European Commission in early June, according to a press statement from the Energy Policy Group (EPG) released on Monday.The funds, which must be spent by 2026, are a great opportunity to have buildings that are more energy-efficient, healthier and more resilient to climate change. ...

Energy Minister: EIB can finance up to 75 pct of Romanian eligible energy project costs

Thursday, June 17, 2021

Romanian Energy Minister Virgil Popescu and counselor Niculae Havrilet had a working meeting today in Luxembourg with European Investment Bank (EIB) Vice President responsible for Romania, Christian Kettel Thomsen, with talks focusing on the increase in EIB's financial and technical support for investments in the Romanian energy sector and support for major projects in this field, the Energy Ministry informed in a release."Speeding up investments to increase ...

Government to spend another EUR 185 mln for miners’ severance payments

Thursday, June 17, 2021

The Ministry of Economy has put up for public debate the draft normative act by which the people fired following the collective redundancies will receive compensatory payments.   The companies most affected by future layoffs are the Hunedoara and Oltenia coal and power energy complexes.   The schema provides for the allocation of total compensation of about RON 916 mln ...

End electricity consumption, up 5.2% in first four months

Thursday, June 17, 2021

210617103707stock_photo_fast_running_electricity_meter_electricity_consumption_concept_735098989.jpg

The end electricity consumption in the first four months of 2021 was 18.817 billion kWh, 5.2% higher than the corresponding period last year, according to data published on Friday by the National Institute of Statistics .Public lighting decreased by 4.4% and household consumption increased by 10.3%.Electricity exports were 2.159 billion kWh, up 183.5 million kWh, while own technological consumption in networks and stations was 2.299 billion kWh, ...

Transelectrica and University Politehnica of Bucharest to set up first integrated digital lab in Romania

Thursday, June 17, 2021

  The National Company for Energy Transport Transelectrica and the University Politehnica of Bucharest (UPB) have signed a partnership through which they will establish and operationalise DigiTEL, the only integrated digital laboratory in Romania, for testing future technologies from the energy sphere, the company informs."In the materialization of a 10 year vision, DigiTEL wil function as a testing and validating medium for integrated concepts used ...

Israeli, Korean investors bid to convert Mintia coal-fired power plant

Thursday, June 17, 2021

Two companies from Israel and South Korea compete with Romanian GSP Power to take over the coal-fired power plant Mintia and convert it into a natural gas-fired plant with a capacity of 800MW, Romanian minister of energy Virgil Popescu announced in an ...

Alerion Clean Power develops 14.3MW PV parks in Romania

Thursday, June 17, 2021

Italian green energy group Alerion Clean Power announced that it acquired three photovoltaic plants currently under construction in Romania, with a total installed capacity of approximately 14.3MW.   The Italian investor had already hired in May local wind farm expert Monsson Alma for the development of three wind farms with a combined capacity of 350MW. Construction of the three acquired plants is ...

The price of green certificates has increased by 135% against 2020, up to 52.73 euro

Thursday, June 17, 2021

The price of green certificates has increased by 135% against 2020, up to 52.73% and could get to 70 euro until the end of the year, shows an analysis of the brokerage house XTB Romania, according to whom, whole sectors in the Romanian economy would be affected by the increase in the price of certificates, in the years to come.   The growing trend of the price, especially over the last three years was ...

Romania commits to phase out coal by 2032

Thursday, June 10, 2021

210610083344carbune_40707700.jpg

Romania will exit coal by 2032 at the latest and pass a law by mid-2022 to address the closure of mines and adopt socio-economic measures to support coal communities and the reskilling of workers, according to the country’s official recovery plan quoted by euractive.com.   The document, adopted on Thursday (3 June), plans for an increase in the share of renewable energy sources in ...

Cooperativa de Energie buys Apuron Energy and becomes energy supplier in cooperative system

Thursday, June 10, 2021

  Cooperativa de Energie recently completed the acquisition of Apuron Energy and thus enters directly on the market, as the first energy cooperative type of supplier in Romania, furnishing 100% green energy, with certificates of origin. In June, commercial offers will be launched for individuals and legal entities, as well as for prosumers who want to move their electricity contracts from the current supplier to ...

Govt. promises milder dividend payout ratios at Romgaz and Nuclearelectrica

Thursday, June 10, 2021

The government will not ask Romgaz and Nuclearelectrica to distribute as dividends 90% of their profits made in 2020, as it did with Transgaz and Transelectrica, energy minister Virgil Popescu assured in a Bloomberg interview.   "After a discussion with the Prime Minister and the Minister of Finance, we agreed to grant a derogation to these two companies (Romgaz and Nuclearelectrica)," Virgil Popescu said, according ...

Analysis of the files for the Electric-Up program will be completed in coming weeks

Thursday, June 10, 2021

The analysis of the 2,536 financing files submitted in the Electric-Up program will be completed in the coming weeks, given that, so far, 2,033 files have been analyzed, according to a statement posted on Monday by the Ministry of Energy on Facebook.   The evaluation of the files submitted for financing in the Electric-Up program started on April 9, once the access to the computer platform dedicated to the program was ...

Simtel has 120 MW solar projects in the commissioning phase

Thursday, June 10, 2021

Simtel was founded in 2000 by Romanian businessmen. The company developed in three different areas, based on a “mix of skills” that distinguishes it from other companies – an engineering staff specialized in the energy, telecommunications and automation sectors, he said Sergiu Bazarciuc, Executive Manager Simtel, during the ...

ANRE: Almost 1 mln. energy consumers have changed their contract this year

Thursday, June 10, 2021

About one million household electricity consumers have changed their contracts since the beginning of the year and all major suppliers in the market have received fines for irregularities, according to data provided by the National Energy Regulatory Authority (ANRE). “Out of the total number of household customers, of approximately 8.9 million, on January 1, 2021, 5,902,323 were in the regulated electricity market. Between January 1 and April 30, 2021, 926,000 household ...

Premium News

Daily

Friday, October 15, 2021

Financial & Banking

Monday, October 11, 2021

Economic

Tuesday, October 12, 2021

Companies

Wednesday, October 13, 2021

Energy & Environment

Thursday, October 14, 2021