Loading page...

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

Subscribe|Login

Energy & Environment

Romgaz to dismiss Director General Virgil Metea for damages worth RON 160m

Thursday, December 21, 2017

The Romgaz Board has decided on Thursday to dismiss Virgil Metea from the position of Director General, romaniajournal.ro informs. His office will be taken over by Emil Cindrea, former Deputy Director General, one of the persons prosecuted by the Directorate for the Investigation of Organized Crime and Terrorism (DIICOT) in the file of ‘cheap gas for InterAgro’, hotnews.ro informs. According to sources, Metea is responsible for damages to ...

Worth EUR 50 million is going to be granted to Transgaz on behalf of the European Investment Bank (EIB)

Thursday, December 21, 2017

171221103432european_investment_bank.jpg

 A first loan in lei (Romania's national currency, ed. n.) worth EUR 50 million is going to be granted to Transgaz on behalf of the European Investment Bank (EIB) on Thursday announced the bank, in a press release. The EIB funds will finance the construction of a new European natural gas transport corridor (BRUA) so to increase the gas supply security and cut the energy dependence, by diversifying the sources and the supply routes. It is ...

EU deal sets off race to renovate Europe’s building stock

Thursday, December 21, 2017

After a third round of talks, EU lawmakers reached an agreement Tuesday (19 December) on the revised Energy Performance of Buildings Directive (EPBD), firing the starting gun to renovate Europe’s entire building stock by 2050 so that it becomes “nearly zero emissions”, euractiv.com informs. Central to the agreement are long-term renovation strategies that all EU countries will be required to put in ...

The ministry of energy: the incident in Austria will not be felt on the Romanian energy market

Thursday, December 14, 2017

Minister of energy Toma Petcu had a meeting on Wednesday with  the main operators in the domain of production, storage and distribution of natural gas, following which he announced that the companies in the sector of natural gas are ready to ensure the consumption during the winter celebrations. Similarly, during the meeting, the minister of energy brought into discussion the incident produced on Tuesday at the natural gas terminal in Baumgarten ...

The Electrica group distributed last year 40% of the electricity at national level

Thursday, December 14, 2017

171214103400Electrica_logo.jpg

The Electrica group, leader in the distribution and supply of electricity in Romania announced that they distributed 40% of the electricity at national level and supplied energy to 3.6 million consumers, over 55% of the electricity supplied by the company to the clients on the competition market coming from renewable sources. The group  launched the report of sustainability for 2016, thus making the first  non-financial report of the company, ...

Petrotel Ploiesti refinery will pay Conpet 69.12 million lei for the transport of oil in 2018

Thursday, December 14, 2017

The refinery Petrotel Ploiesti of the Russian group Lukoil  signed a contract worth 69.12 million lei with the national oil transporter Conpet for the transport of oil in 2018, according to a press release issued on Friday to the Stock Exchange Bucuresti (BVB). The deadline for payment is 15 days since the reception of the voucher. The delay penalties mentioned in the contract are 0.04% per day. Over the first nine months ...

Romelectro won contracts of over 20 million euro with Transelectrica and Hidroelectrica

Thursday, December 14, 2017

171214103514romelectro.png

The Romelectro company,the biggest contractor of energy projects in Romania is going to sign contracts cumulated of over 20 million euro with Transelectrica,for the electrical units in Focsani Sud, Bacau Sud and Roman Nord as well as with Hidroelectrica, for the modernisation of the Slatina hydropower station, announced Cristian Secosan, general manager of the Romelectro group, in a meeting with the press. For this year, the company estimates a ...

Renewable energy goal ‘not on the table’ at EU ministerial

Thursday, December 14, 2017

Energy ministers from the 28 EU member states are expected to steer clear of potentially divisive talks on the bloc’s renewable energy target for 2030 in order to agree a “general approach” when they meet in Brussels next Monday (18 December), euractiv.com reads. Estonia, the current holder of the EU’s six-month rotating presidency, said it did not expect an in-depth discussion on the proposed targets at next week’s Energy ...

E-DISTRIBUTIE MUNTENIA INVESTED 14.5 MILLION LEI FOR THE MODERNISATION OF THE COTROCENI PRIMARY STATION

Thursday, December 14, 2017

E-Distributie Muntenia invested approx. 14.5 million lei (3.15 million euros) for the first stages of the modernization of the Cotroceni primary station in Bucharest, a 3-year project which began in 2016, with a total investment value of 18 million lei. The modernisation works completed so far at the 110/10 kV station included the commissioning of the new high voltage equipment, with hybrid modules. On the medium voltage side, ...

Teodor Chirica, elected President of FORATOM

Thursday, December 14, 2017

ROMATOM’s honorary president, Teodor Chirica, has been elected president of the European Atomic Forum (FORATOM) on Tuesday, following the decision of the General Assembly of the Forum, ROMATOM informs. Since June 20, 2016, Teodor Chirica was FORATOM’s Vice-president, focus-energetic.ro reports. Since October 2017, Chirica had the position of nuclear power expert/adviser of the general manager with SN Nuclearelectrica ...

Electricity price for the household consumers will increase as of January 1, up by 13pc during peak periods

Thursday, December 14, 2017

The price of electricity for household consumers supplied by universal service will increase as of January 1, in the peak period (18:00h and 22:00h), the prices will be by 13% higher, the OPCOM website informs, romaniajournal.ro reads. The auctions for Q1 2018 on the Centralized Universal Service Market (PCSU) have been completed on Tuesday and OPCOM has published the final prices. Thus, for the energy supplied during ...

Final electricity consumption January through October this year, down 0.1%

Thursday, December 14, 2017

171214103613Electricity_Consumption_300x225.jpg

Final electricity consumption January through October this year reached 45.271 billion kWh, down 0.1% from the same period last year, informs the National Institute of Statistics (INS), in a release on Tuesday. "The final electricity consumption reached 45271 billion kWh, by 01% less than in the same period of 2016; public lightning recorded a 6.8% drop and consumption of the population dropped 4.0 per cent. Exports of electricity reached 5471.4 million kWh, ...

Transgaz wants to participate in the privatisation of the Vestmoldtransgaz state-run company

Thursday, December 14, 2017

The Shareholders Extraordinary Assembly of Transgaz company on Tuesday approved to set up a company in the neighbouring Republic of Moldova so to participate in the privatisation of the Vestmoldtransgaz state-run company, the Bucharest Stock Exchange (BVB)'s website informs. Moreover, approved it was the enabling of Ion Sterian, as managing director of Transgaz or of a person authorised by him on an express mandate, to unfold all legal formalities necessary ...

Rompetrol, for 15 years in Bulgaria and Moldova

Thursday, December 14, 2017

171214103710rompetrol.jpg

The KMG International Group is celebrating 15 years of Rompetrol brand presence in the Republics of Moldova and Bulgaria, a press release sent to ACTMedia informs. “The expansion of our Rompetrol activities and operations in the Black Sea region was a natural and organic evolution of the Group, an addition to the growth and modernization of the Petromidia refinery – the largest unit in Romania and one of the most modern in the region. ...

State collected more than 32 million euros in November following the auctioning of EU greenhouse gas emission certificates

Thursday, December 14, 2017

The state collected more than 32 million euros in November following the auctioning of EU greenhouse gas emission certificates for stationary installations and aviation sector, according to a document posted on the website of the Ministry of Public Finance (MFP). According to the cited source, 4.44 million certificates for stationary equipment, worth more than 31.05 million euros, and 21,500 certificates for aviation sector, worth 158,240 euros, were ...

Transgaz bought gas for 11.17 million lei without VAT from the Romgaz storage houses

Thursday, December 7, 2017

The national gas transporter Transgaz ( the stock exchange symbol TGN) signed a contract with the state-run company Romgaz from whom the buy natural gas from the storage underground houses worth 11.17 million lei, without VAT excises or costs for capacity  booking. The contract was signed on 29 November. ‘ Following the  bid no 541/21.11.2017 on the platform disponibil.ro owned and administered by the Romanian Goods Stock Exchange shows ...

Dafora announces profit of 251.95 million lei for the first time in the last six years

Thursday, December 7, 2017

Dafora (DAFR) company for oil and natural gas drilling announced that, for the first time in the last six years recorded on 30 September a profit of 251.95 million lei. Dafora  got into insolvency in 2015, the judicial administrator of the company being CITR Cluj SPRL. ‘The positive result is due both to the operation in the accounting books of the plan for the reorganisation of the activity and the effort of the ...

At Visegrad meeting, senior official Ciamba shows importance to Romania of regional natural gas connectivity

Thursday, December 7, 2017

Secretary of State for Euro-Atlantic bilateral and strategic affairs with Romania's Foreign Ministry (MAE) George Ciamba on Monday participated in Budapest, Hungary, at a meeting of the Visegrad group - V4 - (Hungary, Poland, the Czech Republic and Slovakia) and Bulgaria, Croatia, Greece, Romania, Slovenia and Serbia, showing that regional cooperation in the High Level Group of the Central and South Eastern Europe Gas Connectivity (CESEC) is of great importance to ...

Romanian waste-oil recycling facility wins EBRD and BCR support

Thursday, December 7, 2017

The EBRD and Banca Comerciala Romana (BCR) are providing the Romanian company Green Oil and Lubes SRL with a US$ 38.7 million club loan for the development, construction and operation of a recycling plant for waste lubricant oils, finchannel.com reads. The financing is part of a US$ 56 million investment programme by the company, with the goal of building a 73,000-metric-tonne recycling facility in the southern Romanian city of Oltenita. The plant will ...

Stefan Gheorghe is the new Executive Director of the Romanian National Committee of the World Energy Council (RNC-WEC)

Thursday, December 7, 2017

Stefan Gheorghe, Director of the Dobrogea Region, EnergoBit SA, took over the position of Executive Director of the RNC-WEC Association, starting with December 1, when the RNC-WEC Board of Directors approved the withdrawal from office Gheorghe Balan, energynomics.ro reads. Stefan Gheorghe has over thirty years of experience in the Romanian energy sector, in various positions of execution and management of transmission, ...

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