RSS
Energy & Environment
ENEL ROMANIA OFFERS ENTREPRENEURS ACCESS TO COWORKING SPACES THROUGH THE PLURIA PLATFORM
Thursday, March 11, 2021
Enel Energie and Enel Energie Muntenia are supporting small businesses, startups and registered individuals through the "Investing in small businesses and local entrepreneurs" campaign, with a dedicated electricity offer that provides free access* to flexible workspaces, both in the country and abroad. Local entrepreneurs who choose Enel Simplu Salut B2B benefit from a fixed price for electricity, valid for 12 months from ...
EU Parliament votes to retain free CO2 quotas for industry
Thursday, March 11, 2021
The European Parliament has rejected proposals to phase out free CO2 pollution credits for industries covered by the EU’s Emissions Trading System (EU ETS), even as the bloc plans to gradually replace the scheme with a carbon levy at its border. The move came as lawmakers voted on Tuesday evening (9 March) on plans to impose a carbon charge on imports of goods coming into the European Union, as a way to shield EU industries ...
ANRE fines four energy suppliers with 2 million lei for disregarding law in liberalization context
Thursday, March 4, 2021
The National Energy Regulatory Authority (ANRE) fined Hidroelectrica, E.ON, Electrica and Enel with 2.01 million lei for not observing regulations in supplying electricity in the context of market liberalization, according to a press release. Considering protests received from consumers, ANRE initiated and completed control actions carried out at electricity ...
The Electrica Group planned investments worth 712.4 million lei for this year
Thursday, March 4, 2021
The Board approved the consolidated value of the investments plan of the Electrica Group for 2021, worth 712.4 million lei, the largest part being the distribution sector. ‘In the meeting on 26th February 2021, the Board approved the consolidated value of the Investment Plan (CAPEX)of the Electrica Group for 2021, worth 712.4 million lei. Out of this value: 638.9 ...
Rompetrol Rafinare's financial results in 2020, affected by the market context and the effects of the pandemic
Thursday, March 4, 2021
Consolidated ...
Romgaz posts net profit rising by 15% and business dropping by 19.8%, for 2020
Thursday, March 4, 2021
The gas producer Romgaz obtained last year a net profit of 1.25 billion RON, rising by 15.14% from 2019, but the company's turnover has gone down by 19.79%, to 4.07 billion RON, given that the quantity of natural gas sold was 10.1% smaller."The turnover's slashing comes from the diminishing of 24.48% of income from the sales of natural gas, in both the production of Romgaz, as well as for those acquired for reselling and through associating as well. Instead, the ...
Romgaz to file a bid to take over the Exxon stake in the Black Sea natural gas project
Thursday, March 4, 2021
Romgaz will file a bid to take over the Exxon stake in the Black Sea natural gas project “Neptun Deep” in the upcoming two months until the incumbent interim GM’s term expires, Energy minister Virgil Popescu has ...
EDP Renewables is ready to continue investing in Romania, but waits for the CfDs
Thursday, March 4, 2021
EDP Renewables is ready to continue investing in Romania, told Energynomics officials of the company, the day when EDPR announced their financial results for ...
Canada ambassador Goulet: Canadian nuclear industry is interested in working on Cernavoda Unit 1 retrofitting project
Thursday, March 4, 2021
Canada and the Canadian nuclear industry express their interest in working alongside Romanian partners for the retrofitting project of Unit 1 and the construction of new nuclear units at CNE Cernavoda, declared, during a specialty conference, Annick Goulet, the Canadian ambassador to Romania, Bulgaria and the Republic of Moldova.Today, Romania and Canada, through the cooperation from the nuclear field, advance on hitting development and decarbonization ...
Ludovic Orban: this year the first offshore exploitation is likely to kick off
Thursday, March 4, 2021
The Speaker of the Deputies’ chamber, Ludovic Orban stated on Saturday in Focsani that it is likely that,during this year, the first offshore exploitation starts working, mentioning that a part of the taxes to be collected from these gas exploitations from the Black Sea will be gathered in a fund to finance investments.‘For gas,besides the allocation of 200 million for the present year, I think that we can require ...
E.ON Romania's Paasch:Energy consumers, not to rush to conclude new contracts, liberalization, not done overnight
Thursday, February 25, 2021
Energy consumers should not panic or rush to conclude new contracts, because they can make this change at any time, in the context of market liberalization from January 1, Manfred Paasch, general manager of E.ON Romania, told an interview for Agerpres.He is convinced that, a year after liberalization, the market will look completely different. Competition will increase between suppliers, offers will be diversified and thus costs will decrease and services will ...
MOL GROUP TO LAUNCH UPDATED, INTEGRATED LONG-TERM STRATEGY
Thursday, February 25, 2021
MOL builds on the changes of the external environment and updates its 2030 strategy, integrates it with sustainability goals. MOL keeps key initiative as they proved to be progressive and successful, but now accelerate business transformation MOL will transform its traditional businesses for the low-carbon future by making them even more efficient and focused. Downstream will ...
Nuclearelectrica: Construction of reactors 3, 4 to cost 7bn euros and to start in 2024
Thursday, February 25, 2021
The construction of Cernavoda nuclear plant's reactors 3 and 4 will cost 7 billion euros, and the investment decision and construction site mobilization is estimated for 2024, Cosmin Ghita, general manager of Nuclearelectrica, told a Tuesday's relevant conference."Therefore, we expect that the commissioning of Unit 3 will be, according to National Integrated Plan for Energy and Climate Change, around 2030-2031, which means a site mobilization around 2024. Until ...
Black Sea Oil & Gas to start extraction of offshore gas in Romania in November
Thursday, February 25, 2021
Romania-based Black Sea Oil & Gas (BSOG) will begin extracting offshore natural gas in Romania in November, its chief executive said on Tuesday, but added further progress hinged on scrapping a disputed tax, according to Reuters.The additional tax on offshore projects is the last remnant of a series of price caps, taxes and export restrictions introduced two years ago by a previous centre-left government. The changes, most of which have since been ...
Romania to devise national strategy for hydrogen production
Thursday, February 25, 2021
Romania is due to elaborate a national strategy on producing hydrogen energy in the next period, as it is one of the technologies on which the European Union is increasingly focusing for the future, Energy Minister Virgil Popescu told a specialized conference on Tuesday."At the moment, Romania does not have a hydrogen strategy. A team from the Ministry of Energy will work with specialists to devise a national hydrogen strategy. On the way here [the ...
EnerMin Popescu: First Romanian gas molecule from Black Sea perimeter to be drilled this year
Thursday, February 25, 2021
The first Romanian gas molecule in the Black Sea will be drilled this year by the Black Sea Oil&Gas company from the Aurora perimeter, and from the Neptune Deep area it will probably happen in 2025, Energy Minister Virgil Popescu said on Monday evening on private B1 TV broadcaster."I think we're going to get more out of the Black Sea than we can consume, but we have until 2025 probably when the first gas molecule from Neptune Deep could be extracted, and ...
Fondul Proprietatea confirms the sale of its whole stake in Nuclearelectrica
Thursday, February 25, 2021
Fondul Proprietatea (FP), the biggest investment fund in Romania, has sold its entire stake in state-controlled nuclear power producer Nuclearelectrica ...
Delgaz Grid: Investments of almost 3 billion lei in natural gas infrastructure in Romania, in last 15 years
Thursday, February 25, 2021
Delgaz Grid has invested almost 3 billion lei in modernizing the natural gas infrastructure in the last 15 years, and the number of customers served has increased by 670,000, according to a company press release, sent on Monday.The announced investments were mainly aimed at modernizing the natural gas distribution network that currently supplies more than 1,080 localities in 20 counties located in the north of the country. In this sense, over 5,600 km of ...
Transgaz concludes historical contract with Gazprom
Thursday, February 25, 2021
The historical contract for gas transport through the T3 transit pipeline on Romania’s territory to third countries, concluded with Gazprom Export LLC (GPE), which was valid until December 31, 2023 has ceased before expiry by agreement of the parties , Transgaz has announced in a press release today. According to the announcement, the Romanian party will not suffer financial losses. Romanian state company Transgaz ...
Restart Energy invests $ 30 Million in A 45 MW solar project in Salaj County
Thursday, February 25, 2021
Restart Energy, an independent supplier of electricity and natural gas operating on the local market, intends to invest approximately 30 million dollars in developing a 45 MW solar project in Sarmasag locality in Salaj county. The purchased project is in the “ready to build” phase, and the money will be invested in the park’s construction. The company estimates that the park will start to function in the first quarter of 2022. This 45 ...