Loading page...

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

Subscribe|Login

Energy & Environment

Electrica, Hidroelectrica and SAPE Consortium plan to buy CEZ Romania

Thursday, June 4, 2020

Electrica has announced on BVB that it is exploring, through a consortium including two other companies, to join a competitive sale procedure organized by CEZ a.s. “Electrica would like to inform its shareholders and investors regarding the fact that it is currently exploring the possibility to participate through a potential consortium to be formed with Societatea de Administrare a Participatiilor in Energie S.A. (S.A.P.E.  S.A.) ...

Romanian oil industry association argues against state’s control on concession contracts

Thursday, June 4, 2020

The Romanian Association of Oil Exploration and Production Companies (ROPEPCA) has asked the Government to revise the discretionary right of the state agency to refuse or terminate oil field concession contracts with non-EU companies on national security grounds. ROPEPCA argues that such a measure would impact investment in the oil industry. "One of the major concerns of the investors in this sector are the changes brought to the Petroleum Law no. 238/2004 by the emergency ...

Energy Minister: Romania’s offshore law amended only after elections

Thursday, June 4, 2020

200604105813shutterstock_124713985_800x450.jpg

Romania's Offshore Law, seen by the operators of Black Sea perimeters as a significant obstacle in their investment decisions, will be amended after the parliamentary elections, economy and energy minister Virgil Popescu ...

Study: gas suppliers ask high prices along market liberalisation in July

Thursday, June 4, 2020

200604105910gaze_pret.jpg

Romanian natural gas suppliers started negotiations with households from rather high prices, as the wholesale price of gas has dropped recently, and the retail market will be liberalized in July. The two main gas suppliers asked Romanian households to pay 14% (E.ON Energie) and 7% (Engie) higher prices than they should (the “fair” price), according to local NGO Energia Inteligenta (Smart ...

Zoltan Nagy-Bege (ANRE): I don't expect price for gas for population to drop too much

Thursday, June 4, 2020

Deputy head of the National Energy Regulatory Authority (ANRE) Zoltan Nagy-Bege said in a first stage he didn't expect the price for gas for the population to drop too much, first of all considering that these offers from the providers of gas for households do not take into account solely the winter period."In respect to the possible reflection of the price for the providers into the market price, I don't expect a significant drop in a first stage in the price of the gas for the ...

StateSec Havrilet: Natural gas market prices at all-time low, timing favorable for liberalization

Thursday, June 4, 2020

Prices on the natural gas market are currently at an all-time low, starting at 25 lei per MWh on Romania's neighboring markets, whereas at the beginning of the liberalization process in 2012, the administrative price was 45 lei per MWh, Secretary of state in the Ministry of Economy Niculae Havrilet said on Tuesday."According to Ordinance No. 1, the first step towards the market's liberalization is the liberalization of the natural gas market for household consumers beginning July ...

Electrica to merge its regional networks

Thursday, June 4, 2020

Romanian electricity distribution and supply group Electrica, whose biggest shareholder is the state with nearly 49% of the shares, has initiated the merger of its three regional electricity distribution networks. Thus, Electrica plans to merge Electrica Transilvania Nord, Electrica Transilvania Sud, and Electrica Muntenia Nord in a single company. This initiative is one of the main pillars of the group’s strategy for the period 2019-2023. The three power distribution ...

OMV Petrom starts electrification of its fuel retail network in Romania, Bulgaria

Thursday, June 4, 2020

Romanian oil and gas group OMV Petrom has installed fast-charging stations at two OMV gas stations in Bulgaria, in partnership with Eldrive, the largest electric charging station operator in the region. The group will extend the project to 28 gas stations in Romania and Bulgaria over the next two years. A fast-charging cycle up to 80% of the battery capacity will take approximately 40 minutes. As a result of this project, Romania and Bulgaria will be connected by an ...

ENEL X GIVES FRESH BOOST TO SUSTAINABLE MOBILITY BY TRIPLING ITS PUBLIC EV CHARGING NETWORK THROUGH COLLABORATION WITH ALLEGO, BOSCH AND INNOGY

Thursday, June 4, 2020

JuicePass users are now enabled to access a network of over 30,000 charging points across Europe, under the Hubject platform, from around 10,500 already available Enel X expanded its electric vehicle (EV) charging network to more than 30,000 public charging points, roughly a threefold increase from about 10,500 already available, by kicking off eRoaming connectivity with Dutch EV network operator Allego as well as Robert Bosch GmbH and German ...

Iancu: Hydrogen can be the basis of a new technological and digital revolution

Thursday, June 4, 2020

Hydrogen is currently the most spectacular solution to the new challenges, said PSD MP Iulian Iancu, chairman of the Industry and Services Commission of the Chamber of Deputies, chairman of the Romanian National Committee – World Energy Council (CNR-CME), quoted by financialintelligence .com. In his opinion, hydrogen can be the basis of a new technological and digital revolution: “It is used for multiple applications besides the classic ones in the industrial field, today ...

EU boosts ‘just transition fund’, pledging €40 billion to exit fossil fuels

Thursday, June 4, 2020

The European Commission has increased five-fold its proposed EU fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the new coronavirus pandemic. Countries are already clamouring for a slice of the EU’s just transition fund, with 18 member states preparing to apply for support to wind down coal sectors, retrain workers and help carbon-heavy businesses pivot to greener ...

The project of the gas pipeline Sighetu Marmatiei – Viseu de Sus – Borsa acknowledged of national importance

Thursday, May 28, 2020

The investment project ‘Gas transport pipeline on the direction Sighetu Marmatiei – Viseu de Sus –Borsa’ was considered as project of national importance in the domain of natural gas. The government decision was approved in the meeting on Wednesday, informed the ministry of economy. The acknowledgement of the draft for investments of national importance in the domain of natural gas will generate the creation of new work places ...

Economy Ministry asks abrogation of Strategy of continuation of reactors 3 and 4 from Cernavoda

Thursday, May 28, 2020

The Ministry of Economy, Energy and Business Environment requested Nuclearelectrica, the state company administering Cernavoda nuclear plant to abrogate the continuation Strategy for reactors 3 and 4 from Cernavoda, a project evaluated at 6.45 billion euros and asks that negotiations with China  General Nuclear should stop. According to the Investment Strategy of Nuclearelectrica for 2020-2025 the building strategy for units 3 and 4 is evaluated ...

Romania working on first hydrogen energy applied project

Thursday, May 28, 2020

200528102854229722955.jpg

Research in the use of hydrogen as an alternative energy source is particularly important and, together with the National Institute for Cryogenic and Isotopic Technologies, the Romanian government has initiated two actions to modify the Operational Programmme Competitiveness to develop the first applied project on this segment, Minister of European Funds Marcel Bolos told a specialist virtual conference on Tuesday."When we talk about hydrogen as an alternative ...

Reuters: Eight countries, including Romania, say gas deserves help as EU readies 'green recovery' fund

Thursday, May 28, 2020

Eight European countries have urged the European Union to include natural gas in future funding, as the bloc’s executive prepares to unveil its plan for a green economic recovery from the coronavirus pandemic. The European Commission presented on Wednesday its trillion-euro proposal for the bloc’s next budget, alongside a coronavirus Recovery Fund to mobilise investments in line with its climate goals, Reuters correspondent ...

EP Wind Project (Rom) Six Ltd sues Romania at WB’s arbitrage court

Thursday, May 28, 2020

Cyprus-based offshore EP Wind Project (Rom) Six Ltd, which owns the 80MW Chirnogeni wind farm in Dobrogea, commissioned in 2013, has filed a complaint against the Romanian state at the World Bank’s ICSID arbitration court, according ...

Transgaz becomes associate member of Romanian Investor Relations Association in Romania

Thursday, May 28, 2020

200528102957trasngaz.jpg

Transgaz, a strategic company and the technical operator of the national gas transmission system has become an associate member of the Romanian Investor Relations Association (ARIR), the non-governmental organisation made the announcement on Tuesday, in a press release."A new valuable member, the 20th, strengthens now the ARIR community. Alongside the largest companies in our economy, Transgaz is also among the most traded 10 companies on the stock exchange, a ...

Energy-intensive companies to get EUR 291 mln state aid

Thursday, May 28, 2020

Some 170 Romanian electricity-intensive companies will get state aid worth around EUR 291 million, related to their electricity consumption in ...

Renewable hydrogen, key to unlocking the complete decarbonisation of European industries

Thursday, May 28, 2020

Eight industry leading companies, SolarPower Europe and WindEurope have launched “Choose Renewable Hydrogen”, a joint initiative highlighting the crucial role of renewables to ensure a sound economic recovery, aligned with the European Green Deal. Signatories called on the European Commission to make the right choices for Europe’s upcoming energy system integration and hydrogen strategy, harvesting the full potential of renewable electricity to fully ...

Rompetrol, growing retail activities in the first four months of 2020

Thursday, May 28, 2020

KMG International Group continued for the first four months of the year to consolidate and develop its retail activities in the Black Sea region, by opening 12 new fuel stations, but also expanding the range of products and services offered. “Rompetrol makes sustained efforts to always satisfy the needs of customers in Romania and the Black Sea region, but also to offer new services and products. During this difficult period, we managed to ...

Premium News

Daily

Thursday, June 4, 2020

Financial & Banking

Monday, June 1, 2020

Economic

Tuesday, June 2, 2020

Companies

Wednesday, June 3, 2020

Energy & Environment

Thursday, June 4, 2020