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Energy & Environment

EC recommends Romania to increase to 34pct the target on energy from renewable sources in 2030

Thursday, June 20, 2019

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The European Commission (EC) recommends Romania to increase, until at least 34 percent, the target regarding the share of energy from renewable sources in gross final consumption of energy representing Romania's contribution to the achievement of the Union's objectives in the horizon of 2030, the European Commission assessment report on the project of the integrated national energy and climate change plan (NECP) published Tuesday by the executive Community.Through ...

RWEA: Growth of renewable energy target to 34 pct for 2030 reconfirms Romania's significant potential

Thursday, June 20, 2019

The recommendations of the European Commission regarding the Integrated National Energy and Climate Change Plan Project 2021-2030 represents a reconfirmation of Romania's significant potential in the area of energy from renewable sources, with the 34 percent share being an encouragement for a correct level of ambition for the future, but also for the efforts put in so far, in view of the development of the current renewable energy capacities, a release of the Romanian Wind ...

The Commission has published its assessment of Member States' draft plans to implement the EU's Energy Union objectives

Thursday, June 20, 2019

The Commission's assessment finds that the national plans already represent significant efforts but points to several areas where there is room for improvement, notably as concerns targeted and individualised policies to ensure the delivery of the 2030 targets and to stay on the path towards climate neutrality in the longer term. The European Union is the first major economy to put in place a legally binding framework to deliver on its pledges under the Paris Agreement and ...

ENEL’S GLOBAL SUSTAINABILITY LEADERSHIP CONFIRMED IN RANKINGS MID-YEAR REVIEWS

Thursday, June 20, 2019

The company reaffirmed its position in the FTSE4Good Index Series, in the Euronext Vigeo-Eiris indices at global, European and Eurozone levels, and in the Integrated Governance Index (IGI) The indices recognised Enel’s leading role in promoting a low-carbon energy model through renewables, digitalisation and advanced energy solutions while acknowledging the company’s responsible business ...

E-DISTRIBUTIE DOBROGEA COMPLETED THE MODERNISATION OF THE ABATOR PRIMARY STATION IN CONSTANTA

Thursday, June 20, 2019

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  E-Distributie Dobrogea has completed the modernisation project of the Abator primary station in Constanta, following investment of approximately 12 million lei, which will improve the distribution service quality for about 26,000 customers. The high to medium voltage 110/20/10 kV station will now provide improved services to household and industrial consumers in the south-east area of the city of Constanta, in the perimeter of Peninsula Portul ...

The ministry of economy: We have reopened the first three mines out of the 530 closed down

Thursday, June 13, 2019

The ministry of economy Niculae Badalau announced on Wednesday in a conference, that they reopened three mines in the Jolotca area, Harghita county. ‘I want to announce for the first time that we have reopened the first three mines out of the 530 closed down in the mining area Jolotca, Harghita county, mines which are in radioactive Magurele under the coordination of the ministry of economy. We are talking about the first three mines re-opened, after 1989. These mines have rare ...

DefMin Gabriel Les: We are focusing on finding ways to cleaner, sustainabe energy models in defense

Thursday, June 13, 2019

  The Minister of National Defense, Gabriel Les, said on Wednesday that the ministries in the EU member states have the objective to reduce the energy footprint and especially to find cleaner and safer energy models."The efforts made by the Defense Ministries in the EU Member States are not aimed at simply reducing the energy footprint and finding a formula to reduce energy bills, but (...) we focus on finding ways to cleaner, safer and more sustainable energy models," ...

Primary energy resources advance 0.9pct, Jan.-April, 2019

Thursday, June 13, 2019

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Romania's primary energy resources increased by 0.9pct in the first four months of 2019, while electricity prices decreased by 6.7pct from the same period of 2018, according to provisional data with the National Institute of Statistics (INS) released on Wednesday.Primary energy resources during the period January 1 - April 30, 2019 totalled 11.598 million tons of oil equivalent (toe), up 105,700 toe over the same period in 2018.Domestic production amounted to 6.849 ...

ANRM to launch new auction for the concession of 28 petroleum exploatation areas

Thursday, June 13, 2019

Ten years after the last round of public auctions, the National Agency for Mineral Resources will begin the 11th auction round providing 28 exploatation areas for concession, according to Florin Ciocanea, a state advisor for PM Viorica Dancila. There are 22 onshore and ...

Bogdan Badea, confirmed CEO of Hidroelectrica for a 4-year mandate

Thursday, June 13, 2019

Bogdan Badea, the CEO of Hidroelectrica, has been confirmed in his position for a 4-year mandate, after months of temporary mandates.    Hidroelectrica is the most profitable state-owned company in Romania. The Energy Ministry own 80 percent of company’s shares while Fondul Proprietatea has a 20 percent stake. Hidroelectrica has a board of directors with 5 members: Bogdan Badea, Marian Bratu, Razvan Pataliu, Radu Cristian Pop and Cristian Vladoianu.Their ...

Iberdrola to build the largest solar power plant in Europe

Thursday, June 13, 2019

Spanish utilities company Iberdrola will invest over EUR 300 million to build a solar power plant with a capacity of 590 MW in Spain’s Extremadura region, making it the largest such project in Europe and one of the largest in the world, according to Bloomberg. The plant, which will be called Pizarro, will house about 1.7 million solar panels on a 1,300-hectare site and will be ready by 2022. The developer says it will be able to meet the annual power needs of 375,000 ...

OMV Petrom completes EUR 46 mln investment at Romanian refinery

Thursday, June 13, 2019

OMV Petrom announced it completed an investment project worth EUR 46 million aimed at upgrading the Coker unit of its Petrobrazi refinery. A closed blowdown system was implemented at this unit, to eliminate any potential emissions of volatile organic compounds, thus supporting the reduction of the environmental impact. The Coker unit is an important point in the refining process as this is where heavy oil components from the other units are redirected and where the final oil ...

EU needs more wind and solar power to meet renewables targets, warn Auditors

Thursday, June 13, 2019

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The EU needs to take significant action to generate more electricity from wind and solar power and meet its targets on renewables, according to a new report by the European Court of Auditors. Although both wind and solar power have recorded strong growth since 2005, there has been a slowdown since 2014, say the auditors. The Commission should urge Member States to support further deployment – by organising auctions to allocate additional renewables capacity, promoting citizen ...

ARIR: Electrica is joining the Romanian Investor Relations Association

Thursday, June 13, 2019

The Romanian Investor Relations Association (ARIR) announced today it has welcomed Electrica SA ...

Nuclearelectrica is preparing to build a new nuclear plant on its own

Thursday, June 13, 2019

Nuclearelectrica is getting ready for a developing on its own a nuclear plant in Cernavoda if the agreement with Chinese company CGN for the development of reactors 3 and 4 will not be completed, according to the state secretary at the Ministry of Energy Doru Visan. “The big investments in the energy system – which are for the long term, 10 years or more – are needed, even mandatory. In this extremely unstable context generated by this transition (from fossil fuels ...

ENEL INAUGURATES FLAGSHIP STORE IN BUCHAREST

Thursday, June 13, 2019

The supply companies of the group now have over 80 stores nationwide, one of the largest networks of a energy supply company in the country Over 5 million euros investment in the expansion of the retail footprint Enel marks today the opening of its flagship store in Bucharest, the concept store of its national retail chain of over 80 shops. Located in a modern and easy to reach space at the ground-floor of the new Enel ...

Gas price and CO2 certificates drove heating companies to the limit of survival

Thursday, June 13, 2019

The gas price has driven heating companies to the limit of survival, Doru Visan, state secretary at the Ministry of Energy, told at a conference organized by CNR-CME. “Hence, the need to regulate gas and electricity prices,” he continued. Last Autumn, the authorities have found that Romania has a 12,000 MW power generation capacity available, compared to the 20,000 MW figure previously considered. “Without any doubt, 8,000 MW were ...

E.ON plans to hire 300 more IT specialists at the Development and Innovation Center in Iasi

Thursday, June 13, 2019

E.ON Software Development (ESD), part of the German E.ON Group, has initiated an ambitious development plan of its activities in Romania, which means increases the number of employees from 100 persons to 400 over the next two years. Ia?i is one of the fastest developing university cities of Romania within the IT segment, this being one of the advantages taken into account by E.ON when deciding to set up a Research, Development and Innovation Center in this location for all Group ...

AHK Romania: Romania, enormous potential to develop energy business

Thursday, June 6, 2019

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Romania has an enormous potential to develop energy business and there is a major potential for developing energy efficiency, Sebastian Metz, Director General of the Romanian-German Chamber of Commerce and Industry (AHK Romania) said on Tuesday at a symposium on energy efficiency in industry."There is an enormous potential to make energy business here in Romania. We see here a" win-win "collaboration with Romanian companies. As much as 30 percent of saving has been reached in the ...

E-DISTRIBUTIE COMPANIES WILL INVEST OVER 11 MILLION EUROS IN SMART METERS ROLL-OUT THIS YEAR

Thursday, June 6, 2019

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By the end of 2019, over 671,000 customers of the Enel Group’s Romanian distribution companies will have smart meters This year’s smart meter project will involve an investment of over 53 million lei (more than 11 million euros) E-Distributie Muntenia, Dobrogea and Banat, the Romanian distribution companies of the Enel Group, a world leader and pioneer in the smart meter technology, will install over ...

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