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Energy & Environment
Energobit and Electromontaj Cluj are jointly bidding for the new CET Govora thermal power plant
Thursday, July 11, 2024
The companies Baran (Israel), Telemenia and Energobit jointly submitted an offer to participate in the open tender for the design and execution of the thermal-electric power plant in the cogeneration system within CET Govora, Lot 1. The contract has an estimated value of 534 million lei (approximately 110 million euros), without VAT, according to Transilvania Business. The duration of the implementation of this project was set at 25 months from the signing of the Start ...
A 5 MW photovoltaic park, co-financed by PNRR, inaugurated in Prahova county
Thursday, July 11, 2024
The Society for the Administration of Energy Participations (SAPE) reconfirms its development strategy and inaugurates the photovoltaic park Darvari 2, in the town of Valea Calugareasca (Prahova county). “SAPE has proposed a new strategy, which reflects the company’s growth plans and which aims to continue the activity of managing the ...
EU Commission clears Romania’s plans to build two new nuclear reactors
Thursday, July 4, 2024
The European Commission has issued a positive opinion on the technical and nuclear safety aspects of the project for units 3 and 4 of Romania’s only nuclear power plant, the Romanian Energy Ministry announced on Tuesday quoted by euractiv.com. With the Commission’s green light, the plant, managed by the country’s sole nuclear power producer, the state-owned Nuclear Electric Company, and located in the southeastern town of Cernavod?, ...
Electromontaj wins tender for the rehabilitation of Vidraru hydropower plant
Thursday, July 4, 2024
Electromontaj, in partnership with Kon?ar Engineering Ltd., announces the winning of the tender for the refurbishment of Vidraru hydropower plant, one of the largest hydropower plants in the country, with an installed capacity of 220 MW. Butan Grup is the subcontractor. Following the award of the tender, Electromontaj together with Kon?ar Engineering Ltd. signed the contract with Hidroelectrica SA for the realization of ...
EnergyMin Burduja: Neptun Deep project is on schedule, we want to have first drillings by year's end
Thursday, July 4, 2024
The Neptun Deep project is on schedule, and if everything goes as it should, we want to have the first drillings by the end of this year, the Minister of Energy, Sebastian Burduja told a Monday's press conference reviewing one year of mandate."The Neptun Deep project is on schedule. Both Romgaz and OMV Petrom have made all the necessary efforts to obtain the approvals, in order to be able to make the contracts. From the data we have, practically all the contracts are signed ...
Regulated gas distribution tariffs to increase by 19pct from July 1
Thursday, July 4, 2024
The National Energy Regulatory Authority (ANRE) last week approved an average increase of 19% in the regulated tariffs for the distribution of natural gas, which means about RON 10 /MWh distributed.The increase applies from July 1.The change in tariffs is determined by three main factors: the increase in the costs of the natural gas distribution adjusted for a forecast inflation for 2024 of 4.6%, the increase in capital costs following the achievement in ...
Petromidia – 45 of years of development, innovation and performance
Thursday, July 4, 2024
Petromidia Refinery, one of the most important refineries in the region and the largest profile unit in the country, is celebrating 45 years of activity, during which it evolved from a simple blueprint to a modern refinery capable of supporting the energy sector. “The history of this refinery is the history of a dedicated and professional community of people who have passed from generation to generation the values that raised ...
Societatea Romana Geoexchange calls on Romanian Geothermal Energy Strategy creation
Thursday, July 4, 2024
Societatea Romana Geoexchange (SRG) requests in a letter to the Ministry of Energy the draw-up of a Romanian Geothermal Energy Strategy, with annual action plans, for the extended access to abundant and cheap geothermal energy resources."The content of the current draft of the Romanian Energy Strategy takes over the few sentences of the previous strategy drafts of the last decades, without significant additions and improvements. This is the reason why we call on the ...
The Government has established the National Regulatory Authority for Mining, Petroleum and Geological Storage of Carbon Dioxide
Thursday, July 4, 2024
The Government has established, on Friday, through an emergency ordinance, the National Regulatory Authority for Mining, Petroleum and Geological Storage of Carbon Dioxide (ANRMPSG), a specialized body of the central public administration, with legal personality, fully financed from its own revenues, subordinated to the Government and coordinated by the Prime Minister, through the Chancellery of the Prime Minister, through the reorganization by transformation of the National Agency for ...
Romania reduces tax on electricity imports and exports to Moldova and Ukraine
Thursday, July 4, 2024
The Romanian Energy Regulatory Authority has announced a reduction in the regulated tariff applied by the national energy system operator, Transelectrica, to all electricity import, export and transit transactions planned with the Republic of Moldova and Ukraine, https://www.ipn.md/ reports.Profit.ro ...
First investment project with external financing of Hidroelectrica, inaugurated at Poiana Rusca
Thursday, July 4, 2024
The first investment project realized with external financing, worth 5.79 million RON, was inaugurated by Hidroelectrica in Poiana Rusca, according to a press release sent on Thursday.The objective of the Rusca Micropower Plant (MHC) is to achieve a new installed capacity of 0.2 MW, which generates 1.5 GWh/year of green electricity with zero CO2 emissions.According to the cited source, out of the total of 5.79 million RON of the investment, 2.3 million RON ...
Record investments in energy cannot maintain race for 2030 world target for renewable energy
Thursday, June 27, 2024
Record investments in energy cannot keep up the race for the 2030 world target for renewable energy, according to a press release of EY Romania. Despite the investment increase of 1,800 billion dollars in green energy in 2023, including 660 billion dollars in renewable energy, investments are still level needed to carry out COP28 target to treble renewable energy ...
Listing of Electrica, a landmark moment for Bucharest Stock Exchange
Thursday, June 27, 2024
The authorities laid the foundations for the development of the local energy sector by listing the main Romanian energy companies, based on some essential principles of the capital market: trust, transparency, the application of corporate governance principles, the general director of the Bucharest Stock Exchange (BVB) Adrian Tanase declared on Wednesday."Electrica has demonstrated that the listing helps the company's success. In the last 10 ...
Romania gets almost EUR1.1bl via Modernisation Fund for energy investment
Thursday, June 27, 2024
Romania has received, via the European Union's Modernisation Fund, a first disbursement worth almost EUR 1.1 billion for investing in the development of energy distribution networks, rehabilitation/modernisation of district heating networks, natural gas transmission network, as well as investment in energy-efficient rolling stock, according to a press release of the Ministry of Energy issued on Tuesday.The amount also includes funds for future ...
Margun Enerji enters Romania to develop 150 MW solar power plants
Thursday, June 27, 2024
Margun Enerji from Turkey recently opened a subsidiary in Romania. Margun Romania Climatech, indirectly owned by Margun Enerji, wants to develop a solar power plant project with a capacity of 150 MW in Romania, according to an information from the board of directors of the parent company. The solar power plants developed by Margu in Romania would generate ...
Masdar, partner of Hidroelectrica on solar projects, buys Terna Energy from Greece
Thursday, June 27, 2024
United Arab Emirates renewable energy company Masdar has reached an agreement to buy an initial 67 percent stake in Greek company Terna Energy and is to make an offer to all shareholders for the rest of the stake, Reuters reports. Masdar made the purchase at 30 euros per share, which values the Greek renewable energy company at 2.4 billion ...
Investments of over 13.6 bln. euro for energy infrastructure modernization
Thursday, June 27, 2024
The value of investments made available to the energy system in Romania exceeded 13.6 billion euros in the last year, informs the Ministry of Energy. The Ministry of Energy has made available to the energy system a support of over 13.6 billion euros, non-refundable funds for investments in the entire energy chain. The funding sources included the Modernization ...
EBRD, OTP Bank finance 102 MW wind farm in Romania with EUR 93 M
Thursday, June 27, 2024
The European Bank for Reconstruction and Development (EBRD) and OTP Bank sealed a EUR 93-million financing agreement for the construction and operation of the Urleasca Wind Farm in Braila County, Romania. Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance was the legal adviser. Urleasca Wind Farm SRL, the project company, ...
Deutsche Telekom units support 192 MW of wind in Romania via VPPAs
Thursday, June 27, 2024
Three European units of Deutsche Telekom AG have signed up to procure electricity from a 192-MW wind farm in Romania under cross-border virtual power purchase agreements (VPPAs), https://renewablesnow.com/ ...
OMV improves 2030 estimates
Thursday, June 20, 2024
The Austrian group OMV , the majority shareholder of OMV Petrom, recently announced that it had reviewed its estimates for 2030, because of the more favorable market context for oil, natural gas and refineries, Reuters informs. Before a meeting with investors to be held in London, OMV informed that in 2030 it is counting on a CCS operatinal profit of at least 6.5 ...