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Energy & Environment
Romgaz informs Spain's Embassy about delays registered by Duro Felguera in construction of power plant in Iernut
Thursday, December 19, 2019
Romgaz informed Spania's Embassy about the delays registered by Duro Felguera company, which is building a new gas power plant in Iernut, in consortium with Romelectro, representatives of the gas producer said."Spain's Embassy has been announced in relation to this situation. Romagaz management is carrying out all the efforts so that the project be completed as quickly as possible," officials with the company stated.Two days ago, the Board of ...
CE Oltenia asks emergency loan from Treasury
Thursday, December 19, 2019
State-owned coal and power complex CE Oltenia, Romania’s second-largest energy producer, has reportedly applied for a RON 1.1 billion (EUR 230 million) emergency loan from the Finance Ministry to be disbursed by the State Treasury from own reserves, according ...
Primary energy resources up 2pct in January-October
Thursday, December 19, 2019
During 1.I – 31.X.2019, primary energy resources increased by 2.0%, while those of electricity decreased with 4.2% as compared to the same period of previous year. Primary energy resources increased by 2 per cent, in the first ten months of the current year, and electricity decreased by 4.2 per cent, against the same period of 2018, according to data released by the National Institute of Statistics (INS) . The ...
ENEL CHIEF FINANCIAL OFFICER NAMED CO-CHAIR OF U.N. GLOBAL COMPACT’S CFO TASKFORCE FOR SDGS
Thursday, December 19, 2019
Enel Chief Financial Officer Alberto De Paoli was named Co-Chair of the United Nations Global Compact’s CFO Taskforce, the first-ever global initiative involving CFOs with the aim to start a dialog among business leaders to promote sustainable corporate finance and scalable investments in pursuit of the UN Sustainable Development Goals (SDGs), the company informs în a press release sent to ACTMedia. The CFO Taskforce, which was kicked ...
Romgaz wants a 300 million euro methanol plant of and new wind farms
Thursday, December 19, 2019
Romgaz plans to invest towards diversifying the company, one of the main objectives being a methanol plant of about 2-300 million euro, says the company’s general manager, Adrian Volintiru. He told energynomics.ro that the new government has not yet asked the company for additional dividends. “In addition, the new minister supports our investment policy,” he said. The methanol ...
Energy Minister: By clearing barriers in Ordinance 114 we want to create free market mechanisms
Thursday, December 19, 2019
The authorities want, by removing the barriers brought by GEO 114, to create the free market mechanisms through which the prices in the energy market are self-regulated, said Economy Minister Virgil Popescu. “The fact that we have the Oltenia Energy Complex, which has a very high cost of CO2 certificates, brings the price in the market up and obviously all the producers line up and go up. Who suffers? The industrial customers, the competitiveness ...
Six priorities for ANRE in 2020
Thursday, December 19, 2019
On December 4th, the energy community in Romania celebrated the results of the industry at the 7th edition of the Energynomics Awards! At the opening of the Gala, Zoltan ...
João Manso Neto, CEO EDP Renewables : A combination of CfD and PPAs would boost Romania’s appeal for foreign investment
Thursday, December 19, 2019
For ten years, EDP Renewables has been strongly committed to contributing to the gradual growth of renewable energy in Romania. These efforts are not simply a matter of being green or not, but rather an endeavor to ensure that regulatory conditions are met. Furthermore, they also offer an economic solution for the economy as a whole, as well as for the sustainable development of local communities. energynomics.ro conducted a short interview with Mr. João ...
Ciolos: Europe’s Green Deal is an opportunity for renewal and reinvention
Thursday, December 12, 2019
The Green Deal communication by the European Commission is a priority initiative which must mark the opening chapter for a transformational project. The aim of this project is to deliver prosperity and a brighter, cleaner future for our continent, writes Dacian Ciolos for euractiv.com. Dacian Ciolosis the president of Renew Europe, the third-largest political group in the European Parliament. The concept bears the ...
Prosecutors close criminal case related to historic debt of Petromidia refinery
Thursday, December 12, 2019
Romania’s Directorate for Investigating Organized Crime and Terrorism (DIICOT) has closed the criminal investigation against Romanian company Rompetrol Rafinare, which operates the country’s biggest refinery – Petromidia, and its parent-group KazMunayGas International (KMGI). The case was related to a historic debt of EUR 571 million (USD 603 million) that the Petromidia refinery had to repay to the Romanian state, dating back from ...
ENEL X LITHIUM-ION BATTERY INNOVATION PROJECT APPROVED BY EUROPEAN COMMISSION WITHIN IPCEI
Thursday, December 12, 2019
Enel X is one of the 17 industrial players of the pan-European project IPCEI, under which up to 3.2 billion euros of funding approved by the European Commission will be provided to support the development of a sustainable value chain for lithium-ion batteries Under the project, Enel X will develop tools for fault prediction and degradation modeling for lithium-ion batteries to increase their useful life and ...
Pre-accelerator programme for start-ups in clean energy InnoEnergy PRIMER of EC to start in Bucharest in January
Thursday, December 12, 2019
The start-ups which develop products or services in the areas of clean energy, smart city, mobility, smart electric grids, nuclear instrumentation will be able to participate in January 2020 in Bucharest and in February in Brasov in the InnoEnergy PRIMER, a pre-accelerator programme of InnoEnergy, a European Commission initiative.According to a press release of InnoEnergy Romania, the main objective of this programme is to support innovative people in developing ...
Rompetrol Well Services, offshore oil services in the Black Sea
Thursday, December 12, 2019
This year Rompetrol Well Services (RWS) resumed and expanded the range of oil well services provided for upstream operations in the Black Sea through the recent contribution to the extensive decommissioning project of the Gloria platform. RWS completed the works for securing and preserving the wells related to the marine platform - owned by OMV Petrom in safe conditions and subsequently their cementing. The works were completed successfully with ...
Official says investors call for re-consideration of classified info on mineral and oil resources
Thursday, December 12, 2019
Romania's government would push for a re-consideration of categories of classified information regarding mineral, oil and gas resources. This comes at the request of investors in these sectors, which was made during working sessions with representatives of the government, a top government official said .Ionel Danca, head of the chancellery, said that players in mining, gas and oil sectors have complained about difficulties in attracting investment due to the ...
The state to buy CEZ group’s local assets
Thursday, December 12, 2019
The company that manages the Romanian state’s minority stakes in former state energy companies privatized to foreign investors - SAPE has submitted a non-binding offer to purchase the assets of Czech utility group CEZ in Romania, according to unofficial sources quoted ...
MET interested in CEZ’s Romanian wind farm
Thursday, December 12, 2019
Swiss-owned energy and gas supplier MET Romania Energy, one of the largest energy suppliers on the free market, is interested in the acquisition of assets put up for sale by CEZ Romania, particularly the Fântânele-Cogealac wind farm. In this regard, the company has sent a non-binding letter to the Czech group, MET general director Petre Stroe said in a meeting with the media. "We are interested in CEZ assets, especially the wind farm. We ...
US readies sanctions against Nord Stream 2 and Turkish Stream
Thursday, December 12, 2019
The US House and Senate agreed on Monday (9 December) a defence bill that would force Donald Trump’s administration to impose sanctions on companies involved in the Russian-sponsored gas pipelines Nord Stream 2 and Turkish Stream, euractiv.com reads. The text agreed by the House and Senate defence committees concerning the sanctions is part of the $738 billion 2020 draft US defence budget. It reads that sanctions are introduced in defence of the ...
ANRE ready to implement any transition measure on energy market once Ordinance 114 repealed
Thursday, December 5, 2019
The Romanian Energy Regulatory Authority (ANRE) is ready to implement any transition measure the gov't will take after the abrogation of the Emergency Ordinance (OUG) 114 provisions in the energy sector, on Wednesday night said this energy watchdog's Vice President Zoltan Nagy-Bege."I hope we will start the year 2020 with a repealed OUG 114, with transition measures that can be enforced in the shortest time possible. As the energy regulatory authority, we are ...
Micula brothers manage to seize 67 M shares owned by the state at Nuclearelectrica
Thursday, December 5, 2019
Micula brothers and their companies have managed to seize 67 million shares owned by the Romanian state at domestic energy giant Nuclearelectrica, with a nominal value of RON 10 per share. This means that the seizure was set on 27% owned by the Economy Ministry at ...
The Romanian-Kazakh Energy Investment Fund, 20 fuel station in Romania
Thursday, December 5, 2019
The Romanian-Kazakh Energy Investment Fund inaugurated in Timis county a new fuel station, an investment of approximately 1.3 million USD ensuring the creation of 16 new jobs. Recently, the fund opened another unit in Targu Mures locality. The new station is located at Ghiroda, an important road junction for the traffic in the area – the connection to the Timisoara airport and ring road, highway A1, as well as to the European road E70 to ...