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Energy & Environment
Coal production down by over 31% in first ten months of 2020
Thursday, December 24, 2020
Romania's net coal production totaled 2.119 million tons of oil equivalent in the first ten months of this year, by 31.4% (972,000 toe) lower than in the similar period in 2019, according to data centralized by the National Institute of Statistics (INS).During the mentioned period, Romania imported 339,700 toe of net coal, with 208,200 toe (38%) less than the quantity imported in January - October 2019.According to the Energy Strategy, published on the ...
Kazakh-Romanian Energy Investment Fund opens ten new filling stations
Thursday, December 24, 2020
The Kazakh-Romanian Energy Investment Fund (FIEKR), set up by the KazMunaiGaz group to settle a debt issue with the Romanian Government, completed a new filling station close to Bucharest and reached ten new stations inaugurated this year. Operated under the Rompetrol brand, the FIEKR network currently amounts to 30 units, announced Rompetrol Romania - the main subsidiary of KMG International, which ...
EBRD and GCF promote green financing in Moldova
Thursday, December 24, 2020
EBRD and GCF support Moldova’s transition to a low-carbon and climate-resilient economy €5 million loan to MAIB for on-lending to private enterprises and households First EBRD loan under Green Economy Financing Facilities (GEFF) in the ...
Industry requests 4 bln. euro through PNRR for the energy efficiency of buildings
Thursday, December 24, 2020
Some of the most important professional and employers’ associations in the field of energy efficiency of buildings propose to the governmental majority the allocation through the National Recovery and Resilience Plan (PNRR) of the amount of 4 billion euro for the energy efficiency of buildings. According to a press release, the eleven professional and employers’ associations represent ...
ANRE cut the value of the contribution for cogeneration by 24%
Thursday, December 24, 2020
The regulatory body of the energy market, ANRE, reduced the value of the contribution for cogeneration related to the first half of 2021 by 24%. Thus, the value of the contribution for cogeneration that will be applied starting with January 1, 2021 is of 17.12 lei/MWh, the institution announced. ”In the meeting of the Regulatory Committee of the National Energy Regulatory Authority on 16.12.2020, ...
EconMin: Romania will have freedom to choose how it reaches its environment targets until 2030
Thursday, December 17, 2020
The European Union will take into account the energy specifics of each country, and Romania will have the freedom to choose how it will reach the environment targets until 2030, wrote, on Friday, the Minister of Economy, Energy and the Business Environment, Virgil Popescu, on his Facebook page."In the European Council there was an agreement reached regarding the reduction of carbon dioxide emissions by at least 55 pct until 2030. The President ...
Residential electricity price in Romania to rise by some 10%
Thursday, December 17, 2020
The households’ electricity bills will increase by up to 10% after January 1 when the market fully liberalizes, estimates Dumitru Chisalita, president of the energy NGO Intelligent Energy Association (AEI).The end-users have no chance to choose their supplier before the end of the year, he ...
Nuclearectrica signs EUR 50 mln contract with Slovenian electricity supplier
Thursday, December 17, 2020
Nuclear power producer Nuclearelectrica (SNN) signed, on December 14, a contract worth RON 242.5 mln (EUR 50 mln) with the Slovenian company GEN-I, for the supply of "band" (constant power) electricity between January and December ...
Statistics: 5.1pct drop in final electricity consumption in Romania, Oct 31
Thursday, December 17, 2020
The final electricity consumption in Romania was 43.687 billion kWh January through October this year, 5.1 per cent lower than the similar period in 2019, while primary energy resources decreased by 11.9 per cent and electricity resources were lower by 2.2 per cent, according to the National Institute of Statistics (INS).According to the same source, the main primary energy resources totaled 25.767 million tonnes of oil equivalent (toe), on October 31, down by ...
Transelectrica plans EUR 1.2 bln investments by 2029
Thursday, December 17, 2020
Romania’s energy market regulator ANRE approved on December 10 the 2020-2029 Development Plan for the electricity transmission network drafted by Transelectrica, the transport system operator and electricity market operator (through OPCOM). The total value of the investment plan for the period 2020-2029 is RON 5.67 billion (EUR 1.2 bln), out of which EUR 300 million would be financed from the European Union’s ...
Transgaz gets harsh fine for past procurement
Thursday, December 17, 2020
Consiliul Concurentei ruled that the natural gas transport system operator Transgaz must pay a RON 34.2 million (EUR 7 mln) fine, representing 1.85% of the company's 2019 turnover, for irregularities found in connection to procurement procedures carried in 2011. Transgaz explained that the fine is related to its activity in 2009-2011, before it adopted corporate management principles in line with the ...
The Court acquitted Lukoil accused of fraud and money laundering
Thursday, December 17, 2020
The Prahova Court acquitted, in a retrial, the companies Petrotel Lukoil and Lukoil Holland accused of fraud and money laundering in a case initiated by former prosecutor Mircea Negulescu.The sentence is not final and can be appealed by prosecutors at the Ploiesti Court of Appeal, according ...
Romania falls six places in the Climate Change Performance Index
Thursday, December 17, 2020
Romania ranks 30th in the Climate Change Performance Index (CCPI) 2021 developed by Germanwatch, NewClimate Institute, and Climate Action Network. Last year, Romania was at number 24. The CCPI currently evaluates and compares the climate protection performance of 57 countries and of the European Union (EU), which are together responsible for more than 90% of global greenhouse gas (GHG) emissions. It ...
Commission proposes revised rules for cross-border energy infrastructure in line with the European Green Deal
Thursday, December 17, 2020
The European Commission has Tuesday adopted a proposal to ...
Eximbank US could finance investments in energy in Romania, including gas extraction in the Black Sea
Thursday, December 10, 2020
Eximbank US could finance investments projects in energy in Romania, including as regards gas extraction in the Black Sea, a press release of the ministry of economy, energy and business environment says.Minister Virgil Popescu had a working meeting with a delegation of Eximbank US, led by the chairman of the bank, Kimberly Reed. The meeting was also attended by the US ambassador to Bucharest, Adrian ...
Commission calls on BULGARIA, CZECHIA and ROMANIA to comply with the EU rules on emergency stocks of crude oil and petroleum products
Thursday, December 10, 2020
Commission decided to send letters of formal notice to Bulgaria, Czechia and Romania requesting to take action to ensure full application of the EU legislation on oil stocks. The Oil Stocks Directive ...
Commission welcomes arrival of ‘Caspian gas’ to EU countries
Thursday, December 10, 2020
The European Commission welcomed on Friday (4 December) the start of the operations of the Trans-Adriatic Pipeline (TAP), the last stretch of the Southern gas corridor, thanks to which gas pumped from the Shah Deniz offshore gas field in Azerbaijan started reaching Italy. As a key component of the 3,500 km Southern gas corridor, the TAP pipeline became operational on 15 November, ...
Nova Power and Electrogrup – new gas plant worth 7 mln. euro
Thursday, December 10, 2020
Nova Power & Gas and Electrogrup, member companies of the E-INFRA group, announce the start of works at the first natural gas-fired power plant in Campia Turzii, Cluj County, in a project worth 7 million euro. „The Campia Turzii project is our first investment in state-of-the-art natural gas power plants, with increased efficiency and high operational flexibility. The plant will develop a ...
EU opens door to gas and nuclear in search for deal on 2030 climate target
Thursday, December 10, 2020
European Union is offering assurances on funding for poorer members and countries’ ability to choose their own energy mix, as it strives for a deal next week on a tougher target to cut greenhouse gas emissions, according to EU documents and sources. To get on track for its plan to have “net zero” emissions by 2050, the EU’s executive Commission says the bloc must cut its net emissions at ...
Wider use of carbon markets to boost net-zero future – EBRD paper
Thursday, December 10, 2020
If more countries start recognizing the catalytic potential of carbon markets, the cost of achieving their climate mitigation targets will go down. This will make it easier for countries to step up ambition of their climate efforts and aligning more closely with the 1.5 °C temperature threshold of the Paris Agreement when communicating new or updated national plans. Now that the ...