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Energy & Environment
Conpet, oil pipeline network operator, to quadruple capital
Thursday, June 6, 2019
The shareholders of Romanian oil transport company Conpet Ploiesti, the owner of the country’s oil pipeline network, will vote in an Extraordinary General Meeting on July 4 on increasing the company’s share capital almost four times, from RON 28.6 million (EUR 6 mln) to RON 130.3 million (EUR 27 mln). The capital increase will be operated to include in the capital the value of the land the company owns and uses, not yet accounted as own capital. The state controls ...
CE Oltenia announces that all its 11 energy groups will meet EU requirements in March 2020
Thursday, June 6, 2019
In 2018, 3 complete NOx reduction plants were implemented and put into operation at energy groups no. 5 and 7 – SE Turceni and energy group no. 6 – SE Rovinari, announces EC Oltenia, stating that all its energy groups will comply with the current requirements of the European Union starting with March 30, 2020. In a press release, the EC Oltenia presents the current status of environmental investments in order to comply with the EU’s NOx emission values. At ...
IRENA :Solar, onshore wind energy becoming cheaper than new fossil fuel sources
Thursday, June 6, 2019
Electricity generated by onshore wind and solar photovoltaic (PV) technologies will be consistently cheaper in the next year than that generated by any kind of fossil fuel source, according to a report by the International Renewable Energy Agency (IRENA), cited by Reuters. IRENA’s report provides new evidence of the speed of the price decline for renewable energy sources, driven by higher production and technological improvements. “Onshore wind and solar PV are ...
Romanians will buy 20 percent more electric charging stations this year compared to 2018
Thursday, June 6, 2019
The search for a clean life is pushing Romanians towards electric cars and off-the-grid solutions for households. According to Dan Tudose, manager and owner of E-acumulatori.ro, Romanians will buy 20 percent more electric charging stations this year compared to 2018. “According to statistics, currently there are 1,100 electric cars in our country, with about 390 charging stations available. In 2018, 1,000,000 electric cars were registered in the ...
Tariceanu asks to reopen GEO 114 and sovereign fund discussions and privatize 15-20% of Hidroelectrica
Thursday, June 6, 2019
Leader of ALDE ( minor party at rule) Calin Popescu Tariceanu has announced that the ALDE remains in the coalition with the PSD at the helm of the government. He argued that he would ask Prime Minister D?ncil? to renounce definitively the idea of the GEOs on justice, but also to reopen discussions on the GEO 114. Tariceanu said that from the GEO 114 only the provisions related to ROBOR and the capping of the gas price for household consumers should remain, while the rest should disappear, ...
New and innovative platform to benchmark high energy performance buildings
Thursday, June 6, 2019
With the target established by the European Commission (EC) of a full decarbonisation by 2050, the EU recognises the need to steer to a high-quality building stock. However, it is often the case that buildings do not perform as originally planned, because of their design and/or their use. The H2020 EU-funded project ExcEED launches a new platform orchestrating seamless integration of heterogeneous data related to building energy performances. The platform aims at accelerating energy ...
ANRE modifies the legislation of gas exchanges so that contracts with delivery periods of over one year can be concluded
Thursday, June 6, 2019
The National Regulatory Authority for Energy (ANRE) initiated a draft order for the amendment of the regulations of the centralized natural gas trading platforms, so that it is possible to conclude contracts with ...
E&Young study : Romania recycled only 14% of municipal waste during the past eight years
Thursday, June 6, 2019
Romania has not managed to increase its recycling rate over the last eight years, according to an E&Young study. The targets imposed by the European Union in the field of waste recycling, as of 2008, require that until 31 December 2020 EU countries achieve, at least for paper, metal, plastic and glass waste from municipal waste, a level of readiness for re-use and recycling of at least 50% of the total amount of waste generated. “However, according to Eurostat, ...
Romania imports over two million toe in Q1 2019
Thursday, May 30, 2019
In the first three months of 2019, Romania imported some 2.035 million tonne of oil equivalent (toe) by 82,200 toe (3.9pct) lower than the one imported in the similar period of 2018, according to data released by the National Institute of Statistics (INS).The crude oil output totalled in the mentioned period 829,000 toe, by 0.1pct (1,200 toe) higher than the previous year's one.The main raw energy resources have accounted for 8.725 million toe, down by 172,800 ...
Romania's OMV Petrom, GSP Offshore sign 5 mln euro deal for Gloria rig decommissioning
Thursday, May 30, 2019
Romania's top oil and gas group OMV Petrom [BSE:SNP] said on Thursday it has signed a 5 million euro ($5.6 million) contract with local company GSP Offshore for the decommissioning of the Gloria offshore platform, seenews.com informs. The platform has reached the end of its economic lifetime limit after more than 40 years in service, OMV Petrom said in a statement. The decommissioning is a complex process, which will be undertaken for the first time in ...
Electric car usage leads to higher sales of charging stations
Thursday, May 30, 2019
The search for a clean life is pushing Romanians towards electric cars and off-the-grid solutions for households. According to Dan Tudose, manager and owner of E-acumulatori.ro, Romanians will buy 20 percent more electric charging stations this year compared to 2018. “According to statistics, currently there are 1,100 electric cars in our country, with about 390 charging stations available. In 2018, 1,000,000 electric cars were registered in the European Union, with 8 vehicles ...
Energy ministry asks investors for KPIs for European ETS funds by June 1 – too short of a term
Thursday, May 30, 2019
The Energy Ministry has urged investors to provide the main investment indicators for EU ETS in just two weeks to meet the June 1 deadline demanded from Brussels, industry sources told energynomics.ro. “It’s a too short term, we cannot calculate all these indicators so quickly,” the quoted source said. As ...
EU-ETS system allows for investment worth more than 45 billion euros by 2030
Thursday, May 30, 2019
The European Union offers member states at least 45 billion euro through the EU ETS to meet its climate targets for 2030, according to a study by the European Roundtable on Climate Change and Sustainable Transition (Ercst) and Central Europe Energy Partners (CEEP). According to the document consulted by energynomics, if the value of an ETS allowance is of 20 euro (the minimum scenario), Romania has at its disposal until 2030 about: 2.5 billion euro via the Solidarity Provision, ...
Deputy Iulian Iancu announces the Law 123 will be changed before the end of June
Thursday, May 30, 2019
Energy distributors will be forced to connect free of charge the consumers within 2.5 km of the grid. The Committee of Industries and Services of the Chamber of Deputies is preparing to amend the Law on Electricity and Natural Gas. The amendment of Law 123 is imperative, and is proposed to be finalized until the end of June, before the parliamentary holiday, the chief of the Commission, Iulian Iancu, said. Invited to the launch of the ...
GEO 114 diminished the gas market liquidity and increased prices for companies
Thursday, May 30, 2019
The amount of gas available to non-household customers on centralized markets has significantly decreased, which has led to price increases, as producers have been obliged, as of 1 May 2019, to sell gas to households and thermal energy on the balancing market at the price of 68 lei, in the context of the implementation of the new legislative provisions imposed by Ordinance 114/2018. In the period of January 2019 – April 2019, Transgaz purchased more expensive gas than the ...
CEZ plans to sell all Romanian assets
Thursday, May 30, 2019
The Czech utility group CEZ plans to sell its assets in Romania as a part of the strategy to increase its operations profit in the coming years. The plans include the sale of assets in Romania, Bulgaria, Turkey and Poland and focus on the Czech market, as the group announced on Monday morning. According to an answer to Agerpres request, the company says that the decision it is not related to the local market and there is no pressure to withdraw investments in a short time. CEZ ...
EY Study: Renewable energy is taking strides towards a subsidy-free era
Thursday, May 30, 2019
The renewable energy sector is entering a new phase of subsidy-free growth across the world, according to the 53rd EY Renewable Energy Country Attractiveness Index (RECAI). Mainland China and the US remain at first and second positions respectively on the top 40 ranking, while France moves up two positions to third from fifth, led by a new focus on floating offshore wind capacity and doubling of its annual targets for onshore wind capacity additions. Other notable gains in position ...
Study: Romanians think their country is on the right path in transition to renewable energy
Thursday, May 23, 2019
Romanians consider with optimism the country's progress in the transition to the use of energy from renewable sources and already consider that half of the distance has already been completed, according to an opinion poll made by E.ON and Kantar EMNID in ten countries. European countries have set ambitious objectives for the passage from the production of energy based on conventional sources (coal,gas) to energy from renewable sources (wind, water , ...
Works on the BRUA gas pipeline accelerated
Thursday, May 23, 2019
Transgaz claims that work at BRUA is accelerating, and the deadline for completion is kept on for December 31, 2019. Transgaz also says workers from Ukraine, Macedonia, Montenegro and Turkey have been brought and that there are currently more than 5,000 people on construction sites, according to hotnews.ro. “The works on BRUA gas pipeline project – Phase I continue, these being even ...
IRE calls on all relevant associations to work together for energy sector
Thursday, May 23, 2019
The Romanian National Institute for the Study of Energy Sources and Use - IRE, Romania's representative at Eurelectric - the Union of Electricity Industry, calls for mobilization on all relevant associations to work together for the energy sector because they believe that a common voice is stronger and better heard at the level of decision makers."We are experiencing a complicated period worldwide. Climate change, which we all feel, is seen as one of the greatest ...