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Energy & Environment
OMV Petrom is ready to respond to COVID-19 and the new market environment
Thursday, March 26, 2020
Specific measures have been implemented to ensure security of supply and to protect our employees and customers Proven track record of managing impact of global crises; integrated business model and leaner organization; intensified efforts to reduce financial impact OMV Petrom, the largest energy company in South-Eastern Europe, implemented a series of measures to ...
ENEL ROMANIA DONATE 100,000 EUROS TO SUPPORT THE ACTIVITY OF MATEI BALS HOSPITAL IN FIGHTING COVID-19
Thursday, March 26, 2020
Enel Romania joined the efforts of the medical teams, in order to support their fight against COVID-19 and their struggle to heal the patients infected. Therefore, Enel Romania, through its supply and electricity distribution companies, donates 100,000 euros to support the activity of Institutul National de Boli Infectioase - Prof. Dr. Matei Bals. The donation will be made through the Association “Societatea de boli infectioase si ...
Intelligent Energy Association: COVID-19 crisis will generate bankruptcy among gas suppliers
Thursday, March 26, 2020
Dozens of natural gas suppliers risk bankruptcy as their customers no longer want to pay for the consumed hydrocarbons and unilaterally denounce the contracts, amid the decree of the state of emergency by President Klaus Iohannis, in the context of the COVID-19 pandemic, reveals a press release of the Romanian Intelligent Association. At the same time, the economic crisis will create a growing vulnerability for domestic gas consumers, amid the ...
TeraPlast inaugurates the photovoltaic park developed together with E.ON. in Q2
Thursday, March 26, 2020
TeraPlast will inaugurate the photovoltaic park from Saratel in the second quarter (Q2) of this year, told energynomics.ro Alexandru Stanean, CEO of the group of companies with 100% Romanian capital. “At the end of 2018 we signed an agreement with E.ON Energia Romania, worth 1.9 million euro, for energy efficiency solutions that involve the implementation of one of the largest photovoltaic power generation systems in Romania. Thus, on the roof of ...
Hidroelectrica launches new offers of electricity supply, with fixed prices
Thursday, March 26, 2020
Hidroelectrica launched , under the slogan “Join the green revolution”, new offers of electricity for both domestic and non-domestic customers, the company announced. “Due to the uncertainties regarding the evolution of the economy in the context of the drastic measures to stop the spread of COVID 19, Hidroelectrica wants to ensure stability to its customers by ensuring continuity in the supply of electricity and new offers,” ...
The decree on the state of emergency includes the possibility of energy price capping
Thursday, March 19, 2020
The Presidential Administration published on Monday the decree signed by the president Klaus Iohannis on establishing the state of emergency in the territory of Romania, which stipulates that “during the state of emergency, prices may be capped on medicines and medical equipment, on food of strict necessity and on public utility services (electricity and heat, gas, water supply, sanitation, fuels, etc.), within the limit of the average price of the last 3 months before ...
Europe warned about virus impact on clean tech
Thursday, March 19, 2020
Governments across Europe should keep clean energy top of mind as they consider measures to protect their economies against a likely recession caused by the coronavirus, the International Energy Agency (IEA) has said. The European Commission is paying close attention to the economic impact of the coronavirus, saying border shutdowns risk disrupting entire product value chains – ranging from automotive to agriculture and food. And this is valid ...
2020 could be the first down year for solar since 1980s
Thursday, March 19, 2020
The solar PV sector is expected to be hardest hit by the economic slowdown caused by the coronavirus, as solar PV modules are chiefly manufactured in China, which has temporarily shut down factories to contain the spread of the infection. BNEF cut its global solar demand forecast for 2020 by 8% – from 121-152GW to 108-143GW, saying “this could make 2020 the first down year for solar capacity addition since at least the ...
Electricity imports up 48 pct this January
Thursday, March 19, 2020
During 1.I – 31.I.2020, primary energy resources increased by 2.0%, while those of electricity increased by 2.5% as compared to the same period of previous year. Romania imported this January 0.795 TWh of electricity, by 48.6 percent more compared to the same month of the year before, the National Institute of Statistics (INS) said on Friday.The domestic output amounted to 5.3 TWh, down 2 percent ...
General turnaround of the Petromidia refinery, programmed by Rompetrol Rafinare
Thursday, March 19, 2020
Rompetrol Rafinare, a member company of the KMG International Group, will stop between March 13 and April 30, 2020 the production activity of the Petromidia N?vodari refinery and the petrochemical division, for the scheduled general turnaround. At the same time, the Vega Ploie?ti refinery will also partially reduce its production activity for a series of turnaround works, but also due to the reduction of raw / semi-finished materials delivered by the ...
New complaints submitted to EC for possible unlawful state aids granted to Oltenia Energy Complex
Thursday, March 19, 2020
Bankwatch Romania addressed the European Commission (EC) to analyse the state aid granted to Oltenia Energy Complex (OEC) by the Romanian Government for expropriations for coal mine expansions and the payment of CO2 emissions certificates (EU ETS). These are the expropriations for the extensions of Jil? Nord, Jil? Sud, Ro?ia and Ro?iu?a coal mines in 2015 and 2018, subsidized by Government Decisions, but also for the ash deposit in the Monastery ...
Liberty Steel – Sidex invests 50-100 million euro in renewables
Thursday, March 19, 2020
One of the strategic projects envisaged by Liberty Steel, part of the GFG Alliance, as part of the 1 billion euro plan for the development of the Galati steel plant, aims at significant investments in renewable energy projects, of about 50 to 100 million euro. According to the general director of Liberty Gala?i, Bogdan Grecu, the purpose of these investments is to reduce the carbon footprint of the company and also to provide energy resources at ...
CE Oltenia will enter restructuring with a new management
Thursday, March 19, 2020
The Supervisory Board of the CE Oltenia could decide at the meeting at the end of March to suspend the functioning of the management board, a measure that will be approved in the general meeting of shareholders, later to enter into force, told energynomics.ro the president of the Supervisory Board (SB) of CE Oltenia, Dumitru M?rculescu. Sorin Boza could not be contacted. “There is a material of the control body of the Ministry of Energy … ...
EU allots 60% non-reimbursable funds for cogeneration plants in Romania
Thursday, March 12, 2020
As Romania has recorded the highest electricity price growth in EU for heavy consumers, European Union is offering 60% non-reimbursable funds for the heavy energy consumers, up to 15 mln. EUR, through the POIM 6.4 financing axis, which can be invested in developing their cogeneration plants of high efficiency (CHP). This will allow the companies in the production sector to produce their own electrical and thermal energy for their activity and also to obtain huge cost cuts to their energy ...
Electrica Group: net profit of RON 207 million in 2019
Thursday, March 12, 2020
In 2019, Electrica Group achieved a consolidated net profit of RON 207 million, 71.2% up compared to the budgeted value for 2019, respectively 10.3% less than in 2018, based on the audited consolidated financial statements. The consolidated net profit registered in 2019 decreased compared to the level of the previous year, although EBITDA recorded a 5.5% growth, mainly due to the increase in depreciation and amortization expenses, as well as to the increase in net finance costs. The ...
Nuclearelectrica aims at inclusion in FTSE Russel index
Thursday, March 12, 2020
Nuclearelectrica National Company (SNN) is aiming to be included in the FTSE Russel index of the London Stock Exchange and for this purpose it will benefit, starting March 11, from the issuer's market making services provided by SSIF BRK Financial Group (BRK), one of the most active brokers on the Bucharest Stock Exchange (BVB) and, at the same time, market maker for two more companies listed on the BVB, informs a release of the company."Nuclearelectrica's shares were the most ...
Antitrust: Commission accepts commitments by Transgaz to facilitate natural gas exports from Romania
Thursday, March 12, 2020
The European Commission has made commitments offered by Transgaz legally binding under EU antitrust rules. The company will make available to the market significant firm capacities for natural gas exports from Romania to neighbouring Member States, in particular Hungary and Bulgaria. The Commission announced a formal investigation ...
Romania grants particular importance to the promotion of nuclear non-proliferation
Thursday, March 12, 2020
Romania grants a particular importance to the promotion of nuclear non-proliferation, both through the implementation of the dedicated Treaty, as well as by active participation in the international and regional regimes and agreements meant to consolidate nuclear non-proliferation, is the message sent, on Thursday, by the Ministry of Foreign Affairs (MAE) upon the anniversary of 50 years since the document's entry into force."Today marks 50 years since the entry into force of the ...
Minister Popescu: OMV will not withdraw from the Black Sea project
Thursday, March 12, 2020
Designated Minister of Economy, Virgil Popescu, claims that the issue of withdrawal from the Black Sea was not even approached, in Tuesday’s discussion with OMV chief Reiner Seele and that the investors’ representatives did not submit any deadline in which they should to change the Romanian legislation so as to take the decision to extract gas. “It was a discussion regarding the OMV priorities in Romania, what investments they want to make. (OMV chief, Reiner Seele) ...
CE Oltenia plans 310MW PV parks
Thursday, March 12, 2020
Romanian coal and power complex CE Oltenia plans to achieve the restructuring and decarbonisation targets, among others, by developing four photovoltaic (PV) parks, to be located on contaminated land such as the areas currently used to store sludge and ash produced by its thermal power plants, and a tailings dump, where residues from the coal mining operations are ...