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Energy & Environment
European Commissioner for Energy: BRUA gas pipeline, fundamental for EC, regardless of its route
Thursday, April 4, 2019
The BRUA gas pipeline is fundamental for the European Commission and it is important for the gas to reach Austria regardless of the route to be decided, European Commissioner for Climate Action and Energy Miguel Arias Canete said on Tuesday in Bucharest."BRUA is a fundamental project for the European Commission because it will allow natural gas to reach Hungary and Austria from Bulgaria and Romania. At the moment we are not discussing how the gas reaches Hungary, ...
Power transmission and distribution networks need EUR 10 billion investment
Thursday, April 4, 2019
Electricity transmission and distribution networks needs investments of more than EUR 10 billion to replace infrastructure with an outdated life, according to a press release by the Association of Energy Utilities Companies (ACUE). ACUE believes that the Government’s decision to increase the ROI of invested capital is a message addressed to electricity and natural gas transmission and distribution operators to invest in networks and diversify ...
Reuters: Black Sea Oil & Gas gets Romania gas project permit, but frets over new taxes
Thursday, April 4, 2019
Romanian-based Black Sea Oil & Gas received a construction permit from the country’s energy ministry on Friday for an offshore gas project, but it said new taxes could make it hard to go ahead with the development, Reuters correspondent reports. The company, controlled by private equity firm Carlyle Group LP, discovered two wells holding an estimated 10 billion cubic meters of gas in 2008 some 120 kilometers offshore in the Black ...
Gov't caps gas price only for households and district heating plants
Thursday, April 4, 2019
The government decided at its Friday sitting to amend OUG No. 114/2018 so that the price for domestic gas be capped at 68 lei per MWh only for households and district heating plants that supply heat to households, Energy minister Anton Anton announced at the end of the meeting.OUG No. 114/2018 initially capped the gas price at 68 lei per MWh for both household and industrial consumers.The Energy minister also announced that OUG No. 114/2018 will be ...
Romania pilloried for coal power leniency
Thursday, April 4, 2019
Romania could face legal action after environmental groups lodged a complaint with the EU over allegedly lax penalties against coal power polluters in the Eastern European country, euractiv.com informs. EU rules on industrial emissions say it is up to national governments to decide how to penalise installations that break pollution limits. According to a complaint filed by green groups ClientEarth and Greenpeace Romania, fines ...
Nuclearelectrica will pay almost 120 million dollars to the company General Electric for the maintenance of unit 1 and 2 in Cernavoda
Thursday, March 28, 2019
Nuclearelectrica signed with General Electric Global Services GmbH/GE Global Parts&Products GmbH an agreement for the maintenance and repairs of some of the parts of unit 1 and 2 CNE Cernavoda, worth almost 120 million dollars, according to a report sent on Tuesday to the Stock Exchange Bucuresti. The agreement last for eight years.‘The National Company Nuclearelectrica SA (SNN) informs the shareholders and investors on the signing of an agreement with ...
Government to pay EUR 24 mln to close unprofitable coal mines
Thursday, March 28, 2019
Energy Ministry prepares to pay RON 113 million (EUR 24 million) this year to the two major coal energy producers in Romania, Oltenia and Hunedoara Energy Complexes, in order to finance the closure of uncompetitive coal mines. These amounts are granted on the basis of a European Commission decision approved in December 2010 on state aid to facilitate the closure of uncompetitive coal ...
PATRES: Eliminating the 2% contribution to coal energy producers is a clear discrimination
Thursday, March 28, 2019
Eliminating the 2% contribution to coal power producers represents clear discrimination against other market operators, and this tax should be canceled for everyone, says Martin Moise, vice president of the Organization of Employers for Energy Generation from Renewable Sources in Romania (PATRES). “It is obvious that the removal of the coal-only contribution is a discrimination and it may be state aid. I am ...
Romanians pay more than the European average for duty-free fuels
Thursday, March 28, 2019
The price of duty-free fuels in Romania continues to be higher than the European Union average, and in the case of gasoline, the price increase over the last four weeks was higher than that at the level of the EU block, according to the European Commission’s Oil Bulletin. In Romania, gasoline without taxes currently costs EUR 0.536 per liter, while the EU average is EUR 0.518 per liter. For comparison, in mid-February, gasoline was EUR 0.501 ...
ANRE: household gas and electricity prices won’t increase this year
Thursday, March 28, 2019
The price of gas and electricity for household consumers won’t change before the end of this year, according to National Energy Regulation Authority vice president Zoltan Nagy-Bege. “For households, prices won’t grow. For electricity, the March 1 prices have already been approved and have not been changed, and we’ll maintain this price until the end of the year,” said Bege. He said the same thing ...
ANRE: Businesses Ioan Niculae, among domestic gas beneficiaries, at a capped price
Thursday, March 28, 2019
Only 81 companies, both gas suppliers and industrial consumers, will have something to gain as a result of the controversial emergency ordinance 114, which caps the price of gas sold by producers at RON 68/MWh, Hotnews.ro reports. The 81 companies will receive cheap gas directly from consumers, according to a decision by the National Energy Regulation Authority (ANRE). Other industrial consumers ...
ANAR; Romania owns 181 dams of exceptional importance; 2223 dams are in the C and D category
Thursday, March 21, 2019
Romania has at present 181 dams of exceptional importance, exceptional importance (category A and B) as well as 2,223 of C and D category ( normal and reduced importance), show the data of the National Administration Apele Romane (‘Romanian waters’) (ANAR) published on Wednesday. ‘The ministry of waters and forests (MAP) and the National Administration ‘apele romane’ (ANAR) Monitor and control through the Inspection of ...
Competition council analyses the taking over by Ade Gas Oil of some assets
Thursday, March 21, 2019
The competition council announced on Tuesday that they analyse the taking over by Ade gas Oil of some assets owned by Azalis, Eurogenetic and Dolchimex. ‘The competition council analyses the trading through which Ade gas Oil company takes over some of the assets owned by Azalis, Eurogenetic and Dolchimex, assets which belong to the activity of trading en gros of GPL, including employees’ the press release ...
Nuclearelectrica signs memorandum to evaluate development of small modular reactors in Romania
Thursday, March 21, 2019
Nuclearelectrica signed a Memorandum with NuScale Power for an exchange of technical and economic information on the construction of small modular reactors (SMR), Nuclearelectrica informs in a press release. The purpose of the document is the evaluation of development, authorization and construction of SMR, as a long term potential solution for Romania. According to the press release, this accord represents a sign of Romania's ...
Govt. announced 2019-2030 energy sector strategy draft
Thursday, March 21, 2019
omania’s Energy Ministry announced on Monday, March 18, that it has launched in public debate the draft "Energy Strategy of Romania 2019-2030, with the perspective of ...
RWEA: Romania may be “greener” at lower costs
Thursday, March 21, 2019
According to a study by the Romanian Wind Energy Association (RWEA), the cost of achieving a 35% share of green energy by 2030 is down by 18% compared to the current national strateg, energynomics.ro informs. “Last week was the second consultation period on the PNIESC project 2021 – 2030, in which Romania proposes a renewable energy share of only 27.9%, according to the current scenario. The results of an independent ...
Romania missed out on RON 7 billion in natural gas royalties in the last decade, says ANRM advisor
Thursday, March 21, 2019
The Romanian budget has missed out on RON 7 billion in the last decade due to fact that the reference price for natural gas, used for the payment of royalties, has not been updated since 2008, according to Dorinel Ursarescu, advisor to the president of the National Agency of Mineral Resources (ANRM), at the ‘Black Sea Energy Resources Conference’ organized by PSNews. “Producers were paying royalties at a price of RON 495/1,000 cubic ...
2019 edition of “Investing in renewable energy projects in Europe” guide
Thursday, March 21, 2019
Ten years after the European Union vowed to produce 20 percent of its energy from renewable sources by 2020, it has made huge progress toward that goal. Now, a new challenge beckons: In 2018, the EU formally set itself a binding target to achieve 32 percent of energy from renewables by 2030. The latest edition of Dentons’ “Investing in renewable energy projects in Europe” guide surveys an industry at a crossroads. In some ...
Romanians could be forced to pay EUR 340 mln per year on electricity bills to subsidize green energy projects
Thursday, March 21, 2019
Romanians could be forced to pay EUR 340 million each year on their electricity bills to subsidize green energy projects in the country, according to a project released by the Ministry of Economy. The new subsidy scheme is designed to support new low-carbon emission electricity projects. This mechanism, called “contracts for difference”, offers a minimum guaranteed price for low-carbon energy ...
Romanian gas transporter proposes 51% dividend payout ratio
Thursday, March 21, 2019
The management of Romania’s state-controlled company Transgaz, the operator of the natural gas transport network, proposed RON 255 million (EUR 54 million) dividends to its shareholders from last year’s net profit. The company recorded a net income of RON 496 million (EUR 106 million) and proposed a 51% dividend payout ratio. The gross dividend yield, for the current price of the company’s shares, would be ...