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Energy & Environment
Romania renews license for controversial gold mining project, sets higher royalties
Thursday, June 27, 2019
Rosia Montana Gold Corporation (RMGC), the developer of the gold mining project at Ro?ia Montana, in western Romania, obtained from the country’s mineral resources agency ANRM an addendum to the concession license for the gold exploitation. The document extends the validity of the license for another five years and increases the fee charged by the state on the value of the mining ...
EU recommends Romania a 34% target for RES, RWEA and PATRES demand firm commitments
Thursday, June 27, 2019
The European Commission’s recommendations on PNIESC 2021-2030 are a reconfirmation of Romania’s significant potential in the field of renewable energy production, with a 34% share being an encouragement for a fair ambition for the future, but also for the efforts made so far for the development of the current renewable capacities, argues Claudia Brându? – president, Romanian Wind Energy Association (RWEA). “We note that ...
Gas regulated price dips by over 5 pct with 1 July
Thursday, June 27, 2019
The gas price is going to drop by over 5 percent as of July 1 for all the regulated consumers, on Monday decided the National Energy Regulatory Authority (ANRE)."The ANRE regulation committee has endorsed in its Monday sitting (24 June 2019) the prices for the regulated natural gas supply to the household consumers, valid as of 1 July 2019. So, the gas prices for over 3 million household consumers having their annual consumption below 280 MWh, calculated in ...
Razvan Nicolescu is the new Central Europe leader for gas, oil and chemicals sector
Thursday, June 27, 2019
Razvan Nicolescu, newly appointed partner with the Consulting practice of Deloitte Romania, also takes on a regional role, by becoming Central Europe leader for gas, oil and chemicals sector. “Becoming a partner is the highest accolade in one’s career in professional services as it acknowledges the ultimate level of technical expertise, client service and talent development. I welcome Razvan in our partners group and I am confident his ...
Iohannis promulgated Law 120/2019 meant to facilitate Transelectrica’s investments
Thursday, June 27, 2019
President of Romania, Klaus Iohannis, promulgated Law 120/2019 on some measures necessary for carrying out the works and implementing projects of national importance regarding the transport electric network. The law facilitates the realization of vital investment projects in Romania’s energy security, facilitates the construction of aerial power lines and compliance with the deadlines for projects with European funding, Transelectrica ...
RTPR Allen & Overy and Schoenherr Romania win EUR 800 million litigation case for Electrica
Thursday, June 27, 2019
* Major win for the Romanian electrical company Electrica in an EUR 800 million litigation case against the Romanian Management Company for Ownership in Energy (SAPE) The Romanian electrical company Societatea Energetic? Electrica S.A. ("Electrica") won the first procedural phase in litigation against the Management Company for Ownership in Energy („SAPE”) – the Romanian public company which manages the state’s ...
Subsidies for high-efficiency power and heating plants rise in Romania
Thursday, June 27, 2019
Romania’s energy market regulator ANRE has significantly increased (by 11% - 28%) under order 69/2019 the subsidies for high-efficiency power and heating generation (also known as ...
OMV Petrom contributes 4 million euro to support ”Romania Eficienta” program launched by EPG
Thursday, June 27, 2019
OMV Petrom, the largest player on the Romanian energy market, endorses the Energy Policy Group (EPG) “Romania Eficienta” program. OMV Petrom will contribute 4 million euro to this program in the period 2019-2022. The program aims to promote energy efficiency at the national level, through public information campaigns, education programs and financing of projects aimed at improving the energy efficiency of public buildings. “Every day, ...
The Visegrad 4 and Russian pipelines: An imaginary unity
Thursday, June 27, 2019
The Nord Stream II pipeline gave birth to a seemingly united front among several Central and Eastern European states objecting to the project, including Czechia, Slovakia, Hungary and Poland. That, however, is far from the truth, writes for euractiv.com Martin Jirušek. Martin Jirušek is assistant professor at the Faculty of Social Studies, Masaryk University, Czech Republic. The Nord Stream II pipeline, ...
EC recommends Romania to increase to 34pct the target on energy from renewable sources in 2030
Thursday, June 20, 2019
The European Commission (EC) recommends Romania to increase, until at least 34 percent, the target regarding the share of energy from renewable sources in gross final consumption of energy representing Romania's contribution to the achievement of the Union's objectives in the horizon of 2030, the European Commission assessment report on the project of the integrated national energy and climate change plan (NECP) published Tuesday by the executive Community.Through ...
RWEA: Growth of renewable energy target to 34 pct for 2030 reconfirms Romania's significant potential
Thursday, June 20, 2019
The recommendations of the European Commission regarding the Integrated National Energy and Climate Change Plan Project 2021-2030 represents a reconfirmation of Romania's significant potential in the area of energy from renewable sources, with the 34 percent share being an encouragement for a correct level of ambition for the future, but also for the efforts put in so far, in view of the development of the current renewable energy capacities, a release of the Romanian Wind ...
The Commission has published its assessment of Member States' draft plans to implement the EU's Energy Union objectives
Thursday, June 20, 2019
The Commission's assessment finds that the national plans already represent significant efforts but points to several areas where there is room for improvement, notably as concerns targeted and individualised policies to ensure the delivery of the 2030 targets and to stay on the path towards climate neutrality in the longer term. The European Union is the first major economy to put in place a legally binding framework to deliver on its pledges under the Paris Agreement and ...
ENEL’S GLOBAL SUSTAINABILITY LEADERSHIP CONFIRMED IN RANKINGS MID-YEAR REVIEWS
Thursday, June 20, 2019
The company reaffirmed its position in the FTSE4Good Index Series, in the Euronext Vigeo-Eiris indices at global, European and Eurozone levels, and in the Integrated Governance Index (IGI) The indices recognised Enel’s leading role in promoting a low-carbon energy model through renewables, digitalisation and advanced energy solutions while acknowledging the company’s responsible business ...
E-DISTRIBUTIE DOBROGEA COMPLETED THE MODERNISATION OF THE ABATOR PRIMARY STATION IN CONSTANTA
Thursday, June 20, 2019
E-Distributie Dobrogea has completed the modernisation project of the Abator primary station in Constanta, following investment of approximately 12 million lei, which will improve the distribution service quality for about 26,000 customers. The high to medium voltage 110/20/10 kV station will now provide improved services to household and industrial consumers in the south-east area of the city of Constanta, in the perimeter of Peninsula Portul ...
The ministry of economy: We have reopened the first three mines out of the 530 closed down
Thursday, June 13, 2019
The ministry of economy Niculae Badalau announced on Wednesday in a conference, that they reopened three mines in the Jolotca area, Harghita county. ‘I want to announce for the first time that we have reopened the first three mines out of the 530 closed down in the mining area Jolotca, Harghita county, mines which are in radioactive Magurele under the coordination of the ministry of economy. We are talking about the first three mines re-opened, after 1989. These mines have rare ...
DefMin Gabriel Les: We are focusing on finding ways to cleaner, sustainabe energy models in defense
Thursday, June 13, 2019
The Minister of National Defense, Gabriel Les, said on Wednesday that the ministries in the EU member states have the objective to reduce the energy footprint and especially to find cleaner and safer energy models."The efforts made by the Defense Ministries in the EU Member States are not aimed at simply reducing the energy footprint and finding a formula to reduce energy bills, but (...) we focus on finding ways to cleaner, safer and more sustainable energy models," ...
Primary energy resources advance 0.9pct, Jan.-April, 2019
Thursday, June 13, 2019
Romania's primary energy resources increased by 0.9pct in the first four months of 2019, while electricity prices decreased by 6.7pct from the same period of 2018, according to provisional data with the National Institute of Statistics (INS) released on Wednesday.Primary energy resources during the period January 1 - April 30, 2019 totalled 11.598 million tons of oil equivalent (toe), up 105,700 toe over the same period in 2018.Domestic production amounted to 6.849 ...
ANRM to launch new auction for the concession of 28 petroleum exploatation areas
Thursday, June 13, 2019
Ten years after the last round of public auctions, the National Agency for Mineral Resources will begin the 11th auction round providing 28 exploatation areas for concession, according to Florin Ciocanea, a state advisor for PM Viorica Dancila. There are 22 onshore and ...
Bogdan Badea, confirmed CEO of Hidroelectrica for a 4-year mandate
Thursday, June 13, 2019
Bogdan Badea, the CEO of Hidroelectrica, has been confirmed in his position for a 4-year mandate, after months of temporary mandates. Hidroelectrica is the most profitable state-owned company in Romania. The Energy Ministry own 80 percent of company’s shares while Fondul Proprietatea has a 20 percent stake. Hidroelectrica has a board of directors with 5 members: Bogdan Badea, Marian Bratu, Razvan Pataliu, Radu Cristian Pop and Cristian Vladoianu.Their ...
Iberdrola to build the largest solar power plant in Europe
Thursday, June 13, 2019
Spanish utilities company Iberdrola will invest over EUR 300 million to build a solar power plant with a capacity of 590 MW in Spain’s Extremadura region, making it the largest such project in Europe and one of the largest in the world, according to Bloomberg. The plant, which will be called Pizarro, will house about 1.7 million solar panels on a 1,300-hectare site and will be ready by 2022. The developer says it will be able to meet the annual power needs of 375,000 ...