Energy
March 10, 2014 10:52
Grup Servicii Petroliere (GSP) officially inaugurated last Friday, March 7 the Uranus drilling platform, an investment worth 44 million dollar. Nearly 70 percent of the amount has been covered by a 30 million dollar loan from EximBank, the company controlled by Gabriel Comanescu providing the remaining part of the costs of the investment which included the purchase and modernization of the offshore drilling platform....more »
March 04, 2014 14:32
Erste Group Bank AG together with Banca Comercială Română (BCR) and the European Bank for Reconstruction and Development (EBRD) provide a financing worth 76 million euro for the construction of the 108 MW wind farm Crucea North, located in the Dobrogea region. The project which consists of 36 wind turbines, each one with a power capacity of 3 MW, is developed by Crucea Wind Farm S.A. that is fully owned by STEAG GmbH, a leading power producer in Germany. Total investment costs come to approximately 200 million euro, a press release announces....more »
March 03, 2014 11:36
Gabriel Dumitrascu, General Director of the Directorate-General for Privatization and Management of State Ownership in Energy, has been unanimously appointed as the new special administrator of Hidroelectrica during the Extraordinary General Meeting of Shareholders held on Friday, February 28. The assembly has been called by Remus Borza, representative of EURO INSOL, the judiciary administrator of the electricity producer, a media release informs....more »
February 28, 2014 14:55
Romania’s Energy Regulatory Authority, ANRE, has issued a decree establishing for 2013 an obligatory quota of green certificates to be purchased by electricity suppliers of 0.224 green certificates (GCs) for each MW produced. This quota is nearly double compared to the previous year when it was 0.1188 GCs/MW....more »
February 26, 2014 17:06
The state-owned company is again insolvent following the decision of the Bucharest Court of Appeal which admitted the appeals of the energy traders Hidroelectrica cooperated with, Remus Vulpescu, its former insolvency special administrator, announced yesterday....more »
February 25, 2014 11:01
In a sector with a potential too little exploited, whose development is braked by a very intricate legislation and which is burdened by taxes such as the one on the water used or the lease price for low river beds, the Romanian HydroPower Energy Summit brought to the fore all these issues the professionals in this sector face and rang the alarm bells within regulatory authorities, though little represented at governmental level....more »
February 24, 2014 11:23
Energiaprima announces its intention to establish further solar facilities in Romania with an installed capacity of about 200 MW, thus continuing investments in our country, after completing a 105 million euro PV park in the Northern-Western area, in Satu-Mare County....more »
February 10, 2014 15:46
Harnessing hydropower energy is the best alternative for the development of Romania’s energy sector. An alternative which has been neglected, since no new major projects have been carried out over the past years, as investments have been restricted to the completion of some old projects, such as Racovita Hydroelectric Power Plant whose construction works started 24 years ago. ...more »
February 04, 2014 16:15
The deregulation process of the gas market for industrial consumers will be carried out by July, 2014, earlier than initially established, according to Andrea Schaechter, Head of the IMF Mission in Bucharest, Agerpress informs....more »
January 31, 2014 12:45
Chevron got a new permit to start shale gas exploration in its fourth perimeter in Vaslui, at Puiesti, the local Envrironmental Protection Agency issuing the document since there was no contestation against the project received, Mediafax informs....more »
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