Energy
January 26, 2017 16:46
The number of green certificates traded in January 2017 on the Green Certificates Centralized Market (PCCV) amounted to 6,371 units, a figure seven times bigger than that of the similar period last year, when 906 units were traded, according to data released by OPCOM, Romania's electricity and natural gas market operator.  In January, 56 sales offers and seven buying offers were launched, at a price of 132.404 lei per certificate....more »
January 16, 2017 10:27
Largest oil and gas producer in South East Europe, OMV Petrom together with Romania's largest energy distributor Electrica inaugurated yesterday the first out of six pilot fast charging stations dedicated to electric cars. ...more »
December 12, 2016 11:21
Martin Zmelik, CEO CEZ Romania unveils the approach to energy efficiency and the challenges of a liberalized market What are in your opinion the main current challenges in implementing the efficiency programs in Romania? For us, the main challenges in implementing the efficiency programs were related mainly to the legislation provisions: on one hand we were pending on them, on the other we had to explain them to our potential partners.  But we surpassed the challenge and managed to perform in this area also. Our commitment for a long-term partnership to the municipalities took the shape of ESCO services resulting in public lightning cost optimization, energetic audit and management for long term sustainable savings....more »
October 17, 2016 11:12
OMV Petrom, the largest oil and gas producer in South-Eastern Europe and Mazarine Energy Romania S.R.L., a fully owned Romanian subsidiary of Mazarine Energy announce that parties have reached agreement on the transfer of 19 onshore oil fields plus three workover rigs and associated crews to Mazarine Energy Romania S.R.L. for an undisclosed purchase price. ...more »
September 30, 2016 15:17
Romania's energy security and strengthening US investment in the Romanian energy sector were the main topics of discussion in the framework of the fifth meeting of the Task Force for the implementation of the Strategic Partnership Romania - US. "We have a common interest in supporting BRUA pipeline construction, for which Romania has already achieved important European financing, or interconnection with Moldova for natural gas. ...more »
September 20, 2016 16:37
The Board of Directors of Electrica SA has appointed Dan Cătălin Stancu to the position of CEO, who will assume this responsibility as of October 24, 2016 informs the company in a press release. Dan Cătălin Stancu succeeds as CEO Iuliana Andronache - CFO, who assures the interim since March 2016. ...more »
July 14, 2016 16:55
Telecom operator RCS&RDS is the new energy supplier of the Romanian Television (SRTv), whereas CEZ is going to supply for Dacia Renault plant, the biggest company in Romania. RCS&RDS has won the bidding against Electrica, Industrial Energy, Elsaco and Enel Energie Muntenia. The contract period is one year, until July 2017, and RCS&RDS is going to charge 2.2 million RON (approx 490 000 EURO) without VAT, for delivering 6.842 MW (medium tension) to the headquarter in Bucharest, and 52.5 MW (low and medium tension) to the studios in Targu Mures, Cluj, Iasi, Craiova, and three more....more »
June 30, 2016 13:42
The Ministry of Energy proposed the Government to freeze the price for natural gas for population for the next nine months, until 31st of March 2017, according to a draft decision.  The current calendar agreed by the government with the ...more »
June 21, 2016 16:13
After 4 years of insolvency, the Bucharest Court decided on the 21st of June that hydro power producer Hidroelectrica can exit insolvency. Since 2012, Hidroelectrica has faced two insolvency procedures (2012-2013 and February 2014 – to date). During this years the company returned loans to banks and cancelled 11 onerous bilateral contracts worth 1.1 billion euro with several energy traders and final consumers: Energy Holding, Alpiq Romindustries, Alpiq Romenergie, Energy Financing Team, Alro Slatina, ArcelorMittal Galati, Electromagnetica, Electrocarbon, Euro-Pec, Elsid, Luxten....more »
June 16, 2016 16:01
Oscar Downstream, the largest independent oil & gas company, distributor for companies, celebrated on the 15th of June 15 years on the Romanian market. Oscar Downstream's businesses include classical distribution through fuel cards in their own network of 31 stations and fuel distribution in 1500 stations installed directly at the client, as main segments....more »
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