Govnet

Electrica announces its investment budget

Electrica, the Romanian energy supply and distribution company, is planning to invest around 715 million euro until 2018, out of which 121 million this year alone, Mediafax reports. The general director of the company, Ion Rosca declared “ On the one hand important investments in the distribution sector are needed.

Dentons advises Petroceltic on the transfer of its Romanian business

Dentons advised the oil and gas company Petroceltic on the

purchase of equity in two Black Sea exploration blocks (40% in EX-27

Muridava Block previously held by a subsidiary of Sterling Resources

and 30% in the EX-28 Est Cobalcescu Block previously held by a

subsidiary of Beach Energy), in the Romanian sector of the Black Sea.

Energy

Natural gas transport project AGRI gets Romania's support

The AGRI gas project, as a direct energy transport road from the Caspian Sea right to EU's Franco-German industrial core, between Energy producer Azerbaidjan, Georgia and Romania, is seen as a viable project. The feasibility study for AGRI project, that aims to transport gas from the Caspian region, on the territory of Azerbaijan and Georgia, crossing the Black Sea by vessels and involving the construction of two liquefaction terminals (on the Georgian Black Sea coast) and regasification (on the Romanian Black Sea coast ) was presented in an Inter-ministerial meeting that took place on June 22 in Bucharest.

Small capacity renewable energy gets a breath of fresh air with the adoption of Law 122

Law 122/2015 for the approval of some measures for promoting electricity from renewable energy sources and also for amending and supplementing some normative acts was published in the Official Gazette. The purpose of this law is to revitalize the renewable energy market and support the companies owning projects from renewable energy sources with capacities smaller than 3 MW by enabling them the possibility to sign bilateral agreements.

Electrica announces its investment budget

Cernavoda Nuclear plant produced 6.56 million MWh in 2015

Three Chinese consortiums in the final for Tarnita Lapustesti hydropower plant

Three Romanian gas transport projects declared regional priorities

Dentons advises Petroceltic on the transfer of its Romanian business

Natural gas transport project AGRI gets Romania's support

Small capacity renewable energy gets a breath of fresh air with the adoption of Law 122

Hidroelectrica will not come out of insolvency this year due to ongoing processes