Govnet

Chevron received the permit to start shale gas exploration in Vaslui

Chevron got a construction permit for placing the first gas shale exploration well in Romania, upon state-authorities approved the soil exploration in Silistea, Vaslui, transmits Mediafax. Having the authorization from the Vaslui County Council after providing the required documentation, Chevron is going to start setting up the exploration well in the area.

Energy

ANRE caps power distributors' ROR at 8.5% until 2018

Romania's energy market regulator, ANRE, capped at 8.5% the rate of return (ROR) applied to investments made by electricity suppliers, cutting down on the previous rate of 10%. The new rate will apply both to the value of investments distributors in this field will make from now on and to the regulatory asset base for power distribution.
Nonetheless, there might be added another 0.5% to the new ROR, provided the distributors direct their investments in smart energy and their technological consumption goes below the threshold established by ANRE.

Local businessman invests 10 million Euros in a 6.65 MW solar park

Italy’s Nordelectrica Impianti was selected to build a 6.65 MW photovoltaic park for Productie Energie Verde, a company owned by local businessman Vladimir Cohn.

The project will generate electricity that will be used by another company owned by Cohn, corrugated board producer Ecopaper and the surplus will be sold on the market.

Electricity trading on OPCOM almost doubles compared to last year

More than 650 million Euro worth of electricity traded in the first half of 2013, 85% more than in the same time of last year.
The bilateral contract market, where buyers and sellers meet and sign long-term deals, saw the highest jump in amounts traded, according to OPCOM data. Traded volume on this market stood at 9.47 TWh of electricity or 36% of the country’s energy consumption, almost 5.5 times more than in the same time last year. Traded electricity price fell 15.6% to EUR43.2/MWh.

Bringing energy to the Bucharest Stock Exchange

The first IPO on the Bucharest Stock Exchange in five years, the public offering of 10% in Romania’s state-run nuclear power producer Nuclearelectrica was received with interest from small investors. Small investors subscribed 2.3 times mores shares than they are offered at the IPO and allotted 90 million lei (EUR20.1 million) by 05:00 p.m.. They may subscribe 10% of the 25.3 million new shares the company wants to sell.

Chevron received the permit to start shale gas exploration in Vaslui

Over 40% of Romania's electricity consumption, due to renewable energy

Enel Green Power connects its third photovoltaic plant to the domestic grid

ANRE caps power distributors' ROR at 8.5% until 2018

ANRE President: The liberalization of electricity prices has no significant adverse effects

Local businessman invests 10 million Euros in a 6.65 MW solar park

Electricity trading on OPCOM almost doubles compared to last year

Bringing energy to the Bucharest Stock Exchange