Romania’s Energy Regulatory Authority has set this year’s price limit for trading green certificates, thus the cost of a green certificate on the corresponding market will range from 130.69 lei (29.28 euro) to 266.22 lei (59.647 euro). The level is similar to that in 2012 (129.64 lei/ 28.876 euro, 264.09 lei/ 58.823 euro, respectively), a slight increase being applied....more »

The Energy Efficiency programme run by Romania’s Ministry of Economy is supported by 8 million euro grants provided by Norway, Liechtenstein and Iceland. Total funds allocated the programme, which is co-financed, come to 9.4 million, the remaining amount representing Romania’s contribution....more »

Rompetrol Group changes its name to KazMunayGas International, based on the strategy of consolidating its operations under the original brand, thus all activities will be integrated into KMG, the Kazakh oil and gas state-owned enterprise. The d...more »

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 »

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 »

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 »

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 »

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 »

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 »

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 »