Energy

Two days following the inauguration of a photovoltaic park in Magurele, Prahova, the County Council announced that a solar plant intended to ensure the energy independence in the area is going to be established in Cornu. The project is based on European funding through the POS CCE program (Operational Program 'Increase of Economic Competitiveness ) - Priority 4 – increase of energy efficiency and supply security in the context of climate change - and the afferent contract was signed yesterday by the local authorities. ...more »

Hidroelectrica exceeded the performance indicators stipulated on the 2013 budget, in spite of facing a poor year in terms of hydrology, a lower demand on the electricity market and a decrease of the shipping prices, shows a press release....more »

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....more »

From the total amount of domestic
consumption between January 1 and August 31, 2013, more than 41.6% is
due to renewable energy....more »

Enel Green Power has
connected its third photovoltaic park to the national electricity
grid upon the company managed to connect the first two parks in July
2013. The operational project for solar energy is located in
Colibasi, Giurgiu county, having an installed capacity of 6.5 MW....more »

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....more »

The
liberalization of the electricity market that began last year did
not have significant adverse effects, and the influence was of about
on to two percent in the final electricity price, said the President
of the National Regulatory Authority for Energy (ANRE), Niculae
Havrilet. ...more »

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. ...more »

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. ...more »

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....more »