energy

Klaus Iohannis, on Russian oil and gas imports ban: Romania is ready

Romania will be prepared and will cope if it will be finally decided to ban Russian oil and gas imports, claims president Klaus Iohannis, after Ursula von der Leyen proposed this in the plenary of the European Parliament.

CONFERINŢA „Mediafax Talks about Energy”: Principalele declaraţii de la eveniment

Ministrul delegat pentru Energie, Răzvan Nicolescu şi preşedintele ANRE, Niculae Havrileţ, au participat marţi, 30 septembrie, la conferinţa „Mediafax Talks about Energy” - ediţia a XII-a, care a avut loc la hotelul Athenee Palace Hilton, sala Le Diplomate, începând cu ora 10.00.

Romanian Govt Approves Renewable Energy Incentive Scheme

Romania's Government on Wednesday approved the ordinance providing state aid through green certificates for renewable energy production, after repeated complaints about delays from business associations in the industry.

EC Opens Infringement Proceedings Against Romania Over Energy Market Legislation

The European Commission has opened infringement proceedings against Romania and other member states for failing to transpose two directives, regarding the electricity and natural gas markets, and the Economy Ministry expects the process to be stopped in two months, when the rules are adopted.

Romania May Keep Some Energy Price Regulation Beyond 2015

Romanian energy regulator ANRE may keep applying current pricing regulations for electricity and gas beyond 2015, for certain categories of clients, despite deregulation agreements concluded between the government and the International Monetary Fund.

Romanian Govt Starts Procedures To Sack 1,300 People In State-Owned Energy Cos

Romania’s Government on Wednesday decided the start of procedures to lay off 1,300 employees of several state-owned energy companies this year, and laid off workers will get severance pay and unemployment aid until 2014.

Romanian Unionists, IMF Delegation Talk About Energy Market, Privatization Of State Cos

Romanian National Union Bloc (BNS) leader Dumitru Costin said Friday talks between unionists and the International Monetary Fund delegation focused on problems concerning the energy market, the privatization of state companies and rehiring employees made redundant.

Complete Liberalization Of Romanian Energy, Gas Markets To Wait Until 2015 – President

Romanian President Traian Basescu said Saturday, after a meeting with the International Monetary Fund delegation, that the deregulation of gas and electricity prices for households should be put on hold until 2015.

Romanian PM: Govt To Deregulate Energy Mkt According To Calendar

Romania's Government will deregulate its energy market by 2015, following a calendar agreed upon with the International Monetary Fund and the European Commission, Prime Minister Emil Boc said Wednesday.

Romania Still Plans To Create Energy Champions – Official

Romania has not yet given up the idea of creating two national energy champions, and it is currently evaluating alternative solutions to this end, an Economy Ministry official said Thursday.

EXCLUSIVE: Romanian Energy Prices Adjusted To Market Rates Shortly

Romanian government has pledged to adjust to market rates the energy and natural gas prices of existing contracts signed by state-owned companies as soon as possible, according to the country’s draft letter of intent agreed with the International Monetary Fund.

Romania To Deregulate Electricity, Natural Gas Markets By 2015

Romanian Prime Minister Emil Boc said Monday Romania’s electricity and gas prices will go up between 2013 and 2015, since the Government will eliminate regulated prices, in compliance with requests by the International Monetary Fund.

Romania Pleads To Include Serbia, Moldova In EU Single Energy Market

Romanian President Traian Basescu said Friday at the European Council meeting in Brussels that non-EU countries like Serbia and the Republic of Moldova should be connected to the EU’s single energy market, which is set to be established by 2014 the president’s office said in a press release Saturday.

Romanian Suppliers To Disclose Sources Of Electricity Under New Bill

Romania’s Economy Ministry has drafted a bill that would compel energy suppliers to inform consumers on the origins of the electricity they are selling.

Romania Could Become SE Europe’s Energy Mkt Hub – Hidroelectrica Chief

Romania has the chance to become an energy market hub in southeastern Europe, but it might miss this opportunity if it fails to make clear investment decisions on the production units' upgrade, Wednesday said Mihai David, general manager of Romanian hydropower producer Hidroelectrica.

Romanian PM Assures USA Of Support For Southern Energy Corridor Development

Romania supports the development of the Southern Energy Corridor, which will connect the European market to the gas reserves in the Caspian Sea region and Middle East, while the Nabucco project is the priority for Romania, Prime Minister Emil Boc said Friday in New York City.

Romanian Govt Slashes Thermal Rehab Funds, Blames Crisis

The Romanian government slashed three quarters from the energy efficiency budget, to 11.7 million lei (EUR1=RON4.2327), as opposed to RON40 million, according to a decision adopted Wednesday.

Romania Needs To Correlate Sector Strategies – Econ Min

Romania's energy strategy needs to be correlated with the industrial and the chemical ones, otherwise the economic growth is out of the question, Economy Ministry official Tudor Serban said Thursday.

Romania Promises To Revive Privatization Program

Romania has pledged to "aggresively" resurrect the privatization program, especially in the industry, energy, transport, tourism or agriculture, as part of its efforts to raise budget revenue to meet the International Monetary Fund requirements.

Romanian Power Prices May Soar After ’13 – Econ Min Official

Environment investment costs will cause energy prices to soar after 2013, Romanian Economy Ministry official Alexandru Sandulescu said Thursday.

Romania Still Deems Nabucco A Priority, Yet Open To New Plans

Romania considers the Nabucco gas pipeline a priority but will analyze any other initiative that will contribute to the country and the European Union’s energy safety, Prime Minister Emil Boc said Wednesday.

Romania’s Supreme Defense Council OKs Energy Sector Reorganization

Romania’s Supreme Defense Council CSAT approved Thursday the reorganization of two companies within the Economy Ministry with joint portfolio of power plants, according to a Presidency press release.

National Energy Holdings To Guarantee Loans Of Absorbed Cos

The two national power holdings that Romania plans to set up will take over all the obligations of the absorbed state-owned companies, including the state-guaranteed loans, and will mortgage their assets to guarantee the loans’ reimbursement.

Romania To Sell Energy Cos To Finance Investments – Consultant

Romania will sell state-owned companies in the energy sector between 2010 and 2011, to get the money it needs for investments in the sector, according to consultancy firm Horvath & Partners.

Romania Needs Single, Powerful Energy Holding – Presidency Runner

Romania needs a single national energy holding to be further capitalized and to start playing on the regional power market, social democrat presidential candidate Mircea Geoana said Monday during an economic debate.

Romanian Social Democrat Leader Wants Energy And Agric Ministers On Supreme Defense Council

Romanian social democrat presidential candidate Mircea Geoana said Monday he will propose the amendment of the law on the Supreme Defense Council to include provisions on energy and food security, with the participation of the minister for energy and minister for agriculture.

USA To Use Romania And Bulgaria Bases To Control Caspian Sea Oil – Experts

The United States wish to have control over oil resources in the Caspian Sea and will accomplish this from their bases in Romania and Bulgaria by fueling instability in the Caucasus, the Center for Research on Globalization (CRG) said in an analysis published online.

Russian Inter Rao May Resume Pwr Export To Romania In ’10

Russian Inter RAO EES may resume the exports of electricity to Romania in 2010, upon the coming into force of the new energy trading contracts to be negotiated in November, a head of state-owned power grid operator Transelectrica (TEL.RO) said Wednesday.

EC Urges Romania To Ensure Energy Market Competitiveness

The European Commission sent Romania letters of formal notice for not complying with applicable gas and electricity regulations and for maintaining a system of regulated prices in violation of the EU directives on electricity and gas, respectively, in the first stage of the infringement procedure.

EC Calls On Romania to Disacrd Household Energy Regulated Prices – Energy Watchdog Official

The European Commission asks Romania to give up the household regulated electricity tariffs, in a notification on the startup of an infringement procedure, Thursday said Maria Manicuta, a manager in the country’s energy regulation authority ANRE.

Several Investors Interested In 3rd, 4th Nukes JV – State Secretary

Several companies are willing to invest in the company that will further build the 3rd and 4th nuclear reactors at Romania's sole nuclear power plant in Cernavoda, the secretary of state with the Economy Ministry Tudor Serban said Thursday.

Romanian Energy Mkt Favors Hydro, Nuclear Power – PM

Romania’s energy market lacks real competition, as the energy produced by the hydropower units and the nuclear power plant in Cernavoda is preferred to that of thermal electricity producers, Prime Minister Emil Boc said Thursday.

Dan Ionescu Named Romania’s EnergoNuclear GM

Dan Ionescu, a director within Romania’s Energy Watchdog ANRE, was named general manager of EnergoNuclear, the joint venture that will build nuclear reactors 3 and 4 at Romania’s nuclear power station Cernavoda, people close to the matter told MEDIAFAX Thursday.

Contracts Inked By Romania’s Hidroelectrica To Be Made Public

The Romanian Ministry of Economy intends to make public the contracts concluded by state-owned power company Hidroelectrica with private energy traders, and will ask for approval from companies in this respect, energy market sources told MEDIAFAX Saturday.

Romania’s Energy Watchdog Confirms Keeping Household Gas, Pwr Prices Unch Jan 1

Romanian household natural gas and electricity prices will remain the same in the first quarter of 2009, while electric power prices for industrial consumers will hike by around 1.5%, Romania’s Energy Authority ANRE confirmed Monday.

Romania’s ANRE Might Keep Current Gas Price By 3Q ’09

The current gas price might be kept in Romania until the third quarter of 2009, when it might slightly go down due to lower crude oil and imported natural gas tariffs, Gabriel Sarbu, head of the Price Department within the country’s energy watchdog ANRE, said Wednesday.

Romanian Democrat Liberals Sign Agreement With Employers In Energy, Industry

Romanian democrat liberal leaders Monday signed a cooperation agreement with the Employers’ Alliance in the industry and energy sectors, stipulating mutual support on projects and advice for the party in some fields, said Vasile Turcu, head of the Employers’ Alliance in Industry, or CONPIROM.

Romanian Pvt Auth Head Invites Hidropower Unionists For Talks

Teodor Atanasiu, head of Romanian privatization agency AVAS, invited Wednesday for talks the leaders of union federation Hidrosind, representing the employees in state-owned hydropower generator Hidroelectrica, who protest in front of AVAS headquarters against the setup of the national power holding

Romania Might Attract Up To EUR15B Investments In Energy Sector By 2012

Romania might attract investments worth EUR12-15 billion between 2009-2012 in the energy sector, Romania’s Economy and Finance Minister Varujan Vosganian said Tuesday at a press conference.

Romanian Social Democrats Consider Censure Motion Over Energy Holding Proj

Romania’s leftist opposition Social Democratic Party, or PSD, might file a censure motion against the executive unless the authorities reconsider setting up a national power holding, Deputy Iulian Iancu said Sunday.