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Romania: Conpet applies new transport tariffs for oil

Вт., 06/21/2018 - 13:26

The national transporter of oil Conpet Ploiesti announced new transport tariffs through the National System of Transport for oil, gasoline, ethane so that the tariff grew from 79.75 lei/tonne to 84.37 lei/tonne, a growth of almost 6%.

‘Conpet Ploiesti informs the investors  that the Official Gazette of Romania, part I no.500/19 June2018  published order ANRM no.117/15 June 2018 which amends order no.13/2010 for the approval of the transport tariffs through the national system of  transport of oil, gasoline and ethane. Through order no.117/15 June 2018 the new tariffs for transport through the national system of transport of oil, gasoline, ethane applicable starting with the publishing date in the Official Gazette, namely 19 June 2018’ the press release of the company shows.

Similarly, for the activity of transport import it was approved the amendment of the transport stages namely of the tariff threshold of 100,000 tonnes per month at 120,000 tonnes/month, the tariffs being unchanged for the refineries Arpechim and the Ploiesti basin.

‘For the refinery Midia the tariff grew from 8 lei/tonne  to 27 lei/tonne for the smaller stage of 120,000 tonnes/month and from 7.33 lei/tonne  to24.74 lei /tonne for the bigger stage of 120,000 tonnes/month’ mentions Conpet.

The Conpet company is controlled by the state, through the ministry of energy which owns 58.71%ofthe shares.

The company has capitalisation of 770.51 million lei.

Conpet has almost 1,700 employees. Last year, the company had a turnover of 376.68 million lei and a net profit of 74.38 million lei.

The post Romania: Conpet applies new transport tariffs for oil appeared first on EnergyWorld Magazine.

Europe: MOL Group’s INA buys Eni’s share in Northern Adriatic offshore gas fields

Ср., 06/20/2018 - 16:17
  • Group production to increase by nearly 380,000 m3 per day (2,500 barrels of oil equivalent per day)
  • The transaction covers 4.3 million barrels of oil equivalent reserves
  • INA to become 100% owner and sole operator of the two producing offshore fields

MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica.

INA will become the 100% owner and the sole operator of the Northern Adriatic and Marica fields after all conditions are fulfilled, including receiving clearance from the antitrust authorities, which is expected in the coming months.

The transaction covers 4.3 million barrels of oil equivalent (boe) proven and probable reserves and would increase hydrocarbon production by around 2,500 boe per day  (or nearly 380,000 m³ per day), a step towards meeting the group’s reserves replacement targets. INA will also become, for the first time in its history, the sole operator of offshore fields. This will also allow INA to carry out further investment in the Northern Adriatic and Marica areas.

Following the transaction, all gas produced in the Northern Adriatic concession area will be directed towards the Croatian supply system. The gas produced in the Marica area will continue to be transported to Italy, under a gas sales contract signed by INA and Eni.

The post Europe: MOL Group’s INA buys Eni’s share in Northern Adriatic offshore gas fields appeared first on EnergyWorld Magazine.

Europe: Biggest European Start-up Competition Announces 30,000 EUR Prize Winner  

Ср., 06/20/2018 - 12:32

Zubax Robotix from Estonia is the winner of this year’s edition of the international PowerUp! competition for cleantech start-ups. The team presented their project, which provides 10% more energy-efficient electric motor controllers for aerospace applications.

Their technology allows electric vehicles (especially aircraft) to travel further using less energy from the battery, thus alleviating one of the most significant obstacles in the way of total electrification of all kinds of transport. Zubax was awarded € 30,000 and a chance to be invited to the prestigious InnoEnergy Highway® accelerator.

Romania, which participated to the last two editions of the competition, was represented this year by the country finalist Craft Bicycle start-up, which reinvents the biking industry by building bamboo bikes.

  • We applied to the competition because it seemed very relevant, as this contest helps technological advancement for start-ups as it provides funding and support to innovative ideas, teams. Winning the competition is a very motivating surprise, we knew that we had a good idea and a good product that has potential. We are planning to use our prize and invest it into further development of the product and take our market presence into the next level – said Pavek Kirienko, Head of Technical Research at Zubax.
  • In the seven years since its launch, InnoEnergy has invested in innovative projects with a total value of € 2 billion. Thanks to our support, eighty products have so far been brought to market. Now Zubax team has this amazing opportunity – says Christo Balinow, Business Development Director of InnoEnergy Central Europe, the Chairman of the Jury.

The title of runner-up and a €10,000 prize was awarded to WellParko from Lithuania. Third place and € 5,000 went to the team Neuron Soundware from Czech Republic.

During the Grand Final in Prague, 15 start-ups presented their solutions before the jury, investors and media representatives. These were the winners of the Country Finals, which took place in Hungary, Poland, Czech Republic, Slovakia, Slovenia, Lithuania, Latvia, Serbia, Turkey, Ukraine, Estonia, Romania, Bulgaria, Croatia and Greece. The finalists were selected from 299 teams from the 24 Central European countries who applied to the competition. The stakes were high as the Highway® accelerator is one of the best programs in the cleantech sector in Europe.

Zsolt Winkler, Head of the Open Innovation Hub at MOL Group and a member of the Jury commented:

  • PowerUp! feeds us with fresh, crisp ideas and solutions from all around the region. We are proud to be sponsoring the event for the second time. As we are transforming our company, engaging with start-ups through competitions like this plays an extremely important role in our strategy.

 

Ms. Gul Erol, Enerjisa CTO, particularly appreciated the level of the competition and says:

  • We know we can grow into the fast-changing future with sustainable solutions via innovative and agile startup partnerships. As Enerjisa we are proud to be a part of PowerUp! that unites us with the most striking ideas all around Europe.

 

Michał Maćkowiak, Head of Innovation Rafako S.A., also thought that the level of competition was very high this year and said:

  • We are very pleased this year that not only companies from the energy industry, but also those from the spheres of electromobility or smart cities took part in the competition. The competition is developing in the same direction as RAFAKO, in that it is looking for opportunities in addition to the energy industry to diversify revenues in the areas mentioned above.

 

What makes PowerUp! stand out from other start-up competitions are its Bootcamps: before the Grand Final, the participants spent two days testing their business models and taking their presentation skills to another level.

The post Europe: Biggest European Start-up Competition Announces 30,000 EUR Prize Winner   appeared first on EnergyWorld Magazine.

EU, Romania: Country target set for 32 percent renewable energy by 2030

Вт., 06/19/2018 - 21:04

Romania could have as a target of 31-32% for renewable energy in 2030, which represents a significant step forward against the objective of 24%, which our country has for 2020 stated Zoltan Nagy Bege, vice chairman of the National Agency for Regulation in Energy (ANRE) in a conference organised by the Chamber of Commerce and Industry Romanian-German.

According to the source, the legislative package could be approved during the Austrian Presidency of the EU Council, namely the second part of this year. Contrary, the adoption will happen after Romania takes the presidency, starting with the 1st of January, 2019.

‘The European parliament approved very daring targets and for the moment the parties try to keep its position, even if it seems that the targets established by the Parliament will be reduced. For renewable energy, the parliament approved a target of 35% and from the information which were brought to my knowledge, it seems that there are chances that 31% of 32% be approved’ said the ANRE representatives.

He showed that this is a significant step against 24% for 2020, as Romania’s target was, objective which our country reached two years ago.

 

 

 

 

Source: ANRE press release.

The post EU, Romania: Country target set for 32 percent renewable energy by 2030 appeared first on EnergyWorld Magazine.

Romania: Natural gas will be more expensive this winter

Вт., 06/19/2018 - 13:57

Natural gas will be more expensive as of the coming winter, due to the oil prices have grown much lately, said the Director for Energy Trade with Romgaz, Vasile Ciolpan.

“Looking at the oil prices today, it’s clear the gas will be more expensive this winter. We use gas from domestic production, gas from the stored facilities plus imported has during the peak months, imports which are operated every year, depending on temperatures and on the demand,” Ciolpan said, according to realitatea.net.

The gas storage programme in underground facilities is running by the graph and in the coming three months the obligation to reach the needed stored quantity will be met, he added.

“Nevertheless, meeting the storage obligations does not mean it will be enough for the peak consumption intervals during the winter, an imported quantity will also be needed,” the Romgaz official said.

The post Romania: Natural gas will be more expensive this winter appeared first on EnergyWorld Magazine.

Romania: Australian ADX Energy buys natural gas production license from Amromco

Пет., 06/15/2018 - 12:22

Australian ADX Energy bought the production licence for gas from Amromco in Iecea Mare area in Parta (Timis district) perimeter. ADX Energy already owns 50 percent of Parta hydrocarbon concession.

ADX Energy will pay EUR 30,000 plus a 5 percent royalty to Amromco for the natural gas that can be extracted from Iecea Mare. The perimeter covers 4.7 kilometers and its permit expires in 2034.

According to ADX Energy, one of the two exploration wells to evaluate the Parta project might be drilled into an optimal zone of the perimeter, and the extraction equipment being installed nearby, and this way a new production license will no longer be necessary.

The works are programmed to be started at the end of this year and the Australians managed to obtain a financing USD 2 million for the first well. The second one will required the same amount of money.

The post Romania: Australian ADX Energy buys natural gas production license from Amromco appeared first on EnergyWorld Magazine.

UK: Commodities People presents ‘ETOT 2018’ – Empowering back office and IT departments in energy trading for a decade

Вт., 06/14/2018 - 13:04

Commodities People’s flagship event, ’10th Energy Trading Operations & Technology’ is back this October on the 10th-12th and is set to take place at the prestigious Central Hall Westminster in London.

This year is a special one as CP celebrates 10 years in the Energy Trading space. A lot of the focus has been on the design of the Agenda to ensure it tackles all the pressing topics within Back Office, Technology and Operations.

Some of the key topic areas that will be addressed at the ’10th ETOT Summit’ include:

  • The 10 year review – A look at the noticeable transformation seen in the energy trading sector
  • Bridging the gap between IT and back office
  • Leveraging cloud computing power
  • Optimising data security
  • Blockchain and DLTs in energy trading
  • Brexit and its potential impact on energy trading

…and so much more

Some of their C-level speakers include:

  • Jan Van Aken, Secretary General, European Federation of Energy Traders (EFET)
  • Mario Claeys, Head of Exchange, Clearing and Margining Operations, Uniper Global Commodities SE
  • Magesh Nair, Executive VP – Global Chief Operating Officer and Chief Information Officer, Castleton Commodities International
  • Antonio Sevilla Cervantes, Head of Back Office, Endesa

…and many more

For the full Agenda and speaker list, please visit (www.etotsummit.com)

To sign up for the 10th ETOT Summit, simply visit their event page at www.etotsummit.com or drop an email to jessica@commoditiespeople.com

Stay connected:

Join the conversation on Twitter with #ETOT2018, and follow @Commodities_Ppl for news and updates.

Follow our ETOT2018 showcase page on LinkedIn for live updates on the event here

The post UK: Commodities People presents ‘ETOT 2018’ – Empowering back office and IT departments in energy trading for a decade appeared first on EnergyWorld Magazine.

Romania: ExxonMobil bought from Halcrow Romania services of over 5.5million euro for the project Neptun of the Black Sea

Вт., 06/14/2018 - 10:37

The Americans from ExxonMobil Exploration and Production Romania Limited Nassau (Bahamas) the Bucuresti branch offered to the British from Halcrow Romania a contract of 5.54 million euro, without VAT which aims among other things to the acquisition of services for the evaluation of the impact on the environment for the Neptun project of the Black Sea according to an announcement published on Saturday on the SEAP (the Electronic System of Public Acquisitions).

The American giant ExxonMobil, the biggest oil company in the world listed on the stock exchange is the global leader in the production of marine hydrocarbures and joined OMV Petrom in 2008 in the project for the activities of exploration in the Neptun area – Neptun Deep of the Black Sea.

The former general manager of the group OMV Petrom Mariana Gheorghe announced in February that the group analyses all options for the putting to value of the gas in the Neptun Deep of the Black Sea, taking into consideration export included. She mentioned that the negotiations are independent from his business partner in this  project, the American giant ExxonMobil.

In May, Transgaz, the operator of the national system of transport of natural gas announced that they finalised the procedure for the testing of the request on the part of the potential buyers of natural gas which would be extracted from the offshore Neptun Deep in the Black Sea.

The contract was initially estimated at 8.11 million euro without VAT but the final value dropped to 5.54million euro. The part in the contract which could be sub-contracted is 44%.

In the contract, there are included services of drawing up of studies of environment and the necessary documents for the apps for the authorities necessary for the project, according to the announcement.

The post Romania: ExxonMobil bought from Halcrow Romania services of over 5.5million euro for the project Neptun of the Black Sea appeared first on EnergyWorld Magazine.

Montenegro: 2nd annual International investment Summit and Exhibition “Hydropower Balkans 2018”

Ср., 06/13/2018 - 11:54

2nd annual International investment Summit and Exhibition “Hydropower Balkans 2018” (7-9 November 2018, Tivat, Montenegro) is a dedicated platform bringing together ministers, major investors, decision-makers of flagship hydropower plants, and investment project initiators, as well as regulators, in a concerted effort to efficiently execute key projects for HPP construction and modernisation all over the Balkan region.

 

Among VIP guests and speakers 2017:

  • Ljupcho Nikolovski, Minister, Ministry of agriculture, forestry and water economy of Macedonia
  • Andrei-Petrison Maioreanu, Secretary of State, Ministry of Energy of Romania
  • Agron Hetoja, CEO, Albanian Power Corporation KESH
  • Izet Žigić, President of the Supervisory Board, Power utility of Bosnia and Herzegovina
  • Martyn Osborn, Technical Director for Energy, WBIF
  • Željko Ratkovic, Director of Department of Investment, Power utility of Republic Srpska
  • Ivan Bulatovic, Executive Director, Crnogorski elektroprenosni sistem AD (CGES)
  • Reiner Dietmar, Managing Director, VERBUND Renewable Power GmbH
  • Irena Ratkovic Malbasa, Director, Zagreb na Savi and many others.

Among participants 2017:
Albanian Power Corporation (KESH), ANDRITZ HYDRO, Bulgarian National Electric Company (NEK), Crnogorski elektroprenosni sistem (CGES), EFT Group, Electricity Power Distribution Operator (OSHEE), Elektroprivreda Republike Srpske (BiH), HSE Invest, Macedonian Powerplants (ELEM), Montenegrin Electric Enterprise (EPCG), Pöyry Energy, VERBUND Hydro Power, Zagreb na Savi, Stucky and many others.

 

Programme Highlights 2018:

  • Balkan greenfield projects with 2019-2025 implementation period: Albania, Serbia, Bosnia and Herzegovina, Macedonia, Croatia, Slovenia, Montenegro, Bulgaria, Romania and Kosovo
  • Energy Ministerial Meetingon international cooperation and effective implementation of the investment projects in the Balkans
  • Onsite visit to one of the most progressive HPPs in the Balkan region– explore effective project execution strategies!
  • Meeting the investors: project initiators will discuss collaboration opportunities with international investors within prescheduled meetings
  • Leaders’ debate: Single region implies consolidated energy market! Projections of governments, initiators and investors. Finance and investment landscape
  • Case studies from companies, successfully carrying out their projects for HPPs’ construction and modernization across the region
  • Tailor-made session and exclusive exhibition: innovative solutions and equipment in the context of greenfield and brownfield development
  • Unparalleled networking opportunities: gala dinner, exhibition, champagne roundtables, and face-to-face meetings
  • FAST AND EFFICIENT! Roadshow of breakthrough technologies and equipment

The post Montenegro: 2nd annual International investment Summit and Exhibition “Hydropower Balkans 2018” appeared first on EnergyWorld Magazine.

Canada: More protests in Ottawa against the Trans Mountain oil pipeline project

Пон., 06/11/2018 - 16:50

The whole pipeline saga seems to be spinning in circles and not getting anywhere. It’s time the Canadian Prime Minister, Justin Trudeau, demonstrates leadership and addresses the nation on national television with a clear outline as to what the pipeline means to the entire country and a clear plan as to how it is going to get built.

“If the military needs to be brought in to deal with protesters, so be it. We can’t continue to have the tail wag the dog in this country and stifle our economic growth,” according to Jack Jones from Edmonton press.

 

 

Source: Edmonton Journal.

The post Canada: More protests in Ottawa against the Trans Mountain oil pipeline project appeared first on EnergyWorld Magazine.

Romania, Ministry of Economy: Transgaz kicks off BRUA pipeline construction

Вт., 06/07/2018 - 12:00

National gas transmission company Transgaz announces having kicked off on Monday the construction of the BRUA pipeline, a project of national interest, namely Phase I, according to a press release by the Ministry of Economy.

Transgaz is building the infrastructure on Romania’s territory, from the Bulgaria-Romania-Hungary-Austria corridor, Phase 1 (BRUA – Phase I) – project backed by the European Commission, important at a national and regional level, due to the fact that it diversifies gas sources.

The BRUA Phase 1 project includes the construction of the Podisor-Recas natural gas transmission pipeline, 479-kilometer long, with a diameter of 32 “(Dn 800) and a design pressure of 63 bar.The estimated total value for Phase I is of 478.6 million euro.

Within the BRUA Phase 1, Transgaz has already been working, since April 14, on the three compression stations, from Podisor, Jupa and Bibesti, where 40 percent of eligible expenses are covered by the European Union, through a grant worth 179.3 million Euro.

Economy Minister Danut Andrusca declared himself satisfied of the way Transgaz has managed until now the works for the BRUA project and underlined the importance of keeping to the timetable of the works.

Transgaz CEO Ion Sterian stated, in his turn, that the national gas transporter has the necessary resources and capacity to finalize the BRUA project, in compliance with the financial commitments and the time frame.

“We are rigorously monitoring both the works (…) at the pipeline and at the compression stations. We are in permanent contact with contractors in order to ensure that all works are on schedule and that they fulfill the necessary quality and safety standards. The BRUA segment on Romania’s territory will allow us to cash in important sums of money from transport and transit tariffs,” Ion Sterian, Transgaz CEO, stated.

The post Romania, Ministry of Economy: Transgaz kicks off BRUA pipeline construction appeared first on EnergyWorld Magazine.

Romania: Households may receive state aid for installing solar panels

Вт., 06/05/2018 - 14:53

Romania’s Environment Fund Administration plans to carry out a project that will offer non-reimbursable financing to individuals who install photo-voltaic panels at home to produce electricity, according to official sources cited by local media.

Up to 20,000 households may get financing through this program to install photo-voltaic panels with a nominal capacity of 6 KW each. The grants for each household will be EUR 5,000, according to the same sources.

The support scheme should also be approved by the European Commission.

 

 

 

Source: Economica.net.

The post Romania: Households may receive state aid for installing solar panels appeared first on EnergyWorld Magazine.

Romania: Black Sea Gas will most likely enter the market on July 2021

Вт., 05/31/2018 - 16:54

SNTGN Transgaz SA informs that within the Binding Stage of the incremental capacity process for the Tuzla Point, held between 03.05. – 18.05.2018, has received binding requests for incremental capacity for the point of entry into the national transport system (NTS), expected to be created in the area of ​​Tuzla, Constanta County, for the purpose of taking over the natural gas from the Black Sea.

The applications were analyzed in accordance with the provisions regarding the “Incremental Capacity Reservation procedure in the National Gas Transmission System through the carrying out of incremental capacity processes having as subject points of entry/exit into/from the National Gas Transmission System, other than the interconnection points to be created/developed through the projects included in the investment plans and development of the National Gas Transmission System for the next 10 years “, approved by the ANRE Notice no. 13/2017 (hereinafter referred to as the Procedure).

In the analysis carried out by SNTGN Transgaz SA it was found that the minimum capacity threshold mentioned in the documentation related to the Binding Stage of the Incremental Capacity Process for the entry point in the Tuzla SNT was reached. The cumulated value of the allocated capacity over the entire auctioned period is 1,278,084,480 MWh, higher than the minimum threshold of 1,277,213,582 MWh. The cumulative value of the commitments of the nominated winning applicants is of RON 2,949,358.14 thousand, RON 2,011.78 thousand higher than the present value of the estimated increase in the allowable income associated with the incremental capacity offered under this procedure (2,947,346.36 thousand lei).

Aggregate result of the capacity allocation process:

As a result, SNTGN Transgaz SA announces that the incremental capacity reservation process at the expected entry point in the Black Sea NTS – PM TUZLA – Binding Stage has been successfully completed.

The post Romania: Black Sea Gas will most likely enter the market on July 2021 appeared first on EnergyWorld Magazine.

EU, Romania: New rules governing foreign workers were adopted by the European Parliament

Ср., 05/30/2018 - 18:34

The revised rules adopted by the European Parliament mean posted workers will be entitled to the same level of pay as their local counterparts and will be implemented in a maximum of two years time by each member state.

In France, the UK and Germany there have been complaints of unfair competition from cheaper eastern European labour, said to undercut locals. This has also been an issue for the Brexit lobby.

Brexit campaigners argued that EU freedom of movement was undermining British workers in sectors such as construction and food processing, with some firms cutting costs by importing workers from the newer EU states, such as Poland and Romania.

Many firms, however, argue that they hire foreign workers for jobs that Britons cannot fill, for lack of the necessary skills.

Under the new rules, firms sending workers to another EU country will have to cover their travel, board and accommodation costs – not deduct those costs from the workers’ salaries.

The accommodation provided will have to meet local standards.

The duration of the posting has been set at a maximum of 12 months, with a possible extension of six months. Beyond that period, a worker who stays on will have to be governed by the host country’s labour rules.

 

 

Read more about this new European policy on BBC News.

The post EU, Romania: New rules governing foreign workers were adopted by the European Parliament appeared first on EnergyWorld Magazine.

Romania: Petrobrazi Refinery resumes operations after turnaround

Ср., 05/30/2018 - 17:01
  • Petrobrazi Refinery turnaround lasted 6 weeks and required approximately 2 million of worked man- hours
  • Operations resumed on schedule following EUR 45 mn modernization and maintenance works

On May 28, operations were resumed right on schedule at Petrobrazi Refinery in Ploiesti, after the 6 weeks planned turnaround. The turnaround consisted in periodical maintenance works, inspections and verifications of refinery facilities, requiring approximately 2 million worked man-hours. The total value of the project, covering investment and costs was around EUR 45 mn.

”Our facilities are currently 100% available as we restarted the production of refined products one unit at a time. After restart, we are fully operational and able to process more than 12,000 tonnes of crude per day. I am happy that this turnaround, which consisted in tens of thousands of different operations, went extremely smooth, without any significant incidents and lost time injuries, while ensuring continuity of supply to our filling stations network”, said Neil Anthony Morgan, member of OMV Petrom Executive Board, responsible for Downstream Oil.

The next turnaround is scheduled for 2022, four years from now. Extensive investments and modernization works over the years allowed to extend the period between two turnarounds. Before 2014, turnarounds of this type were performed annually and, after the finalization of Petrobrazi modernization program, the mean time between turnarounds was extended to two years. As a general industry practice, during turnarounds, production  operations are suspended.

Petrobrazi turnaround in figures:

► ~ 2 million man-hours worked, without any significant incidents

► 5,000 workers involved, 4,000 more than during normal operation

► Verifications of 3,720 pipelines and 9,300 pieces of electronic and automation equipment.

The post Romania: Petrobrazi Refinery resumes operations after turnaround appeared first on EnergyWorld Magazine.

Romania: Nuclearelectrica wins litigation with Fondul Proprietatea on capital increase

Пет., 05/25/2018 - 11:48

National Company Nuclearelectrica has won the litigation initiated by Fondul Poprietatea, the court establishing the fact that SNN acted lawfully in the increase operation of the registered capital with a cash contribution of the Romanian state amounting to 194,376,700 lei (rd 41 million euro, ed. n.), representing the value of budget allocations corresponding to 2006-2009 for the accomplishment of Unit 2 and financing the works of Unit 3-5 of CNE Cernavoda (Romania’s nuclear power plant, ed. n.), according to a report sent to the Bucharest Stock Exchange (BVB) on Monday.

” The National Company Nuclearelectrica SA (SNN) informs shareholders and investors that the last hearing in the case no. 40046/3/2014 – the appeal took place on 18 April 2018, pending with the Court of Appeal in Bucharest, in the matter of the annulment of the Decision of the Extraordinary General Meeting of Shareholders (AGEA) SNN no. 8/06.10.2014, the plaintiff being Fondul Proprietatea SA. In its final ruling, the Bucharest Court of Appeal rejected the appeal formulated by Fondul Proprietatea SA thus maintaining as comprehensive and legal the sentence of the Bucharest Court noting the legality of the Decision of the Extraordinary General Meeting of Shareholders (AGEA) SNN no. 8/06.10.2014. Thus, SNN has won the litigation initiated by Fondul Proprietatea, the court establishing the fact that SNN acted lawfully in the increase operation of the registered capital with a cash contribution of the Romanian state amounting to 194,376,700 lei, representing the value of budget allocations corresponding to 2006-2009 for the accomplishment of Unit 2 and financing the works of Unit 3-5 of CNE Cernavoda,” reads the document.

The post Romania: Nuclearelectrica wins litigation with Fondul Proprietatea on capital increase appeared first on EnergyWorld Magazine.

Romania: Gas prices to grow significantly in the winter due to oil quotations

Вт., 05/24/2018 - 13:48

The gas price on the Romanian market, both domestic and imported, will increase significantly in the following winter duet o higher oil quotations.

”In Romania, the price of imported gas is related to crude oil prices, which have grown a lot lately, so we expect the winter price to rise significantly, that’s clear. Gas import will also have an impact in the final price,” Frank Hajdinjak, General Manager of E.ON Romania said in a press conference on Thursday.

Moreover, according to him, since there is no real competition on the market, being only two domestic producers, ”there is a high risk that the domestic production price, including the storage tariff will reach the import price level.

He showed that, already last winter, the price of imported gas was 20 percent higher than in the previous winter, due to the increase in oil quotations.

The post Romania: Gas prices to grow significantly in the winter due to oil quotations appeared first on EnergyWorld Magazine.

Romania: Craft Bicycle start-up, national winner of the PowerUp! competition

Вт., 05/24/2018 - 10:56

Craft Bicycle start-up, which reinvents the biking industry by building bamboo bikes, was selected as the Country Finalist of the PowerUp! by EIT InnoEnergy competition which took place in Bucharest, on May 22. To the final pitching session participated the best 11 start-ups working on energy and cleantech solutions.

Second place was awarded to Ride Safe, a mobility related start-up, which showcased a product and software that builds a solution for motorcycle industry to connect automatically to an ambulance in case of a crash. Air Solaris, developing a cooling system through solar energy, took third place, representing Republic of Moldavia.

  • It is the second year when I am involved in the assessment of the solutions submitted in the competition and I must say that their potential is impressive. This year we had more than 25 start-ups. Some of the pitched solutions provide pragmatic solutions to the eco challenges Romania is facing. This is why it is important to give the deserved credit to these start-ups, as they can consistently contribute to innovation in energy and improve the air quality in European cities and increase the cleanliness of the environment. Global applicability was one of the most important criteria taken into account by the jury, says Vlad Suteu, Hub Manager for Romania.

 

Over 25 Romanian start-ups from Romania and Moldavia submitted applications for the competition, out of which the best 11 were selected to pitch their solutions. Overall, 299 start-ups from 24 countries in Central and Eastern Europe participated in the fourth edition of the biggest competition for cleantech start-ups, which is organised by EIT InnoEnergy. The Country Final was held in Bucharest and was preceded by intensive Bootcamps. The participants had the opportunity to confirm their business models and improve their presentation skills.

During the Country Final, the top 11 start-ups from Romania presented their innovative solutions to the jury, investors and media representatives. 5 of them pitched cleantech solutions, 3 – smart city solutions, 2 – energy solutions and one of them – a mobility related solution.

  • It is a great honor for us to win first place from the most brilliant startups we have encountered so far and we are very excited to represent Romania in the international final, says Sabin Dimian, co-founder Craft Bycicle.

 

The participants were assessed not only in terms of the professional content of their project, but also in the context of business awareness and the potential of the team and product. The jury was composed of Michal Bias (InnoEnergy), Cristina Toncu (Techcelerator), Paul Zoicas (Digital Transformers), Alex Burciu (Investor), Cristian Orasanu (Serial Entrepreneur) and Cristian Dascalu (GapMinder Venture Capital Fund).

Agnieszka Wasilewska-Semail (CEO, RAFAKO – the PowerGold Partner of the Competition) sees the importance of the Competition in the following way:

We are backing the mission of InnoEnergy to create an impact in terms of innovation in sustainable energy, which is very much aligned with the business motivation of RAFAKO, since our work is not only limited to the design and manufacture of equipment. Our ambitious goal is to make power generation as environmentally friendly as possible. The PowerUp! Competition fits into the goals of RAFAKO perfectly and we hope that the discovered start-ups will contribute to a cleaner environment.

On 19th of June winning team will face the winners of the other country editions of the Competition at the Žofín Palace in Prague, where they will compete for financial prizes (€30,000 EUR for first place) as well as participation in the prestigious Highway® accelerator, which helps transform start-ups at an early development stage into successful businesses.

The post Romania: Craft Bicycle start-up, national winner of the PowerUp! competition appeared first on EnergyWorld Magazine.

Ukraine: SEF 2018 Kyiv will present trends that change the world and identify the best 2018 projects in the sustainable energy field

Ср., 05/23/2018 - 14:36

One of the largest business events in Eastern Europe devoted to the latest technologies in the energy field – the 10th International Sustainable Energy Forum and Trade Show SEF 2018 KYIV, will be held on October 16-19 in Kyiv.

This year, SEF 2018 KYIV will continue 4 days –  1 day more than in 2017, because the active development of energy technologies and favorable investment conditions for the implementation of “green” projects in Ukraine create new opportunities for developers, manufacturers, suppliers, service companies and banks in all segments of the market.

The SEF 2018 KYIV Forum will take place on October 16  in Kyiv (Hilton Hotel), and will gather over 500 participants from more than 30 countries, the level of which is represented traditionally by the owners and top managers of the companies – the largest market players, as well as reputable international experts and heads of sectoral government departments and companies.

The speakers will present the latest trends and technologies which are changing the energy landscape and affecting the local markets and projects. The participants of the SEF 2018 KYIV Forum will have the opportunity to get answers to topical financial, legal and technical questions regarding the features of the construction of sustainable energy objects, as well as energy supply of various industrial and commercial facilities on the markets of Central and Eastern Europe.

The business program of October 16th consists of three conferences: “SEF: Solar energy”, “Total energy efficiency 1.0: Innovative construction and energy consumption”, “SEF Legal and Investments: aspects of the development of sustainable energy projects”.

Also, the SEF AWARDS 2018 Ceremony will be held on the first day of the SEF Forum. It will announce the best projects in the sustainable energy field of Central and Eastern Europe.

On October 17-19, the SEF 2018 KYIV Trade Show will take place in the AKKO International Exhibition Center, where more than 100 exhibitors will represent equipment, technological solutions and services for the renewable energy industry and energy infrastructure.
Traditionally the Exposition of SEF KYIV will be supplemented by the line of powerful B2B and B2C events devoted to the most urgent questions of green energy and energy efficiency. In particular, on October 17, the conferences “SEF: Wind Energy” and “Energy efficient solutions for private houses and apartments” will be held.

On October 18 will be held at a conference “Renewable energy for households” and the first Ukrainian certified training for the solar energy installers.

The business program of the trade show will also include the block of B2B meetings, traditionally named by market participants the platform for effective negotiations and contracting.

SEF 2018 KYIV is organized by Innovative Business Centre (IB Centre), the producer of the largest events in the sustainable energy field and high technologies in the region of Central and Eastern Europe for the last 10 years.

Become a participant of SEF 2018 KYIV and join world-renowned experts community, participants of the international energy market, suppliers of modern technology solutions in the field of energy efficiency and renewable energy – companies and personalities who, through their activities and achievements, are actively changing the energy landscape of Eastern Europe.

Projects in the field of new energy technologies start here!

Registration on SEF-2018 KYIV: sefkyiv.com

The post Ukraine: SEF 2018 Kyiv will present trends that change the world and identify the best 2018 projects in the sustainable energy field appeared first on EnergyWorld Magazine.

Romania: Regional hub for energy security, at a time when energy policies are being reviewed

Вт., 05/22/2018 - 16:38

The National Energy System is sound and viable, and Romania has what it takes to be an energy exporter, says the Romanian line minister Anton Anton, adding that, at a time when energy policies are being reviewed in Europe and around the world, Romania is a participant in the establishment and development of the Energy Union together with the other EU member countries.

Bucharest aims to become a regional hub of energy security, and not just a sale market, to be an interchange of the transport routes that cross the European Union, as well as an efficient and competitive producer of natural gas and energy in Europe.

What are these goals based on? As Minister Anton puts it, on an energy mix that is a major competitive advantage for Romania in Europe: “We have a country full of resources. Romania is one of the few countries in the EU that can take pride in the diversity of their resources. With these resources, and with the low production capabilities that we have at present, we manage to cover the entire national demand for electricity, and, furthermore, we can also export energy in the region. Romania is an energy security hub.”

Moreover, once extraction begins on the Black Sea continental shelf, Romania may strengthen its position, and from an almost independent player in the European natural gas market it may reach a situation where it no longer needs Russian gas imports at all, says a Deloitte study made public recently.

Romania’s domestic output already covers most of the country’s natural gas demand. Out of the 28 EU member countries, Romania ranks 3rd, after Estonia and Denmark, as far as resource imports are concerned. Razvan Nicolescu, a former Energy Minister and currently working for the Deloitte agency, explained that offshore deposits might yield a total of 170 billion cubic metres of natural gas that is 5 billion cubic metres per year on average.

 

 

 

Read more on this story on Radio Romania International.

The post Romania: Regional hub for energy security, at a time when energy policies are being reviewed appeared first on EnergyWorld Magazine.

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