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MEYER, FP: GEO 114 AFFECTS THE SALE OF HIDROELECTRICA, THE FUND MAY SUE THE STATE/ BOGDAN TUDORACHE / ENERGYNOMICS.RO

It is hard to believe that Fondul Proprietatea will sell the Hidroelectrica package, due to the price pressures exerted following the adoption of GEO 114/2018, says Johan Meyer, Fondul Proprietatea (FP) manager. Asked if he tried to find a buyer for Hidroelectrica’s share package, he replied that he tried and mentioned that under the circumstances of external factors such as GEO 114, which changes the basis for companies to generate their profit, any potential investor would want to have certainties about exact the implications before offering a firm price.

07.04.2019 · ROMANIA

ROMANIA WILL INVEST 720 MILLION EURO IN EXPANDING GAS STORAGE, BUT DUE TO GEO 114, RISKS TO FAIL BECOMING A REGIONAL HUB / BOGDAN TUDORACHE / ENERGYNOMICS.RO

Romania will invest around 720 million euro in expanding gas storage capacity in the medium term to increase its current capacity to 3.8 billion cubic meters (bcm), says Dimitrios Mezartasoglou, Associate Research Institute for Energy for South East Europe Europe (IENE).

07.04.2019 · ROMANIA

MAYORS CAN DECIDE THE EXPANSION OF NATURAL GAS DISTRIBUTION NETWORKS / ENERGYNOMICS.RO

The Government today approved, at the proposal of the Ministry of Energy, the Government Decision on the establishment of the general framework for the legal regime of the gas utility concession public utility contracts, for gas distribution, the procedures for concession granting, the content of the framework of the tender specifications.

07.04.2019 · ROMANIA

BULGARIA DOESN’T WANT TO GIVE UP ON COAL, USES BIOMASS AS STATISTICAL TRICK / BOGDAN TUDORACHE / ENERGYNOMICS.RO

The Bulgarian government doesn’t want to phase out coal, and there is basically no new renewable investment projected by 2030 in the National energy and Climate Plan, says Martin Vladimirov, Foundation for Study of Democracy, Bulgaria.

07.04.2019 · BULGARIA

CORINA POPESCU: IT IS IMPORTANT FOR THE ROMANIAN ENERGY SECTOR TO BE MORE PROACTIVE / ENERGYNOMICS.RO

One of the seven keynote speakers invited to open the 6th edition of Spring Cocktail, organized by energynomics.ro on March 27, was Corina Popescu, CEO of Electrica SA. She talked about the plans of the group’s, but also about what she believes to be of uttermost importance for the local energy industry. “I think it is important for each of us to understand what happens around us and, based on this, to define our strategy not only for this year, but for medium and long term”, Corina Popescu argued. “I think it is important for the Romanian energy sector to be more proactive. There are a lot of good specialists working in this industry and our voices need to be much stronger in Brussels”, she urged. Corina Popescu said that it was her opinion that what the experts in the ministry of Energy are doing do “respect the best practices” at European level.

07.04.2019 · ROMANIA

0.04 LEI ADDED TO GASOLINE PRICES IN A WEEK (0.7%); DIESEL PRICES DECLINE BY 0.05 LEI PER LITER / ENERGYNOMICS.RO

The price of gasolines sold by Petrom climbed four bani during the last week in all eight stations monitored by energynomics.ro, reaching in each city the highest level of the year. Thus, the upward trend in gasoline prices continues, with an average increase of 0.7%, the 11th in the last 13 weeks. Since January 7, gasoline price increased on average by 10.54%.

07.04.2019 · ROMANIA

GAVRILESCU: THE PROGRAM FOR PROSUMERS WILL BE LAUNCHED AFTER MAY 1 / ENERGYNOMICS.RO

The installation program of the prosumer PV panels will be launched near May 1, with the allocated budget being of 130 million euro, Environment Minister Gratiela Gavrilescu said.

07.04.2019 · ROMANIA

NO-DEAL BREXIT WILL HIT EASTERN EUROPE TRADE: EBRD / ENERGYNOMICS.RO

Trade in a host of Europe’s emerging economies and nearby Turkey will be hit if Britain crashes out of the European Union without a transition deal in place, the European Bank for Reconstruction and Development said.

07.04.2019 · BREXIT

VIOHALCO ELECTRICITY DEAL WITH PPC SETS STANDARD FOR INDUSTRY / ENERGYPRESS.EU

Leading metal processing company Viohalco, Greece’s second-biggest electricity consumer, has reached an electricity supply agreement with the main power utility PPC following many months of negotiations, achieved following concessions by both sides and the constructive role of two crucial factors that set standards for the wider industrial sector.

07.04.2019 · GREECE

ELPE, SEEKING GAS ENTRY, WANTS MAJORITY STAKE IN DEPA TRADE / ENERGYPRESS.EU

ELPE (Hellenic Petroleum) is determined to bid for a majority stake of DEPA Trade, one of two new corporate entities emerging from a recent split of gas utility DEPA, as part of the petroleum group’s plan to enter the natural gas market, ELPE officials have reiterated just days after a tender offering a 50.1 percent stake of ELPE failed to produce a result.

07.04.2019 · GREECE

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