information on the energy sector
THE TARNIŢA PROJECT – A SYNTHESIS OF ADMINISTRATIVE INABILITY
The Tarnița project dates back to the 1930s and was rewritten according to the technologies from the middle of the 1970s by extremely capable engineers. It was then when it was realized that such a project would need about seven years to be built. Recalled by almost each minister in the pas few decades, the project found its way into the investment speech of the new minister of Energy, who mentioned the pumping hydroelectric power plant in Tarnița among the great investment objective in the energy sector.
SIEMENS TO REHABILITATE 14 POWER TRANSFORMATION STATIONS IN THE REPUBLIC OF MOLDOVA
Engineering company Siemens own the contract for the rehabilitation of 14 medium voltage transformation stations in the Republic of Moldova which are owned by Moldelectrica.
TURKEY'S GREENHOUSE GAS EMISSIONS UP 4.4% IN 2016
Turkey's total greenhouse gas (GHG) emissions increased by 4.4 percent to nearly 496.1 million tonnes of CO2 equivalent in 2016 from 475.1 million tonnes of CO2 equivalent in 2015, according to Turkish Statistical Institute's (Turkstat) data on Friday.
ETHIOPIA: TURKISH BUSINESS GROUP URGES FREE TRADE PACT
A Turkish business delegation visiting Addis Ababa on Friday called for a free trade pact between Ethiopia and Turkey in a bid to boost bilateral economic ties.
PPC UNION LAUNCHES STRIKE ACTION AS LIGNITE SALE PLAN LEGISLATION NEARS
Genop, the main power utility PPC’s union, will today launch its protest against a bailout-required sale plan offering 40 percent of the utility’s lignite facilities by occupying the utility’s Megalopoli lignite facility in the Peloponnese, one of a number of assets included in the lignite sale package.
OTE ENTRY INTO ELECTRICITY MARKET TO IMPACT CONDITIONS
A decision by Greek telecommunications market leader OTE to make a full-fledged entry into the retail electricity market, according to energypress sources, promises to make an enormous impact on the market and create new market conditions.
BOGDAN BADEA, HIDROELECTRICA: BREATHING NEW LIFE INTO THE VIDRARU HYDROPOWER DEVELOPMENT
One of the keynote speakers at Spring Cocktail 2018, Bogdan Badea, the Chairman of the Hidroelectrica Directorate announced that the electricity producer registered a record gross profit of 500 million lei in the first quarter of this year. The company’s director also showed that between 2018 and 2020, Hidroelectrica plans to complete new hydropower plants with a total installed capacity of about 140 MW. In an interview published in the Spring edition of energynomics Magazine, Bogdan Badea detailed on modernizing the Vidraru Hydropower Development..
TINMAR ENERGY TARGETS A MILLION CUSTOMERS IN THREE YEARS
Electricity and Gas supplier Tinmar Energy, a division of Tinmar Group, a holding owned by Augustin Oancea, is starting to expand its domestic consumer market in April, targeting a one million customers portfolio over the next three years or over 10% of the market.
IN THE SUMMER, THE PRICE OF NATURAL GAS WILL BE IN THE RANGE OF 70-72 LEI PER KWH (QUARTERLY BULLETIN “NATURAL GAS PRICE”, VOL. III)
Data from the Quarterly Bulletin “Natural Gas Price”, Volume III, produced by the Intelligent Energy Association, shows that the end of 2017 has brought a significant increase in the price of gas on the market. This rise stemmed from persuasive actions inducing in the market the idea of a gas crisis in the Winter of 2017-2018 and the need to raise gas market prices to prevent this crisis. Such a signal drew the attention of market participants who panicked and caused an escalation in gas prices in December 2017-January 2018. Winter 2017-2018 was relatively mild, with only two episodes in which temperatures fell below the normal minimum levels. These factors determined that after January 2018 there would be corrections to the price of natural gas, for re-entering a trend similar to that in 2017. The price of natural gas decreased, as compared to the peak reached in January 2018, and the trend will continue in the Summer months.
CLEAN ENERGY INVESTMENT GROWS, BUT GLOBAL CO2 EMISSIONS REACH NEW RECORD HIGH
In its State of Clean Energy Investment report, Bloomberg New Energy Finance (BNEF) finds global investment in renewable energy grew 3% in 2017, while costs continued to fall. The International Energy Agency’s (IEA) Global Energy and CO2 Status Report, meanwhile, declares that CO2 emissions grew 1.4% to a historic high of 32.5 gigatons over the same period.