TRANSELECTRICA: 100MW STORAGE IS NEEDED FOR EACH ADDITIONAL 300MW INSTALLED IN WPP
Romania is almost reaching its target for the share of renewable energy in total national energy consumption for 2020 – 24%. However, for reaching the 2030 target, significant changes in legislation are needed fast in order to attract new investments in renewables capacities. And they have to come together with storage systems.
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.
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.
ORADEA IS THE ONLY CITY IN ROMANIA WHERE THE NUMBER OF SACET CLIENTS IS INCREASING
Oradea City Hall shall continue this year the project for the rehabilitation of the heating network by replacing 23 kilometers of networks and modernizing the thermal points, project for which approximatively EUR 32 million were allocated. The initiative continues ample actions prior to modernizing the centralized heating system in Oradea. We talked with deputy mayor Mircea Mălan in order to find out details about the way of functioning and administration of the city’s heating network.
EFFECTIVE TAXATION OF THE UPSTREAM SECTOR IN ROMANIA REMAINS DOUBLE THAT THE AVERAGE IN THE EUROPEAN COUNTRIES (DELOITTE STUDY)
The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) presented in a press conference the results of the annual study where experts from Deloitte Romania analyze the development of effective taxation applied to oil and gas industry in Romania, compared to the situation in the European states.
FIC: ROMANIAN BUREAUCRACY BANISHES NEW INVESTORS AND DISCOURAGES THE PRESENT
Foreign investors consider that the bureaucracy makes Romania uncompetitive compared to other areas in Europe where they are doing business and complains about the lack of transparency and consistency in the adoption and implementation of public policies, writes a press release of the Foreign Investors Council (FIC).
ROBERT BRÜCKMANN (ECLAREON): COST OF CAPITAL HINDERS ROMANIA’S RENEWABLE ENERGY DEVELOPMENT
Cost competitive renewable energies can help Romania to benefit from the European Cooperation mechanism and generate additional revenues. In this context, the costs of capital for renewable energy projects are a decisive factor for Romania’s future renewable energy policies, underlined Robert Brückmann from the international consulting company eclareon, one of the participants in the dedicated workshop organized by the EUFORES, at the Parliament Palace in Bucharest (March 22).