Intellinews - Romania Energy Report

01-Apr-2012 | News-Press Release

The IntelliNews Romania Energy Sector Report offers an extensive summary of the Romanian energy sector, segmented into electricity, thermal, water, gas, oil and renewable energy markets. It includes a complete coverage of the latest developments, trends and corporate news, accompanied by thorough statistics and comments. This sector report is ideal to keep you abreast on recent company and industry news. Written by local professionals, it is a unique market and business intelligence analysis, tailored to save time by providing in-depth information, while helping you to make confident and informed business decisions.
 Executive Summary
The energy sector reforms calendar is very dense and it includes the privatisation of key assets and public offerings [IPOs or SPOs] in most of the state’s companies. The state pulling out from the power generation sector and other key companies is expected to encourage private investors increase their involvement. The government will also draft the liberalisation of the electricity and natural gas markets and further encourage investments. The mining- power generation companies, formed recently by the re-arranging of the viable mines with coal-fired power plant and accounting for some 30% of the country’s electricity, will be fully privatised. The state will also sell 10% stakes in key power generation companies Nuclearelectrica and Hidroelectrica and 15% in gas producer Romgaz. It will possibly will try again sell 10% in OMV Petrom. The electricity market liberalisation calendar was already sketched, but the major challenges are related to the natural gas market particularly given the lack of competition on the supply side. top market research companies
 Table of Contents
 Executive Summary
 1. MACRO UPDATE -with a focus on energy sector
 EC urges Romania to comply with electricity, gas internal market directives
 Low hydropower output puts pressure on the electricity prices.
Romania asks IMF, EU for permission to delay energy market liberalisation
 …but drafts new electricity, natural gas laws in line with EU directives…
 … and clears sale of 10% in Hidroelectrica and Nuclearelectrica, 15% IPO at Romgaz.
 German RWE tones down interest in Nabucco gas pipeline project.
Romania schedules liberalisation calendar for electricity market.
 Antitrust body clears establishment of mining/power generation holding.
 Hidroelectrica to charge higher prices under long-term contracts.
 Hidroelectrica invokes emergency situation, cuts power deliveries starting fall 2011.
 Q1 hydro power production remains low.
 Hidroelectrica commissions 27MW hydropower plant.
 Hidroelectrica 2011 gross profit plunges to EUR 2.3mn.
 Romania to pick partner for 1GW pumped-storage hydropower plant next spring.
 Nuke plant co extends tender deadline for partner in 1,440MW project.
 Korea Nuclear confirms commitment to join expansion of Romanian nuclear plant.
 Enel acquires all permits for 900MW coal power plant in Romania
 Government endorses renewable energy support scheme.
 Renewable energy investors prefer government’s incentives over EU grants.
 Romania’s installed wind farm capacity to reach 5GWh by end-2016.
 Romania to freeze natural gas prices for residential users by end-March 2013;
 liberalisation model still in limbo.
 For more information kindly visit :
Intellinews - Romania Energy Report
 Bharat Book Bureau
 Tel: +91 22 27810772 / 27810773
 Fax: + 91 22 27812290
 Follow us on twitter:!/Sandhya3B

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