Europe: Brent oil, TTF...

During the fourth week of June, Brent crude oil futures prices experienced a...

Europe: Electricity prices fall...

In the fourth week of June, average electricity prices declined across most major...

Europe: Electricity demand rises...

During the week of June 23, electricity demand rose across most major European...

Solar and wind energy...

During the week of June 23, solar photovoltaic (PV) energy production rose in...
Supported byClarion Energy
HomeSEE Energy NewsBankwatch Romania is...

Bankwatch Romania is against the plan to expand the coalmine operated by EC Oltenia

Environmental non-governmental organization Bankwatch Romania said that it is against the plan to expand the coalmine operated by Energy Complex (EC) Oltenia in Gorj country to a capacity of 8 million tons per year.

Alexandra Doroftei from Bankwatch Romania said that the deforestation for the coalmine’s expansion and then burning lignite will have a double negative effect on the environment by increasing CO2 emissions and reducing the absorption capacities.

According to Bankwatch Romania, the decision to expand the coalmine is motivated by the decision to postpone the decommissioning of 660 MW in coal-fired units at TPPs Rovinari and Turceni from 31 December 2022 to 30 October 2023.

The NGO also noted that the draft decarbonization law has already undergone substantial changes, mostly negative, before being adopted. The purpose of the decarbonization law is to establish the framework for reducing CO2 emissions in the energy sector, but the most recent changes have precisely the opposite effect. Subsequently, it implies negative impacts on the progress of Romania’s National Recovery and Resilience Plan (PNRR) and on the restructuring plan at EC Oltenia that is being carried out under the supervision of the European Commission.

Sign up for updates & special reports

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Europe: Brent oil, TTF gas and CO2 prices decline in late June amid easing Middle East tensions

During the fourth week of June, Brent crude oil futures prices experienced a decline. On Monday, June 23, the price settled at $71.48 per barrel, already 7.2% lower than the last session of the previous week. Prices continued to...

Europe: Electricity prices fall in late June amid lower gas costs and high renewables

In the fourth week of June, average electricity prices declined across most major European markets compared to the previous week. The United Kingdom’s N2EX market experienced the largest drop, falling by 28%. Other markets saw decreases ranging from 1.3%...

Europe: Electricity demand rises in most markets amid seasonal shifts and holidays

During the week of June 23, electricity demand rose across most major European markets compared to the previous week. Germany and Italy saw the largest increases, with demand growing by 8.2% and 8.1% respectively. France experienced the smallest increase...
Supported byVirtu Energy
error: Content is protected !!