BUSINESS

Coal, basic element for electricity generation in Romania

Romania’s energy strategy will continue to rely on coal for the production of electric energy, Tudor Serban, an adviser to Economy Minister Ion Ariton, said Thursday. ”Costs are sure to rise in the foreseeable future,” Serban said, while at a conference organized by the Turceni Energy Complex, according to Mediafax.

The Energy Complex of Turceni is keen to shrink by nearly one year the time interval during which it needs to cover the deficit in greenhouse gas emission certificates. The plant needs EUR 25 M to acquire the documents.
“By 2013, we need to make up for the deficit in greenhouse gas emission certificates, which comes down to 1.8 M certificates. I set out to break even by 2012,” Laurentiu Graure, General Manager Turceni Energy Complex, said, who added that the energy producer has already reduced the deficit by 600,00 certificates purchased via the Romanian Commodities Exchange and the Electric Energy Operator in Romania (OPCOM), with 500,000 more certificates to be bought in the second half. A certificate is priced at EUR 12-14, Graure also said. Separately, the National Pit Coal Corporation workforce will be cut down to 5,000 by 2018, from 8,000 last year. In its turn, Oltenia National Lignite Corporation will lay off 1000 employees.

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