Conpet to Enter the Solar Energy Market
Investment of RON 3mln in 5 Own Locations
The general objective of the project is to increase energy efficiency and supply security – in the context of climate change – by capturing solar energy, in line with the national and European strategies on unlocking the potential of renewable energy.
The General Meeting of Shareholders (GMS) of the national operator of the oil transmission network Conpet Ploiesti will debate, on June 12, 2020, the company’s Investment Strategy for the period 2020-2025.
“Conpet’s strategic directions in the investment field for the period 2020-2025 are the following: upgrading and securing the national transmission system, increasing operational safety, reducing energy consumption, developing new activities related and not related to the core business, monitoring operational programs and priority axes in order to access European funds and other forms of non-reimbursable financing,” according to the company’s official website.
The Investment Strategy also provides for the development of a photovoltaic park, following an investment of RON 3mln, having as locations the oil pumping stations Poiana Lacului, Cartojani, Barbatesti, Baicoi and Calareti.
The general objective of the project is to increase energy efficiency and supply security – in the context of climate change – by capturing solar energy, in line with the national and European strategies on unlocking the potential of renewable energy. The specific objectives are: developing photovoltaic parks, generating revenue; reducing reliance on imported, fossil primary energy resources and diversifying energy sources; generating environmental benefits by the corresponding reduction of pollution – reducing greenhouse gas emissions and thus combating climate change; technical education by acquiring know-how on RES technologies and creating a nucleus of specialists within the company.
During 2020-2025, Conpet also plans to replace 124 kilometres of oil transmission pipelines (24 kilometres through the work ‘Replacement of links for Danube C1-C2 and Borcea arm C3-C4 crossing’ and 100 kilometres related to other pipeline replacement works), with a total value estimated at RON 102mln.
Also, for the period 2020-2025, Conpet aims to continue tank construction works, for various capacities, in three locations. The total estimated value for works to rehabilitate and resize the tank farms in this period is RON 21mln.
“Conpet has currently started a program to standardize oil storage tanks. The fact that the old tanks were executed in various construction versions, of various capacities, with different construction solutions, has led to both difficult maintenance and significant operating expenses. Of the around 100 oil tanks existing at Conpet, 75 are more than 40 years old and 77 of the 100 are rivet storage tanks. Repairing the rivet storage tanks is very difficult,” according to the project to be submitted to vote in the GMS.
Conpet operates a pipeline network with a length of over 3,800 kilometres throughout Romania, being state-controlled, through the Ministry of Economy, Energy and Business Environment, which owns a 58.71% stake.
