We continue the extensive presentation of the Energy Evolution 2015 nominations with the Executive of the year category. Only one of the managers below will be awarded during the Gala on December 3. However, each of the companies and all the people involved in these projects deserve our respect and the widest promotion possible.
Nobel Oil
John Long
Nobel Oil proposes for the Manager of the Year award John Long, responsible for establishing the network of filling stations of the company, for the extensive experience in Romanian downstream, together with famous profile brands (Shell, Lukoil, Rompetrol), for which he has prepared the points of sale, with record volumes.
John Long was recruited by Nobel Oil to develop its first retail fuel network. Romania is the first retail market for this company. John Long came to Romania in 1992 and opened more than 200 filling stations on the domestic market.
John Long opened the first station of a private investor in Romania (Shell, in 1994), and implemented the entry in the market and the development strategy of Lukoil Downstream and Rompetrol Downstream. He has developed around 2,000 filling stations globally, of which, in less than 8 years, he has built in Romania 120 stations for Rompetrol, about 90 stations for Shell and 30-40 for Lukoil. The first station of Nobel Oil in Romania will be inaugurated in December, in Iași. Nobel Oil plans to reach 80-90 units in the next five years in Romania.
OPCOM S.A.
Victor Ionescu, General Manager
Victor Ionescu, in his capacity of General Manager of OPCOM, for coordinating the activity of organization and management of electricity and gas markets, projects and development directions of OPCOM, in the context of steps for integration in the single European energy market.
2015 was the year in which OPCOM activity, by improving the quality of services provided and portfolio diversification, as well as by implementing certain projects, of which we recall the launch of the intraday market operating according to rules allowing continuous trading, up to two hours before the time of delivery, completion of implementation and launching an electricity trading mechanism of OTC type, extending the possibilities of trading green certificates by introducing the market of bilateral contracts, as well as launching on November 19th 2014 the coupling of day ahead markets of the Czech Republic, Slovakia, Hungary and Romania, has paid off: number of participants, amounts traded and value volumes in continuous growth, concentration indicators that have diminished values.
The size of business managed by OPCOM, with impact on market participants, can be summed up by the performance to date: 1861 participants, transactions made by participants exceeding EUR 2,690mln, various range of markets, products and instruments.
SPEEH Hidroelectrica SA
LL. D. Remus Borza
LL.D. Remus Borza, official receiver of Hidroelectrica, successfully coordinates the insolvency of the only insolvent company in Romania that has paid debts at nominal value, performance unparalleled to date.
Due to measures adopted by LL.D. Remus Borza, the official receiver of Hidroelectrica, which involves the energy sale in conditions of maximum profitability and the exercise of a very strict control of production costs, Hidroelectrica has become the only insolvent company in Romania that has paid debts at nominal value, the last installment of the 24 related to the body of creditors being paid on June 20th 2015.
As a result of a proactive, corporate, loyal, visionary, creative and responsible management, Hidroelectrica achieved in the first half of 2015 a record profit of RON 726mln, by approximately 42% higher than the profit obtained in the first 6 months of 2014, and a turnover of RON 1,851mln, higher by RON 297mln compared to the similar period of 2014, when the turnover stood at RON 1,554mln.
On June 20th 2015, Hidroelectrica became the only insolvent company in Romania that managed to pay its debts at nominal value, paying the last installment of the 24 related to the body of creditors.
Transgaz
Petru Văduva
Petru Văduva, Managing Director of Transgaz, joins the competition for the Manager of the Year award in 2015, for steps taken by the management team to build the Romanian section of BRUA gas pipeline project (Bulgaria – Romania – Hungary – Austria).
Transgaz shareholders approved on June 16th 2015 the triggering of the procedure on issuing corporate bonds, worth maximum RON 500mln, and in September the U.S. Trade and Development Agency (USTDA) awarded to the company a grant worth 956,000 dollars to support Transgaz project on gas pipeline extension.
Funding from the U.S. agency will allow conducting a feasibility study in order to improve and confirm the technical project and economic and financial specifications for building the Romanian section of Bulgaria-Romania-Hungary-Austria gas pipeline project (BHRA) and Black Sea coast – Podișor pipeline.
Transgaz shareholders on June 16th 2015 approved the procedure for issuing corporate bonds, worth maximum RON 500mln. Money thus obtained will be used to co-finance the construction of BRUA gas pipeline, project worth around EUR 560mln. Transgaz would subsequently extend the gas pipeline to the Black Sea, the cost of the project following to increase to EUR 1.1bn.
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Eight of the best experts in the Romanian energy industry joined to jury the candidate projects and people for the third edition of Energy Evolution Awards!
The third Energy Awards Gala organized by energynomics.ro brings something new compared with the editions in 2013 and 2014 – an exhibition dedicated to the Evolution in technologies and solutions for energy, hosted in the venue of this year’s Gala. Find out more details on 2015 Energy Awards.