ROMANIA: Photovoltaics, batteries, gas plants, metro trains, electrification of railways. The list of projects with which Romania goes to take money from the EU Modernization Fund

The Minister of Energy, Sebastian-Ioan Burduja, presented, today, during the Government meeting, the list of priority investment proposals, financed by the Modernization Fund (FM), which will be sent to the European Investment Bank for financing.

Today, August 28, 2024, during the Government Meeting, the Minister of Energy, Sebastian-Ioan Burduja, presented the list of priority investments prepared to be sent for evaluation to the European Investment Bank. In order to obtain financing through the Modernization Fund, the Ministry of Energy initiated 3 priority investment proposals, to which are added 3 other proposals from the Ministry of Transport and Infrastructure (MTI) and an investment proposal from the Ministry of Agriculture and Rural Development (MADR ).

Romania’s priority investment proposals for the autumn session of the Investment Committee of the FM:

1. State aid scheme to support the development of flexible gas production capacities for the production of electricity and heat in high-efficiency cogeneration (CHP) in the district heating sector, initiated by the Ministry of Energy and for which payment is requested in this session in full, in the amount of 361,950,000 euros;
2. The state aid scheme for supporting investments in the development of electricity storage capacities (batteries) with funding from the Modernization Fund, initiated by the Ministry of Energy and for which full payment is requested in this session, in the amount of 150,000,000 euros;
3. Supporting investments in new production capacities of electricity produced from renewable sources for self-consumption for applicants from the public sector, initiated by the Ministry of Energy and for which the payment of the first installment in the amount of 160,000,000 euros is requested in this session (from the total funding requested by 200,000,000 euros);
4. The state aid scheme for supporting investments in new electricity production capacities produced from renewable sources for self-consumption of airfields, including energy storage systems, initiated by the Ministry of Transport and Infrastructure and for which the payment of the first installment in the amount is requested in this session of 70,000,000 euros (out of the total requested financing of 200,000,000 euros);
5. The state aid scheme for supporting investments in new electricity production capacities from renewable sources for the self-consumption of enterprises in the agricultural sector and the food industry, initiated by MADR and for which the payment of the second installment in the amount of of 50,000,000 euros (out of the total FM financing of 500,000,000 euros);
6. The purchase of rolling stock M4 (12 subway trains and safety and automation system), initiated by MTI for which the payment of the first installment in the amount of 51,638,815.62 euros is requested in this session (out of the total requested financing of 165,152,450, 42 euros);
7. The electrification of the railway lines (Constanța – Mangalia, Rădulești – Giurgiu Nord and Chiajna – Jilava), initiated by MTI, for which the payment of the first installment in the amount of 39,823,445.28 euros is requested in this session (out of the total requested financing of 89,263. 272.54 euros).

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