Romania is strengthening its position as a regional leader in the energy transition, and this autumn Bucharest will host this year’s second meeting of the Investment Committee of the Modernisation Fund, a program managed by the European Investment Bank (EIB) in cooperation with the European Commission, the Energy Ministry said in a release.
According to the cited source, the session will bring together representatives of the Fund’s 13 beneficiary member states – including Romania, Bulgaria, Poland, Hungary and the Czech Republic – along with three non-beneficiary member states (Germany, the Netherlands and Sweden), as well as delegates of the European Commission and the EIB.
„It is a clear recognition of the active and efficient role Romania plays in directing European investments towards strategic energy projects,” the release emphasizes.
Preparations began on Wednesday with the arrival in Bucharest of a special EIB delegation that will collaborate with the Energy Ministry on the technical organization of the meeting.
„Romania is today in the top spot as far as attracting non-reimbursable financing from the Modernization Fund is concerned, an achievement that reflects the vision, work and professionalism of our team,” Energy Minister Sebastian Burduja said, showing that during his term, projects worth a total of 10 billion euros have been promoted and approved for funding through this instrument. Of this amount, over 6.25 billion euros have already been transferred to the national accounts. „This money is invested in concrete projects: energy infrastructure, new energy production capacities, smart grids, energy efficiency in industry. It is an honor for Romania to host the next meeting of the Investment Committee, and this once again confirms the trust our European partners are putting in us,” the minister said.
By hosting this event in Bucharest, Romania reaffirms its key role in the European energy architecture and takes up the responsibility to shape, together with other European partners, the future of a safe, sustainable and clean economy, the cited source also mentions.
