Romania has received, via the European Union's Modernisation Fund, a first disbursement worth almost EUR 1.1 billion for investing in the development of energy distribution networks, rehabilitation/modernisation of district heating networks, natural gas transmission network, as well as investment in energy-efficient rolling stock, according to a press release of the Ministry of Energy issued on Tuesday.The amount also includes funds for future projects established under contracts for difference. Romania has been allotted the largest share now, 37% of the total disbursement.The other member states benefitting from the first disbursement of 2024 are Bulgaria (EUR 65.2 million), Croatia (EUR 52 million), Czechia (EUR 835.2 million), Estonia (EUR 24.1 million), Hungary (EUR 76.8 million), Latvia (EUR 26.8 million), Lithuania (EUR 59 million), Poland (EUR 697.5 million), and Slovakia (EUR 35 million)."The Modernisation Fund is an essential instrument for Romania's green transition and the modernisation of its national power grid. I have committed myself from the very beginning to putting these financings to work, launching programmes and state aid schemes, funding much-needed investment. Through the efforts of the team at the Ministry of Energy and the Romanian government, Romania is emerging as the main energy player in the region. The payment made today by the European Commission confirms that Romania's potential in developing new energy capacities is huge, which is why the motto of my tenure remains: investment, investment, investment. In the 12 months of my term of office at the Ministry of Energy, the investment financed for the energy system via the Modernisation Fund and the National Recovery and Resilience Plan (PNRR) exceeded EUR 25 billion. We are continuing at the same pace. We are focusing on promoting the calls already launched via the Modernisation Fund and PNRR for own-consumption, battery storage, electricity network rehabilitation, modernisation of the district heating network and, but also on starting new calls offering the opportunity to the private and public sectors to win funding for the implementation of energy efficiency projects, as well as on the release of a Contracts for Difference (CFD) scheme," Energy Minister Sebastian Burduja is quoted as saying in the release.The Ministry of Energy also announced that it is preparing the launch of the first tender for Contracts for Difference. The last details will be soon established for sharing the funds allocated for investment in wind and solar energy, depending on the existing portfolio of projects funded under the National Recovery and Resilience Plan (PNRR) and the Modernisation Fund.The Modernisation Fund supports investments in the generation and use of energy from renewable sources, energy efficiency, energy storage, modernisation of energy networks, including district heating, pipelines and grids, and just transition in carbon-dependent regions.
An earthquake of magnitude 5.4 shook Romania’s capital Bucharest and parts of Eastern Romania on Monday afternoon, September 16, around 17:40. No damages were reported after the event. According to the National Institute for Earth’s Physics (INFP), the earthquake occurred in the Vrancea seismic area, some 56 km North-West of Buzau and 59 km East […]
Romania and the United States, through the head of the prime minister’s chancellery Alexandru-Mihai Ghigiu, and the US ambassador to Romania, Kathleen Kavalec, have signed a five-year Child Protection Framework Partnership valued at USD 10 million. The purpose of the partnership is to create a victim-centered prevention strategy and protect child victims of trafficking, according […]
A snow layer of around 5 cm has fallen on Romania’s Transalpina mountain road, at altitudes over 1,900 meters, according to Gorj County authorities. The snow is particularly present in the Dengherul - Cărbunele sector, and visibility is reduced due to fog. The Gorj Mountain Rescue Service (Salvamont) advises drivers intending to cross Transalpina over […]
Nobel Prize for Literature winner Abdulrazak Gurnah, Irish novelist, poet and playwright Colm Tóibín, Spanish author Clara Usón, Israeli writer Zeruya Shalev, and French novelist and essayist Pascal Bruckner are among the guests of this year’s Iaşi International Festival of Literature and Translation (FILIT). The event, scheduled to take place between October 23 and October […]
Hanwha Aerospace, the largest defense company in South Korea, will begin construction of an armored vehicle factory in Romania at the beginning of next year, according to News.ro. The group plans to make Romania a regional hub for all Hanwha's land...
Turda Salt Mine (Salina Turda), one of the most spectacular tourist destinations revealing Romania’s underground wonders, will expand under a project set to kick off in 2025. The plan is to open another mine to tourists, which, local authorities say, would double the number of visitors. The project targets the 10,000 sqm Iosif mine, which […]
