The Ministry of Energy signed on Wednesday 27 financing contracts with a total value of 138.25 million lei, within Investment 5 of PNRR, Component 6 Energy, Ensuring energy efficiency in the industrial sector, according to a press release.
According to the cited source, the Ministry of Energy supports the industrial sector through financing contracts for the modernization of equipment, constructions related to the industrial process, as well as for the implementation of a dedicated energy consumption management system.
“Through this measure, we ensure that the industrial sector in Romania takes important steps towards a more efficient and competitive future. Investments in the modernization of equipment and the implementation of energy management systems will bring significant benefits: reducing energy consumption by up to 70% per the specific components, the reduction of carbon emissions and – very importantly – the increase in the competitiveness of the Romanian economy. Higher incomes for the Romanian capital mean better-paid jobs,” said the Minister of Energy, Sebastian Burduja.
According to him, in recent years, the industrial sector has strongly felt the overlapping crises of energy, the war in Ukraine and raw materials.
“Nevertheless, in 2023, the share of the industry in the economy remained at an important level of 19.6%. That is why the revival of the industry must be supported by all government efforts. The Ministry of Energy is constantly making efforts to create aid schemes from the funds European funds that we have at our disposal through the PNRR and the Modernization Fund. The contracts signed today will help economic operators in the industrial sector to manage their energy costs more easily and increase their production,” the Minister of Energy said.
According to the quoted source, Investment 5 – Component 6 – Energy has as its main objective the financing of modernization projects and improvement of energy efficiency at the level of economic operators in the industry. Financing is provided from European funds related to PNRR.
“The purpose of this measure is to make technological processes more efficient and achieve energy savings and reduce greenhouse gas (GHG) emissions by at least 30% compared to the emissions measured before the financing was granted,” the ministry states.
The total allocated budget is 64 million euros. Eligible investments include the installation and modernization of specific equipment, constructions related to the industrial process and the implementation of a dedicated energy consumption management system.
“The Ministry of Energy maintains its commitment to economic operators through continuous efforts to negotiate, access and launch funding calls through PNRR and the Modernization Fund,” the release also says.