The government has approved the cancellation of budgetary and fiscal debts in the amount of over 1 billion lei of the Hunedoara Energy Complex (CEH), which is insolvent and under the imminent specter of bankruptcy, by swapping with sole shareholder, the Ministry of Energy, the functional and industrial assets of the Paroșeni thermal power plant, the Lupeni, Lonea, Livezeni and Vulcan mining operations and the Prestserv branches and the Executive Headquarters. The entire package of assets swapped, taken over by Complexul Energetic Valea Jiului, former Valea Jiului National Mine Closure Company (SNIMVJ), a company also fully controlled by the relevant ministry, was officially assessed at a market value of 1.003 billion lei (almost 210 million euros), according to Profit.ro.

In the same meeting, the Executive approved an emergency ordinance that provides for the granting of new state aid this year, in the form of a grant from the budget of the Ministry of Energy, to the Valea Jiului Energy Complex, in the amount of over 70.5 million lei, for the closure and the safe extraction of coal from the Lonea, Lupeni, Livezeni and Vulcan mining operations. The original idea of declaring these activities as representing General Economic Interest Service (SIEG) was abandoned. The state aid will be notified to the European Commission and will have to be recovered by the Ministry of Energy from the Valea Jiului Power Complex if it is not approved by the Brussels Executive.