The Romanina Executive adopted, on Wednesday, the Government decision regarding the approval of the granting of state aid for restructuring in the form of a grant in favor of the “Complexul Energetic Oltenia” S.A. Company for the purpose of financing the expenses with greenhouse gas emissions certificates, for the year 2023. Thus, the Oltenia Energy Complex will receive a state aid in the amount of 449 million lei for the year 2023, from the state budget, to finance the expenses with greenhouse gas emission certificates, due to this decision, according to News.ro.
According to the press release of the Executive, the state aid for restructuring in the form of grants is fully granted from the state budget, through the budget of the Ministry of Energy, and will be used for:
- a) the purchase of greenhouse gas emission certificates necessary to fulfill the obligation to return the greenhouse gas emission certificates related to the year 2022, corresponding to the gas emissions from the company’s installations, due on April 30 2023;
- b) the purchase of greenhouse gas emission certificates related to the year 2023, corresponding to the gas emissions from the company’s installations, due on April 30, 2024″.
The state aid is granted annually, from the state budget, through the budget approved by the Ministry of Energy, within the limits of the approved budget provisions and is approved by decisions of the Government.
The amount of state aid is substantiated in accordance with Decision C (2022) 553 final of January 26, 2022, recital (28), according to which the grant of 1,090 million euros will finance the purchase of greenhouse gas emission certificates for the period 2021- 2025, also indicates the cited source.
“Until now, the Oltenia Energy Complex has received state aid in the form of a grant in the amount of 776.4 million euros, for the purchase of greenhouse gas emission certificates, as follows: 241.4 million euros, respectively 1,180,446,000 lei, grant granted on the basis of GEO no. 21/2021 for the approval of the granting of a state restructuring aid to the “Complexul Energetic Oltenia” SA Company, with subsequent amendments and additions, for the acquisition of 5,107,273 greenhouse gas emissions certificates for compliance in 2020; 535 million euros, respectively 2,675,000,000 lei, grant granted on the basis of GEO no. 21/2022 regarding the establishment of the legal framework for the granting of state aid for the restructuring of the Company “Complexul Energetic Oltenia” SA, approved with amendments and additions by Law no. 185 /2022, for the purchase of 6,859,363 greenhouse gas emissions certificates, of which 5,643,476 certificates for compliance in 2021 and 1,215,887 certificates for compliance in 2022,” according to the mentioned source.