Acasă » General Interest » Ministry of Energy budget increases by 152% to 14.7 billion lei

Ministry of Energy budget increases by 152% to 14.7 billion lei

3 February 2025
General Interest
energynomics

The Ministry of Energy has a budget of 14.7 billion lei in 2025, over 152% higher than last year, and most of the budget credits go to projects from non-reimbursable funds, the NRRP and the Modernization Fund, according to the Minister of Energy, Sebastian Burduja.

“We have a budget based on responsibility and development projects, for which a leu invested today can generate a multiplier effect for the future. In energy, we have a budget of 14.7 billion lei, over 152% higher than last year. Why? Because most of the budget credits go to projects from non-reimbursable funds, NRRP and the Modernization Fund. Over 75% of our budget is for these vital investments for Romania with safe, cheap and clean energy – in this order of priorities. We promised to revolutionize Romania’s energy and we keep our word”, the minister wrote on Saturday, on his Facebook page, according to Agerpres.

According to him, the draft budget for the Ministry of Energy provides 1.5 billion lei to support the compensation-cap scheme, which has ensured for Romanians the fourth cheapest gas price and the fifth lowest electricity price in the entire European Union.

“It is a budget half a billion higher than the one we started with in 2024, which allows us to continue supporting the scheme by paying the outstanding amounts. In the immediate future, in 1-2 weeks, the Coalition and the Government will decide on the final version of the compensation-cap scheme, and the guarantee is that Romanians will continue to be protected and that we will not leave anyone behind”, Burduja emphasized.

The budget also includes money for the continuation of expropriations and investment projects that have been resumed “after decades of blockages”, in particular, the hydroelectric power plants at Răstolița, Cornetu-Avrig, Pașcani, etc.

The state aid packages for the Oltenia and Valea Jiului Energy Complex will also be financed, based on the schemes approved by the European Commission.

“We continue to rely on coal-based capacities for the energy security of our country and the region, and the guiding principle remains: we cannot give up on band production capacities without putting in place equivalent band production groups (the transition being from coal to gas in the short and medium term and from gas to nuclear energy in the long term),” noted Sebastian Burduja.

He added that the money for investments covers over three quarters of the ministry’s budget.

“I think it is a record in itself and a guarantee that we will continue this year with major projects (the nuclear program, Iernut, etc.) and support schemes for new production and storage capacities and for the modernization of the transmission and distribution system,” Burduja pointed out.

The government approved the draft budget for the current year on Saturday, built on an economic growth of 2.5% and a budget deficit of 7% of GDP.

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