Transgaz has completed the environmental assessment procedure for the Development Plan of the National Natural Gas Transmission System 2021 – 2030, according to a release sent to the Bucharest Stock Exchange.
Also, according to the quoted source, the Ministry of Environment, Waters and Forests issued the Environmental Approval.
“The successful completion of the Strategic Environmental Assessment creates the necessary premises for accelerating the ambitious investment program of SNTGN Transgaz SA, while ensuring a high level of environmental protection, compliance with environmental and social standards,” the statement said.
The implementation of the Strategic Environmental Assessment was facilitated by the European Investment Bank under an agreement on the provision of advisory services through the European Investment Advisory Hub (EIAH). The EIAH is a partnership between the EIB Group and the European Commission as part of the Europe Investment Plan. It is designed to act as a single point of access to a comprehensive range of consulting and technical assistance services for the identification, preparation and development of investment projects throughout the European Union and supports project promoters, both public and private.
“Climate action is one of the bank’s main objectives, which is pursued by financing investments that mitigate climate change and also by providing consulting services to companies wishing to improve their carbon footprint. Transgaz’s support for conducting a strategic environmental assessment is based on an existing business relationship and aims to accelerate Transgaz’s transition to a business model that is compatible with a carbon-neutral economy,” said Christian Kettel Thomsen, EIB Vice President.
In his turn, Ion Sterian, general manager of SNTGN Transgaz SA stressed that the successful completion of the Strategic Environmental Assessment confirms the company’s commitment to meeting the highest environmental and social standards in order to make investments for the development of the National Gas Transmission System.
“We thank once again the European Investment Bank for its support for the completion of the Strategic Environmental Assessment and for the financing of the SNTGN Transgaz SA group for the implementation of strategic investment projects. We want to expand our collaboration with the EIB, as the European Climate Bank and one of the world’s leading financiers of climate action, so as to facilitate the transition to climate-neutral activity,” Sterian said.