Modernization Fund

The European Commission announced on Monday that it is providing Bulgaria with 65 million euros from the EU Modernization Fund for the GREENABLER project. This project aims to reconstruct power lines and adapt them for electricity generated from clean sources.

The Turkish energy exchange Enerji Piyasaları İşletme A.Ş. (EPİAŞ) and the European Energy Exchange (EEX) have signed a memorandum of understanding to underline their joint commitment to developing the Emissions Trading System (ETS) in Türkiye.

The Ministry of Energy sent on Tuesday to the European Investment Bank (EIB) the first applications for financing from the budget of the Modernization Fund nine strategic projects in the energy sector, with an investment cost of over 693 million euros, according to a ministry press release.

Romanian Energy Minister Virgil Popescu and counselor Niculae Havrilet had a working meeting today in Luxembourg with European Investment Bank (EIB) Vice President responsible for Romania, Christian Kettel Thomsen, with talks focusing on the increase in EIB's financial and technical support for investments in the Romanian energy sector and support for major projects in this field, the Energy Mi

The Electricity Law is being rewritten under a consultancy program, with the help of the European Bank for Reconstruction and Development (EBRD), and the Romanian authorities are in talks with the World Bank for support for upgrading the Natural Gas Law, Secretary of state with the Energy Ministry Niculae Havrilet told a specialist video conference today.

The president of the PNL (National Liberal Party, ed. n.), Prime Minister Ludovic Orban, said in an interview with AGERPRES that in democracy the prime minister is given by the winning party, saying that the PSD (Social Democratic Party, ed. n.) is the only formation with which the Liberals have clearly decided not to negotiate after the parliamentary election on 6 December.

The government is committed to make full use of the EU financial package made available to Romania in the coming years for its development, Prime Minister Ludovic Orban said on Thursday at the launch for public consultation of the National Recovery and Resilience Plan. "We are about to enter the most prolific period since our accession to the European Union.

Prime Minister Ludovic Orban said that Romania will benefit from European funding estimated at approximately 6 billion euros, through the Modernization Fund, in the period 2021-2030, and the funds will be allocated, in particular, to investments in cogeneration production capacities and renewable green energy.