The Ministry of Energy signed on Wednesday 27 financing contracts worth a total of RON 138.25 million, as part of NRRP Investment 5, Component 6 Energy – Industrial sector energy efficiency, the Ministry said in a release, affirming its commitment to supporting the industrial sector through financing contracts for the modernization of equipment, industrial process constructions, and the implementation of a dedicated energy consumption management system.

„Through this measure, we ensure that the Romanian industrial sector takes important steps towards a more efficient and competitive future. Investments in the modernization of equipment and the implementation of energy management systems will bring significant benefits: reducing energy consumption by up to 70 percent per specific components, cutting carbon emissions and – most importantly – increasing the competitiveness of Romanian economy. Higher revenues for the Romanian capital mean better paid jobs,” Energy Minister Sebastian Burduja said, as cited in the release.

According to him, in recent years, the industrial sector has taken the brunt of the overlapping energy and raw materials crises, as well as of the Ukraine war.

„Nevertheless, in 2023, the industry’s share in the economy remained at a significant 19.6 percent. Therefore, the industrial relaunch must be supported by all government efforts. The Energy Ministry is making constant efforts to create aid schemes with EU funding made available through the NRRP and the Modernization Fund. The contracts signed today will help companies in the industrial sector manage their energy costs more easily and increase their production,” the minister said.

The total allocated budget is EUR 64 million (rd. RON 320 million, ed. n.). Eligible investments include the installation and modernization of specific equipment, constructions related to the industrial process, and the implementation of a dedicated energy consumption management system.

AGERPRES