The Ministry of Energy signed 27 financing contracts worth over 138 million RON for investments in the industrial sector

The Ministry of Energy signed today 27 financing contracts, totalling 138.2 million RON, within Investment 5 of PNRR – Component 6 Energy – Ensuring energy efficiency in the industrial sector.

“Through this measure, we ensure that the industrial sector in Romania 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% on specific components, reducing carbon emissions and – very importantly – increasing the competitiveness of the Romanian economy. Higher income for the Romanian capital means better paying jobs.

In recent years, the industrial sector has felt strongly the overlapping crises of energy, the war in Ukraine and raw materials. However, in 2023, the share of industry in the economy remained at an important level of 19.6%. That is why the revival of the industry must be supported by all government efforts.

The Ministry of Energy is constantly making efforts to create aid schemes from the European funds that we have available through the PNRR and the Modernization Fund. The contracts signed today will help economic operators in the industrial sector to more easily manage their energy costs and increase their production”, said the Minister of Energy, Sebastian Burduja.

Investment 5 – Component 6 – Energy has as its main objective the financing of projects to modernize and improve energy efficiency at the level of economic operators in the industry. Financing is provided from European funds related to PNRR. The aim of this measure is to streamline technological processes and achieve energy savings and reduce greenhouse gas (GHG) emissions by at least 30% compared to emissions measured before the grant of funding.

The total allocated budget is 64,000,000 euros. 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.