The state aid under the form of grants is awarded annually from the state budget through the budget approved by the Energy Ministry.
To date, CE Oltenia has received grants in the amount of EUR776.4 million.
CE Oltenia is a Romanian majority state-owned coal-based electricity producer that holds nine power groups with an installed capacity of 2.595 MW.
Through the Modernization Fund, CE Oltenia obtained funding worth EUR897 million for new investments in electricity generation units.