“CE Oltenia is a major pillar of Romania’s energy system but we need to complete the restructuring plan to be able top produce clean energy,” said energy minister Virgil Popescu.
CE Oltenia’s restructuring plan entails investments estimated at EUR3.5 billion for the holding to gradually reduce its coal-based power generation and develop renewable sources.
The government plans to aid CE Oltenia with grants and state-guaranteed loans in the period 2021-2025 to cover CO2 emission certificate costs and investments in existing assets.