Government to enhance operational activities of Energy Efficiency Fund
foto: Symbol photo: Renewable energies
The Government has approved today the amendment and completion of the Government Decision no. 401 of 12.06.2012 on the Energy Efficiency Fund (EEF). The project envisages an increase in the investment recovery period from 7 to 11 years, which will help increase the number of energy efficiency projects funded by EEF.
Specifically, the document establishes the unblocking of the EEF's operational activity, facilitating the access to financing of beneficiaries of energy efficiency projects and the qualitative implementation of state policy in the field of energy efficiency.
According to the Minister of Economy and Infrastructure, Chiril Gaburici, the proposed changes will create the necessary premises for the continuation of the financing activity of the projects in the field of energy efficiency and renewable energy.
The project also aims at aligning the existing decision with the primary framework on the field - Law 10/2016 on the promotion of the use of energy from renewable sources, which provides for the elimination of the EEF Administrator. Its attributions will be taken over by the Fund (its Executive Directorate), the Investment Committee and the Management Board.
Specifically, the document establishes the unblocking of the EEF's operational activity, facilitating the access to financing of beneficiaries of energy efficiency projects and the qualitative implementation of state policy in the field of energy efficiency.
According to the Minister of Economy and Infrastructure, Chiril Gaburici, the proposed changes will create the necessary premises for the continuation of the financing activity of the projects in the field of energy efficiency and renewable energy.
The project also aims at aligning the existing decision with the primary framework on the field - Law 10/2016 on the promotion of the use of energy from renewable sources, which provides for the elimination of the EEF Administrator. Its attributions will be taken over by the Fund (its Executive Directorate), the Investment Committee and the Management Board.