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Bucharest
April 16, 2021
BUSINESS

FIC key proposals regarding Romania’s Energy Strategy

The Foreign Investors Council (FIC) debated the key principles which the new Romanian Energy Strategy should lay down during a roundtable organized recently, in the presence of Razvan Nicolescu, Delegate Minister for Energy,
“The preparation of a new Energy Strategy is a long a waited initiative that will contribute to giving guidance to all stakeholders in the energy sector and hopefully help attract much needed investments”, said Eric Stab, Vice-President of the FIC Board and Chairman of the Energy Task Force, according to a press release.
The proposals submitted by the Energy Task Force of the FIC to Minister Nicolescu highlighted that Romania needs significant investments in the entire value chain of the energy sector (development of new energy sources, electricity production, transmission, distribution and storage of energy, interconnections etc) that are increasingly difficult to access in a context of global competition for capital. Therefore, as a prerequisite, Romania must ensure legislative, fiscal and policy stability to maintain the investors’ interest in the Romanian market. Also, the strategy should aim at ensuring that energy markets are fully functional, equipped with adequate market instruments, avoid any distortions and offer a level playing field to market players. At the same time, the strategy should propose policies which ensure the long-term security of supply, while maintaining the competitiveness of the economy and affordable access to energy sources. A successful Energy Strategy will require long-term commitment from the Romanian government and a clear implementation roadmap, FIC concluded.

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