Here follows the full interview.
While speaking about the energy sector, could you please reveal the plans of the EBRD Bucharest office regarding the energy generated from renewable sources, moreover since the EU is focusing on increasing the ration of green energy in the energy basket of the member states?
CP: One key decision announced at the AM was that the Bank will invest up to EUR 5 billion in the second phase of our Sustainable Energy Initiative (which promotes energy efficiency and renewable energy) and plans to attract up to an additional EUR 10 billion from other sources, in total a maximum EUR 15 billion for sustainable energy initiatives in our region.
CP: I think so. We have been talking to important developers, both foreign and local. Equipment producers have seen a fall in demand during the crisis, and therefore, they will be interested to get involved in big projects with funding provided by EBRD in Romania. But financing is not enough. I repeat, it’s necessary to have a clear and stable legislative framework.
If a bigger project occurs, we will be able to co-invest in the water project alongside Aqualia. Infrastructure is a priority for the EBRD in Romania. We are keen to address infrastructure difficulties, including water supply, water treatment, waste management, district heating and transport.