Memorandum by which CE Oltenia requests a loan of 1.1 billion lei from the state, at the Minister of Finance

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The memorandum by which CE Oltenia will receive part of the money necessary for the payment of the emission certificates, which implies in the first phase the granting of a loan from the Treasury, worth 1.1 billion lei, is now on the table of the Minister of Finance, Florin Cîţu.

According to sources close to the situation, the memorandum stipulates that CE Oltenia will pay a market interest for this loan and benefit from an 18-month grace period, according to e-nergia.ro.

The memorandum is expected to enter the Government’s debate next week, the latter term being advanced also by the company’s director, Sorin Boza.

The CEO has to pay about 1.6 billion lei for the emission certificates for the energy production related to this year, which must be purchased by April. The loan is only part of this memorandum, which also contains a support mechanism and a decarbonisation strategy.

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