Bolojan warns of major Modernisation Fund project delays — NRG-IA

Ilie Bolojan has raised one of the toughest issues facing the state-owned energy sector: Romania has approved European funds for energy investments, but projects by strategic companies are progressing very slowly. According to public data reported by e-nergia, three companies—Complexul Energetic Oltenia, Transelectrica, and ELCEN—have projects worth nearly €2 billion funded by the Modernisation Fund, with settlement rates reported at under 10%, under 4%, and zero, respectively. The message goes beyond simple administrative criticism. Bolojan directly links investment delays to energy prices, industrial competitiveness, and Romania's capacity to build new generation, storage, and modern grids. In the post cited by e-nergia, he states that lowering electricity prices is a fundamental condition for economic recovery and that cost reduction depends on completed investments, not just approved funding. The Modernisation Fund finances the very critical infrastructure of the transition The…