On January 25, the European Commission paid 288 million euros to Romania in the form of grants as pre-financing related to the funds under the REPowerEU program under the Recovery and Resilience Mechanism, "Romania Insider" reported.
The REPowerEU program for Romania consists of two new reforms and seven investments to achieve the objectives of the REPowerEU programme, namely to make Europe independent of Russian fossil fuels well before 2030.
The budget of the Romanian REPowerEU program amounts to EUR 28.5 billion, of which EUR 14.9 billion in loans and EUR 13.6 billion in grants (including the "BAR" Brexit Adjustment Reserve, the Romania Recovery and Support Fund and REPowerEU).
The seven investments in the REPowerEU section aim to accelerate the deployment of renewable energy sources, the pace of energy efficiency renewal and the retraining of the workforce towards green skills. /BGNES
The EC paid 288 million euros to Romania under the REPowerEU program
