The energy sector several months into the crisis

Another effect of the crisis involves the delay or even cancellation of investment projects for the modernization of thermo-energy plants. Serban said that the worst effect of the crisis is the “major reluctance” of banks to support the investment projects of thermal energy producers.

According to Serban, projects must be initiated with internal financing sources, and urgent measures must be taken for the sector’s restructuring. A short-term measure could be massive energy exports, of up to 2,000 MW, but the situation in the region in terms of consumption is as bad as on the domestic market. Energy consumption declined 15 percent in April.