In order to meet its 2030 EU targets, Romania intends to develop a Contracts for Difference (CfD) support mechanism to encourage priority investments in low-carbon generation technologies that are needed in the Romanian energy sector. The CfD-type mechanism will provide additional benefits and create an attractive and predictable environment for investors. Within this context, the EBRD aims to engage a consultant to support the Ministry of Energy in implementing this mechanism.
The objectives of this Assignment are the following:
(i) Revise the existing Romanian market model, if needed, to accommodate the implementation of a CfD framework
(ii) Drafting of primary and secondary legislation (and amendments of existing laws, if any are required) for the implementation of the CfD framework, including proposals for institutional building, and for rules and requirements for a CfD tendering process as well as the required contractual agreements such as the Contract for Differences;
(iii) Provide recommendations on measures and regulations to ensure adequate long term funding and creditworthiness of the CfD Counterparty;
(iv) Drafting the text proposal for the notification of the support scheme to the European Commission (COM) in compliance with the Guidelines on State aid for environmental protection and energy 2014-2020 and European normative acts;
(v) Provide technical assistance to the Romanian authorities during consultations and dialogue with the European Commission (COM) on the support mechanism of Contract for Difference, in order to establish the final form of the mechanism.
Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.
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Access to Information Policy (AIP)
The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.
Specific requests for information can be made using the EBRD Enquiries form
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email firstname.lastname@example.org to get guidance and more information on IPAM and how to submit a request.