GETICA CCS Demo Project Romania: financial scenarios report to the Global CCS Institute. Public report
24th January 2013
Given that electricity generation in Romania is primarily based on coal, implementing CCS would greatly reduce CO2 emissions while keeping coal-fired power plants operational. This financial scenarios report describes the optimum solution to financing a large-scale CCS project in Romania. It considered the challenges of finding and securing financing sources for the project. The existing financing sources, at European Union (EU) and national level, were analysed in terms of financing structure of the project, project eligibility, origin of financing (public/private), availability of funding, availability in time, and degree of certainty. Three scenarios were created, based on the prospected funding sources for CCS projects. A qualitative assessment was performed and, based on this assessment, the optimum scenario was chosen for the GETICA CCS Demonstration project.
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