Japanese Investments in Energy and Technology
Japan announces major investments in Romania.
Daniela Budu, 06.11.2024, 13:50
Important Japanese companies have expressed their interest, these days, in Bucharest, to invest in Romania, in transport infrastructure, energy, digitization and high technology. The Romanian PM, Marcel Ciolacu, had a meeting, on Tuesday, with a delegation of Japanese investors from the fields of energy, research and technology, industry, infrastructure and banking, led by the Japanese Deputy Minister of Economy, Trade and Industry, Shinji Takeuchi. According to a government press release, the Prime Minister appreciated the level of bilateral relations developed on the basis of the Strategic Partnership, the common values promoted by the two states and the economic opportunities offered by the current international context.
Marcel Ciolacu stated that Romania’s role as a factor of stability in Europe and in the region, as well as its geostrategic, economic and political advantages qualify the country as a destination for investors. He also mentioned the State aid schemes, as well as the investments in new technologies, that should help Romania become a technological hub in the center and southeast of Europe. In this context, he mentioned Romania’s interest in developing the Port of Constanţa on the Black Sea, as well as in supporting regional interconnection projects. In turn, the Japanese economic delegation showed its interest in strengthening financial support for Romania in projects in the fields of transport infrastructure, energy, digitization and high technology. ‘The investment opportunities offered by Romania are particularly important and offer new perspectives to develop our bilateral relations’, said the Japanese deputy minister.
Previously, during the first edition of the Romania-Japan Energy Forum that took place on Monday and Tuesday, in Bucharest, the Energy Ministry signed a memorandum of understanding with a Japanese company, Itochu, for the Tarniţa-Lăpuşteşti hydropower plant project, in Cluj County (north – western Romania). According to the ministry, it is a project of strategic importance for balancing the national energy system. The Japanese company will participate, according to the relevant minister, Sebastian Burduja, in reviewing the technical documentation for the development of the hydropower plant in Romania, and also in such stages as the feasibility study, technical design and project execution. Also, ELCEN (the State Electric Power Plants Company in Bucharest) and Panasonic are working on a joint project aimed at a complex system of photovoltaic panels, battery storage and green hydrogen production, a symbolic step towards what we call the green transition of the energy sector, minister Sebastian Burduja says.
Moreover, the Romanian civil nuclear program will benefit from Japanese support, the minister has assured, who also discussed with Japanese businessmen about a possible collaboration in the production of blue ammonia. ‘Through our partnerships, Romania assumes the role of regional leader in renewable and nuclear energy. We have taken a concrete step in the direction of a safer, more competitive and more sustainable Romania from an energy point of view’ said Sebastian Burduja. (LS)
