Investment Committee
The Investment Committee is responsible for:
- Issuing recommendations on the financing for non-priority investments
- Providing an annual report of its activities
The Investment Committee will meet twice a year to assess non-priority investment proposals and discuss any other business relevant for the operation of the Modernisation Fund.
It is composed of:
- 10 representatives, one per beneficiary Member State
- 3 representatives from non-beneficiary Member States, elected by all non-beneficiary Member States (Germany, the Netherlands and Sweden)
- 1 representative from the European Commission (chair)
- 1 representative from the European Investment Bank
Non-beneficiary Member States can also join the Investment Committee as observers.
The members of the Committee will serve on a pro-bono basis and need to be from conflict of interest. Their CVs will also be published.
Members of the Investment Committee
Find for each member the contact_page curriculum vitae and grading declaration of interest
Member
Alternate Member
Documents
Record of Modernisation Fund Investment Committee decisions
- Record of Modernisation Fund Investment Committee decisions – 14 October 2020
- Record of Modernisation Fund Investment Committee decisions – 19 January 2021
- Record of Modernisation Fund Investment Committee decisions – 22 June 2021
- Record of Modernisation Fund Investment Committee decisions – 26 October 2021
- Record of Modernisation Fund Investment Committee decisions – 7 April 2022
- Record of Modernisation Fund Investment Committee decisions – 25 October 2022
- Record of Modernisation Fund Investment Committee decisions – 30 March 2023
Recommendations of the Modernisation Fund Investment Committee
- MF 2023-1 RO 1-001 – IC Recommendations – Gas Transmission Pipeline Black Sea-Podisor
- MF 2023-1 RO 1-002 – IC Recommendations – Gas Transmission Pipeline Ghercești-Jitaru
- Investment Committee Recommendation on Non-Priority Proposal – MF 2021-2 PL 1-001 “My Heating”
- MF 2022-1 CZ 1-001 – IC Recommendations cheme (Part 1A) Modernization of energy sources to biomass without CHP non-priority investments of the Programme HEAT
- MF 2022-1 CZ 1-003 – IC Recommendations Scheme (Part 1C) Modernization of energy sources to natural gas without CHP
- MF 2022-1 CZ 1-004 – IC Recommendations Scheme (Part 2A) Modernization of energy sources to biomass without CHP
- MF 2022-1 CZ 1-006 – IC Recommendations Scheme (Part 2C) Modernization of energy sources to natural gas without CHP
- MF 2022-1 CZ 1-008 – IC Recommendations Scheme (Part 2E) Modernization of energy sources to natural gas without CHP
- MF 2022-1 RO 1-001 – IC Recommendations Construction of a Natural Gas-Fired Combined Cycle Power Unit of approx. 850 MW at Isalnita
- MF 2022-1 RO 1-002 – IC Recommendations Construction of a Natural Gas-Fired Combined Cycle Power Unit of approx. 475 MW at Turceni.
- MF 2022-2 CZ 1-001 – IC Recommendations – Renewable Modernisation of Energy Sources for Residential Sector (HOUSEnerg Programme)
- MF 2022-2 PL 1-001 – IC Recommendations – RES – Heat sources for district heating
- MF 2022-2 PL 1-002 – IC Recommendations – My heating – subsequent disbursement decision – clean
Annual Reports