Financial guarantee for proper execution of connection permits

According to the provisions of Article 72 para. (8) of the Electricity Law No. 164/2025 (Law No. 164/2025) “After obtaining connection permits for power plants with an installed capacity exceeding 200 kW or connection permits for energy storage installations with an injection capacity of 1 MW or more, the holders of such permits are obliged to submit to the system operator financial guarantees for the proper execution of the connection permits, in accordance with para. (4). The system operator shall cancel the issued connection permits if their holders fail to submit the financial guarantees for proper execution.”

According to ANRE Decision No. 277 of 30.05.2025 regarding financial guarantees for the proper execution of connection permits, the stages, deadlines, and procedure for submitting such guarantees were established, without imposing mandatory clauses on the content of the financial guarantees.

Based on the legal provisions of Article 1774 of the Civil Code, the bank guarantee for proper execution shall be submitted by the holder of the connection permit and shall include at least the following:

• Identification details of the Applicant/Beneficiary/Guarantor shall be included;
• The basis for issuing the guarantee shall be indicated, with reference to the connection permit and its issuance/extension date;
• The legal framework establishing the obligation to submit the guarantee shall be indicated;
• The guarantee must be irrevocable and unconditional, meaning that the bank guarantee shall be:
  • irrevocable; unconditional; payable on first demand and must not depend on: the existence of a dispute; proof of damage; consent of the Applicant or third parties;
• The guarantee must clearly indicate the secured obligation (for example: fulfillment of the conditions for which the guarantee was issued, commissioning of the object);
• The guarantee term shall exceed the validity period of the connection permit by at least 60 days;
• The method of termination of the guarantee.

No.	Document name
1	Model bank guarantee for proper execution