The two shareholders of the Romanian-Kazakh Energy Investment Fund are the Ministry of Energy, through the Energy Shareholdings Administration Association (20%) and KMG International (80%), the latter being a party to the memorandum of understanding between the two parties of 2013.

Energy Shareholdings Administration Association is present in all the management and decision-making structures of the Fund – the Board of Administration, the Board of Directors and the Committee for the Initiation of Investments. Moreover, the representatives of the company have equal rights in proposing new projects for funding and have veto power against all investment projects on grounds of national security.

In line with best international practices in the field, the Board of Administration is made up of 5 members, reflecting the equity split of its shareholders – 4 persons from KMG International and one person from the Energy Shareholdings Administration Association.
 

Read "The first meeting of the Romanian-Kazakh Energy Investment Fund" press release