According to the JVA agreement, The Kazakh Romanian Energy Investment Fund implements projects directly or indirectly, by means of the establishment and operation of Project Companies ("Project Companies" or "SPVs") for each Selected Project or group of Selected Projects.
KMG Rompetrol Development
The project entity for Retail Network Development
Rompetrol Energy
The project entity for Cogeneration Plant is Rompetrol Energy S.A. which was set-up based on the joint-venture agreement with Uzina Termoelectrica Midia S.A.
The Kazakh Romanian Energy Investment Fund has established the following governing bodies, composed of 5 members (4 KMGI/1 SAPE) each, with a four-year mandate:
Board of Directors
Chairman
Member
Member
Member
Member
Management Committee
Chairman
Member
Member
Member
Member
Initiatory Investment Committee
Chairman
Member
Member
Member
Member