The Commission calls for proposals for €4 billion worth of energy investments

Published: 19 May 2009 y., Tuesday

Elektros lemputės
The European Commission has launched today a call for proposals covering key energy infrastructure projects such as energy interconnections, offshore wind energy and carbon capture and storage as part of the implementation of the European Energy Programme for Recovery (EEPR), on which the Council and the Parliament recently reached agreement. Project promoters are invited to submit their proposals by 15 July 2009. The Commission expects to sign the first grant agreements and decisions before the end of the year. In total nearly €4 billion worth of financial aid will be available to support new energy-related investments.

Energy Commissioner Andris Piebalgs said: "The financing that has been made available will act as a role to secure and speed up investments in the energy sector. In addition, the funds allocated to projects will have a direct impact on the EU economy and on employment.

"It will also help to improve the security of supply of the most vulnerable Member States. The gas crisis earlier this year showed the vulnerability of Europe with respect to its gas supply. In addition this funding will assist in speeding up the implementation of the 20/20/20 objectives for 2020 by promoting for the first time on a large scale the development of Carbon Capture Storage technologies and the implementation of high power wind turbines."

The EU funding available for the implementation of the EEPR for 2009 and 2010 will be €3.98 billion, allocated as follows:

1.     gas and electricity infrastructure projects (€2.365 billion)

2.     offshore wind energy projects (€565 million)

3.     carbon capture and storage projects (€1.050 billion )

 

Šaltinis: www.europa.eu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

EBRD funds strategic motorway in Serbia

The EBRD is supporting the modernisation of transport infrastructure in Serbia with a €150 million sovereign loan to finalise the construction of a new motorway section along the strategic Corridor X. more »

IMF Completes First Review Under Stand-By Arrangement with Romania

The Executive Board of the International Monetary Fund (IMF) today completed the first review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA). more »

IMF Executive Board Approves US$21.5 Million PRGF Arrangement for the Union of the Comoros

The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 13.57 million (about US$21.5 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Union of the Comoros. more »

IMF Executive Board Completes Second Review Under Stand-By Arrangement with Mongolia

The Executive Board of the International Monetary Fund (IMF) today completed the second review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA). more »

Parex banka establishes subsidiary for real estate management

Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”, or “Real Estate Fund”), which will professionally manage assets that are not related to the Bank’s core business. more »

Prime Minister Andrius Kubilius: a more intensive dialogue between the EU and Belarus is a chance for all of us

In his address at the Lithuanian-Belarusian Business Forum “Belarus and Baltic States: new prospects for cooperation”, Prime Minister Andrius Kubilius has pointed out that Lithuania sees Belarus as creating its future in Europe... more »

Verizon Business SMB Solutions Team Advances Collaboration Capabilities for Juvenile Diabetes Research Foundation

JDRF Employs VoIP and Web-Based Video Collaboration Enabled by Cisco for More Effective Teamwork Among Employees and Constituents. more »

AB Bank SNORAS group acquired “Finasta” group

On 16 September 2009, AB Bank SNORAS group finished the transaction during which it purchased from AB “Invalda” with its own funds 100 per cent of the shares of AB “Finasta įmonių finansai”, managing AB Bank “Finasta”. more »

Bernanke: recession likely over

Federal Reserve Chairman Ben Bernanke that the worst U.S. recession since the Great Depression was probably over, but the recovery will take time. more »

European economy recovering sooner than expected

Growth expected to return in the second half of 2009. Forecasts are still uncertain but fears of a severe, prolonged recession are fading. more »