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Image header Agence Europe
Europe Daily Bulletin No. 13033
Contents Publication in full By article 20 / 28
ECONOMY - FINANCE - BUSINESS / State aid

€390 million Romanian scheme for high-efficiency cogeneration of electricity gets green light

On Friday 30 September the European Commission approved a €390 million Romanian scheme, partly made available through the Recovery and Resilience Facility (RRF), to support the production of electricity and heat from high-efficiency cogeneration installations connected to district heating networks in Romania.

This scheme will run until 30 June 2024. In particular, the measure is intended to promote the construction of new high-efficiency plants and the transformation of existing coal-fired plants to natural gas.

The projects to be supported will be selected based on the order in which the applications are received. To be eligible, they must relate to high-efficiency cogeneration plants powered by natural gas and meet the EU’s 2030 and 2050 carbon neutrality targets. Under this scheme, aid will take the form of direct grants. Support will be granted for a maximum period of 3 years.

In particular, the Commission found that the scheme facilitates the development of certain economic activities. It promotes energy-efficient cogeneration installations in Romania and reduces greenhouse gas and CO2 emissions. (Original version in French by Lionel Changeur)

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