Romania clears EUR 109 mln in grants for industrial energy efficiency

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• 01Romania’s Ministry of Energy has approved seven projects with a total investment value of approximately EUR 290 million under a programme supporting the modernisation of industrial installations and improvements in energy efficiency, the ministry said on August 26.
• 02The projects were selected under the programme “Support for the modernisation of EU ETS installations at BAT level, to increase energy efficiency”, financed through the Modernisation Fund’s Key Programme No. 7 for energy efficiency in industrial installations covered by the EU Emissions Trading System, or EU ETS, Ziarul Financiar reported.
• 03A total of 11 beneficiaries submitted projects worth EUR 384.30 million, requesting state aid of EUR 165.3 million, according to the Ministry of Energy.
• 04Their combined investment value is approximately EUR 290 million, while the approved state aid amounts to EUR 108.86 million.
• 05Romania clears EUR 109 mln in grants for industrial energy efficiency.
• 06The programme supports investments in industrial installations and equipment, as well as systems for modernising and monitoring equipment and optimising energy consumption by companies covered by the EU ETS.
• 07The programme is intended to support industrial companies in upgrading equipment and improving energy performance while meeting the environmental and emissions requirements applicable to installations covered by the EU ETS.