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Investors in renewable energy generation to get 200 million euro by 2013

The government approved on Wednesday a resolution under which companies operating in the energy sector can receive by 2013 a combined 200 million euro in co-financing for energy generation from renewable resources, Prime Minister Calin Popescu-Tariceanu said at the end of the government meeting.

According to the PM, the money will flow into wind power plants, biomass fired hydropower plants or other technologies using renewable resources. 'We address enterprises - be they large, small or medium-sized - that invest in any of Romania's eight development regions. The beneficiaries of this state grant scheme are all projects implying costs higher than 50 million euro,' said Tariceanu. According to the Premier, the total amount earmarked until 2013 is 200 million euro, of which 170 million euro from structural funds. 'We planned 200 million euro by 2013, an amount that will be broken up on a yearly basis. Of this amount, 170 million euro are non-reimbursable European funds from the European Regional Development Fund, said the head of the government. Tariceanu added that the maximum co-financing cannot exceed 40 pct of total eligible spending in the Bucharest-Ilfov region and 50 pct in the other seven development regions. Sursa: http://www.rompress.ro

Tags: euro million energy renewable

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