Romania : Program funded by the EEA Mechanism for Energy Efficiency was launched

On February 10th the Energy Efficiency Program funded by the EEA Mechanism was launched. General objective of the program: reduction of greenhouse gas emissions and NOx gases.Specific objective: improving energy efficiency in industry

Eligible beneficiaries are SME´s with at least two years activity in the industrial field. The program has a value of 9.411.765 Euro. Measures financed under the program include:

- Improving energy efficiency in electric drive systems (transformers, compressors, motors);
- Improving energy efficiency in heating and cooling systems (heat pump use, modernization of industrial heating / cooling processes);
- Improving energy efficiency in complex systems (replacement of existing equipment with newer, more efficient appliances with high yields);
- Improving energy efficiency through modernization of production lines.

The program includes also a bilateral component - the potential beneficiaries will be assisted to find project partners in one of the donor countries (Norway, Iceland, Liechtenstein).

Financing value (grants): 200.000 Euro - 700.000 Euro for each project.

Financing intensity:
- Small enterprises: 70 %, for projects implemented in Bucharest-Ilfov, Romania - 60% .
- Medium Enterprises: 60 %, for projects implemented in Bucharest-Ilfov, Romania - 50%.

The first call for proposals will be launched by the end of February and will be open for a period of 2 months.

Source: Becker Consult SRL, Romania