Monday 27 August 2007

Renewable energy in Romania: 24.8m lei for 3 projects


Romania's Environment Fund Administration (AFM) decided to grant for the first time 24.8 million lei for three projects regarding renewable energy and is now waiting for the approval of the European Commission, AFM president, Mihai Toti said.

AFM will finance a biomass project with 4.6 million lei, a project for producing electricity with 18.4 million lei and a micro-water plant project with 1.8 million lei. The projects have been approved by the Competition Council and will also be sent to Brussels for further approval.

AFM has also approved three projects for planting trees. The projects eye areas with problems such as Tulcea county, near the Black Sea and Timis county, in western Romania. These projects will receive 263,000 lei, 445,000 lei and 272,000 lei.

Environment Minister Attila Korodi, said at the beginning of August that one of the measures to encourage usage of the renewable energy potential would be to open a financing line for individuals.

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