Alarming Electricity Price Increase: EU Offering 60% Non-Reimbursable Funds for Cogeneration Plants (CHP)

By District Energy posted 03-11-2020 10:59


BR Business Review


The European Union is offering 60% non-reimbursable funds for the heavy energy consumers, up to 15 mln. EUR, through the POIM 6.4 financing axis, which can be invested in developing their cogeneration plants of high efficiency (CHP). This will allow the companies in the production sector to produce their own electrical and thermal energy for their activity and also to obtain huge cost cuts to their energy bills.

Companies active in the dairy processing, food and bakery industry, beer, wood processing, heavy industry or production of construction materials are targeted, as well as other heavy energy consumer companies.

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