EC names 250 priority projects

The European Commission is expected to make a preliminary decision on the anti-dumping case in June.

The European Commission

The European Commission has unveiled a list of 250 energy infrastructure projects eligible to share €5.85bn ($7.93bn) of funding.

The so-called ‘projects of common interest’ will benefit from fast-track planning and reduced administrative costs in a bid to boost trans-European energy infrastructure from 2014 to 2020.

They will also have the chance to apply for funding from the budget pool, although this will not necessarily follow.

The Commission hopes the funds will trigger more private investment. It has been estimated that €100bn is needed to improve transmission lines as part of a single, connected EU energy market with an increasing share of renewable power.

Under the streamlined process, approval should take a maximum of three years and six months.

The list includes up to 140 projects Log in to read complete article.

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