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13/06/2005 Financial incentives to support individual energy investments

Development minister Dimitris Sioufas, development ministry general secretary Nikos Stefanou and staff of the General Secretariat for Development and the Special Secretariat for Competitiveness met at the Ministry of Development with representatives of eight Intermediary Management Bodies that support Action 2.1.3 (Financial incentives to support individual energy investments) of the Operational Programme for Competitiveness.

The meeting took place in the framework of accelerated implementation of Action 2.1.3 to support private energy investments in modern systems for energy-saving, joint production of electricity and heat, substitution of conventional fuels, and renewable sources of energy. Action 2.1.3 is one of the largest in the Operational Programme for Competitiveness, with a total budget of 1.115 billion euros and total public expenditure of 412 million euros

At the meeting, Mr Sioufas gave directions for further intensification of efforts in the framework of strict adherence to the obligations of the ‘Ν+2 rule’, stating: “We have announced a campaign with a single aim, like last year, not to lose a single euro of Operational Programme for Competitiveness resources.”

Mr Stefanou first presented the progress of Action 2.1.3. He noted the accelerated implementation of investment proposals, from 17.8 million euros of public expenditure up to March 2004, to 78.9 million euros by the middle of May 2005, an increase of 440%. He also told the Intermediary Management Bodies that the next cycle of the programme would be launched in the first half of July.

The work and services of the Intermediary Management Bodies concern Ministry of Development support for the evaluation of proposals from potential investors, the signing of contracts with final recipients (businesses), and the monitoring, inspection and certification of financed projects and actions to inform about and publicise the Programme. Representatives of businesses (chambers, associations), local government, etc, participate in the Intermediary Management Bodies.

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The O.P. "Competitiveness" is co-funded by the European Regional Development Fund (ERDF), the European Social Fund (ESF), the Greek Government and private funds.
Last update: 21/10/2019 12:42