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Posted by on 5 Oct 2010. Filed under Business, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Draft budget not so generous to energy sector

According to the draft state budget for 2011, the government will not directly support the energy sector, relying on funds from the European Union instead, with co-financing from the state only as part of the operational programme Competitiveness and Economic Growth.

The projection of funding from EU sources next year is around 44% higher than this year, at EUR 61 million, with investments heading mainly to projects on energy-saving progressive technologies and on increasing energy efficiency.

Target areas include boosting the energy efficiency of buildings through insulation systems and the installation of regulation equipment. Co-generation will also be supported, together with projects that utilise the excess heat produced from electricity generation. In line with the EU energy concept, funds will also go to projects on renewable energy sources (e.g. biomass, geothermal energy, small hydropower stations, and energy produced from municipal waste).

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