Monthly Archives: July 2016

€263 million Investments on energy infrastructure by the European Union under the CEF Energy

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Today Member States agreed on the European Commission’s proposal to invest €263 million in key trans-European energy infrastructure projects. In total, nine projects were selected following a call for proposals under the Connecting Europe Facility (CEF), an EU funding programme for infrastructure. The selected projects will increase energy security and help end the isolation of Member States from EU-wide energy networks. They will also help enhance competition of the European energy market and thus contribute to ensuring that consumers get best value for their money.


Second Call for submission of proposals to CEF Energy for 2016

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On the 30th of June 2016 the second call for proposals opened by CEF Energy, making an indicative €600 million of funding available to finance projects of common interest in the energy sector – namely in electricity and gas. The deadline for submissions by the interested parties has been specified as the 8th of November 2016.

The call will support projects geared at the following objectives:

  • Ending energy isolation
  • Eliminating energy bottlenecks
  • Completion of the internal energy market

More information can be found on the following links:

Inclusion of the project in the European Investment Project Portal

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On 30/06/2016, and after the evaluation of the relevant application submitted by the company, the project was posted in the European Investment Project Portal (EIPP), at the following link: /en/projects/project-32.html.

The EIPP was established by the European Commission to enhance transparency on investment opportunities in the EU. It forms part of an investment project for Europe and is designed to support investment in the real economy.

Through the portal the project will have the potential to showcase, gain publicity and attract potentially interested investors from around the world.