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EU OKs €1B Support For High-Efficient Electricity In Slovakia

By  |  March 4, 2021

The European Commission has approved, under EU State aid rules, Slovak plans to support the production of electricity from high-efficient cogeneration installations connected to district heating networks in Slovakia.

Executive Vice-President Margrethe Vestager, in charge of competition policy, said “This over €1 billion Slovak measure will provide an important contribution to EU energy and climate objectives, without unduly distorting competition.”

Slovakia notified the Commission of its plan to support combined heat and power (CHP) installations connected to district heating networks in Slovakia.

The scheme aims to: (i) increase or maintain high efficiency of existing high-efficient cogeneration installations; (ii) incentivise their switch from coal to natural gas or renewable sources; and (iii) stimulate investments in new high-efficient cogeneration facilities.

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