The European Parlament adopted the Energy infrastructure regulationMarch 12, 2013
Funding Scheme: 2013-03-12
After the adoption by the European Parlament of the Industry Infrastructure regulation, the EU commisionner for Energy, Günther Oettinger explained that it will permit to build a european market, where energy systems are physically connected, through the construction of cross-border infrastructures.
Today the European Parliament adopted the Regulation on Guidelines for trans-European energy infrastructure. The Council still need to formally approve the regulation.
To leverage the much needed investments of Euro 200 billion for power grids and gas networks by 2020, the regulation puts in place a new regulatory framework for crucial infrastructures: It foresees a new more transparent and accelerated permit granting procedure which generally will not exceed 3 years and 6 months. The procedure will cut administrative costs for a given project throughout Europe by on average of 30% on the promoters’ side.
This accelerated procedure applies only for key infrastructures, so called ‘projects of common interests’. According to the Regulation, these are projects which are cross-border or have benefits for two or more Member States. The projects may also be eligible for EU funding under the Connecting Europe Facility.
Url description: European Parlment Press