Innovation and Networks Executive Agency (INEA) has signed 15 grant agreements for priority energy infrastructure projects, the first of 34 to receive a total of EUR 647 million under the European Union’s Connecting Europe Facility 2014 call for proposals, Investment.albaniaenergy.org portal said.
The presentation of Albanian Centre for Energy Regulation and Conservation – Acerc, reported these are some of 248 projects of common interest selected by the European Commission, which aim to upgrade existing energy infrastructure and develop new energy transmission infrastructure of crucial importance to Europe’s energy security. They will also support the deployment of large-scale renewable energy.
The projects include design, implementation and environmental studies for a planned 1,518 kilometers long Israel–Cyprus–Greece 400 kV EuroAsia Interconnector of 2 k (pictured here). Also included in financing are hydro-pumped storage units in Bulgaria in Greece, a part of an interconnector between the two national grids, and several internal lines in Bulgaria.
The next grants to be allocated to energy projects under the CEF will be selected under the latest call for proposals which closed on 29 April 2015.