Three Countries Give Bulgaria EUR 16 M for Energy Efficiency

Norway, Iceland and Liechtenstein have announced they will grant some EUR 16 M to support Bulgarian projects involving energy efficiency and renewables.

The European Economic Area (EEA) Financial Mechanism adopted for 2009-2014 will be used to allocate the funds.

Both state institutions and municipalities can apply to receive money under energy efficiency projects, with the sum varying from EUR 170 000 to EUR 500 000.

Center-right GERB, who won Bulgaria's parliamentary elections on Sunday, have pledged to put emphasis on such projects and thus stem the flow on rising energy bills.

According to caretaker Deputy Economy Minister Anton Pavlov, the Operational Program "Renewable Energy and Energy Efficiency" is also likely to cut some 35 000 tons of CO2 if successfully implemented.

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