Two sponsorship plans of the Ministry of Energy for the energy upgrade of buildings were approved by the Council of Ministers at today's meeting.
In a statement after the Cabinet meeting, Energy Minister Natasha Pilidou said that the first project is worth 40 million euros - the largest amount ever allocated for such projects - and concerns the energy upgrading of business buildings.
"It is an important project because it allows for a maximum grant of 300 thousand euros, per company, and covers up to 40% of eligible costs for small and medium-sized enterprises, while non-profit organisations are also covered with a grant of up to 60%," she explained.
The second scheme is about encouraging energy upgrading by local authorities and wider public sector bodies. "It is a 9 million plan and there will be a maximum grant of 700 thousand euros and a minimum grant of 10 thousand euros and financial incentives will be provided for converting public buildings to near-zero energy buildings and of course investing in renewable energy, photovoltaic, energy saving and other infrastructure which can help not only for local buildings but also for the community or the municipality more broadly."
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