RTT: EU To Invest EUR 647 Mln. In Key Energy Projects

The member-states of the European Union have agreed to allocate EUR 647 million to support key priority energy infrastructure projects, it was announced Wednesday.

The bulk of the support goes to gas projects in the Baltic region as well as in Central Eastern and South Eastern Europe. Funding will come from an EU program called the Connecting Europe Facility (CEF).

"The supported projects will increase Europe's energy security and help end the isolation of Member States from EU-wide energy networks. They will also contribute to the completion of a European energy market and the integration of renewables to the electricity grid," the Commission said in a statement.
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