site.btaAdditional National Funds for Energy Investments Approved under Recovery and Resilience Plan

On Wednesday, the Council of Ministers approved additional national public co-financing for investments in the Energy sector under the National Recovery and Resilience Plan.

The fubds will cover the costs of value added tax, which is not subject to reimbursement through a tax credit under the Value Added Tax Act. Given the specifics of the activities and the final recipients, a need for additional resources has been identified for the following investments in the Energy sector under the National Recovery and Resilience Plan.

Funds in the amount of BGN 17,999,342 were allocated to  support of renewable energy for households.

Funds in the amount of BGN were allocated for support for new capacities for electricity production from renewable sources and electricity storage.

Funds in the amount of BGN 1,056,148.00 were allocated for a pilot project for combined heat and power generation from geothermal sources.

Funds in the amount of BGN 543,444 were allocated to the national infrastructure for storage of electricity from renewable sources  (RESTORE).

The necessary additional resource above the investment budget is in a total amount of up to BGN 20,290,740.00 and is provided within the budget of the EU funds of the National Recovery and Resilience Fund. The total funds provided are within the medium-term budget forecast for the 2024-2026 period.