Norway, Iceland, and Liechtenstein are donating EUR8 million to Romania to fund energy efficiency programs targeting lower carbon emissions.
The donor states and the Romanian Ministry of Economy signed a memorandum of understanding appointing the ministry program operator for an energy efficinecy program approved in October 2013.
The ministry said in a statement Monday it is launching a call for applications for grants under the program between March 10 and May 9, 2014.
The program, which started in 2013 and ends in 2016, seeks to improve energy efficiency in industry, especially highly pollutant sectors.
The funding targets the upgrade of installations and equipment for an estimated 20 small and medium-sized companies in industry.
The total value of the program is EUR9.41 million, of which EUR1.41 million is Romania’s co-financing share.