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Commission backs energy infrastructure projects

The European Commission has identified 250 energy infrastructure projects that will have accelerated licensing procedures, improved regulatory conditions and may be eligible for financial support through the Connecting Europe Facility.

The list, announced on 14 October, includes projects on electricity and gas transmission and storage as well as oil and smart grids projects. The Commission said that for projects to be included on the list, they had to have “significant benefits for at least two member states; contribute to market integration and further competition; enhance security of supply, and reduce CO2 emissions”.

The aim is to implement these projects faster and make them more attractive to investors, the Commission said. Possible financing from the CEF, which has been allotted a €5.85 billion budget for trans-European energy infrastructure for 2014-20, will be available from 2014.

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