The European Commission confirmed on Friday that it has received from Portugal the proposal to reprogram the Recovery and Resilience Plan (PRR), which now includes a chapter for the REPowerEU energy plan, with a two-month deadline to respond.
According to a community executive communiqué, the chapter for REPowerEU – Affordable, Secure and Sustainable Energy for Europe includes six reforms and 18 investments targeting energy efficiency of buildings, renewables and biogas, sustainable transport and electricity supply. (from wind turbines, photovoltaic panels and heat pumps).
Portugal also requested an amount of €3.2 billion in additional loans, with grants from PEPowerEU amounting to €704 million.
The government also requested the transfer of its entire share of the ‘Brexit’ adjustment reserve, amounting to EUR 81 million, to its PRR.
The government also wants to include 31 new or extended investments and five new reforms, related to the simplification of tax or social security systems, incentives for the circular economy and better digital access to public services.
As a whole, the amended global plan amounts to €22.2 billion.
The PRR, which runs until 2026, aims to implement a series of reforms and investments to restore economic growth.
This plan aims not only to repair the damage caused by covid-19, but also to support investment and create jobs.
Brussels now has a maximum of two months to assess whether the amended plan meets the assessment criteria of the Recovery and Resilience Mechanism
Source: DN
