NextGenerationEU: Commission endorses Czechia’s €9.2 billion modified recovery and resilience plan, including a REPowerEU chapter


News Europa - pubblicata il 02 Ottobre 2023


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Source: European Commission Press Office

 

Today, the Commission has adopted a positive assessment of Czechia’s modified recovery and resilience plan, which includes a REPowerEU chapter. The plan is now worth €9.2 billion (€8.4 in grants and €818 million in loans) and covers 58 reforms and 105 investments.

President Ursula von der Leyen, who is in Prague participating in the Green Deal Summit, said: “I’m glad to announce that we have approved Czechia’s revised recovery and resilience plan, including a new REPowerEU chapter. The revised plan brings €2.2 billion in additional funding for Czechia. This includes €736 million under REPowerEU for reforms and investments in a stronger electricity grid, more renewable energy, energy efficiency, clean transport and, very importantly, the skills needed to support Czechia’s industry and succeed in the green transition. The European Commission will continue to support Czechia along the way.”

Czechia has added further investments to its original plan, such as the construction of affordable housing and the strengthening and digitalisation of its electricity distribution systems. Czechia has also scaled up measures which were already included in the original plan, such as boosting the cybersecurity of digital public administration systems, and made changes to a number of other measures. Importantly, Czechia has added a REPowerEU chapter to its plan, including 15 reforms and nine investments to deliver on the REPowerEU Plan’s objectives. These 24 measures aim at accelerating the Renovation Wave to improve energy efficiency by renovating both public and private buildings, streamlining permitting procedures, strengthening the domestic electricity grid, and facilitating the production of clean energy by leveraging solar and wind power.

A full press release is available here.

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