The list of projects accepted in the first session of the ElectricUP program was approved, the budget being of 476 million lei, the Minister of Energy, Virgil Popescu, announced on Wednesday.

“The list of projects accepted during the first session of the financing program was published, following the completion of the evaluation stage and within the budget approved for the first financing cycle in the amount of 476 million lei. The decision to be admitted, respectively rejected, will be communicated to the applicants through the dedicated IT platform. The deadline for submitting the appeal is of 5 working days, starting with the day following the day of communication of the decision of the authority”, the minister wrote on his Facebook page.

According to the list published on the website of the Ministry of Energy, 1,430 projects were admitted at this stage, with a performance coefficient between 49% and 100%. Another 799 projects were rejected, according to Agerpres.

The ME states that, following the appeals procedure, the list of admitted and rejected applicants will be modified.

“The analysis commission applied the calculation method provided in the Financing Guide, according to the computer available at the link associated with the Program. The Ministry of Energy initiated the steps to supplement the budget allocated to this cycle to finance the projects that met the eligibility criteria,” said ministry representatives.

The ElectricUp program is intended for SMEs and companies in the HoReCa field, and those declared eligible will receive funding for the installation of photovoltaic panel systems for the production of electricity with an installed power ranging between 27 kWp – 100 kWp, as well as recharging stations of at least 22 kW for electric and plug-in hybrid electric vehicles. The maximum value of the de minimis aid granted is of 100,000 euro/beneficiary.