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N. Papathanasis: The Development Bank started the creation of tools to support RES investments

The former Ladopoulos paper factory, which was recently approved for use through a PPP, was visited today by Deputy Minister of Development and Investment Nikos Papathanasis.

As the Deputy Minister states in a post on social media: “Today we visited with the governor of Western Greece Nectarios Farmakis the MP of ND Achaia Angelos Tsigris and the former Ladopoulos factory through a technical team, which we recently approved.

It is an emblematic project claimed by the Region of Western Greece and will connect the history of the city with the coastal front. A modern and energetically upgraded building complex will be created that will serve the public needs and commercial uses of the city. A very important project for Patras and the wider region “.

N. Papathanasis: The Development Bank started the creation of tools to support RES investments

The financial tools of the Development Banks for the green investments

In the meantime, Mr. Papathanasis participated in the 10th Regional Development Conference RGC 2022 and referred to the financial tools and the role of Development Banks for the development of green investments in Greece.

Mr. Papathanasis pointed out, among other things, that: “Europe was too late to change its production model and move towards an independence from fossil fuels and we have reached our days where the war brought us in front of the energy crisis and we are now running to cover it. vacuum”. He also said that the Development Bank, which is supervised by the Ministry of Development, has started creating financial tools to support the schemes that want to enter the development of Renewable Energy Sources.

In the same discussion attended by the Deputy Minister, Antonis Papageorgiou, Senior Loan Officer of the Investment Team of the European Investment Bank for Greece and Cyprus stated that in our country contracts have been signed amounting to 5 billion euros, of which a large about 30% relate to climate and the environment. “The European Investment Bank has set itself the goal of being the EU Bank for Climate and Response to the Climate Crisis and has committed to at least 50% of its climate and environmental sustainability by 2025,” he said. contributing to investments that will exceed 1 trillion euros “.

The President of the Black Sea Trade and Development Bank (BSTDB) Dmitry Pankin pointed out the Bank’s crucial role in shaping the projects that will be called to be financed “at the moment money is not the problem. There is huge amounts of money from the European Central Bank and the European Mechanism “, added Mr. Pankin, emphasizing that BSTDB can contribute to the implementation of investments and projects for both RES and other opportunities for interconnection of natural gas and energy.

Finally, Ms. Oana Simene, Policy Officer, DG Economic and Financial Affairs, European Commission referred to the Repower EU program adopted by the European Union to tackle energy dependence on Russia and climate change.

Source: Capital

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