EC to fund ASEAN energy projects

EC to fund ASEAN energy projects

JAKARTA: The European Commission (EC) and the Association of
South East Asian Nations (ASEAN) have set up a joint program to
facilitate anywhere from 50 to 60 specific projects in the energy
sector across the Southeast Asian region.

ASEAN Center for Energy (ACE) executive director Guillermo R.
Balce said on Wednesday that a total of 31.5 million euros
(US$27.7 million) worth of funds would be provided for five
years.

He said that the EC would grant some 18 million euros, ACE
510,000 euros, and some 13 million euros expected to come from
project partners.

Balce said that the kind of projects eligible to the funding
facility include the rehabilitation of power projects to be more
environmentally friendly, and energy efficiency-related projects.

Applicants can find the application form at
www.aseanenergy.org and the form must be submitted to the ACE
office in Jakarta, or its representative office in other ASEAN
member countries. -- JP