- Hans Weber
- December 4, 2023
European Commission Approves €2.2 Billion Boost to Czech National Recovery Plan for Clean Energy and Industrial Transformation
Prague, Czech Republic – [Date] – The European Commission (EC) has granted its approval for the revised Czech National Recovery Plan, injecting an additional €2.2 billion (approximately CZK 53.6 billion) into the Czech Republic’s efforts to support clean energy initiatives and industrial transformation. The EC President, Ursula von der Leyen, announced this pivotal development during her visit to Prague, following discussions with Prime Minister Petr Fiala of the ODS party. With this approval, the total allocation for the National Recovery Plan now stands at €9.2 billion (approximately 224.2 billion crowns).
President von der Leyen detailed the plan’s provisions, emphasizing its commitment to directing €736 million (17.8 billion crowns) toward investments in grid infrastructure, renewable energy sources, and eco-friendly transportation. Furthermore, the plan seeks to bolster the Czech Republic’s capabilities necessary for a green transformation of its industrial sector.
The EC acknowledged the Czech Republic’s introduction of fresh investment initiatives within the recovery plan, including affordable housing construction, the digitization-driven modernization of electricity distribution systems, and enhanced cybersecurity measures for public administration. Notably, the plan incorporates a new section aimed at accessing REPowerEU funding, consisting of 15 reforms and nine investments designed to reduce reliance on Russian fossil fuels.
Prime Minister Fiala disclosed that his meeting with President von der Leyen also involved discussions about the TAL pipeline project, which connects the Czech Republic to Italian ports, potentially reducing dependence on Russian oil. Fiala underscored that state investments in this project would be subject to Commission approval through the notification process.
The Czech Republic is also awaiting notification for the proposed expansion of the Dukovany nuclear power plant. Fiala expressed optimism about the prospects of receiving this notification, emphasizing the pivotal role of nuclear energy in the country’s decarbonization efforts. He highlighted the Czech Republic’s substantial expertise in nuclear energy, encompassing educational institutions and research and development.
President von der Leyen reiterated that the choice of energy sources remains within the purview of individual EU member states. She assured that the Commission recognizes the importance of nuclear energy for the Czech Republic and remains open to considering state aid programs within this sector, as needed.
This approval signals a significant milestone in the Czech Republic’s pursuit of a cleaner and more sustainable energy future, aligning with the European Union’s ambitious climate and energy goals.
Article by Prague Forum