The European Commission (EC) has proposed a Next Generation EU financial instrument worth 750 billion euros, which will allow private investments in the energy sector to be mobilized, it was announced on Friday at the meeting of the Initiative of Central and Southeastern European countries on connecting gas systems (CESEC).

The hosts of the 7th ministerial video conference of CESEC were EC Commissioner for Energy Kadri Simson and Croatian Minister of Economy and Sustainable Development Tomislav Ćorić, the Ministry of Economy and Sustainable Development reported.

According to the statement, the meeting participants expressed their willingness to strengthen regional cooperation, coordination, and solidarity in order to address the region’s energy challenges.

Source: tportal