“Discussions with the European Commission have progressed well, but are still complete. There is a lot of technical work, so more time is needed to complete the final recovery and resilience plan.” said The Treasury minister Matti Vanhanen (Center).
Finland is currently estimated to receive around EUR 2.7 billion from the stimulus package, while its financial contribution to the plant will be EUR 6.6 billion in 2028–2058. The country has not yet given final approval to the package, as the approval process is still ongoing in Parliament.
In March, the Board of Directors published a preliminary plan for the use of its shares.
Nearly half of the funding received from the plant – around € 822 million – is expected to be used to significantly accelerate the transition from fossil fuels to sustainable fuels. Funding will also be used to promote digitalisation, employment, skills development and social and health services.
Aleksi Teivainen – HT
Source: The Nordic Page