INVESTMENT AID FOR HIGH-EFFICIENCY COGENERATION [ S.L.463.13 1 SUBSIDIARY LEGISLATION 463.13 INVESTMENT AID FOR HIGH-EFFICIENCY COGENERATION REGULATIONS 1st May, 2016* LEGAL NOTICE 179 of
- The title of these regulations is the Investment Aid for High-Efficiency Cogeneration Regulations.
- In these regulations unless the context otherwise requires: "the Act" means the Malta Enterprise Act; Citation. Interpretation. Cap.
- "the Corporation" means Malta Enterprise established under the Act; "the Guidelines" means such guidelines as may be published by the Corporation from time to time in terms of the Act; "small undertaking", "medium-sized undertaking" and "large undertaking" shall have the meaning attributed to them by Annex I of Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty; " un d e r ta ki ng " m e a n s a par tn e r sh ip c o ns tit ute d u n de r t he Companies Act, being a partnership en nom collectif, en nom commandite, or a limited liability company. 3.
(1)Where the Corporation is satisfied that an undertaking carrying on or intending to carry on an activity that may contribute to the economic development of Malta, requires assistance with respect to (
- a)new equipment to be fitted with an existing energy transformation equipment which would result in a high-efficiency cogeneration process; (
- b)new equipment which is classified as a highefficiency cogeneration process; (
- c)upgrade to an existing cogeneration process which would render it as a high-efficiency cogeneration process; (
- d)upgrade to an existing high-efficiency cogeneration process which would improve the efficiency of the process, the Corporation may provide such an undertaking with a tax credit, i n a c c o r d a n c e w i t h t he te r m s an d co n d i t i o ns s e t o u t i n t h e Guidelines: Provided that for the purposes of this sub-regulation, "cogeneration" and "high efficiency cogeneration" shall have the meaning attributed to them in the Guidelines. *see regulation 1
(2)of these Regulations as originally promulgated. Cap. 386. Investment aid for high-efficiency cogeneration. 2 [ S.L.463.13 INVESTMENT AID FOR HIGH-EFFICIENCY COGENERATION
(2)The assistance provided by this regulation shall not exceed (
- a)sixty-five per cent (65%) of the eligible costs in the case of an undertaking which qualifies as a small undertaking; (
- b)fifty-five per cent (55%) of the eligible costs in the case of an undertaking which qualifies as a mediumsized undertaking; (
- c)forty-five per cent (45%) of the eligible costs in the case of an undertaking which qualifies as a large undertaking, i n a c c o r d a n c e w i t h th e t e r m s an d co nd i t i o n s se t o u t i n t h e Guidelines. Deadline for submission of applications for assistance. 4. Applications for assistance under these regulations shall reach the Corporation by not later than the 1st March, 2019.