S.L. 463.13 ст. 3Investment aid for high-efficiency cogeneration.

(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 high-efficiency 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, in accordance with the terms and conditions set out in the 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.

(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 medium-sized undertaking;

(c) forty-five per cent (45%) of the eligible costs in the case of an undertaking which qualifies as a large undertaking, in accordance with the terms and conditions set out in the Guidelines.