PURPOSE: to mobilise the Flexibility Instrument in order to finance part of the European Economic Recovery Plan as well as the decommissioning of the Kozloduy nuclear power plant in Bulgaria.
PROPOSED ACT: Decision of the European Parliament and of the Council.
CONTENT: the Interinstitutional Agreement of 17 May 2006 (IIA) allows for the mobilisation of the Flexibility Instrument to allow the financing of clearly identified expenditure which could not be financed within the limits of the ceilings available for one or more headings of the multiannual financial framework.
For budget 2010, additional expenditure, beyond the ceilings of heading 1a is required.
It is therefore proposed to mobilise the Flexibility Instrument in accordance with point 27 of the Interinsitutional Agreement.
The amounts to be mobilised are as follows:
· EUR 120 million towards the financing of projects in the field of energy in the context of the European Economic Recovery Plan;
· EUR 75 million for the decommissioning of the Kozloduy nuclear power plant.