16 Oct 2021, 10:00

Regarding the request for "Kickstart phase 1 development of the "Solaris Azrekko" solar energy megafarm" by the Union of Duxburian Dominions

I am of the opinion that this project should receive a subsidy from the European Development Agency. However I think it will be necessary to propose a counter-offer to the Union of Duxburian Dominions since the amount of money requested by the Union of Duxburian Dominions is almost five times the budget of the Agency. The current budget is 600 100 000€ and after some consultation I understand that some of the funds for the Future Initiative Allotment, which received 11 000 000 000€ from the budget of the European Union, could also be transferred under this Agency in order to provide subsidies for certain projects. We also must be responsible and keep in mind the requests that might come in the future and the funds that new projects will require since the fiscal year has started just recently. I consider it necessary to propose a counter-offer offering lower amount of money for this project. I think we should also reflect this in the interest per annum and offer a lower interest or even change the form of subsidy into a interest-free loan or a grant, depending on what amount we will propose to the Union of Duxburian Dominions. And perhaps, after some time it will be possible to grant the Union of Duxburian Dominions another subsidy for this project if they request it. I'd like to hear your opinions on the matter Commissioners Daggott and Mitchell, if you agree with me that we should make an counter-offer to the Union of Duxburian Dominions and what would you consider a satisfactory proposition.

Sofie Čikarová
Premier Commissioner