“Recycling – Changing the water heater”: the possibility of paying the financing to the institution once or partially

The possibility of one-time or partial repayment of financing to the organization is provided for in the amendment to the Joint Ministerial Resolution on the “Water Heater Recycling and Replacement” Program and was published in the Official Gazette.

In detail, the KYA Law published in the Official Gazette (Government Gazette No. 4931/28-08-2024) states that it is decided that:

Amendment of the Joint Decision of the Ministers of Finance, Development, Investment, Environment and Energy pursuant to the YPEN/ESPAEN/41171/650/13-04-2023 data (item 30 above) “Designation of the certification body for the replacement and withdrawal of domestic hot water production systems and payment of financing for the implementation of procedures for the replacement of domestic hot water production systems with solar thermal energy systems” (Β’ 2557), as follows:

A – Article (3) “Payment of funding to the Authority” shall be replaced with the following text:

Article 3

Repayment of financing to the agency

1. The funding shall be paid to the body referred to in Article 1 of this Law, to which the contract of Article 2 of this Agreement shall be concluded, once upon a relevant request from the body or in parts depending on the course of completion of the requests and the progress of the work.
2. In case of partial payment, the following shall be paid: a) The first installment as an advance payment of up to 30% of the budget of the work being managed, upon signing the contract and upon request from the organization, b) Subsequent installments, depending on the course of completion of the requests and the progress of the work.
3. In all cases, the funding is paid to the agency and then to the beneficiaries without any deduction or reservation in favor of third parties, which may reduce the amount of funding that the beneficiary is entitled to.

4The request for payment of the financing, which constitutes an indirect payment (grant), is submitted to the Directorate of Financial Management of the Ministry of Finance, as the responsible official, by the Implementation and Control Agency, accompanied by the following supporting documents: a) A statement of the supporting documents kept by the Agency’s control, namely:

• Agency request for financing repayment
• In the case of partial payments, a declaration of the agency’s responsible for the good execution of the financing it has already obtained, (for all installments except the first installment) b) a declaration of the agency’s responsible for the failure to undertake/waive the payment c) a financial awareness certificate of the agency d) a certificate of insurance awareness of the agency e) a document including the details of the account of paragraph 5 f) In the case of partial payments, a certificate of payment of the financing of the implementation and monitoring agency (for all installments except the first) g) the agreed opinion of EYD PEKA and POLPRO

5 f) In case of partial payments, the financing payment certificate of the Implementation and Monitoring Agency (for all installments except the first installment) g) Approval opinion of EYD PEKA and POLPRO

6. The organization opens an interest-bearing bank account for the procedures related to the funding transfer grant.

7. The payment procedures for each installment shall be carried out in accordance with the number. Joint Ministerial Resolution No. 134453/23/12/2015 (B2857) regarding the arrangements for payment of PDE expenses.

In the account of paragraph 5 of this article, any refunds or amounts of entitlements shall also be deposited. These amounts, together with the interests that may be generated from the rest of the above-mentioned deposits in the above account, constitute revenues for the general budget of investments, and are available exclusively for the purposes of the lawsuit. Any unallocated amounts from the account, after the completion of the procedure and its payment, shall be deposited by the Authority, under the auspices of the Implementation and Control Authority to monitor the work of the Authority, in the current account of unallocated balances of the previous financial years held at the Bank of Greece.

b – Paragraph 3 of Article 5 “Compensation to cover Agency management costs” shall be replaced with the following text: “3. The amount of compensation paid in accordance with the above shall be determined after auditing the Agency’s expenses and shall in no case exceed 1.5% of the budget under which the measure was announced, including the relevant value added tax.

C – Paragraph (6) of Article (5) “Compensation to cover the costs of managing the agency” shall be replaced with the following text:

6. The administrative expenses of the agency shall be paid by accounting, with the submission of the necessary documentary evidence documenting the achievement of the relevant expenses, based on a request from the agency that shall be submitted immediately upon payment to the beneficiaries of the funding it obtained. The issuance of the ratification of Article 7 of this Article has been completed.

D. For the rest, the Joint Decision of the Ministers of Finance, Development, Investment, Environment and Energy under Information YPEN/ESPAEN/41171/650/13-04-2023 “Designation of the certification body for the replacement and withdrawal of “hot water production systems for use and payment” applies to the financing for the implementation of procedures for the replacement of domestic hot water production systems with solar thermal systems” (B’ 2557).