Assessments of Projects of Common Interest – In support of meeting PCI selection requirements.Client: GasUnie N.V. | Sectors: Natural Resources
The European Union (EU) has committed to increasing energy efficiency and transforming the EU into a low carbon economic region. For this reason, cross border infrastructure projects that link the energy systems of EU countries are encouraged, by granting it the status of “Project of Common Interest” (PCI) and providing financial assistance.
In order to gain PCI status, it is necessary to demonstrate that the benefits provided by the project outweigh the costs. For the PCI application process, Ecorys has developed a cost-benefit analysis methodology and PCI application template, commissioned by the European Commission. By providing information, guidelines and developing an application template, project promoters are capable of successfully applying for PCI status.
As the developer of the methodology, Ecorys has the essential expertise in order to apply the methodology on prospective PCI projects. Accordingly, Ecorys assessed the PCI eligibility of project ATHOS: an open access CO2 transport infrastructure to enable a one-stop-shop solution for Carbon Capture Utilization and offshore Storage in the North Sea,
Gasunie requested Ecorys to carry out a Societal Cost-Benefit Analysis (SCBA) in line with the PCI methodology, to support the selection process for ATHOS. The analysis firstly describes the performance of the project-specific CBA, which are the costs and benefits that accrue to the business entity representing the project. Secondly, a socio-economic analysis is performed which assesses the costs and benefits that accrue to society as a whole.
In case you need to apply for PCI-status, please do not hesitate to contact us.