The government has launched a €10 million scheme to help enterprise improve energy efficiency.

The announcement was made by Finance Minister Tonio Fenech during a visit to a local meat importing and processing company, E&M Meats, yesterday. Mr Fenech said the energy grants would be accessible through a competitive call administered by Malta Enterprise.

The scheme will help companies invest in energy-saving measures such as intelligent lighting systems, solar heating and thermal insulation. It will also allow investment in alternative energy sources such as solar and wind power. Eligible projects should be completed within 18 months and have a minimum project value of €25,000. Mr Fenech said businesses could also apply for energy audits through which they can identify effective ways of cutting the cost of energy consumption.

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