The unique features (super-low background and large sensitive volume) of the CTF and BOREXINO set ups are used in the CAMEO project for a high sensitivity study of 100-Mo and 116-Cd neutrinoless double beta decay. Pilot measurements with 116-Cd and Monte Carlo simulations show that the sensitivity of the CAMEO experiment (in terms of the half-life limit for neutrinoless double beta decay) is (3-5) 10^24 yr with a 1 kg source of 100-Mo (116-Cd, 82-Se, and 150-Nd) and about 10^26 yr with 65 kg of enriched 116-CdWO_4 crystals placed in the liquid scintillator of the CTF. The last value corresponds to a limit on the neutrino mass of less than 0.06 eV. Similarly with 1000 kg of 116-CdWO_4 crystals located in the BOREXINO apparatus the neutrino mass limit can be pushed down to m_nu<0.02 eV.