Romania’s Transelectrica plans €1.1bn investment to upgrade grid through 2025

Romania’s Transelectrica plans €1.1bn investment to upgrade grid through 2025
By bne IntelliNews August 2, 2016

Romanian power system operator Transelectrica plans to invest RON5.5bn (€1.1bn) over the next 10 years to upgrade its network, according to a development plan approved on August 2 by energy market regulator ANRE, the company announced.

The company issues development plans for the coming decade every two years. Majority owned by the Romanian state, Transelectrica is responsible for the transmission system and market operation, as well as grid and market infrastructure development. It also serves as the main link between power supply and demand. However, it has in the past been criticised for a lack of investment in infrastructure.

The financing sources for the new investment plan are unclear; the company said only that it “will use a balanced and adequate mix for funding the planned investments, taking into consideration all the options and tools offered both by the financial market and by grant programmes managed by European Union.”

The Development Plan of the Power Transmission Grid for 10 years sets as priorities the extension of the power transmission grid by building new lines and refurbishment of existing stations; the growth of interconnection capacity, the growth of transmission capacity between the east and the rest of interconnected National Power System; and the safety of consumption supply in poor areas and the refurbishment of existing stations.

“Thus, at the end of the year 2025, Transelectrica will manage an equipment park, updated in terms of technology, with a high degree of reliability and power efficiency,” the company added.

Related Articles

Hungarian branch of Bucharest listed Digi to buy Invitel Tavkozlesi in €140mn deal

Bucharest listed Digi Communications announced on July 21 that its Hungarian subsidiary, Digi Tavkozlesi es Szolgaltato, has signed an agreement to acquire Hungarian broadband and telephone provider ... more

Romanian media tycoon Voiculescu to be released on parole

A Romanian court ruled on July 18 that media tycoon and former politician Dan Voiculescu, who was sentenced to 10 years in prison in August 2014, should be released on parole after serving ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Dismiss