“We allocate EUR50 million annually to upgrade the transmission lines. In six years, we have upgraded 15% of the power line network in Oltenia, a network which is 40-years old on average,” said Doina Vornicu, general manager of CEZ Distribution.
Vornicu said around 10% to 12% of the electricity distributed annually in Romania is lost due to obsolete transmission lines, above the average 7% power system loss recorded in Europe.
CEZ runs several power companies in Romania. The Czech group reported revenues of 2.5 billion lei (EUR544 million) in 2011. (EUR1=RON4.5885)