Delgaz Grid aims to obtain RON2.6 billion financing from the Modernization Fund and the difference will be covered by the company.
Six projects, worth RON900 million, with a co-financing of almost RON700 million, have already been approved and the financing contracts signed.
The two projects to modernize the high-voltage overhead power lines, for one of which the financing contract was signed, are worth a total RON243 million, of which the amount of RON190 million represents financing from the Modernization Fund.
“The high voltage network is vital for taking over the energy generated by large wind or photovoltaic parks. That’s why we invest heavily in the development and increase of the capacity of the distribution system, both from our own sources and from financing attracted from European Funds, through the Modernization Fund”, said Cristian Secosan, general manager of Delgaz Grid.