So far, Delgaz Grid has submitted 20 investment projects, totally worth RON3.3 billion, to get RON2.6 billion funding from the Modernization Fund, with the difference secured by the company.
Six projects, worth RON900 million, with co-funding of almost RON700 million, have already been approved and the funding contracts have been signed, according to the company’s officials.
“After last year’s record-high investments in the electricity area, of RON455 million, we are continuing at a fast pace the projects aimed at the development of the distribution network. In the absence of an adequate ruling framework for energy transition, the Modernization Fund represents a lifeline for getting the necessary funding to boost the capacity of the system to take over renewable energy,” explains Cristian Secosan, Delgaz Grid general manager.
(English version by Catalina Apostoiu)