“We want to attract as much European money as possible for investments, especially since these financings do not put pressure on distribution tariffs. It is very important because every euro we manage to attract from EU funds and invest in Romanian infrastructure means one euro less to pay for the Romanian consumer”, said Cristian Secosan, general manager of Delgaz Grid.
Two projects, with a cumulative value of approximately RON626 million, of which nearly RON433 million represent non-refundable financing, target the installation of up to 900,000 SMART meters and the creation of the necessary infrastructure for data transmission, as well as the modernization of over 40,000 branches.
Two other projects, worth approximately RON306 million, of which RON238 million represent non-refundable financing, target the modernization of 14 transformer stations in order to increase the safety of taking over the electricity produced from renewable resources, reducing the number of outages, reducing the amount of undelivered electricity and reducing maintenance costs of the electricity distribution network.
So far, Delgaz Grid has submitted a total of 24 investment projects worth RON3.9 billion in order to obtain RON3 billion financing from the Modernization Fund, with the difference being covered by the company. These projects target the modernization of transformer stations, high, medium and low voltage networks, SMART metering and the increase of the electricity distribution capacity in the region of Moldavia.
Ten projects, worth a total of RON1.8 billion, with RON1.4 billion co-financing, have already been approved and the financing contracts signed.