The amount accounts for 80% of the eligible expenses for an investment project in the electricity distribution network, a project whose estimated value is about EUR8.26 million (excluding VAT), the company said in a report to the Bucharest Stock Exchange.
“This project completes the list of the four investment projects for which DEER already attracted EUR57 million through the Modernization Fund. The project is for the modernization of the 110 kV LEA (overhead power line) Pogoanele – Jugureanu, Buzau County, aims to modernize 26.4 km of the 110 kV LEA, with a deadline of April 2027, and the objective of the project is to increase the reliability and capacity of the high voltage network, increase the quality of the service of distribution of distributed electricity, ensuring the security of electricity supply for existing users, as well as ensuring the possibility of connecting future consumers and producers,” Electrica said.
(English version by Loredana Fratila-Cristescu)