The financing contract was signed by CINEA and OPM, as coordinator of the application, each of the companies implementing the project in their respective countries.
The total investment in this project is estimated at approximately EUR 40 million, of which, approximately EUR 15 million are provided from European funds, through the Connecting Europe Facility (CEF), almost EUR 5 million of the total amount represent bank credit from the Romanian Commercial Bank, the rest of the financing being provided from own sources.
“Through the 2030 Strategy, we have undertaken to actively contribute to the energy transition, in Romania and in the region. We have started to develop solutions with low emissions and zero carbon, for which we propose to allocate about 35% of the estimated investments until 2030 of about EUR 11 billion. The development of these solutions opens opportunities for economic growth in Romania and in the region, by attracting European funds,” said Christina Verchere, OMV Petrom CEO.
The project aims to install more than 400 ultra-fast recharging points, each with an installed power of 150 kW, by the end of 2025. Of these, 328 will be installed in 80 locations in Romania, 52 of recharging points will be installed in 11 locations in Slovakia, and 28 points will be installed in 7 locations in Hungary. All stations will allow ultra-fast recharging of electric cars, i.e. charging in approximately 10- 15 minutes, depending on the capacity of the vehicles, for an operating range of 200 km.
At the end of 2022, OMV Petrom announced that will become the first energy company in the region with a network of power stations in four countries in South-East Europe, developed together with partners in the electric mobility sector. At the end of June, OMV Petrom had 150 recharging points in Petrom and OMV branded filling stations in Romania and in the region.
“This project will further support the transition towards a decarbonised mobility across Europe. It will benefit citizens and economic operators providing for a seamless and interconnected network for electric vehicles. In doing so, it will contribute to achieving European Green Deal objectives,” said Richard Ferrer, Head of Alternative Fuels at the European Climate, Infrastructure and Environment Executive Agency (CINEA).
OMV Petrom ended 1Q/2023 with RON9.47 billion sales, down 20% from the year-earlier period, and RON1.48 billion net profit, 15% lower.
The company’s shares have added 33% this year amid RON928 million deals.
(English version by Catalina Apostoiu)