The rural electrification program will be carried out by the Economy Ministry, through the Romanian Agency for the Durable Development of Industrial Areas. It will be 90% financed from the state budget. The remaining 10% will be covered from the local budgets of the communities that will benefit from the program.
“Cost analyses show the financing needed for the national electrification program amounts to about RON1.032 billion. The cost to electrify a remote household stands at some RON11,000,” reads the document.
In 2003, the then Ministry of Economy promised the electrification program would be finished by 2005. The cost of the investment was estimated at $150 million at that time.
Four years later, the Government approved a decision which stated financing needed to implement the project amounted to EUR150 million, and extended the program until 2009. In 2010, authorities announced remote villages will have electricity by 2012.
At the beginning of 2012, the Government extended the rural electrification program until 2016 and estimated costs at RON990 million. (EUR1=RON4.481)