The projects will be financed both from own funds and from European grants attracted via the Modernization Fund and envisage increasing network resilience considering future consumption needs. The electrical installations currently serve around 27,500 clients.
The company has already started modernization works at Navodari station, a RON20 million project financed from own funds. Works are scheduled to last for around 24 months.
The project for the upgrading of medium voltage electrical installations is worth almost RON48 million VAT included, with around RON31.5 million VAT not included financed via European grants.
Retele Electrice companies have launched a public procedure to award the contract related to the largest part of works, worth around RON38.7 million VAT not included. The deadline for submitting bids is March 20.
Retele Electrice Companies operate networks with a total length of over 133,000 kilometers covering three important areas of the country: Muntenia Sud (including Bucharest), Banat and Dobrogea, covering one third of the local distribution market, and carry out an investment program aimed at improving service quality, network safety and performance and local implementation of PPC Group’s environmental standards. The power grids operated by the three Power Grids companies include 287 primary stations and over 24,000 transformer substations.
(English version by Catalina Apostoiu)