“The project to build a new 400 kV overhead power line between Constanta Nord and Medgidia Sud, proposed by NPG Co. Transelectrica SA in mid-September this year for financing from the Modernization Fund’s budget, obtained a 22.9 million euros funding, according to European Commission Decision C (2021) 9135, of December 6, 2021, being the first Romanian project approved under this European funding mechanism”, the company said in a stock market report Wednesday.
The payment of the funds was made on Monday, December 13, 2021, to the Ministry of Energy, as the competent authority for the management and development of the Modernization Fund.
The construction of the new 400 kV overhead power line between Constanta Nord and Medgidia Sud substations will allow the integration of additional electricity generation from renewable sources of about 685 MW in the Dobrogea area. It will also make it possible to reduce greenhouse gas emissions by about 16,000 tons per year.
The 400 kV Constanta Nord – Medgidia Sud overhead power line (OHL), on the list of the 20 strategic projects of national importance of NPG Co. Transelectrica SA, involves the construction of 35 new kilometers of overhead power line, 2 kilometers of underground power line, as well as the extension of Constanta Nord and Medgidia Sud substations. The implementation of the project will take place between 2021-2024.