“On October 16, 2023 the Project was submitted by Transelectrica together with MAVIR (Hungary’s power transmission operator) as promotors to be included on the 2024 edition in the Ten Years Networks Development Plan (TYNDP). Following the assessment stage of the eligibility conditions established by ENTSO-E the project will enter in the stage of analysis of costs and benefits at the European level, process that shall be carried out within ENTSO-E through the uniform application of the same methodology and the same scenarios established for the estimation of the future evolution of electricity production and consumption at European level”, Transelectrica said in its report.
Transelectrica has a market capitalization of RON2.1 billion and its shares have climbed 34% so far in 2023, amid deals worth RON80 million.