In order to fund the investment program, the company seeks to resort to loans in the amount of RON850 million, and to attract EU funds or other similar financing in the amount of RON827 million, with the remainder of nearly RON2 billion being covered from own sources.
The company said that 36% of the RON3.7 billion amount will be pumped into retrofitting the electric power transmission grid, while 31% will be allotted to increasing the interconnection capacity with neighboring countries.
Transelectrica, 58.7% owned by the Romanian State, has a stock market capitalization of RON1.8 billion and its shares have been trading down 3.5% since the beginning of 2021.