Transelectrica plans to replace all the primary and secondary equipment at the station.
The initial value of the project was estimated at RON107.8 million, Transelectrica said in a stock exchange filling.
So far this year, Transelectrica has invested RON84.5 million in new projects. The company has scheduled total investments worth RON927.8 million in 2014, up 32% year-on-year.
Romania owns 58.69% in Transelectrica, while investment fund Fondul Proprietatea (FP.RO) holds a 13.5% stake.
At around 4:00 pm, Transelectrica’s shares traded up 1.42% at RON17.11 in Bucharest, amid a slightly rising market. (EUR1=RON4.4591)