The Romanian Ministry of Energy and E-Distributie Dobrogea signed a non-refundable financing contract through the Modernization Fund, worth 9.6 million euros for the development, modernization and systematization of medium-voltage electrical installations related to the Navodari 110/20kV primary substation.
From the total value of the project, the maximum amount covered by the Modernization Fund is 80% of the eligible expenses, respectively 6.4 million euros. The project aims to modernize medium voltage networks, modernize substations and introduce the remote control system of substations, for the benefit of the residents of the Navodari area.
The validity of the contract ends at the end of the project sustainability monitoring period (five years from the date of commissioning of the investment). The estimated implementation period by E-Distributie Dobrogea is a maximum of 29 months.
Minister of Energy Sebastian Burduja said that some of the most important renewable energy production units are concentrated in Dobrogea, as well as NPP Cernavoda. The development of the distribution network is vital to the national energy system and the Ministry strongly supports the modernization of distribution networks.