Romania: Electricia 715MEUR investment cycle until 2019, SEE Energy News
Electricity supplier company Electrica published the ambitious modernization & investment plan for 2015, worth over 121 million Euro. The investment cycle plan is approved by the National Authority for Energy Regulation (ANRE) and over 715 million Euro until 2018.
Electrica will invest 2 million Euro for modernizing the 110/20 kV station at Liesti, one of the 27 stations of 110 kV of SDEE Galati. The station at Liesti manages the energy transit between Braila, Vrancea and Galati counties. The modernization works at Liesti started in August 2013 and the investment has been co-financed through the Regional development European Fund.
In the first six months of this year, Electrica increased the investments by 24 per cent compared to the same period of previous year.
By 2018, Electrica aims the transition to 20 kV for about 3000 km of medium voltage lines and a total of 2,400 transformer stations, following the rehabilitation of more than 1,000 cell power stations. Also, by 2018, the company plans to replace over 6.000 medium voltage transformers with reduced loses equipments, with powers ranking between 10-40 MVA. Also it plans to install over 500.000 smart metering systems in the network and the development of a general asset management plan to comprise 437 substations, 26.000 transformer stations, over 50,000 km of medium and high voltage network and over 85,000 km of low voltage, transmits Serbia-energy.eu