Romania, Transelectrica received financing from the Modernization Fund, SEE Energy News
The project to build a new 400 kV overhead transmission line between Constanta Nord and Medgidia Sud, proposed by Romanian electricity transmission system operator Transelectrica in mid-September for financing from the Modernization Fund budget, obtained financing of 22.9 million euros, being the first Romanian project approved within this European financing mechanism.
The payment of the funds was made on 13 December, to the Ministry of Energy, as the competent authority for the management and development of the Modernization Fund.
The construction of the new 400 kV overhead transmission line between Constanta Nord and Medgidia Sud stations will allow the integration of an additional production of electricity from renewable sources of about 685 MW in the Dobrogea area. It will also make it possible to reduce greenhouse gas emissions by about 16,000 tons per year.
The 400 kV overhead transmission line Constanta Nord – Medgidia Sud, is on the list of the 20 strategic projects of national importance of Transelectrica, and involves the construction of 35 kilometers of new overhead line, 2 kilometers of underground line, as well as and the expansion of Constanta Nord and Medgidia Sud substations. The implementation of the project will take place between 2021-2024.
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