Romania needs EUR 40 bln investments in the energy sector by 2035

Romania will need to boost its economy by attracting investments totaling EUR 35 bln by 2020, with half of this sum needed exclusively for the energy sector, according to Frank Hajdiniak, CEO of EON Romania, a company that has natural gas and electricity operations in Romania. This statement was made today during a conference on energy organized by Mediafax newswire.   

Hajdiniak added that the energy sector in Romania will need investments totaling EUR 40 million by 2035, as 11.000 MW of installed capacities will have to be replaced. EON has invested RON 1.8 billion after the privatization process from 2005, rehabilitating and upgrading 41000 km of gas network. In the electricity area, E.ON has modernized 100 transformation stations and replaced 1000 km of power lines.

The EON CEO stated that 60 percent of the natural gas transportation network is expired, and 31 percent of hydro power plants need to be replaced. In the sector of electricity distribution, 65 percent of the network has a high degree of attrition and 80 percent of thermal plants have exceeded their operational period.

Romania stills Remain attractive for energy investors due to the location and the potential in hydro, coal, nuclear, according to Hajdiniak. He added that investors need clear and predictable rules.   

Ovidiu Posirca

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