Romania needs to invest EUR 10 bln to upgrade its electricity distribution network

Sorin Melenciuc 06/09/2018 | 16:38

Romania needs to invest close to EUR 10 billion to upgrade its obsolete electricity distribution network, Electrica CEO Catalin Stancu said on Thursday, quoted by Agerpres.

“At present, 60 percent of Romania’s distribution and transport network is overdue, meaning it is a relatively old structure. If we are to translate this in figures compared to the average for the Central and Eastern European countries, SAIDI – the average annual power outage by consumer – is less than 100 minutes and in Romania 270 minutes. This means that there is an obvious need for massive infrastructure investment,” Stancu said.

According to current estimate, Romania needs to invest around EUR 10 billion only to upgrade  the part of the network that is obsolete.

But the electricity distributors operating in Romania could afford to invest only EUR 350-400 million per year, and at this level the period necessary to upgrade the whole obsolete network is 25 years.

BR Magazine | Latest Issue

Download PDF or read online: December 2022 Issue | Business Review Magazine

The December 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Xclusiverse: Going Beyond the Traditional Ways of Doing Business.”
Sorin Melenciuc | 19/12/2022 | 18:45

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue