Transelectrica needs EUR 200 mln investment in network expansion

Newsroom 14/06/2010 | 11:30

National energy market transporter Transelectrica needs solid investments in network expansion as a result of the increasing interest in wind farms. Dan Preotescu, network planning manager with Transelectrica, said during the Focus on Renewable Energy event organized by Business Review that the company required a total of EUR 200 million in order to expand the network to reflect market demand. “The current transportation tariff doesn’t allow us to make these investments very quickly. Moreover, it would help us a lot if the new expropriation law were approved by Parliament much faster,” said Preotescu.

Transelectrica is in negotiations with the European Investment Bank (EIB) over a EUR 65 million loan to finance this year’s necessary investments. Preotescu said his optimistic view was that by the end of the year Romania would have some 400 MW from wind power. In his opinion, the price of energy will rise when total installed capacity from wind farms reaches 1500 MW, as the cost of green energy is higher.

Dana Ciuraru