Transelectrica secures €56.2 M for upgrades
Transelectrica has secured €56.2 million for the installation of solar power plants and storage, upgrade of maintenance equipment, and the increase of cybersecurity.
Image for illustration purposes.
Romania, Bucharest: Transelectrica has secured €56.2 million for the installation of solar power plants and storage, upgrade of maintenance equipment, and the increase of cybersecurity.
The country’s transmission system operator said it received the funds from the REPowerEU component of the National Recovery and Resilience Plan (NRRP or PNRR). The funds will be used to finance three essential investment projects for the efficiency and modernization of the power transmission network, according to the announcement. Two will be implemented by its subsidiaries Smart and Teletrans.
The goal is to increase flexibility and address bottlenecks in the grid to accelerate the integration of additional renewable energy power plants and increase grid resilience while strengthening cyber security. The first project envisages the installation of photovoltaic facilities and storage to supply Transelectrica’s substations. The project for the production of electricity for self-consumption is estimated at €29.5 million.
The photovoltaic systems with batteries will produce electricity for 29 out of 81 substations in the transmission grid. The goal is to at least halve the electricity consumption of the substations from the 2022 level. The investment will result in a reduction of 2,610 tons of CO2 per year, and the completion deadline is June 30, 2026.
Smart, the company’s subsidiary for maintenance services, has received €18.2 million for the second project. According to Transelectrica, it will purchase state-of-the-art equipment to achieve the highest standards. The funds will be used to digitalize maintenance services through the implementation and development of software solutions, the company explained. Teletrans will optimize the communications network and create a data center in a €8.4 million project.
Source: Balkan Green Energy News