BUCHAREST (Romania), June 27 (SeeNews) - Romanian electricity and natural gas distributor Delgaz Grid, a member of Germany's E.ON group, said on Monday that it will invest 21.4 million lei ($4.5 million/4.3 million euro) in the upgrade of a power transformer station in Vicov, Suceava county.
Out of the total investment in the project, 12 million lei will come from EU funds and 9.3 million lei from the company's own funds, Delgaz Grid said in a press release.
Delgaz Grid will replace high and medium voltage equipment and integrate them into the remote data control and acquisition (SCADA) system. Also, the 110 kV Vicov - Radauti power line will be modernized over a length of 17 km and new connections will be made between Vicov, Radauti and Egger stations to increase energy supply safety.
The main objective of the works is to improve the stations' capacity to take over energy produced from renewable resources by reducing power cuts and reduce maintenance costs.
The overhaul will also improve the quality of the distribution service for over 18,000 customers.
At the moment, the company is implementing eight projects, worth about 205 million lei, with a total co-financing of 152 million lei from EU funds.
Delgaz Grid operates a natural gas network of over 24,000 km and an 83,00 km electricity grid in northern and western Romania.
(1 euro=4.9471 lei)