Transelectrica completes 150 mln euro power line

As the western region of Romania’s power grid is facing both production and consumption deficits, the new power line will help improve the quality of electricity transmission service, boosting network performance and securing the supply of over 1 GW, Transelecrtrica said in a press release on Tuesday.

The power line is expected to become commercially operational in the second half of 2024, once the construction of the 400 kV Resita station is competed. The new station will also enable the commissioning of the 400 kV overhead cross-border line connecting Resita to Serbia’s city of Pancevo, completed in 2018. The power line will facilitate the consolidation of the energy sector in the Banat region while boosting the interconnection capacity with the European Network of Transmission System Operators for Electricity (ENTSO-E) by 600 MW.

Spanning 117 km, the power line was built by a consortium comprising Romanian infrastructure company Electromontaj and local engineering, procurement and construction (EPC) contractor Romelectro, as well as three subcontractors.,

Transelectrica’s grid development plan for the 2022-2031 period stands to benefit from 1.4 billion euro in financing, of which approximately 500 million euro to be disbursed through the EU’s Modernisation Fund and REPowerEU.

Transelectrica's shares traded 0.17% higher at 29.2 lei ($6.25/5.87 euro) as at 1102 CET on April 18 on the Bucharest Stock Exchange.