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Non-refundable financing for Transelectrica, of over 56 million euros, through REPowerEU

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Non-refundable financing for Transelectrica, of over 56 million euros, through REPowerEU

Transelectrica obtained a non-reimbursable financing of over 56 million euros, through the REPowerEU component, for the installation of photovoltaic power plants and storage facilities in 29 power stations, the modernization of the Smart SA subsidiary and for the optimization of the communications network managed by the Teletrans subsidiary and the creation of a data center, the company informs in a press release.

The objective of the investment financed by REPowerEU is to increase the flexibility and solve the bottlenecks in the power grid to accelerate the integration of additional renewable…

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