Oil and gas company OMV Petrom signed a European funds contract to develop a network of more than 400 ultra-fast charging points for electric vehicles in the region. Most of them will be located in Romania – 328, and the rest are planned for Slovakia (52) and Hungary (28), the company said in a statement.
EV charging points will be installed along the TransEuropean Transport Network (TEN-T) by the end of 2025.
The financing contract was signed by the European Executive Agency for Climate, Infrastructure and the Environment – CINEA and OMV Petrom Marketing, as coordinator of the application, with each of the OMV subsidiaries implementing the project in their respective countries.
The total investment in this project is estimated at 40 million euros, of which some 15 million are provided from European funds through the Connecting Europe Facility (CEF). In addition, 5 million euros represents bank credit from the Banca Comerciala Romana, with the rest being provided from own sources.
