Romania has secured a €200 million loan from the European Investment Bank (EIB) to support the modernization of its electricity distribution network. This funding is part of a larger €629 million investment project aimed at strengthening Romania’s energy infrastructure, which will also be co-financed by European funds and contributions from the project’s beneficiaries.
The project aligns with Romania’s ambition to achieve greater energy independence and focuses on upgrading and expanding the country’s electricity distribution network. The EIB highlighted that this investment marks a significant step towards Romania’s goal of developing a modern, robust, and efficient electricity network. The upgrades will enhance Romania’s ability to absorb and distribute electricity from renewable sources and reduce internal energy consumption.
The EIB’s support will primarily target the consolidation and renovation of substations and overhead transmission lines across Romania. Additionally, the project incorporates elements of the CARMEN initiative, which represents about 10-15% of the total investment. This initiative is part of the broader European Union Project of Common Interest (PCI), aimed at improving the interconnectivity of electricity networks between Romania, Bulgaria, and Hungary.
