Transelectrica has 28 major investment projects undergoing, focusing on 4 main areas, and Romania’s 400 kV ring is done in a proportion of about 64%, according to Marius Carasol, Transelectrica’s CEO.

“The 400 kV ring is done about 64%, the rest of about 36% representing segments that are either under work or in different phases of preparation … At this time we have 28 major investment projects undergoing, concentrated on 4 main areas: refurbishment of stations, consumer safety, integration of Dobrogea and Moldova production and increased interconnection capacity. In 2019, we signed another 6 new execution contracts and we have 11 investment projects at different stages of procurement procedures. We also have six other major projects where we work for the documentation required to launch the procurement procedure. Apart from these projects, we also have 3 major investments under design, namely obtaining approvals, agreements, authorizations,” said Carasol, according to financialintelligence.ro.

“In the first part of the regulatory period, investments were made at a suboptimal level and profitability was above a normal level, resulting in boomerang effects in the company’s behavior during the last part of the regulatory period.

The technical part of the company has been ignored in terms of development, investment and especially the human resource. In fact, the company’s business object was ignored, and a cumbersome and inefficient organizational collapse was created, to the detriment of the permanent development of the technical sector, which in fact is the engine. In this sense, we can say yes, we need a more supple company, adapted to its own real needs, adapted to its strategic mission at national level, to ensure the safety of the national electricity system,” he said.