More than EUR 180 million, from our own sources and European funds, is the amount we have in the investment plan in the natural gas and electricity networks operated by Delgaz Grid”, Delgaz Grid CEO Cristian Secoșan wrote on LinkedIn. With the €136 million in 2022, the total investment since E.ON has been active on the Romanian market amounts to 1.6 billion euros, according to Cristian Secoșan.

The CEO of Delgaz Grid, who is also Deputy CEO of E.ON Romania and Chairman of the Council of Foreign Investors, stresses that the money must be allocated to strengthen the infrastructure so that new energy sources can be connected to the grid. “Both prosumers and large producers from renewable sources need a grid capable of taking over their produced energy and ensuring the quality parameters required by industry and household customers. Without investments in the electricity grid, consumers will not have cheap and quality energy”, adds Secoșan.

The Delgaz Grid official then recalls that the activity of all natural gas and electricity distributors is a regulated one, and the costs are covered by the tariffs approved by ANRE. “Very briefly, if the rates are set as they should be, then I think we will be able to move forward. In this way, we will be able to stabilize our financial situation so as to overcome the problem of the cash deficit, to pay our loans and to continue to make these investments so important for Romania.”

According to Cristian Secoșan, not only the old networks from the 1970s need to be replaced, but also the infrastructure from the 1990s, which “was unfortunately built not always at the best quality”. At the same time, he adds, “we need to invest in the development of the gas network, in projects based on green hydrogen, in cyber security solutions, but also in technology, in IT solutions and so on”.