Prime Minister Nicolae Ciucă met with representatives of Romelectro, Hidroconstruct, Hidroelectrica, CE Oltenia and CE Hunedoara to identify solutions for developing the national electricity generation capacity. The target is to increase Romania’s energy independence level as early as this year, writes an official press release.

This will result from the commissioning of around 700 MW: CEO Oltenia – 300 MW (from May), Romgaz – 210 MW (at Iernut, by the end of the year) and Hidroelectrica – 200 MW (from 2023).

The government promises to step up investment plans from the Modernisation Fund to develop energy production capacity, including from renewable sources, and mentions the projects worth 1.4 billion euros submitted earlier this year by CE Oltenia, of which 895 million euros from the Modernisation Fund. “Another 400 million euros will be allocated to projects submitted by Transelectrica, to which will be added the 1.1 billion euros for the development of the electricity distribution network,” the executive said.

The Ministry of Energy scheduled for this month to launch the calls for energy projects worth 960 million euros, which will lead to an additional electricity generation capacity of 260 MW in the coming years.

A further 2.8 billion euros will be made available from the Modernisation Fund this autumn for the development of power generation capacity, the Government adds.