The technical experts of the European Investment Bank and Transelectrica want the cooperation in order to accelerate the energy investments in Romania. The EIB Vice-President and Transelectrica agreed on a new consulting partnership at a working meeting in Bucharest, and the EIB’s European Investment Advisory Hub will provide support to identify existing implementation bottlenecks in the energy investment process.
The technical consulting collaboration, whose role is to facilitate and streamline energy investment processes, was agreed in Bucharest by Gabriel Andronache, President of Transelectrica, Florin Tătaru, Member of Transelectrica and Christian Kettel Thomsen, Vice President of European Investment Bank, responsible for energy and lending operations in Romania.
Cooperation with the European Investment Bank will bring together best practices to increase the pace of future investments in the electricity grid, improve the course of public tenders and procurement, and manage energy projects.
„The European Investment Bank is collaborating with Romanian partners in the energy sector in order to consolidate high-impact energy investments throughout the country. We are pleased to conclude our first consultancy agreement with Transelectrica to support transformational investments to accelerate future projects needed to increase the capacity of Romania’s electricity network, so that increased energy demand can be met and lead to improved service quality in electricity transmission. Investing in energy is essential for meeting long-term climate policies and decarbonisation targets,” said Christian Kettel-Thomsen, Vice President of the European Investment Bank responsible for energy and lending in Romania.
„The agreement signed with the European Investment Bank will be an important step in decongesting the processes and accelerating the investments that Transelectrica has set in the 10-year Electricity Transmission Network Development Plan. At the moment, in order to align with European targets, the infrastructure of the electricity transmission system requires major, impactful investments, which can make possible to increase transmission capacity and integrate renewable energy. Therefore, Transelectrica will closely follow the new approaches and opportunities that will exist based on the Consultation Agreement signed with the European Investment Bank,” said Gabriel Andronache, President of Transelectrica’s Management Board.
