22.5m-euro electrical station in Oradea

Transelectrica, the national electrical power carrier will soon open the Oradea Sud electrical station, a project at the top of its list of priorities. The contract signed with the German Siemens Group was worth 22.5 million euros, instead of the 24.3 million euros initially established. “The initial contract was worth 24.3 million euros when first signed, but in the end actually cost less, 22.5 million euros, partly due to the optimisation of the technical solutions employed, 8.6 million of which accounted for the local contribution (locally contributed equipment, works and services). This was made possible through Siemens’ understanding,” Jean Constantinescu, Transelectrica’s chief executive said. The 400/110 kV Oradea Sud station, a turnkey project executed by Siemens, will play an important role in a new link with Hungary, after the completion of the Oradea-Beckecsaba power line. Furthermore, the station is strategically located with regard to supplying electrical power for Transilvania. The funding for the project in Oradea came from a foreign loan supplied by the German West LB Bank, providing 85% of the foreign contribution for the project. The remainder was covered by the electrical power carrier from its own resources. ZF