Transelectrica to invest 93m euros

Transelectrica, the national electricity carrier, will invest about 3,452 billion ROL (93.2m euros) this year, twice last year’s level, when investments amounted to 1,700 billion ROL (54.3 million euros). “Our investments will peak this year, considering the contracts we have signed. Most of the investment projects started last year and will continue throughout 2003, with 2,730 billion ROL (73m euros) allotted, whereas other projects were launched in January and February this year,” Jean Constantinescu, Transelectrica general manager told Ziarul Financiar.  ZF