Transelectrica to make 140m-euro investment

The national grid company Transelectrica has an investment programme worth 490 million RON (some 140 million euros) for 2007 and intends to maintain the current energy rate for the next 10 years, stated Stelian Gal, the company’s general manager. He specified that the final decision on the transmission rate would be made in mid-November, when the company was due to update its business plan for the next ten years. If is not increased, the rate will be updated depending on the inflation rate. Transelectrica inaugurated one of the biggest sub-stations, the 400 kV supply sub-station in Slatina at the end of last week. The Slatina sub-station project took place in two separate stages. The first was the inauguration of the 220 kV sub-station in 2005, followed by the opening of the 400kV sub-station at the end of last week. The general contractor of this project is ABB Power Technologies from Sweden, which invested 37.2 million dollars (28 million euros), of which 22.71 million dollars (18 million euros) were spent on the 400 kV sub-station, deviation of the 400 kW lines included.