Transelectrica announced yesterday that it has signed contracts for the project of common interest in the amount of RON 357m (EUR 75m).

The Romanian national power grid company Transelectrica SA has informed its shareholders and investors about new contacts signed. It is project “Internal line between Cernavoda and Stalpu” that is financed from European funds under the “Europe Interconnection Mechanism”. This is the first project of common interest carried out by Transelectrica, which received European financing in sum of maximum EUR 27m under the “Connecting Europe Facility” mechanism. The signed project entails execution of contracts for 3 of the 4 project components – building of 400 kV double circuit overhead line Cernavoda – Stalpu (RON 287m), building the 400 kV substation Stalpu (RON 58.4m) and extending the 400 kV substation Cernavoda (RON 11.5m). The project will be executed in 24 months from the beginning of works.

The Cernavoda – Stalpu internal line is aimed at securing the cross section between the western Black Sea coast (eastern part of Romania) and the rest of the European system, while it will also contribute to improving the Romanian electricity transmission grid. Moreover, it will lead to greater interconnection capacity between Romania and Bulgaria and to integrating the wind output from Dobrogea region. The 400 kV substation Stalpu will be built and the 400 kV substations Cernavoda and Gura Ialomitei will be extended, which will allow connecting the new 160 km long transmission line.