BUCHAREST (Romania), April 23 (SeeNews) – Romanian electricity and natural gas distributor Delgaz Grid, a subsidiary of German utility E.ON, said on Wednesday that this year it plans to invest over 560 million lei ($128.5 million/112.5 million euro) to modernise and expand its gas distribution network.
This investment plan involves modernisation works to be carried out across 450 km of gas grid, the expansion of the grid by more than 140 km, as well as the overhaul of 14 regulation and measuring stations, Delgaz Grid said in a press release.
Of the total amount, 46 million lei will be used to modernise about 107 km of the gas distribution network in the central county of Mures.
Delgaz Grid operates a natural gas network of 26,000 km in 20 counties in northern and western Romania and an 82,000 km electricity grid in six counties in the country’s northeastern historical region of Moldova.
(1 euro = 4.9775 lei)