Romania to upgrade oil, gas and power grids
Romania is to invest €181m ($229m) to upgrade its power, oil and gas transmission systems across the country, according to the Ministry of Economy. The cash will be stumped up by a variety of European agencies and Romanian banks. Last year, Transelectrica, the Romanian transmission system operator (TSO) said it would invest up to €100m in upgrading plants and extending transmission cables across the country (see EDEM 10 December 2009). The revamp was expected to include the extension of interconnection capacity with Serbia, rehabilitating transformer stations, and the development of a subsea cable between Romania and Turkey. (THE ICIS HEREN REPORTS - EDEM 14.164 / 25 August 2010)

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