Transgaz has signed a financing contract for European funds for the development of the gas transmission system in the North-East of Romania

Transgaz SA signed on Thursday the financing contract with the Ministry of European Funds for the development of the National Gas Transmission System in the North-East of Romania. The financing agreement was signed in the context of the joint meeting of the Governments of Romania and the Republic of Moldova, the Ministry of Economy informs. The project’s value is 152 million euros, of which 46 million euros come from European funds under the Operational Program Infrastructure. The project implies NTS developments in order to improve the gas supply of this region, as well as increasing the transport capacity in the perspective offered by the new interconnection pipeline between Romania and the Republic of Moldova.

Source: Hotnews, Digi24

E.ON wants to build one of Europe’s largest onshore wind farms

German energy provider E.ON announced its intention to build a 475 MW onshore wind farm in Sweden, which it said would be one of the largest in Europe, according to industryeurope.com.The Nysater project, to be developed in collaboration with the Credit Suisse Energy Infrastructure Partners investment manager, will include 114 turbines.The total investment in the project, which will begin construction this year, is expected to reach 500 million euros.

Source: Ziarul Financiar

Transelectrica: investment of 4.1 billion lei in network development, by 2027

The national electricity carrier Transelectrica will propose to the shareholders on December 20th the approval of the Plan for the development of the electric transport network for the period 2018 – 2027, according to the AGA convocation, posted on the company’s website, quoted by Agerpres.The projects proposed during this period will require a total financing of approximately 4.1 billion lei, according to the company documents. This funding will be provided in a proportion of 84% of the regulated tariffs (transmission and system services tariffs), 11% of the revenues obtained through allocation of the interconnection capacity, and 5% of the non-reimbursable funds.

Source: E-nergia

The government would approve the second budget rectification this Friday

The government would approve the second fiscal rectification this Friday, government sources said for AGERPRES. The Ministry of Transport, the Ministry of Research and the Ministry of National Education are the institutions that lose the most money after the second budget adjustment in 2018, while the Ministry of Finance, the Ministry of Labor and the Ministry of Health receive the most important fund supplements according to the announced project by MFP. The draft agenda for the approval of the annual limits for the years 2019, 2020 and 2021, for the repayable financing that may be contracted and for withdrawals from the repayable financing contracted or to be contracted by administrative / territorial units/subdivisions.

Source: Agerpres