600 Mln EUR Investments In Electricity Distribution Networks

F.A.
Ziarul BURSA #English Section / 23 februarie 2007

Economy and Trade Minister Varujan Vosganian met yesterday with representatives of energy distribution companies Electrica Transilvania Sud, Electrica Muntenia Nord, ENEL Romania, Electrica Oltenia, Electrica Transilvania Nord, Electrica Muntenia Sud and EO.N Moldova.

The representatives of these companies presented activity reports for last year"s investment programs as well as for the ones planned for the current year. The total value of investments to be made by all eight energy distribution companies in 2007amounts to 600 million EUR. Of this amount, 250 million EUR will be used for maintenance activities, while the rest of the money will be spent for further investments, according to a press release sent to our newspaper.

Mr. Vosganian also raised the issue of the quality of energy supply services and said that the Ministry of Economy is responsible for the administration of the energy system, while the distributors are responsible for the quality of the energy delivered to consumers. For all eight distribution areas in our country, the Economy Minister demands a clear-cut investment and maintenance plan. Thus, the investment plan for 2007 will be followed by a long-term project for the period 2008-2012. The new objectives will be approved by the National Authority for Energy Field Regulations (ANRE).

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