Distribution company Delgaz Grid, part of the E.ON group in Romania, on Nov 5 started modernization works at the Iasi Sud transformer station, a project worth a total of over RON73.3 million, of which over RON56.7 million represents European funding through the Modernization Fund.
Delgaz Grid, part of E.ON Romania group, has an investment budget of RON788 million for 2024, from own sources and EU funds, but, at the national level, the amounts reach billions of euros.
Delgaz Grid, part of E.ON Romania group, plans to invest RON1.5 billion to upgrade 44 transformer stations, in the next six years, of which RON1.1 billion represents funding from the Modernization Fund.
Delgaz Grid, part of the E.ON Romania Group, in 2023 carried out the largest investments of the last 18 years, which targeted the natural gas and electricity distribution networks, and exceeded RON874 million (around EUR177 million).
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, has attracted EUR2.4 million in EU funds from the European Regional Development Fund REACT-EU for a total investment of EUR4.3 million in Suceava County.
Cristian Secosan took over on Friday (April 1) the position of general manager of Delgaz Grid, the natural gas and electricity distribution company in Romania of German utility group E.ON, and that of member of the Board of Directors of E.ON Romania.
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, said Thursday it is prioritizing the automation of its electricity distribution infrastructure.