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Romania seeking EUR 492 mln EIB financing for 9 energy projects

Green Energy

Romania is seeking EUR 492 million financing from the European Investment Bank's Modernisation Fund for nine mostly green strategic investment projects, the country's Energy Ministry said on Wednesday.

The projects have a total cost of EUR 693 million and were sent to the EIB for approval on September 14, the ministry said in a press release.

One of the projects envisages the construction of a new 400 kV (kilovolt) aerial power line by TSO Transelectrica, between Constanța Nord and Medgidia Sud on the Black Sea coast.

The other eight projects belong to state-controlled energy holding company Complexul Energetic Oltenia, and are involve construction of photovoltaic (PV) parks at the company's coal mining sites and closed ash and slag deposits at several locations. 

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