Transelectrica gets first tranche of EU grant for electricity line

Romanian power grid operator Transelectrica [BSE:TEL] said on Friday it has received the first tranche of 2.2 million euro ($2.63 million) of a 27 million euro grant from the European Commission (EC) to build a new electricity line. The funds will be used to start the construction of a 400 kV line between Cernavoda and Stalpu, Transelectrica said in a statement filed with the Bucharest Stock Exchange, BVB. The project will ...

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