Romania's Delgaz Grid to invest EUR 126 mln in 2021
Romanian electricity and natural gas distributor Delgaz Grid, a member of Germany's E.ON group, said on Tuesday that it plans to invest EUR 126 million (USD 154 million) in its distribution networks this year, up 11% compared to the previous year, according to a report by SeeNews.
Out of the total amount, some EUR 58 mln will be invested to modernize natural gas distribution networks, Delgaz Grid said in a press release. Also, some EUR 67 mln will be invested to upgrade the electricity network. During 2021, Delgaz aims to install 22,000 smart electric meters.
Thus, over 22% of the company's customers connected to its electricity network will have smart meters installed by the end of the year. Delgaz Grid operates a natural gas network of over 22,650 km (14,074 mile) and an 81,900 km electricity grid in northern Romania.
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