Two Romanian electricity utility companies, Electrica (BVB: El) and Renovatio Trading, will receive EUR 6.4 million in grants under a EUR 103 million scheme financed under the National Recovery and Resilience Plan (PNRR) to develop power storage capacities of 130MWh. 

The Romanian electricity distributor and supplier Electrica (BVB: EL) will receive EUR 3.4 million for the development of a 70MWh  electricity storage project in Fântânele, Mureş county. The total value of the project is estimated at EUR 21.8 million, of which non-refundable financing represents approximately 20%. 

The second grant, of some EUR 3 million,  goes to Renovatio Trading, for a storage project of almost 61MWh developed in Toplița, in Harghita county.

(Photo: Malpetr/ Dreamstime)

iulian@romania-insider.com