Friday, February 4, 2011

Romanian Transelectrica Plans to Invest $149 Million in Upgrades

Transelectrica SA, Romania’s state- owned grid operator, plans to invest as much as 464 million lei ($149 million) in upgrades, the company said on the government’s official auction webpage.

The company will seek offers until March 17 from companies interested in conducting the upgrade works over three years, according to the statement.

To contact the reporter on this story: Andra Timu in Bucharest at

To contact the editor responsible for this story: James M. Gomez in Prague

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