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Romania’s grid operator ready to join project company for power cable under Black Sea

August 13, 2024

The shareholders of Romania’s power grid operator Transelectrica (BVB: TEL), controlled (58%) by the Government, endorsed the company’s participation in the project aimed at bringing “green and affordable” electricity from the Caspian Sea region through a 1,200-km long submarine cable that would cross the Black Sea to reach Hungary at the other end.

“For Romania, a new interconnection will mean access to a new market, strengthening the security of the national energy system and,...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/transelectrica-ready-underwater-cable-black-sea-aug-2024
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