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Romania needs investments worth 10 billion euro to replace the old electrical distribution networks, that have their lifespan worn out, on Thursday said Catalin Stancu, the Electrica managing director at the "Energy plugged in" conference organised by Bursa newspaper.
The managing director said that from the assessments of the Federation of Energy Utility Companies Associations (ACUE), investments worth 10 billion euro are needed only in the outdated distribution networks.
"Normally, for objective reasons related to market capacity limitation, the distributors in Romania could achieve 350 - 400 million euro per annum, which would translate into an over 25-year period to recoup the technological gap," the Electrica head stressed.
He added that such investments would have an impact on the tariffs, too and the solution should be to define the vulnerable consumer as soon as possible.
