2024-02-15 00:48:48
The project will be implemented for 7 years. It will allow the connection of a new 4.5 gigawatts of RES
The cabinet approved today an investment with priority – GREENABLER project with beneficiary ESO EAD, for financing with funds from the Modernization Fund.
The ESO project for the expansion of the electricity transmission network is divided into two main groups of activities. The first is the transformation of 720 km of existing power lines from a voltage level of 220 kilovolts to 400 and synchronized reconstruction of the adjacent substations.
The second group is for the reconstruction of the “Hemus – Stara planina” power line and its transformation from a voltage level of 220 to 400 kilovolts, reconstruction of 888 km of 110 kilovolt power lines and doubling of 92 km of 110 kilovolt power lines in order to increase the transmission capacity of the network. The project has a total value of 857 million euros.
The funds from the Modernization Fund for the activities of the first group amount to EUR 568 million. The investments are proposed for phased financing over the next 7 years.
In 2024, only the first stage, which has a budget of 65 million euros, will be financed.
Investments in the second group of activities amount to 203 million euros and are proposed for financing under the RePowerEU chapter of the National Plan for Recovery and Sustainability. The rest of the funds necessary for the implementation of the project will be provided by the Electricity System Operator.
The implementation of the GREENABLER project aims to reconstruct the electricity transmission network and increase its transmission capacity, in order to ensure the necessary technical capabilities for the integration of the new RES projects of a total of 4.5 gigawatts, set out in the National Plan for Recovery and Sustainability.