Energy Efficiency

Enel to invest EUR 200 million in digitalisation in Romania

Photo: Enel

Published

November 24, 2016

Country

Comments

0

Share

Published:

November 24, 2016

Country:

Comments:

0

Share

Italian energy company Enel announced plans to invest EUR 200 million in network and equipment digitalisation in Romania, for the 2017-2019 period, according to the newly unveiled business strategy.

As a part of a wide corporate changes, Enel Group announced it will invest as much as EUR 4.7 billion in digitalisation of its asset base, operations and processes, and to enhance connectivity, across its operations in 30 countries around the world. The group promised to enhance customer operations, citing 60 million of its end-users as Enel’s most important asset.

“In today’s update to the strategy, we are adding digitisation and customer focus as levers to drive further value creation across our strategic pillars,” said Francesco Starace, Enel Group chief executive officer.

The Romanian branch of the company produces over 500 megawatt (MW) of electricity in the country annually. Enel intends to implement smart meters for some 1.3 million electric power consumers in Romania by 2019. So far, Enel has installed 140,000 smart meters in the regions of Banat, Dobrogea and Muntenia Sud (including capital Bucharest), following its plans announced earlier this year.

“The investment will help us reach higher efficiency, and keep the pace with technology. We will use the latest technology,” added Francesco Starace.

Enel has been operating in the Romanian market since 2005, and is currently serving a total of 2.8 million consumers, covering roughly a third of the distribution market.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Wind turbines on the sea.

Ørsted issues blue bonds, vows to recycle solar panels, wind turbines

09 June 2023 - Danish renewable energy giant Ørsted said it would invest EUR 64 billion to achieve 50 GW in installed capacity by 2030

Romania financial support nuclear power projects Cernavoda 3 4

Romania pledges financial support for nuclear power projects Cernavodă 3, 4

09 June 2023 - The Romanian Government is backing state-owned Nuclearelectrica in the project for units 3 and 4 in the Cernavodă nuclear power plant

EU modernization fund Bulgaria Croatia Romania

EU pays out EUR 1.4 billion to Bulgaria, Croatia, Romania for green transition

09 June 2023 - The European Union's Modernization Fund has paid out EUR 2.4 billion for the seven member states, which is the joint largest disbursement

Lorkowski Carbon pricing condition electricity sector avoid EU carbon border tax

Lorkowski: Carbon pricing is condition for electricity sector to avoid EU’s carbon border tax

09 June 2023 - Market coupling and emissions trading systems are the prerequisites for an exemption from CBAM for electricity