German utility E.ON to invest over 127 mln lei (26 mln euro) in smart meters in Romania

07/12/2020 09:04 Electricity Market

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German utility group E.ON said on Friday it plans to install 397,000 smart meters in Romania by 2028, investing 127 million lei ($32 million/26 million euro) in the project.

So far, some 320,000 smart meters have been installed in Romania, E.ON said in a press release.

 

By 2028, the company aims to have installed over 700,000 smart meters in Romania, covering 45% of its clients.

 

In June, E.ON said that it plans to invest about 375 million euro ($422.5 million) in Romania during the 2020-2023 period through its two local subsidiaries Delgaz Grid and E.ON Energie Romania.

 

Delgaz Grid and E.ON Energie Romania employ 6,400 people and serve about 3.2 million customers.

 

source:seenews.com

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