WORLD BANK – ROMANIA
June 1st, 2003
BY KEITH NUTHALLTHE WORLD Bank is lending Romania a Euro 74.3 million package to help it develop a fully-functioning wholesale electricity market and boost the reliability of its transmission systems. Concerned that a lack of reliability of power supplies could hinder economic growth, especially in the capital Bucharest and in Transylvania, the bank wants to "attract and sustain private sector participation in the power sector." The money will help Transelectrica, Romania's national power grid company, rehabilitate its Fundeni and Iernut grid substations, ...
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