According to the 2015-2035 draft strategy that has just been unveiled, Romania would have to invest about €100bn in its energy sector by 2035. The south-eastern European country calls for investments in gas pipelines, electricity lines, energy interconnections and energy production, to improve its self-sufficiency rate (78%, one of the highest rates in Europe). Romania is a net electricity exporter but will need to invest in new power capacities, as nearly 55% of its generation fleet is more than 30-year old and will have to be progressively replaced. The draft energy strategy aims to invest about €6.5bn to add two nuclear power units (720 MW each) at Cernavoda and €1bn in the 1,000 MW Tarnita Lapustesti hydropower plant. Romania also aims at expanding retrofitting coal-fired power plants, power and gas interconnections, boosting gas domestic production with new offshore Black Sea fields and developing smart grid and metering infrastructures. Policy proposals following the draft presentation are expected in 2015.
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