Enel to inaugurate Dobrogea wind park, invest more in modernizing network

Italian utilities company Enel will inaugurate its first wind parks in Dobrogea, Romania, within a couple of weeks. Enel's wind farm in Dobrogea was estimated to require EUR 350 million in investment. Enel is the second largest energy company which builds a wind farm in Dobrogea, after CEZ at Fantanele and Colgeac. CEZ has already started to produce energy at Fantanele and plans to connect most of the wind turbines to the grid in the near future. Enel is also interested in seeing a revival of privatizations in the energy sector in Romania, according to the company's executive manager Fulvio Conti, who met Romanian president Traian Basescu yesterday (June 8). Conti told Basescu Enel is planning to put EUR 700 million in Enel Romania in the next five years to modernize the electrical network. This year, EUR 210 million will be alloted for such investments. Enel has already started works on modernizing the electrical network, which in some cases is 40 years old. It has signed contracts for revamping the network in Muntenia, Banat and Dobrogea, worth around EUR 100 million. Enel has already invested EUR 328 million on modernizing the energy distribution grid since its market entry in Romania in 2005.