OMV Petrom to take part in the development of network of ultra-fast EV recharging points

EnergyBusinessSouth-East European INDUSTRIAL Мarket - issue 3/2023 • 11.09.2023

OMV Petrom to take part in the development of network of ultra-fast EV recharging points

OMV Petrom will contribute to the development of the regional network of ultra-fast recharging for electric cars as part of a project that aims to install more than 400 points along the Trans-European Transport Network (TEN-T). These will be installed in Romania, Slovakia and Hungary until November 2025.

 

The group of companies formed by OMV Petrom Marketing (OPM), OMV Hungaria Asvanyolj/OMV Hungaria (OMV HU) and OMV Slovensko (OMV SK) has received approval for a European funding contract with the European Executive Agency for Climate, Infrastructure and the Environment (CINEA) for the project “Accelerate the Central and East European Ultra-Fast Charging”, with the support of the Ministry of Transport and the Ministry of Investments and European Projects. The financing contract was signed by CINEA and OPM, as coordinator of the application, each of the companies implementing the project in their respective countries.

The total investment in this project is estimated at approximately EUR 40 million, of which, approximately EUR 15 million are provided from European funds, through the Connecting Europe Facility (CEF), almost EUR 5 million of the total amount represent bank credit from the Banca Comerciala Romana, the rest of the financing being provided from own sources.

“Through the 2030 Strategy, we have undertaken to actively contribute to the energy transition, in Romania and in the region. We have started to develop solutions with low emissions and zero carbon, for which we propose to allocate about 35% of the estimated investments until 2030 of about EUR 11 billion. The development of these solutions opens opportunities for economic growth in Romania and in the region, by attracting European funds”, said Christina Verchere, CEO of OMV Petrom.

The project aims to install more than 400 ultra-fast recharging points, each with an installed power of 150 kW, by the end of 2025. Of these, 328 will be installed in 80 locations in Romania, 52 in 11 locations in Slovakia, and 28 points in 7 locations in Hungary. All stations will allow ultra-fast recharging of electric cars, i.e. charging in approximately 10-15 minutes, depending on the capacity of the vehicles, for an operating range of 200 km.

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