LONDON, UK: OMV Petrom, the largest integrated energy company in South-East Europe, has announced a project that will connect the region with a network of ultra-fast charging stations for electric cars along the Trans-European Transport Network (TEN-T).

The project, which has received approval for a European funding contract with the European Executive Agency for Climate, Infrastructure and the Environment (CINEA), will install more than 400 recharging points in Romania, Slovakia and Hungary by November 2025.

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 Romanian Commercial Bank, the rest of the financing being provided from own sources.

OMV Petrom said that the project is part of its 2030 Strategy, which aims to actively contribute to the energy transition in Romania and in the region by developing low-emission and zero-carbon solutions.

“We are supporting our customers in the process of decarbonizing the transportation and we want to offer them as many mobility options as possible, including by developing the necessary infrastructure for alternative mobility. In the last three years we have installed recharging points largely through partnerships. Today, we have taken an important step in the development of our own network of electric recharging stations thus contributing to connect the Eastern Europe through the TEN-T corridor,” said Radu Căprău, member of the OMV Petrom Executive Board, responsible for the Refining and Marketing activity.

The ultra-fast charging stations will have an installed power of 150 kW each and will allow charging electric cars in approximately 10-15 minutes, depending on the capacity of the vehicles, for an operating range of 200 km.

The project will benefit citizens and economic operators by providing a seamless and interconnected network for electric vehicles and will contribute to achieving European Green Deal objectives, according to Richard Ferrer, Head of Alternative Fuels at CINEA.