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), with another large share of the financing being provided from own sources.

Christina Verchere, CEO of OMV Petrom, said that "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."

Radu Căprău, member of the OMV Petrom Executive Board, responsible for the Refining and Marketing activity, added that "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.”

"This project will further support the transition towards a decarbonized mobility across Europe. It will benefit citizens and economic operators providing for a seamless and interconnected network for electric vehicles. In doing so, it will contribute to achieving European Green Deal objectives", said Richard Ferrer, Head of Alternative Fuels at the at the European Climate, Infrastructure and Environment Executive Agency (CINEA).

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 of recharging points will be installed in 11 locations in Slovakia, and 28 points will be installed 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.

At the end of 2022, OMV Petrom announced that it wants to become the first energy company in the region with a network of power stations in four countries in South-East Europe, developed together with partners in the electric mobility sector. At the end of June, OMV Petrom had 150 recharging points in Petrom and OMV branded filling stations in Romania and in the region.