Romania’s utility Electrica seeks EUR 355 mln in EIB financing

Romania Insider · 20.10.2026, 06:43:00

The company is considering one or more secured or unsecured loans, totalling up to EUR 355 million, under one or more credit agreements with the EIB, Economedia.ro reported. The funds will be used to finance and partially refinance the 2027–2030 investment plan of Electrica’s subsidiary Distribuție Energie Electrică România SA (DEER), which aims to modernise and digitise electricity distribution networks. Another objective is to develop a portfolio of battery storage installations at distributed locations. The project will have a total storage capacity of up to 800 MWh, with the investment estimated at a maximum of EUR 185 million, excluding VAT. Societatea Energetică Electrica SA (ELSA) has convened an Extraordinary General Meeting of Shareholders (EGMS) for December 10, 2026.