The Electrica Group, through the operator Distribuție Energie Electrică Romania (DEER), concluded a loan agreement with the European Bank for Reconstruction and Development (EBRD), the company announced.
“The 180 million RON loan, guaranteed by the parent company, Electrica, will support the financing of the operator’s liquidity needs. DEER will continue the activity of electricity distribution to Romanian consumers without interruptions and, at the same time, it will continue investments in the electricity network to ensure the integration of additional renewable energy production,” the statement reveals.
“Considering the strategy of diversifying sources of financing at the level of the Electrica Group in the context of financing the current activity, the pre-financing of the support scheme, but also the financing of business development opportunities, as well as the investment plans in the distribution network, the continuation the partnership with the EBRD allows us, through this new term loan, to refinance part of the electricity price difference for CPT with a maturity of 5 years, aligned with the recovery of this difference through tariffs as provided by GEO 153/2022. EBRD remains one of the strategic partners of the Electrica Group, being there for us since the listing,” said Alexandru Chiriță, General Director of Electrica.