PRESS RELEASE 21.03.2023

Electrica announces the conclusion of a loan agreement worth 180 million RON with the European Bank for Reconstruction and Development

Electrica Group, through the operator Distributie Energie Electrica Romania (DEER), concluded a loan agreement with the European Bank for Reconstruction and Development (EBRD).

The 180 million RON loan, guaranteed by the parent company, Electrica, will support the financing of the operator's liquidity needs. DEER will continue its electricity distribution activity to Romanian consumers without interruptions and will also continue investments in the electricity network to ensure the integration of additional renewable energy production.

Statement of Alexandru Chiriță, CEO Electrica: "Given the strategy of diversifying the financing sources at the level of Electrica Group in the context of financing its current activity, pre-financing of the support scheme, but also the financing of the opportunities for business development and of the plans for further investment in the distribution network, the continuation of the partnership with EBRD allows us, through this new term loan with a maturity of 5 years, to refinance a part of the price difference of electricity for covering network losses, aligned with the recovery of this difference through tariffs as provided by GEO 153/2022. EBRD remains one of the strategic partners of Electrica Group, being with us since the listing".

Electrica Group is a key player on the electricity distribution and supply market in Romania, as well as one of the most important players in the energy services sector.

The Electrica Group offers services to approximately 3.9 million users and has a national coverage area

  • with a coverage of 18 counties in three geographical areas for the distribution of electricity: North Transylvania, South Transylvania, North Muntenia and throughout the country for supply of electricity and for energy maintenance and services.

Since July 2014, Electrica is a company with majority private capital, listed on the stock exchanges of Bucharest and London. Electrica is the only listed Romanian company in the field of electricity distribution and supply in Romania.

More information about the Electrica Group can be found on the company's website: www.electrica.ro.

9, Grigore Alexandrescu Street, District 1, Bucharest, 010621

Email: comunicare@electrica.ro

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Societatea Energetică Electrica SA published this content on 23 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2023 12:01:10 UTC.