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BUCHAREST - Societatea Energetica Electrica S.A. (BSE:EL, LSE:ELSA) has approved a RON 6.9 billion ($1.7 billion) financial plan for its 10-year Distribution Network Development Plan covering 2026-2035, according to a company statement.
The plan for DEER, Electrica’s distribution subsidiary, was approved by the company’s board of directors during a meeting on Monday. The investment will be funded through a combination of equity and borrowed capital.
The financial commitment is structured with annual allocations ranging from RON 603 million to RON 768 million throughout the decade-long period. For 2026-2029, the values align with those already approved by Romania’s energy regulator ANRE through Order no. 97/2024.
Beyond the core investment plan, DEER intends to implement additional projects financed through non-reimbursable funds. For 2026-2029, the company has secured RON 1.7 billion in projects with financing contracts already signed through the Modernization Fund. DEER is also preparing projects worth an estimated RON 2.1 billion for the 2030-2035 period that may be eligible for future funding.
The development plan will be prepared every two years with the possibility of annual updates, and values for the 2030-2035 interval may be revised annually in accordance with current regulations.
Electrica is listed on both the Bucharest Stock Exchange and London Stock Exchange (LON:LSEG).
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