The Romanian Ministry of Energy has allocated over €442 million in non-refundable financing from the Modernization Fund to five electricity distributors for the expansion and modernization of the country’s electricity distribution network.
Minister Sebastian Burduja signed 25 financing contracts with Delgaz Grid, Distributie Energie Electrica Romania (DEER), Distributie Energie Oltenia, Retele Electrice Muntenia, and Retele Electrice Banat. The funded projects have a total value exceeding €700 million and are aimed at modernizing electricity distribution networks, replacing overhead lines with underground cables, increasing transmission capacity, and improving energy efficiency across 33 counties.
Delgaz Grid, a subsidiary of German company E.ON, received €134 million for four projects totaling €220 million. DEER, part of Electrica, was granted approximately €150 million for five projects with a combined value of €246 million. Distributie Energie Oltenia, a subsidiary of Evryo Group (formerly CEZ Romania), secured €121.5 million for 13 projects worth €186 million. Retele Electrice Muntenia and Retele Electrice Banat, both owned by Greek PPC, received over €38 million for three projects totaling €63 million.
These investments are set to significantly enhance Romania’s electricity distribution infrastructure and contribute to greater energy efficiency across the region.
