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Romania: DEER launches €19.5 million project to upgrade electricity distribution in Maramures County

Distributie Energie Electrica Romania (DEER) is spearheading a major investment initiative to modernize and expand the electricity distribution infrastructure in Maramures County, located in...

Romania: Electricity distributor DEER to invest €100 million annually in network modernization

Mihaela Sucia, CEO of Distributie Energie Electrica Romania (DEER), announced that the company will invest approximately 100 million euros each year to modernize its...

Distributie Energie Electrica Romania (DEER) issues tender for 1.1 million smart meters

Distributie Energie Electrica Romania (DEER) has launched a public tender for the procurement of 1.1 million smart meters, with a maximum value of €74.3...

Romania: Electrica approved an investment budget of 177 million euros for DEER in 2024

The Board of Directors of the Electrica Group approved the consolidated value of the investment plan (CAPEX) for the year 2024, in the total...

Romania: Electrica reached 21 million euros profit in H1  

Romanian company Electrica reached a net profit of 21.4 million euros in the first half of 2023, compared to a loss of 35.5 million...

Romania: Distributie Energie Electrica Romania received 57 million euros from Modernization fond

  Electricity distribution network operator Distributie Energie Electrica Romania (DEER) received 57 million euros of non-refundable European financing through the Modernization Fund.  The amount represents...

Latest news

Hungarian power prices surge as weak wind drives Southeast Europe higher

Hungarian electricity prices jumped nearly 12% for Tuesday delivery, driving a broader increase across Southeast Europe as a sharp decline in forecast wind generation...

TDI financing for 58 MW Iratoșu solar plant in western Romania

TDI Renewables has secured €25.5 million in financing from Raiffeisen Bank International for its 58 MW Iratoșu solar power plant in western Romania. The...

Nuclearelectrica revises 2026 outlook as Cernavoda outages drive replacement power costs

Romanian nuclear producer Nuclearelectrica has reduced its forecast for 2026 net profit by 42.9% to €221 million. The company attributed the change to prolonged...

MMK Vilusi requests environmental screening for 35 MW solar plant in Nikšić

MMK Vilusi has applied for environmental screening for a 35 MW solar power project in western Montenegro, with the development planned for the Nikšić...

North Macedonia extends oil-supply emergency framework to April 2027

North Macedonia has prolonged its oil-supply emergency framework, with the country’s parliament extending the measure until April 20, 2027. The extension keeps government powers...