EIB lends EUR 120 mln to Romania's Electrica Group to upgrade electricity distribution networks
The European Investment Bank formally agreed on a new EUR 120 million (some USD 141.7 million) loan with Distribuție Energie Electrică Romania S.A. (DEER), the electricity distribution subsidiary of the Electrica Group, Romania-Insider reported. T
The first-ever EIB financing for DEER will support reinforcement and modernization of the electricity distribution grid in the country, including upgrading and constructing new power lines, constructing and refurbishing power substations and installing components for network automation across Romania.
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