Romania's Electrica subsidiary EFSA expands in Hungary
Romanian power supplier and distributor Electrica Group said that its supply subsidiary Electrica Furnizare S.A. (EFSA) was granted an electricity trading license by the Hungarian energy regulator, reported news portal SeeNews.
The license will allow EFSA to trade electricity on the wholesale market in Hungary, including the derivatives market, Electrica said in a statement.
The European Investment Bank (EIB) said last month that it provided a EUR 90 million (USD 101.6 million) long-term loan to Distribuie Energie Electrica Romania (DEER), a subsidiary of Electrica Group, to upgrade electricity distribution networks, deploy smart meters and accelerate renewable energy connection.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.