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.
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