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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.