Distributie Energie Electrica Romania to receive EUR 40mln loan from EBRD

Distributie Energie Electrica Romania (DEER) will receive a loan worth RON equivalent of up to EUR 40 million from European Bank for Reconstruction and Development (EBRD). The loan will finance part of the company’s capital expenditures programme for 2021-2023, according to EnergyIndustryReview.com.

Starting with January 1st, 2021, the three electricity distribution companies within the Electrica Group merged to become Distributie Energie Electrica Romania SA (DEER). DEER operates 198,988 km of power lines in 18 counties in three geographical areas of the country, representing 40.7% of Romania and serves over 3.8 million users.

DEER is responsible for the distribution of electricity in the following counties: Cluj, Maramures, Satu Mare, Salaj, Bihor, Bistrita-Nasaud, Brasov, Alba, Sibiu, Mures, Harghita, Covasna, Prahova, Buzau, Dambovita, Braila, Galati and Vrancea.

At regional level, there are eighteen branches, with headquarters in: Cluj-Napoca, Oradea, Baia Mare, Satu Mare, Bistrița, Zalău, Brașov, Sibiu, Alba Iulia, Târgu Mureș, Miercurea Ciuc, Sfântu Gheorghe, Ploiești, Brăila, Galați, Buzau, Targoviste and Focșani.

Read more HERE

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