Romania's Electrica receives EUR 200M from Modernisation Fund for electricity network projects.

Romania's state-owned utility company Electrica, with the Romanian state as the largest shareholder, receives EUR 200 million from the Modernisation Fund for five new investment projects in the electricity distribution network, covering 80% of eligible expenses. Electrica's subsidiary, DEER, has already received EUR 250 million for 13 other projects. The funding from the Modernisation Fund accounts for approximately 38% of total financing disbursed in Romania, with DEER having 12 more submitted projects.

August 05, 2024
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