The European Bank for Reconstruction and Development (EBRD) is facilitating Romania's energy security by providing a loan of RON 400 million (equivalent to €80 million) to Delgaz Grid SA. Delgaz Grid is an established provider of electricity and gas distribution in Romania.

This funding from the EBRD is a segment of a larger syndicated loan totaling RON 3 billion (around €600 million equivalent), collaborated with seven other commercial banks. The purpose of this financing is to support the modernization and enlargement of Delgaz Grid’s electricity distribution network, particularly in the northeastern region of Romania.

Delgaz Grid will utilize the loan to improve its network infrastructure. This includes installing new underground and overhead cables, establishing advanced digital substations, integrating cutting-edge supervisory control and data acquisition (SCADA) systems, and deploying 272,000 smart meters to its consumers.

These network upgrades are expected to minimize electricity disruptions and losses, thereby enhancing the dependability of the electricity distribution network in the area. Additionally, these improvements will facilitate the integration of more renewable energy sources into the grid, aiding Romania in meeting its 2030 renewable energy goals. The enhanced energy efficiency of the distribution network is projected to reduce around 13,000 tonnes of CO2 emissions annually.

The allocated EBRD funds will be exclusively used for the expansion and modernization of Delgaz’s electricity distribution infrastructure.

Delgaz Grid SA, a part of the E.ON Group—one of Europe's leading energy network operators and innovators—manages electricity and natural gas distribution networks in Northern Romania, serving over 3 million households.

As a prominent institutional investor in Romania, the EBRD has committed more than €10.8 billion across 523 projects in the country. The Bank's investments are primarily directed towards infrastructure development, enhancing private sector productivity, and advancing the financial sector and capital markets.