EBRD lends RON 400 million to Romanian electricity and gas distribution company Delgaz Grid SA Loan to finance improvements in the electricity distribution network in north-eastern Romania Investment is part of a syndicated facility of RON 3 billion with seven commercial banks The European Bank for Reconstruction and Development (EBRD) is supporting energy security in Romania by lending RON 400 million (€80 million equivalent) to Delgaz Grid SA, an electricity and gas distribution company in the country. The EBRD’s investment is part of a wider syndicated facility of RON 3 billion (€600 million equivalent) with seven commercial banks, and will finance the modernisation and expansion of Delgaz Grid’s electricity distribution network in north-eastern Romania. The loan will enable Delgaz Grid to enhance its network with key solutions, such as new underground and overground cabling, new substations that use digitalised approaches and that integrate the latest supervisory control and data acquisition (SCADA) systems, as well as 272,000 smart meters for its customers. Improvements to the network will further reduce electricity interruptions and losses, improving the reliability of the electricity distribution network in the region. The enhancements will also enable more intermittent renewable energy to be connected to the grid, supporting Romania’s 2030 renewable energy target. As a result of the distribution network’s greater energy efficiency, approximately 13,000 tonnes of CO2 emissions are expected to be avoided annually. The EBRD’s investment will be used solely for the purposes of expansion and modernisation of Delgaz’s electricity distribution network. Delgaz Grid SA operates electricity and natural gas distribution networks in the north of Romania, serving more than 3 million households. The company is part of the E.ON Group, one of Europe's largest energy network and infrastructure operators and a provider of innovative solutions to 50 million customers. The EBRD is a leading institutional investor in Romania. To date, the Bank has invested more than €10.8 billion in 523 projects in the country, focusing on financing infrastructure, boosting private sector productivity and further developing the financial sector and capital markets.
In the context in which agri-food systems are responsible for almost one third of global greenhouse gas emissions, Auchan Romania assumes an active role in the transition of its supply chain toward a more sustainable model. At the second edition of the Climate Supplier Event, organized under the aegis of the Climate Change Summit, the […]
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026. Magness is one of the most valuable and influential […]
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy. The engraving entitled “The Engagement – Capricho […]
Authorities managing Romania's Bicaz Gorges–Hășmaș National Park has built a fish ladder system on the Bicaz River, which will allow protected species to migrate and reproduce. There are several bridges and small bridge structures in the Bicaz River that have a “bottom sill,” meaning small waterfalls. Fish that do not jump like the trout cannot […]
The far-right opposition parties in the Romanian Parliament are set to file a motion of no confidence against the government headed by prime minister Ilie Bolojan. The motion, authored by senator Ninel Peia of the Peace – Romania First group, is specifically aimed at the reformist party Save Romania Union (USR), and is entitled “Romania […]
Romania's iconic rock singer Adrian Pleșca, known as “Artan,” died on Tuesday, December 2, after a fatal stroke, at the age of 64. The artist founded the well-known band “Timpuri Noi” in 1982 and “Partizan” in 2001, and was popular on the Romanian rock scene. Over the years, he left and returned to the two bands. Several […]
