Distribuție Energie Oltenia secures large green financing for investments

Business Forum

27 March, 2025 at 5:27 PM

Distribuție Energie Oltenia (DEO), the electricity distribution company part of Evryo Group, has signed a large scale syndicated loan that refinances existing debt and adds a further RON 1.76 billion (€353 million) to fund additional investments over the next seven years.

The secured funds are expected to support planned investments for the current regulatory period and the region's broader energy transition ambitions.

The financing syndicate includes BCR, Erste Group Bank, BRD Groupe Societe Generale S.A, UniCredit Bank, Banca Transilvania, Alpha Bank, PKO Bank Polski Warsaw Bucharest Branch, and Siemens Financial Services through Siemens Bank.

DEO's key investments will focus on network expansion for better prosumer and renewable energy connectivity, network modernisation and automation to decrease power outages, and digitalising operations for improved electricity distribution and customer experience.

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