Electrica aims for €1.4 billion investments in power distribution by 2035

Business Forum

1 July, 2025 at 5:00 PM

Electrica's Board of Directors has approved a 10-year Distribution Network Development Plan (2026-2035) for its subsidiary, DEER, with a total budget of RON 6.9 billion (around €1.4 billion).

For the initial period of 2026-2029, the planned investments align with the values approved by energy regulator ANRE. The investment budget comprises RON 727 million (€146.3 million) slated for 2026, followed by RON 747 million (€150.3 million) in 2027, RON 754 million (€151.7 million) in 2028, and RON 768 million (€154.5 million) in 2029.

The subsequent interval, 2030-2035, will see estimated values in accordance with current regulations, subject to annual revisions as the 10-year development plan is updated every two years.

In addition to funding from its own sources and loans, DEER plans to implement projects financed by non-reimbursable financial contributions between 2026 and 2035. For the 2026-2029 period, an estimated RON 1.7 billion (€341.6 million) in investments is secured through signed financing contracts via the Modernization Fund.

Looking ahead to 2030-2035, DEER has projects in preparation that are eligible for future funding axes, with an estimated value of RON 2.1 billion (€430.4 million).

Electrica posts nearly 40% profit decline in 2024

Electrica saw a net profit of RON 376.5 million (€75.5 million) in 2024, down 39.3% compared to 2023, while its operating revenues totaled RON 10.87 billion (€2.1 billion).