The loan will finance part of the company's 2026-30 capital expenditure programme in the electricity distribution network, aimed at modernising and digitalising the network in north-eastern Romania, including the rollout of smart meters. The financing forms part of a RON 3 billion (€573 million equivalent) syndicated facility alongside six commercial banks.
The investments are expected to reduce electricity interruptions and network losses, improve reliability and enable the integration of additional renewable energy capacity, supporting Romania's 2030 renewable energy targets.
Delgaz Grid operates electricity and natural gas distribution networks in northern Romania, serving approximately 1.6 million electricity customers and over 2 million natural gas customers. The company is part of the E.ON Group, which serves around 47 million customers.
The EBRD is an institutional investor in Romania, having invested more than €12.5 billion in 594 projects in the country.
