Delgaz Grid, a subsidiary of the German energy group E.ON, announced that six commercial banks, as well as the European Bank for Reconstruction and Development (EBRD), participated in the transaction. The EBRD provided the company with a separate loan of 300 million lei (approximately €57 million) as part of the overall financing structure, according to SeeNews.
The syndicated financing replaces the company’s existing credit lines and expands Delgaz Grid’s ability to manage liquidity and implement its long-term investment program.
According to the company, the new financing structure provides for a longer repayment term compared to previous agreements.
Investments will be directed toward the digitization of power grids
A portion of the funds raised will be allocated to Delgaz Grid’s 2026–2030 capital expenditure program. This program calls for the modernization and digitalization of distribution networks, including the deployment of smart meters.
The investments are expected to improve the reliability of energy supply, reduce grid losses, and create additional opportunities for connecting new renewable energy capacity.
Delgaz Grid operates electricity and natural gas distribution networks in northern Romania. The company serves approximately 1.6 million electricity customers and more than 2 million natural gas customers.
Significance of the Deal for the Energy Sector
The publication notes that securing large-scale syndicated financing reflects the growing need among European energy companies for investments to upgrade infrastructure, digitize networks, and adapt to the increasing share of renewable energy sources.
For Romania, modernizing the distribution infrastructure is one of the key steps in preparing the energy system for increased production of “green” energy and enhancing grid resilience.
