about us | newsletter | contact | archive | members area
Bogdan Nitulescu, Tremend
Cryptocurrencies volatility is a big problem»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Electrica invested a record of 727 million RON in the distribution networks in 2017

Electrica Group's investments in the distribution networks reached a record of 727 million RON in 2017. At the same time, the Distribution Operators of the Electrica Group have assumed for 2018 a record investment plan worth 900 million RON.

2018-01-31 12:02:25

Compared to 2014, the year of the listing of Electrica on the Bucharest and London stock exchanges, the investment program of the distribution operators within the Group (SDEE Muntenia Nord, SDEE Transilvania Nord and SDEE Transilvania Sud) is 2.5 times higher in 2017.

In the four years since the listing, Electrica invested 2.1 billion RON in the distribution infrastructure to significantly improve the quality of services at the level of the entire community.

"The modernization of the distribution networks continues to be the priority of the Electrica Group, so for this year, we have proposed a record investment worth 900 million RON, probably the most ambitious plan in the energy sector," said Catalin Stancu, general manager of Electrica. "Our goal is to increase the operational efficiency and the quality of the services offered, so that the average unplanned interruption time per user - SAIDI - will reach the level in the Central European countries."




COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  2449 Views
Daily Info
Building for the future, now

The decision to buy a house is one we probably make once or twice in our lifetime. Therefor we want this decision to be the right one. A house should last the passing of time,...

certSIGN leases 2,300 sqm in AFI Tech Park 1 office building

The Romanian IT company certSIGN has leased 2,300 sqm in AFI Tech Park 1 office building, which now reached a 60 per cent occupancy rate.

Tinmar Energy to reach 80 million RON profit in 2019, invest in household business

Tinmar Energy estimates a profit of 80 million RON for 2019, after a 73 million RON result for this year, according to Augustin Oancea, CEO of the company. He claims the turno...

Colt Technology Services to expand IQ network in Central and Eastern Europe

Colt Technology Services has today announced the expansion of its IQ Network in Central and Eastern Europe. Colt is investing in the region as a response to its rapid economic...

FAN Courier consolidates its leading position on the Romanian courier market, accelerates investment

FAN Courier is consolidating its leadership position on the local courier market for the 12th consecutive year, amid doubling of investments and market growth.

 
 
   
advertising

advertising

advertising

advertising

More on News
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...

OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg

OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP B...

Fondul Proprietatea expresses disappointment over Engie listing rejection

Fondul Proprietatea is disappointed with the decision taken by the majority shareholder of Engie SA, Romania Gas Holding B.V., to oppose the listing of the company, accordi...

Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte

Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace a...

ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...