State-controlled electricity holding Electrica invested RON 727 million (EUR 159 million) in its electricity distribution infrastructure in 2017, up by almost a third (31.4%) compared to 2016.

The investments were rather equally split among Electrica’s three distribution subsidiaries, which cover the Southern and Northern Transylvania and Northern Muntenia regions.

“For 2018, Electrica Group has assumed an investment plan in the distribution infrastructure, worth RON 900 million (some EUR 193 million – e.n.),” reads an announcement of the company.

“Our target is to increase the operational efficiency and the quality of services provided, so that the average unplanned interruption time per user - SAIDI – will reach the level of the Central European countries,” stated Cătălin Stancu, General Manager of Electrica.

In the four years since its listing on the Bucharest and London exchanges, Electrica has invested RON 2.1 billion (some EUR 470 million) in the distribution infrastructure. The group’s distribution subsidiaries cover over 40% of Romania’s territory and serve over 3.6 million consumers.

Electrica is one of the most valuable companies on the Bucharest Stock Exchange, with a market capitalization of over EUR 900 million.

editor@romania-insider.com