The company said in a statement its local units invested around RON438 million in the country last year, mainly in upgrades to the natural gas and electricity distribution network.
E.ON will invest around RON188 million this year, similar to last year, in modernizing 480 kilometers of natural gas pipelines and the expansion of its pipeline infrastructure by 60 kilometers.
In the electricity sector, E.ON invested RON234 million in 2016 and plans to invest a similar amount this year to modernize and automate its electricity network. The company said it has installed around 243,000 smart meters, of which 66,000 in 2016. It plans to install 20,000 more this year and 350,000 in the period 2018-2020.
“Since entering the Romanian market, E.ON invested RON5.6 billion and paid RON8.3 billion in taxes,” the company said.
E.ON’s turnover in Romania exceeded RON5 billion last year and expects slight growth in 2017.