The contract was concluded on December 22 and matures at the end of 2024.
”Electrica informs its shareholders and investors about the conclusion/execution, in the period 24 December 2021 – 23 December 2022, of some transactions between Distributie Energie Electrica Romania SA (DEER), Electrica’s subsidiary, and Eximbank, whose cumulated value exceeds the threshold of 5% of Electrica’s net assets, according to Electrica’s individual financial statements at June 30, 2022, respectively exceeds the value of RON199,059,726,” the report reads.
The report also shows that “the loan is granted for a period of 24 months, from the date of signing the Contract. The Bank grants the Borrower a grace period of 6 months, from the date of signing the Contract. During the grace period, the Borrower will not repay credit installments. The loan will be repaid in six equal quarterly instalments.”
Electrica ended he first nine months of 2022 with a consolidated net profit of RON533.7 million, up 640.8% on the year, and revenue of RON7.2 billion, up 44.4% on the year. Including other revenue, Electrica reported an operating income of RON10.2 billion, higher by RON5.06 billion or by 98.1% versus the year-earlier period. Its EBITDA stood at RON1.1 billion in Jan-Sept 2022, higher by RON639 million.