Electrica’s shareholders, namely, the Romanian State with 49.8%, pension funds with roughly 22% and other investors, approved a geen bond issue with a ceiling value of up to RON500 million, and a syndicated loan facility of RON3.1 billion that will be used to refund exising debts and support the company’s investment plans.
Other items on the agenda that were approved by shareholders targeted investments in renewable energy production and energy storage, as follows: the Satu Mare 3 photovoltaic park project has an estimated investment value of EUR36.15 million and an installed capacity of 62.5 MWp, and it is located near Doba commune, Satu Mare county. The Bihor 1 photovoltaic park project has an estimated investment value of EUR 46.89 million and a projected installed capacity of 77.4 MW, and it is located in Bihor County, in the area of Inand, Cefa and Mădăras. The project also provides for the option of installing a storage capacity, according to the company.
Electrica has a market value of RON4.5 billion and its shares have traded up 17% so far in 2024, amid deals worth RON472 million.