DEER is expected to carry out investments of RON706 million in 2025, of RON727 million in 2026, of RON747 million in 2027, of RON754 million in 2028 and of RON768 million in 2029, amounting to a total RON3.7 billion over a five-year period, the report reads.
“We mention that the approval of the investment plan by ELSA’s BoD resulted from the obligation of distribution operators to submit to ANRE the forecasted investment program for RP5 within 30 calendar days from the date of entry into force of ANRE order no. 67/2024 approving the Methodology for establishing tariffs for the electricity distribution service.
If ANRE considers that the forecasted investment program related to the entire regulatory period (RP5) complies with the provisions of the regulations in force, will approve the investment program, and its approved value will be included in the Regulated Asset Base (BAR) forecast for RP5″, as per the report.
Electrica Group provides services to about 3.9 million users and has national coverage – with a coverage of 18 counties from three geographical areas for the distribution of electricity: Northern Transylvania, Southern Transylvania, Northern Muntenia, and across the country for the supply of electricity and for energy maintenance and services.
The company is valued by investors at RON4.5 billion and is 49.8%-owmed by the Romanian State. EL shares have traded up 16% so far in 2024 and 41% in the last 12 months, as per stock market data.