Compared with 2014, the year in which Electrica was listed on the Bucharest and London Stock Exchanges, the investment program of distribution operators within Electrica Group (SDEE Muntenia Nord, SDEE Transilvania Nord and SDEE Transilvania Sud) was 2.5-higher in 2017, the company said in a statement.
Electrica Group has invested RON2.1 billion in distribution infrastructure over the past four years.
Of the overall amount invested in 2017, RON235 million went into projects of SDEE Transilvania Sud, RON238 million into projects of SDEE Muntenia Nord and RON254 million into projects of SDEE Transilvania Nord. The cumulated value of investments carried out in 2017 by Electrica Group is over 30% higher than in 2016 and more than double compared with 2014.
According to Electrica, investments in distribution networks significantly improved the operational efficiency and the quality of distribution services, by significantly reducing the average period of unplanned interruptions at consumers (unplanned SAIDI), in 2016 compared with 2014, by 10% at SDEE Muntenia Nord, by 30% at SDEE Transilvania Sud and by 19% at SDEE Transilvania Nord.
In 2016, the last year for which official statistics on performance indicators are available, SDEE Muntenia Nord reported the best result (240 minutes/year), which is 17% below the average registered countrywide (290 minutes/year).
The structure of the investment plan will also target in 2018 mostly rehabilitation and modernization works on distribution networks in order to improve service quality (40%), improve energy efficiency and reduce loss (40%), as well as to boost operational efficiency.