“Electrica informs investors and shareholders that it has been designated the winner of the public tender procedure organized by Craiova Municipality, having as its object: “Delegation through concession of the thermal and electrical energy production activity, based on cogeneration and/or renewable energy sources in Craiova Municipality,” the report reads.
According to the report, “the concession covers a 12-year contract and targets the construction of a new thermal energy production system for the centralized network (SACET) of the municipality of Craiova, with a solution based on high-efficiency cogeneration and/ or renewable energy sources. The project addresses the city’s thermal energy efficiency as well as the requirements imposed by current European legislation (Directive 2023/1791). The necessary corporate procedures for the implementation of the project will be initiated as soon as possible.”
Electrica is nearly 50%-owned by the Romanian State, through the Ministry of Energy, and has a market capitalization of RON12.85 billion.
Electrica shares have traded 43.64% higher so far in 2026.