EBRD provides RON 300 million financing to Delgaz Grid in Romania

• EBRD provides RON 300 million financing to Romanian electricity and gas distribution company Delgaz Grid SA
• Loan will finance the modernisation of the electricity distribution network in north-eastern Romania
• Investment is part of a syndicated facility of RON 3 billion with six commercial banks

The European Bank for Reconstruction and Development (EBRD) is supporting energy security in Romania by providing a loan of RON 300 million (€57 million equivalent) to Delgaz Grid SA, an electricity and gas distribution company operating in the country.

The EBRD’s loan will finance part of the company’s 2026-30 capital expenditure programme in the electricity distribution network, aimed at modernising and digitalising the network, including the rollout of smart meters.

The financing forms part of a broader RON 3 billion (€573 million equivalent) syndicated facility alongside six commercial banks.

Delgaz Grid is a longstanding private-sector client of the EBRD and part of the E.ON Group. The Bank’s participation reinforces its partnership with one of Romania’s key distribution system operators and supports the continued upgrade of energy infrastructure.

These investments are expected to reduce electricity interruptions and network losses, improve reliability and enable the integration of additional renewable energy capacity, supporting Romania’s 2030 renewable energy targets.

Delgaz Grid SA operates electricity and natural gas distribution networks in northern Romania, serving approximately 1.6 million electricity customers and over 2 million natural gas customers. The company is part of the E.ON Group, one of Europe’s largest energy network operators, serving around 47 million customers.

The EBRD is a leading institutional investor in Romania.

Overall, the EBRD has invested a total of more than €12.5 billion in 594 projects in Romania.