The shareholders of electricity supplier and distributor Electrica (stock symbol: EL) approved the provision of a guarantee for a term loan of up to EUR200 million that Electrica's subsidiary, Distributie Energie Electrica Romania S.A. (DEER), plans to contract from the European Investment Bank (EIB), the company has announced in a press statement.
Distributie Energie Electrica Romania (DEER) has announced a project to implement a consolidated IT system and the planned upgrade works for SAP (Systems Applications and Products) systems.
Distributie Energie Electrica Romania, the electricity distribution subsidiary of Electrica Group, has an investment plan of RON689 million for 2022, for the modernization and development of the electricity distribution system.