DEER completed investments of 70.3 million RON in the first quarter of 2024

At the end of the first quarter of 2024, Distribuție Energie Electrică Romania – DEER, a member company of the Electrica Group, made and commissioned investments worth 70.3 million RON.

Alexandru Chiriță, Electrica CEO: “Investments continue to be a priority at the level of the entire Group, with a strong focus on the distribution area, reflected by the 7.7% increase in the value of completed works. These investments are essential both for the modernization and development of the infrastructure we manage and for ensuring high-quality services for our customers, as well as for supporting the transition to increasingly sustainable energy sources”.

Mihaela Suciu, DEER General Manager: “Increasing security and accelerating the digitalization process of distribution networks is one of the main pillars of the Electrica group’s strategy, a priority for DEER. We are focused on investments; we have accelerated the pace of their realization in order to meet and even exceed the assumed plan. We are working to develop smart grids and increase their flexibility to meet the needs of prosumers and integrate electric vehicles.

At the same time, we are concerned with optimizing investment financing mechanisms, by using both our own sources and European funds. We have undertaken and continue to make investments for the 18 counties we serve, of 100 million euros annually. To date, we have accessed funds for investments of 333 million euros, of which non-reimbursable funds of 280 million euros.”