EBRD Provides €57 Million Loan To Delgaz Grid To Modernise Romania’s Electricity Distribution Network

The European Bank for Reconstruction and Development (EBRD) is supporting the modernization of Romania’s energy infrastructure through a loan of RON 300 million (approximately €57 million) to Delgaz Grid SA, one of the country’s major electricity and natural gas distribution companies. The financing is intended to strengthen energy security and improve the reliability of Romania’s electricity network as demand for cleaner and more efficient energy systems continues to grow.

The loan will help fund a portion of Delgaz Grid’s capital investment programme for the period 2026–2030. The programme focuses on upgrading and digitalizing the company’s electricity distribution network, including the large-scale deployment of smart meters and other advanced technologies designed to improve network performance and operational efficiency.

The EBRD’s financing is part of a larger syndicated funding package worth RON 3 billion (around €573 million), which has been arranged alongside six commercial banks. The combined financing will support significant investments in the country’s energy distribution infrastructure over the coming years.

Delgaz Grid has been a long-standing private-sector client of the EBRD and is a member of the E.ON Group, one of Europe’s largest energy companies. Through this latest investment, the EBRD is reinforcing its partnership with a key Romanian distribution system operator while supporting the continued modernization of critical energy infrastructure.The planned upgrades are expected to deliver several long-term benefits for Romania’s energy sector.

Modernized and digitalized networks can help reduce electricity outages, lower technical losses during power transmission and distribution, and improve overall system reliability. The improvements will also make it easier to integrate additional renewable energy capacity into the grid, supporting Romania’s efforts to increase the share of clean energy and meet its renewable energy targets for 2030.Delgaz Grid operates extensive electricity and natural gas distribution networks across northern Romania.

The company serves approximately 1.6 million electricity customers and more than 2 million natural gas customers, making it one of the country’s most important energy distribution providers. As part of the E.ON Group, Delgaz Grid benefits from the expertise and resources of a company that serves around 47 million customers across Europe and manages large-scale energy networks in multiple markets.

The investment reflects the growing importance of modern energy distribution systems in supporting the transition to cleaner energy sources. As renewable energy generation continues to expand, distribution networks must become more flexible, efficient, and digitally connected to handle changing patterns of electricity production and consumption.

Romania remains an important market for the EBRD, which is one of the country’s leading institutional investors. Since beginning operations in Romania, the Bank has invested more than €12.5 billion across 594 projects, supporting economic development, infrastructure modernization, energy transition initiatives, and private-sector growth throughout the country.