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Achieved value of Electrica investments in 2017

29th Jan 2018 11:32

RNS Number : 2084D
Societatea Energetica Electrica SA
29 January 2018
 

Societatea Energetica Electrica S.A.

9, Grigore Alexandrescu str.

010621 District 1, Bucharest, Romania

Phone: 021-208 59 99; Fax: 021-208 59 98

Fiscal Registration Certificate RO 13267221

J40/7425/2000

Share capital: 3.459.399.290 RON

www.electrica.ro

 

To: Romanian Financial Supervisory Authority (ASF)

Bucharest Stock Exchange (BVB)

London Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, the Romanian Capital Market Law no. 297/2004, CNVM Regulation no. 1/2006, and the Bucharest Stock Exchange Code

Report date: 29 January 2018

Company name: Societatea Energetica Electrica S.A.

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no.: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,459,399,290

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)

Significant events to be reported:

 

The achieved value of Electrica Group's investments in 2017

 

The total value achieved for Electrica Group's investments in distribution infrastructure reached a level of RON 727 million in 2017, out of which RON 235 million in SDEE Transilvania Sud, RON 238 million in SDEE Muntenia Nord and RON 254 million in SDEE Transilvania Nord. Compared to 2016, the achieved investments' value increased by 31.4%, from RON 553 million.

 

For 2018, Electrica Group has assumed an investment plan in the distribution infrastructure, worth RON 900 million. The investment structure will mainly focus on financing works for the rehabilitation and upgrade of the distribution networks in order to improve the quality of service (40%), to improve energy efficiency and reduce network losses (40%) and to increase the operational efficiency.

 

 

 

CEO

Dan Catalin STANCU

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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