ELECTRICAL, one of the largest electricity suppliers in Romania at the moment, announces a very important measure taken by its shareholders, who gave the green light to all the proposals presented during the Extraordinary General Meeting of Shareholders (AGEA), a significant step in strengthening the company's commitment to sustainable development, energy transition and financial growth.
ELECTRICAL says that during this meeting, essential measures were approved that will support Electrica's strategy to become a leader in the green energy sector and to contribute to environmental protection, reducing emissions and improving energy security in Romania.
ELECTRICA reports that among the adopted decisions is the issuance of green bonds with a ceiling of up to EUR 500 million. These funds are intended to finance green energy projects and the company's sustainable initiatives, having a positive impact not only on Electrica's activity, but also on the environment.
ELECTRICA confirmed that green bonds represent an important financial instrument for the company, allowing it to expand its portfolio of renewable projects and align with the global goals of transition to a low-carbon economy.
ELECTRICA Announces LAST MINUTE Measures Decided by the Company's Management for Romanian Customers
ELECTRICA shareholders approved a credit facility worth 3,1 billion lei, intended for the refinancing of existing debts and the financing of strategic investments, essential for the development of the company. With this measure, Electrica strengthens its financial position and prepares its infrastructure for a period of growth and innovation in the coming years, having at its disposal the necessary resources to expand in directions of strategic importance.
Another essential aspect of the meeting was the approval of investments in two renewable energy projects, namely the photovoltaic parks Satu Mare 3, with a capacity of 62,5 MWp, and Bihor 1, with a capacity of 77,4 MW. The project in Bihor is innovative, being equipped with energy storage options, a technology that contributes to increasing the efficiency in the use of energy produced from renewable sources and to energy security.
Alexandru Chirita, CEO of Electrica, stated that "these decisions reflect the shareholders' trust in the company's strategic direction and our commitment to generate long-term value. The issue of green bonds and the credit facility are key tools that support our goals of sustainable development and energy transition."
The statement emphasizes the company's determination to become a leader in the production of renewable energy and to bring a contribution significant for environmental protection.
