Italian energy company Enel plans to invest 329 million euros in its operations in Romania in the current regulatory cycle ending in 2018. The company will invest 151 million euros in 2017 and additional 178 million euros in 2018.
Enel’s Country Manager for Romania Georgios Stassis said that Enel is a major investor in the Romanian energy sector, committed to all the areas which are an integral part of the its overall strategic focus: grids, customers, and renewable energy. As the company progresses with its investment plan in network service quality, it is boosting grid automation and enhancing communication channels with customers as well as developing the offer of value-added services.
Enel’s investments have amounted to over 3 billion euros since the group entered the Romanian market. Investments in electricity distribution operations totaled 1.58 billion euros during 2005-2016. For 2017, out of the 151 million euros allotted for investment in Romania, 139 million euros will be directed to the distribution networks. The investment will stand even higher in 2018, at 178 million euros, of which 168 million euros will be aimed at improving grid performance.
Enel is active in the Romanian energy market since 2005 and is currently the largest private investor in energy in Romania. The company is the majority owner of three electricity distribution companies (Enel Distributie Banat, Enel Distributie Dobrogea and Enel Distributie Muntenia) and two electricity supply companies (Enel Energie and Enel Energie Muntenia). Enel Romania has over 3,100 employees and offers its services to more than 2.7 million clients in three regions: Muntenia South, Banat and Dobrogea, thus covering about a third of distribution market in Romania.