Romania’s Electrica gets shareholders’ greenlight for EUR 235 mln new power plants

21 August 2026 The shareholders of the utilities company Electrica (BVB: EL) approved the investment project in Craiova, which provides for the construction of electricity and thermal energy production capacities for the city's centralized heating system and for the industrial consumer Ford Otosan Romania, according to a company’s note to investors. The total investment value is up to EUR 235 million, plus VAT, for both objectives, according to a report by Electrica submitted to the Bucharest Stock Exchange. The first objective, with an estimated value of EUR 157.5 million, aims to build a cogeneration plant intended to supply the Centralized Thermal Energy Supply System in Craiova. The second objective, valued at EUR 65.5 million, involves the construction of a plant dedicated to providin