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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

RO utility group Electrica merges regional distribution branches

Bucharest-listed energy group Electrica, the biggest local player in the electricity distribution and supply market, has completed the first stage of the merger by absorption of its three regional distribution branches.

The three branches, which serve clients in Romania's Transylvania and northern Muntenia regions, will merge under DEE Romania (DEER).

"It is a major project that will allow us to streamline costs, accelerate the digitization of major business processes, and improve operational performance to increase the quality of services provided," said Corina Popescu, CEO of Electrica.

The three branches have resulted from the initial reorganization of the Electrica national company, in 2005, into eight regional branches - that were later subject to electricity distribution/supply unbundling.

Five branches were privatized while Electrica, with the three branches left, was listed.

Electrica's regional branches currently cover 40.7% of the national territory and 3.8 million customers.

From 2014 until now, the Electrica group has become the largest investor in the modernization and refurbishment of electricity distribution networks with RON 4.39 billion (some EUR 900 mln, at the current exchange rate) invested.

(Photo: Pexels)

[email protected]

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

RO utility group Electrica merges regional distribution branches

Bucharest-listed energy group Electrica, the biggest local player in the electricity distribution and supply market, has completed the first stage of the merger by absorption of its three regional distribution branches.

The three branches, which serve clients in Romania's Transylvania and northern Muntenia regions, will merge under DEE Romania (DEER).

"It is a major project that will allow us to streamline costs, accelerate the digitization of major business processes, and improve operational performance to increase the quality of services provided," said Corina Popescu, CEO of Electrica.

The three branches have resulted from the initial reorganization of the Electrica national company, in 2005, into eight regional branches - that were later subject to electricity distribution/supply unbundling.

Five branches were privatized while Electrica, with the three branches left, was listed.

Electrica's regional branches currently cover 40.7% of the national territory and 3.8 million customers.

From 2014 until now, the Electrica group has become the largest investor in the modernization and refurbishment of electricity distribution networks with RON 4.39 billion (some EUR 900 mln, at the current exchange rate) invested.

(Photo: Pexels)

[email protected]

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