Early Warning System

Countries

Romania

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Investment Bank (EIB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Nov 20, 2024

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

DELGAZ GRID SA

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 210.92 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 200
Converted using 2024-11-20 exchange rate.

Project Cost (USD)

$ 663.33 million

Bank Documents

Environmental and Social Data Sheet (ESDS) - DELGAZ ELECTRICITY DISTRIBUTION

Media Documents

Romania: Residents in northeast to get energy-network upgrade with €200 million EIB loan to Delgaz G

Primary Source

Original disclosure @ EIB website

Updated in EWS Apr 25, 2025

Disclosed by Bank Nov 26, 2024

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project consists in an investment programme in electricity distribution in Romania, covering the period 2024-2027.
The programme includes investments in high, medium and low voltage networks, metering, as well as network automation. It includes elements of the CARMEN (Carpathian Modernisation of Energy Network) Project of Common Interest.

The project is expected to modernise and expand the promoter's distribution network, by supporting its efficient operation, contributing to the integration of Renewable Energy Sources (RES), and catering for the connection of new customers.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The investment programme comprises several electricity distribution schemes with voltages ranging from 0.4 kV up to 110 kV. Some of these schemes may fall under Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU), which requires the competent national authority to determine the need for an EIA. Where, and if applicable, the requirements of Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC will be verified during appraisal. The programme schemes related to automation and metering are expected to have limited environmental impact.

The environmental and social due diligence will follow the programme lending approach according to the EIB's procedures and standards. It will focus on the Promoter's capacity to implement the programme in line with the EIB environmental and social standards and requirements.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Investment Bank (EIB)

The European Investment Bank (EIB) is lending Romanian energy distributor Delgaz Grid €200 million to upgrade the electricity network in the country’s northeastern region of Moldova; the loan amount can be disbursed both in EUR and RON. The EIB credit is part of a €630 investment programme by Delgaz Grid to improve a power system that serves more than 1.5 million households and businesses.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Delgaz operates electricity and natural gas distribution networks in Romania, in the Northern half of the country. Delgaz's electricity network has a length over 81,000 km, and it is present in 6 counties in the Northeast of Romania (Iaii, Botoiani, Vaslui , Suceava, Neami, and Baciu), while its natural gas network covers over 25,000 km, and it is present in all 20 counties located across the Northern half of the country. The Borrower served ~3.5 million domestic and business customers in Romania in 2022, during which period, it distributed 5 TWh of electricity.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Delgaz Grid SA	Client	-

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces