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Societatea Energetica Electrica S.A. announced on 29 May 2026 that its wholly-owned subsidiary, Foton Power Energy S.R.L., signed an Engineering, Procurement & Construction (EPC) contract. This contract is for the "Bihor 1" photovoltaic project, which has an installed capacity of approximately 78.8 MWp and includes an 18 MWh electricity storage installation. The total contract value is approximately EUR 36.6 million (excluding VAT) and covers operation and maintenance for 3 years from commissioning.
| Date | 29 May 2026 |
| Time | 14:14:20 |
| Category | Miscellaneous |
| ID | 2946G |
Societatea Energetica Electrica S.A.
9 Grigore Alexandrescu Street, sector 1
010621, Bucharest
Phone: 0212085999
CIF: RO 13267221, J40/7425/2000
Share capital: 3.395.530.040 LEI
www.electrica.ro
29 May 2026
Announcement
Signing of an EPC contract for the development of the
"Bihor 1" photovoltaic project
Electrica announces the completion of the competitive procedure for the selection of an EPC Contractor and the signing, by its subsidiary Foton Power Energy S.R.L., of an EPC (Engineering, Procurement & Construction) contract for the "Bihor 1" photovoltaic project, namely the implementation of the photovoltaic park, the 110 kV transformer substation and an electricity storage installation with a capacity of 18 MWh, as well as their operation and maintenance for a period of 3 years from commissioning, with a total contract value of approximately EUR 36.6 million (excluding VAT).
The "Bihor 1" photovoltaic project has an installed capacity of approximately 78,8 MWp and is located within the administrative area of the Cefa and Mădăraș communes, Bihor County, being developed through the subsidiary Foton Power Energy S.R.L., wholly owned by Electrica.
The next step in this project is the start of the actual construction works, Electrica estimating its completion and commissioning in line with the project schedule. This objective is part of Electrica Group's strategy of expanding on the electricity value chain, in the area of electricity production from renewable sources.
The financing of the project's investment costs will be ensured, on a priority basis, from the funds raised by Electrica through the green bond issuance in 2025.
Contact details: Investor Relations - E-mail: [email protected] ; Phone: +40 731 796 111
Chief Executive Officer
Alexandru - Aurelian Chirita
Chief Business Development Officer
Andreea Lambru