REG - Soc EnergElectricaSA - Electrica signs a MoU with Esyasoft Holding Ltd.

Societatea Energetica Electrica SAAnnouncement

16/05/2024 16:45

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RNS Number : 7937O  Societatea Energetica Electrica SA  16 May 2024

Announcement - 16 May 2024

Electrica signs a Memorandum of Understanding with Esyasoft Holding Ltd., a
subsidiary of International Holding Company (IHC), Abu Dhabi, United Arab
Emirates (UAE)

 

Electrica informs its investors that it signed today, 16 May 2024, in
Bucharest, in the presence of the Prime Minister of Romania, a Memorandum of
Understanding (MOU) with Esyasoft Holding Ltd. regarding the collaboration in
providing deployment and financing/investment scheme for network grid
infrastructure modernization and automation, through smart-grid technologies,
Advanced Metering Infrastructure (AMI), EV charging infrastructure, energy
storage and consumer engagement. The MOU is valid for a period of one year,
with the possibility for extension.

The scope of this MOU includes but is not limited to:

·    Collaboration for the deployment and financing scheme of Network Grid
Modernization and Automation, AMI and other related technologies.

·    Forming an JV/SPV (Joint Venture / Special Purpose Vehicle) or using
any other framework permitted by the laws and regulations in Romania and EU,
as may be applicable.

·    Know-how transfer regarding the development of Network Grid
Modernization and Automation Infrastructure.

Esyasoft Holding Ltd. is a wholly owned subsidiary of International Holding
Company (IHC), Abu Dhabi, specialised in providing end to end Network Grid
Modernization and Automation, through Smart-grid Technologies, Advanced
Metering Infrastructure (AMI), EV Charging Infrastructure, Energy Storage and
Consumer Engagement, communication network, IT, IoT, and advanced analytics
and AI solutions for power, gas, and water utilities. Esyasoft has been
providing critical Network Grid Modernization and Automation Solutions
Globally, having offices in over 10 countries, including UAE, India,
Azerbaijan, Netherlands, United Kingdom, and Americas, serving over 35+ global
utility companies.

Electrica Group is a key player in the electricity supply, distribution and
production market in Romania, as well as one of the most important players in
the energy services sector. Electrica Group provides services to about 3.9
million users and has national coverage - with a coverage of 18 counties from
three geographical areas for the distribution of electricity: Northern
Transylvania, Southern Transylvania, Northern Muntenia, and across the country
for the supply of electricity and for energy maintenance and services. As of
July 2014, Electrica has become a company with private majority capital,
listed on the Bucharest and London Stock Exchanges.

Contact details: Electrica Investor Relations - ir@electrica.ro ; +40731796111

 

CEO

Alexandru Chirita

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