EPC Contract Signing for Bihor 1 PV

Summary by AI ^BETAClose X

Societatea Energetica Electrica SA has signed an EPC contract valued at approximately EUR 36.6 million (excluding VAT) for its "Bihor 1" photovoltaic project, which will include a 78.8 MWp solar park, a 110 kV transformer substation, and an 18 MWh electricity storage installation. The contract also covers operation and maintenance for three years post-commissioning. This project, developed by wholly-owned subsidiary Foton Power Energy S.R.L., aligns with Electrica Group's renewable energy production strategy and will be financed primarily by funds from a 2025 green bond issuance. Construction is expected to commence soon, with commissioning anticipated according to the project schedule.

Disclaimer*

Societatea Energetica Electrica SA

29 May 2026

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: ir@electrica.ro ; Phone: +40 731 796 111

Chief Executive Officer

Alexandru - Aurelian Chirita

Chief Business Development Officer

Andreea Lambru

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