Transelectrica

Transelectrica
Transelectrica
Type of	public company , joint stock company
Exchange listing	BVB : TEL
Base	2000
Location	Romania : Bucharest
Key figures	Horya Heheyanu (CEO)
Industry	power industry ( ISIC :3510 )
Products	production, distribution of electricity
Turnover	▲ RON 3.27 billion (2011)
Net profit	▲ RON 90.9 million (2011)
Assets	▲ RON 5.57 billion (2011)
Capitalization	▲ RON 2.46 billion (2011)
Number of employees	2197 (2011)
Site	transelectrica.ro

Transelectrica is a Romanian electricity public company engaged in the production and distribution of electricity. It has its own listing of shares on the Bucharest Stock Exchange. It was founded in 2000. The shareholders of the company are the Ministry of Economy, Trade and Business Environment of Romania (58.69%), the Romanian Property Fund (13.5%) and the Bucharest Stock Exchange and other investors (27.81%). It includes eight territorial branches and another department - the operator of accounting for electricity sold on the market. Subsidiaries are involved in various administrative matters.

Content

Branches

ST Bucharest : Bucharest city, buzau bugs , Calarasi , Dymbovitsa , Giurgiu , Yalomitsa , Ilfov , Prahova , Teleorman . 1240 km of power lines.
ST Constanţa : the beetles of Constance , Tulcea , Galati , Braila , part of the bearers of Yalomits and Vrancha . 900 km of power lines.
ST Piteşti : Arjesh, Olt and Valcea . 1200 km of power lines.
ST Craiova : Dolzh , Gorge and Mekhedintsi 1528 km of power lines.
ST Timişoara : Timudi , Arad , Karash-Severin and Hunedoara . 1100 km of power lines.
ST Sibiu : Alba , Sibiu , Mures , Khargita , Covasna and Brasov . 987 km of power lines.
ST Bacău : Suceva , Iasi , Neamt , Vaslui , Bacau , Vrancha and Botosani . 1051 km of power lines.
ST Cluj : Cluj Cluj , Bihor , Maramures , Satu Mare and Salag . 952 km of power lines.

Transelectrica is the first public company owned by a state with a listing of shares on the Bucharest Stock Exchange as part of the Powerful Market program launched by the Romanian Government in support of public companies in the capital market. The company's capitalization is approximately 1.1 billion euros .

Subsidiaries

OPCOM (Operatorul Pietei de Energie Electrica) - approved by order No. 627/2000 as a subsidiary of Transelectrica. Provides the basis for concluding commercial agreements for the supply of electricity.
SMART is a transmission network service company. Formed by the reorganization of Transelectrica in accordance with Decree No. 710/2001 as a fully owned industry. It is engaged in conducting audits, repairing primary and secondary equipment from the transmission network, conducting preventive measurements, troubleshooting electrical installations, providing services and micro-manufacturing electrical equipment.
Formenerg - organization of training events for energy sector employees. The company was established on April 1, 2002 as a subsidiary of Transelectrica.
Teletrans - the company was founded in January 2003, is engaged in providing information and communication services necessary for the management of electric networks.
Icemenerg (Institutul de Cercetări și Modernizări Energetice) - in accordance with Decree No. 1065/2003 related to the reorganization of Transelectrica and Icemenrg through the merger of both companies, the reorganization of Icemenerg as a subsidiary of Transelectrica was approved. It provides services in the field of servicing thermal power plants, electrical substations and networks. It was reorganized in September 2010 in coordination with the Ministry of Economy of Romania ^[4] ^[5] .
Icemenrg Service - in 2004, following a government decision to reorganize the Transelectrica National Electricity Company and the Icemenerg Service, the latter became a subsidiary of Transelectrica.

Indicators

The number of employees was 2150 in 2006 ^[6] and 2197 in 2011.
Capitalization amounted to about 613 million euros as of November 2007 ^[7] ^[8] ^[8] ^[9] . The volume of capitalization in 2011 amounted to 2.46 billion Romanian lei, which is equivalent to approximately 0.56 billion euros ^[2] . The management of the company suggested that shareholders distribute dividends in the amount of 80.6 million lei (18.4 million euros), which is nine times higher than the profit at the end of 2010 ^[10] .
In 2009, Icemenerg's turnover amounted to 9.3 million lei, net profit - 1.16 million lei ^[5] .

Scandals

In July 2014, the Accounts Chamber of Romania discovered damage in the amount of 132.2 million lei caused to the property of Transelectrica. Most of the money - 80.1 million lei - are unaccounted debts from the execution of contracts for energy transactions, which were not provided with financial guarantees ^[11] .

Notes

↑ Informare de presa (rum.) . Transelectrica (May 15, 2011). Date of treatment June 14, 2011.
↑ ¹ ² ³ ⁴ ⁵ Acțiuni listate la Bursă: CNTEE Transelectrica (TEL) (rum.) (Inaccessible link) . kmarket.ro. Date of treatment November 25, 2011. Archived December 31, 2010.
↑ Compania Națională de Transport al Energiei (rum.) . Ziarul Financiar . Date of treatment January 29, 2013.
↑ ICEMENERG trece de la Transelectrica la Ministerul Economiei (rum.) . ziare.com (September 19, 2010). Date of treatment November 11, 2010.
↑ ¹ ² Guvernul scoate "Icemenerg" de sub autoritatea "Transelectrica" (neopr.) . bursa.ro (September 20, 2010). Date of treatment November 11, 2010.
↑ Transelectrica asigura managerii si sanatatea angajatilor cu jumatate de milion de euro (unavailable link)
↑ Transelectrica: Dividende de 0.3 lei, mai jos cu 16% (rum.) . standard.money.ro. Date of treatment March 27, 2008. (unavailable link)
↑ ¹ ² Trei dintre filialele Transelectrica, la privatizare (rum.) . standard.money.ro. Date of treatment March 27, 2008. (unavailable link)
↑ Panait: Cresterea puternica a profitului Transelectrica a fost o surpriza pentru piata (rum.) . wall-street.ro. Date of treatment March 27, 2008.
↑ Transelectrica ar putea distribui dividende de peste 80 MIL. lei (rum.) . wall-street.ro.
↑ Daniel Ionascu. EXCLUSIV "Electrocăpușele" au devorat 132 de milioane de lei din bugetul Transelectrica, arată Curtea de Conturi (rum.) . Adevărul (July 27, 2014). Date of treatment October 6, 2016.

Links

Official website of Transelectrica (rum.)
Icemenerg official website (rum.)

[transpr-1] Informare de presa (rum.) . Transelectrica (May 15, 2011). Date of treatment June 14, 2011.

[kmarket-2] ¹ ² ³ ⁴ ⁵ Acțiuni listate la Bursă: CNTEE Transelectrica (TEL) (rum.) (Inaccessible link) . kmarket.ro. Date of treatment November 25, 2011. Archived December 31, 2010.

[3] Compania Națională de Transport al Energiei (rum.) . Ziarul Financiar . Date of treatment January 29, 2013.

[z2010-11-11-4] ICEMENERG trece de la Transelectrica la Ministerul Economiei (rum.) . ziare.com (September 19, 2010). Date of treatment November 11, 2010.

[b2010-11-11-5] ¹ ² Guvernul scoate "Icemenerg" de sub autoritatea "Transelectrica" (neopr.) . bursa.ro (September 20, 2010). Date of treatment November 11, 2010.

[6] Transelectrica asigura managerii si sanatatea angajatilor cu jumatate de milion de euro (unavailable link)

[stca2009-03-27-7] Transelectrica: Dividende de 0.3 lei, mai jos cu 16% (rum.) . standard.money.ro. Date of treatment March 27, 2008. (unavailable link)

[st2008-8] ¹ ² Trei dintre filialele Transelectrica, la privatizare (rum.) . standard.money.ro. Date of treatment March 27, 2008. (unavailable link)

[ws-9] Panait: Cresterea puternica a profitului Transelectrica a fost o surpriza pentru piata (rum.) . wall-street.ro. Date of treatment March 27, 2008.

[10] Transelectrica ar putea distribui dividende de peste 80 MIL. lei (rum.) . wall-street.ro.

[11] Daniel Ionascu. EXCLUSIV "Electrocăpușele" au devorat 132 de milioane de lei din bugetul Transelectrica, arată Curtea de Conturi (rum.) . Adevărul (July 27, 2014). Date of treatment October 6, 2016.