He added the company will focus less on network expansion.
“Losses in the distribution network are at 12-13%,” Dumitrascu said Thursday during a conference, adding the target is to reach a level of 8%, “a normal percentage for any developed European country”.
He also said the Romanian energy sector is rising and its business potential is “huge”.
Electrica is owned by the Romanian state, through the Department for Energy. It distributes electricity to three regions in the country and is the largest electricity distributor by number of customers.
In the first half of the year, Electrica had revenues of RON2.3 billion (EUR516.6 million), 12% lower than in the first half of 2013. It posted a net profit of RON197 million (EUR44 million), 6% lower than in the the first half of 2013.