“During the meeting held on 17 December 2020, the Extraordinary General Meeting of Shareholders (EGMS) of EFSA approved the establishment of EFSA’s Branch in Republica Moldova, headquartered in Chisinau, 63 Vlaicu Parcalab str., MD-2012, Republica Moldova,” the company said in a statement.
Electrica reported a net profit of RON396 million in January-September 2020, up 146% from the year-earlier period.
Electrica’s revenue grew 4% to nearly RON4.8 billion amid increases in revenue on the electricity supply and distribution segments. In the third quarter of 2020, Electrica reported a net profit of RON207 million, fourfold higher than the level reported in the third quarter of 2019, and revenue of RON1.6 billion.
Electrica Group distributed 12.87 TWh of electricity in January-September 2020, a decrease of 3% as compared to the same period in 2019, to approximately 3.8 million users. In the first nine months of 2020, the Group supplied 6.8 TWh of electricity to a number of approximately 3.6 million final consumers (both in last resort regime and on the competitive market), representing a decrease of 0.5% year-over-year.
Electrica Furnizare, one of the leading electricity suppliers and distributors in Romania, is 48.7% owned by the Romanian State and has a market value of RON4.2 billion.