The company that supplies power to customers like Dacia (Romania’s biggest exporter), wood processor Kronospan, and the plants in the Interagro group of businessman Ioan Niculaie, says it will serve more than 3,000 electricity consumption sites next year.
“We will have more than 350 end consumers as of January 1, 2014 and more than 3,000 consumption sites,” explains George Voicu, Tinmar Ind’s supply manager.
The company also expects RON90 million net profit next year, up 12.5% on 2013 estimate.
Tinmar Ind accounted for 7.76% of the deregulated power market in the first half, according to Romania’s energy sector regulator ANRE, which makes it the largest private supplier.
One company, aluminum-smelter Alro (ALR.RO), has a higher market share, 12.46%, but does not sell electricity to anyone. It uses all the power it generates for itself and is the country’s largest consumer.
Tinmar Ind says it supplied 2.1 TWh of electricity in 2013.
Tinmar Ind is also one of the country’s largest owners of photovoltaic parks, having invested EUR80 million in a total capacity of 50 MW.
Tinmar Ind became an electricity trader in early 2007, when it posted some EUR30 million revenue. Last year’s revenue reached EUR311 million.
The company buys power from Complexul Energetic Oltenia (Oltenia Energy Complex), Electrocentrale Galati and Nuclearelectrica and has never relied on the bilateral contracts with the country’s cheapest electricity producer Hidroelectrica for growth like other traders did. (EUR1=RON4.4639)
(English version by Loredana Fratila-Cristescu)