Energy Holding dominated the private energy trade in recent years, going from turnover of several million euros to a peak of over EUR200 million. Key to this advance was the long-term contract with Hidroelectrica, the cheapest electricity generator in Romania. Energy Holding is still the state-owned company’s largest client after Alro.
According to Finance Ministry data, the EUR154.3 million turnover registered by Energy Holding was topped by the EUR174.5 million reported by Tinmar Ind, a company that is not on Hidroelectrica’s list of clients.
According to Tinmar Ind’s website, it entered the electricity business in April 2007 and now has a portfolio of more than 80 companies. ANRE (Romanian Energy Regulation Authority) data show Tinmar Ind boasted the strongest increase in energy quantity sold on the competitive segment, where traders meet major energy consumers, with the company doubling its deliveries on this market.
This also reflected in turnover, which rose from EUR96 million in 2009 to EUR174.5 million in 2010. “We knew how to adapt to the crisis. The increase was also generated by our presence on Europe’s energy markets,” the company’s representatives said recently.
Besides Tinmar Ind and Energy Holding, the ranking of the 10 largest companies in private electricity trade includes Alpiq Romenergie (former EHOL Distribution, formerly part of Energy Holding) with EUR142 million in turnover, Alpiq Romindustries (EUR124.4 million) or Energy Financing Team (EUR96.5 million). Next in the ranking are EGL Gas & Power (EUR84.1 million in turnover in 2009, as 2010 figures are not yet available), Trasenergo Com (EUR82.4 million), Repower Furnizare Romania (formerly Elcomex EN, EUR82.2 million), Rudnap (EUR75.7 million) and Petprod (EUR54.1 million).
Overall, the ten largest companies on this market last year reached turnover above EUR1 billion, up around 30% from 2009. The newcomer in the top ten is Rudnap, the domestic unit of a Serbian group, which last year secured a large electricity export contract.
(English version by Catalina Apostoiu; Editing by Loredana Fratila-Cristescu)