“Power consumption increased by 6%, while energy output rose 11%,” said Razvan Purdila, deputy general manager of Transelectrica.
Early January, Transelectrica estimated Romanian power consumption will grow by around 2% on the year to 54.8% TWh, fueled by higher industrial demand.
Romanian final power consumption reached 55.5 billion KWh in 2010, up 3.8% from a year earlier, according to data from the statistics institute.
Transelectrica is 73.64% owned by the Ministry of Economy, while investment fund Fondul Proprietatea owns 13.5% of the company’s shares.
The company reported a net profit of 9.55 billion lei (EUR1=RON4.1065) in 2010, up 55.7% on the year. For 2011, Transelectrica estimates a net profit of RON16.5 million.
On the Bucharest bourse Tuesday morning, Transelectrica traded up 0.56% at RON19.8 a share.