Transelectrica currently employs 2,200 people.
According to Bucataru, the company has yet to modernize about half of its 81 power stations.
He added that Transelectrica will implement a wage scheme based on performance, targeting both the company’s supervisory board and about 500 employees in management positions.
Transelectrica planned investments worth a total of 2.215 billion lei (EUR0.498 billion) in its electricity transport network in the next four years: RON495 million in 2014, RON523 million in 2015, RON575 million in 2016 and RON622 million in 2017.
The company allotted RON330 million for investments this year.
Bucataru said a part of Transelectrica’s investment projects are co-financed with European money.
The company registered turnover of RON1.097 billion in the first half of 2013, down 24% on the year, while its profit climbed five times to RON102.7 million.
Transelectrica is controlled by the Finance Ministry (58.69%). Other main shareholders include investment Fund Fondul Proprietatea (FP.RO) (13.5%) and regional investment fund SIF Oltenia (SIF5.RO) (7.11%). (EUR1=RON4.4461)