On the other hand, Transelectrica estimates a 12.5% drop in revenue to RON2.43 billion, from RON2.78 billion initially.

Additionally, total spending is predicted at RON2.39 billion, down 13% from RON2.75 billion previously.

Transelectrica reported a net profit of RON178.6 million in the first half, versus a loss of RON58.2 million in the year-earlier period.

The Romanian Economy Ministry owns 73.68% in Transelectrica, while investment fund Fondul Proprietatea holds a 13.5% stake. The remaining shares are traded on the Bucharest stock exchange.

Thursday, Transelectrica closed down 1.58% at RON19.3 a share. (EUR1=RON4.2669)