Romania: Transelectrica receivables almost EUR 12 million

12. April 2017. / SEE Energy News

The Romanian national transmission system operator Transelectrica had receivables totaling EUR 11.77 million up to and including April 3.

According to the latest data, the largest part of the debt, or EUR 4.8 million is representing claims on the companies that are in bankruptcy. The biggest debtors are the Autonomous Administration for Nuclear Activities (RAAN) with EUR 1.3 million euros, Total Electric Oltenia with EUR 680,000 and Romenergy Industry, with EUR 660,000. New name on this list is Arelco Energy, the supplier that went bankrupt after the recent crisis in the energy market. Its debt amounts to EUR 240,000.

On the other hand, Transelectrica has regained part of the debt from clients who went bankrupt. Petropod (EUR 1.2 million), Also Energ (EUR 1.1 million) and Arelco Power (EUR 370,000) have settled their debt.

Legal liabilities to the company totals EUR 2.07 million (Energy Holding – EUR 230,000, and penalties of ArcelorMittal Galati of EUR 860,000 and Also Energy of EUR 460,000).

According to Transelectrica estimates, the net profit for this year will amount to EUR 32.15 million, which is half of a preliminary profit recorded in 2016 (EUR 62.91 million), in accordance with the budget revenues and expenditures for 2017, which will be discussed at a shareholders’ meeting on  April, 13.

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