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Electrica SA

Summary

Company ID (NIN)

13267221

Company owner / manager

  • Other
  • European Bank for Reconstruction and Development
  • State
  • Individuals

Country

Romania

Capital

3,459,399,290

Total assets

3,997,577,938

Net profit for the period

297,973,355

Report year

2018

Currency

RON

Industry

Power & Gas Distribution

General information

About Electrica SA

Electrica SA purchases, distributes and sells electricity to households and corporate clients.

The company has ISO 9001:2015 Quality management systems certificate, ISO 14001:2015 Environmental management systems certificate, and OHSAS18001:2007 Occupational health and safety management systems certificate, all valid until Oct 26, 2019.

As of June 2019 the company’s shares are included  in Bucharest Stock Exchange’s blue-chip index BET.

Last updated on June 6, 2019.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
Jan. 1, 2000
NIN
13267221
Tickers
EL
Stock Exchange
Bucharest Stock Exchange
ISIN
ROELECACNOR5
Profile last updated
June 6, 2019, 4:24 p.m.
Alternative names

    Electrica JSC
    Societatea Comerciala de Distributie si Furnizare a Energiei Electrice – Electrica SA
    Societatea Comerciala de Distributie si Furnizare a Energiei Electrice – Electrica JSC
    SC Electrica SA
    SC Electrica JSC
    SCDFEE Electrica SA
    SCDFEE
    Societatea Energetica Electrica SA

History

    July 2, 1998 - The national electricity authority RENEL is reorganised and Electrica SA is established as a joint stock company and a subsidiary of the newly established national power company Conel SA.

    July 13, 2000 – Electrica SA spins off from Conel SA and becomes a joint stock company.

    Mar 1, 2002 – SC Electrica SA is transformed into a holding company in control of eight subsidiaries: Electrica Banat SA, Electrica Dobrogea SA, Electrica Moldova SA, Electrica Oltenia SA, Electrica Muntenia Sud SA, Electrica Muntenia Nord SA, Electrica Transilvania Sud and Electrica Transilvania Nord.

    2002 – Electrica SA established a joint venture with the Spanish company Soluziona, Electrica-Soluziona SA, mainly providing consultancy services and implementing information systems.

    July 19, 2004 – Electrica SA sells 51% stakes in Electrica Banat SA and Electrica Dobrogea SA to the Italian power company Enel SpA for the total EUR 127.6 mln.

    February 2005 – Electrica SA sells 51% in its subsidiary Electrica Moldova SA to German company E.ON Energie AG for EUR 100 mln.

    Apr 5, 2005 – The company sells a 51% stake in its subsidiary Electrica Oltenia SA to Czech company CEZ for the total sum of EUR 151 mln.

    June 2006 - Electrica SA signs a EUR 820 mln preliminary contract for the sale of a 67.5% stake in Electrica Muntenia Sud with Enel. The deal is awaiting approval from the Romanian government.

    January 2014 - Romania's Government announces its plans to sell a 51% stake in Electrica SA through the Bucharest Stock Exchange and the London Stock Exchange in June 2014.

    July 4, 2014 - The company is listed on the Bucharest Stock Exchange.

    July 14, 2014 - The company is listed on the London Stock Exchange.

    Last updated on June 6, 2019.

Management

Executive Board
Georgeta Corina Popescu
CEO
Mihai Darie
CFO
Board of Directors
Pedro Mielgo Alvarez
Member of the Board
Willem Schoeber
Member of the Board
Doina Dascalu
Member of the Board
Arielle Malard de Rothschild
Member of the Board
Valentin Radu
Chairman of the Board
Gicu Iorga
Member of the Board
Bogdan George Iliescu
Member of the Board

Contacts

Address
9, Grigore Alexandrescu Str.
10621
Bucharest, Romania
Telephones

+40 21 208 5999

Fax

+40 21 208 5998

Emails

office@electrica.ro
investorrelations@electrica.ro

Websites
www.electrica.ro

Ownership

Name Direct holding Indirect holding Owner type Country
Other 38.91 Other
European Bank for Reconstruction and Development 6.92 Institution UK
State 48.78 State
Individuals 5.39 Individual

Subsidiaries and affiliates

Name Direct holding Indirect holding Country
Electrica Distributie Transilvania Sud SA 99.99 Romania
Electrica Serv SA 100.0 Romania
Servicii Energetice Muntenia SA 100.0 Romania
Electrica Distributie Transilvania Nord SA 99.99 Romania
Electrica Distributie Muntenia Nord SA 99.99 Romania
Electrica Furnizare SA 99.99 Romania

Products and services

Electrica SA manufactures:

  • niches and distribution panels
  • steel structures for the 0.4 to 20 kV high tension and overhead power lines
  • iron poles for the 0.4 kV distribution and lighting overhead power lines.

It  provides the following services:

  • distribution and supply with electricity
  • transportation and logistics services for all its customers
  • designs power distribution networks
  • consultancy services in the electricity sector.

The company operates eight maintenance and service centres, which provide:

  • maintenance of electric appliances
  • repairing electric facilities
  • repairing low, medium and high voltage networks
  • repairing power transformers
  • repairing electric motors, power sets, pumps and fans
  • testing electric safety devices
  • repairing of coils
  • repairing and testing of variable resistance lightning arresters
  • physical and chemical analysis of insulating oils and waste waters
  • repairing accumulator assemblies
  • repairing high and medium voltage switches
  • repairing fuses
  • repairing fault detection installations for cables
  • repairing electricity metres.

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