Transelectrica

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Transelectrica SA
Type Public (BVB: TEL)
Founded 2000
Headquarters Bucharest, Romania
Key people Stelian Gal, CEO
Industry electricity
Revenue US$ 1 billion (2006)
Employees 2.156 (2005)
Parent state owned
Website www.transelectrica.ro

Transelectrica is a joint - stock 100% state-owned company, its shares being held by the Ministry of Economy and Commerce. August 26th 2006 marks the public listing of 10% of the company's shares on the Bucharest Stock Exchange (BVB). Transelectrica is organized in eight territorial transmission branches and one more branch acting as a metering operator for the electricity traded on the wholesale market:

Transelectrica SA is the first state-owned company listed to the Bucharest Stock Exchange from the programme "A Powerful Market" that the Romanian Government has initiated in order to float some public companies on the capital market. Now the company has a capitalisation of approximately 1.1 billion €.

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