Electrica is a private company, listed on the Bucharest and London stock exchanges. Electrica is the only listed Romanian company in the field of electricity distribution and supply in Romania. Electrica Group is a key player in the electricity distribution and supply market in Romania, as well as one of the most important players in the energy services sector.
The main activities of the Group are represented by the distribution and supply of electricity to final customers.
The company was established in 1998 as a division of ''CONEL'' (''Compania Națională de Electricitate''), the largest electric power distribution company in the country at that time, but became a stand-alone company in 2000 when CONEL was restructured.
History
The story of Electrica begins in 1921, when the „Societatea Română pentru Întreprinderi Electrice Industriale”, founded in 1898, becomes “S.C. ELECTRICA S.A. – Societate Anonimă Română".
In 1990, after the fall of the communist regime, the first electric power distribution company was called ''RENEL'' or ''Regia Autonomă de Electricitate''. The company owned and operated everything in the field of electricity production, transmission and distribution in Romania and had an installed production capacity of around 20,000 MW. In 1998 RENEL is dissolved and divided into three companies ''CONEL'' (supply and distribution),
Nuclearelectrica (production) and ''Regia Autonomă pentru Activități Nucleare'' or ''RAAN'' (production and research).
Since 1998 the company that took over all the production and transport facilities of the former RENEL was ''CONEL '' (''Compania Națională de Electricitate''). The company had three branches,
Termoelectrica
Termoelectrica is a Romanian state-owned company, its shares being held by the Ministry of Economy and Commerce which has as main objective power generation with thermal power plants.
Termoelectrica owns three subsidiaries with a total installed ...
specialized in production of thermal and electric power from
fossil fuels,
Hidroelectrica
Hidroelectrica is a leader in electricity production and the main provider of technological services required in the National Energy System in Romania.
The company is currently managed in a dual system, by a Management Board, under the supervisio ...
specialized in production of electric power from renewable sources especially
hydro power plants and Electrica specialized in the supply and distribution of electric power. In 2000 the CONEL company was dissolved and the three branches that formed it became separate companies including a new one called
Transelectrica specialized in the transportation of electric power thru power lines.
The current Electrica company was established in 2000 after the break-up of CONEL and initially had eight branches "Transilvania Nord", "Transilvania Sud", "Muntenia Nord", "Muntenia Sud", "Moldova", "Oltenia", "Dobrogea" and "Banat". In 2005 Electrica privatized four of its branches namely "Moldova", "Oltenia", "Dobrogea" and "Banat" by selling 51% shares in each. The "Electrica Oltenia" branch was sold to the
Czech
Czech may refer to:
* Anything from or related to the Czech Republic, a country in Europe
** Czech language
** Czechs, the people of the area
** Czech culture
** Czech cuisine
* One of three mythical brothers, Lech, Czech, and Rus'
Places
* Czech, ...
company
CEZ Group for €167 million while the "Electrica Moldova" branch was sold to the
German
German(s) may refer to:
* Germany (of or related to)
** Germania (historical use)
* Germans, citizens of Germany, people of German ancestry, or native speakers of the German language
** For citizens of Germany, see also German nationality law
**Ge ...
company
E.ON for €100 million. The "Electrica Banat" and "Dobrogea" were sold to the
Italian
Italian(s) may refer to:
* Anything of, from, or related to the people of Italy over the centuries
** Italians, an ethnic group or simply a citizen of the Italian Republic or Italian Kingdom
** Italian language, a Romance language
*** Regional Ita ...
company
Enel
Enel S.p.A. is an Italian multinational manufacturer and distributor of electricity and gas. Enel, which originally stood for Ente nazionale per l'energia elettrica (National Electricity Board), was first established as a public body at the ...
for a combined €112 million. The Italian company also bought in 2008 a 64.4% stake in the "Electrica Muntenia Sud", the largest of the Electrica branches, for €820 million.
In 2011, "Electrica Furnizare Muntenia Nord", "Electrica Furnizare Transilvania Nord" and "Electrica Furnizare Transilvania Sud" merged into the trading company "Electrica Furnizare" SA.
In 2014, 51% of the shares of Electrica SA were double listed on the London Stock Exchange and on the Bucharest Stock Exchange. It was the biggest listing on the capital market in the country. The company collected at the time a record of almost LEI 2 billion (EUR 443 million).
Activity
Electrica is serving over 3.8 million customers in the entire country.
The Group's distribution activity is carried out through the three energy distribution companies: "SDEE Transilvania Nord", "SDEE Transilvania Sud", "SDEE Muntenia Nord". Also, the Group provides electricity to more than 3.5 million customers through the trading company "Electrica Furnizare" SA. The supply activity covers 18.69% (2019) of Romania's energy needs.
Electrica also has control over the services and maintenance company Electrica Serv. Electrica Serv operates in the fields of consulting and design, maintenance, inspections, overhauls and repairs of energy and measuring equipment. In 2016, Electrica had a network of about 116,500 km of power lines. In 2020, the company has a network of about 198,988 km of power lines. The company also has in its portfolio the Dimitrie Leonida Technical Museum.
The three distribution companies within the Electrica Group are: "SDEE Transilvania Nord", that serves 6 counties located in North Western Romania namely
Bihor,
Bistrița-Năsăud,
Cluj
; hu, kincses város)
, official_name=Cluj-Napoca
, native_name=
, image_skyline=
, subdivision_type1 = County
, subdivision_name1 = Cluj County
, subdivision_type2 = Status
, subdivision_name2 = County seat
, settlement_type = City
, le ...
,
Maramureș
or Marmaroshchyna ( ro, Maramureș ; uk, Мармарощина, Marmaroshchyna; hu, Máramaros) is a geographical, historical and cultural region in northern Romania and western Ukraine. It is situated in the northeastern Carpathians, alon ...
,
Satu Mare and
Salaj counties
A county is a geographic region of a country used for administrative or other purposesChambers Dictionary, L. Brookes (ed.), 2005, Chambers Harrap Publishers Ltd, Edinburgh in certain modern nations. The term is derived from the Old French ...
which serves 1.29 million people over an area of ; "SDEE Transilvania Sud" that serves 6 counties located in central Romania namely
Alba
''Alba'' ( , ) is the Scottish Gaelic name for Scotland. It is also, in English language historiography, used to refer to the polity of Picts and Scots united in the ninth century as the Kingdom of Alba, until it developed into the Kingdom ...
,
Brașov
Brașov (, , ; german: Kronstadt; hu, Brassó; la, Corona; Transylvanian Saxon: ''Kruhnen'') is a city in Transylvania, Romania and the administrative centre of Brașov County.
According to the latest Romanian census (2011), Brașov has a pop ...
,
Covasna,
Harghita
Harghita (, hu, Hargita megye, ) is a county (județ) in the center of Romania, in eastern Transylvania, with the county seat at Miercurea Ciuc.
Demographics 2002 census
In 2002, Harghita County had a population of 326,222 and a population ...
,
Mureș and
Sibiu
Sibiu ( , , german: link=no, Hermannstadt , la, Cibinium, Transylvanian Saxon: ''Härmeschtat'', hu, Nagyszeben ) is a city in Romania, in the historical region of Transylvania. Located some north-west of Bucharest, the city straddles the Ci ...
counties
A county is a geographic region of a country used for administrative or other purposesChambers Dictionary, L. Brookes (ed.), 2005, Chambers Harrap Publishers Ltd, Edinburgh in certain modern nations. The term is derived from the Old French ...
which serves 1.16 million people over an area of ; and "SDEE Muntenia Nord" that serves 6 counties located in Southern and South Eastern Romania namely
Brăila,
Buzău
The city of Buzău (formerly spelled ''Buzeu'' or ''Buzĕu''; ) is the county seat of Buzău County, Romania, in the historical region of Muntenia. It lies near the right bank of the Buzău River, between the south-eastern curvature of the Carp ...
,
Dâmbovița,
Galați,
Prahova and
Vrancea counties
A county is a geographic region of a country used for administrative or other purposesChambers Dictionary, L. Brookes (ed.), 2005, Chambers Harrap Publishers Ltd, Edinburgh in certain modern nations. The term is derived from the Old French ...
which serves 1.31 million people over an area of .
References
{{Reflist
External links
Official website
Electric power companies of Romania