Transelectrica closes maintenance contract worth RON 4.6 mln with Teletrans subsidiary

Transelectrica closes maintenance contract worth RON 4.6 million, without VAT, with one of its subsidiary, the Company for Telecommunication Services and Technology Information in Electric Network Transport “Teletrans”, for the maintenance of the local metering system of electric substations Transelectrica.

The performance bond of the contract is according to the law, RON 455,908, meaning 10 percent of the overall contract value, says Transelectrica.

Transelectrica has to pay the contract value based on the bill sent within 30 days from the bill registration at Teletrans.

Transelectrica is the operator of Transport and System in Romania that manages 81 electric transformation substations, with a capacity close to 35,000 MVA and over 9,000 km of air electric lines of 110/220 kV, 400 kV and 750 kV, managed by 8 transport subsidiaries.

Transelectrica registered a net profit of RON 64.79 million in the first nine months of 2017, a decrease year-on-year by three times, due to the drop in revenues from the electric energy transport service.

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Also, the overall revenues climbed by over 27 percent to RON 2.41 billion, an year-on-year increase from RON 1.89 billion at the end of September 2016.