Romania’s Transelectrica records accounting loss after tax audit

State-owned power grid operator Transelectrica has revised downwards its 2017 result, romania-insider.com reports The company posted a RON 47.9 million loss (EUR 10.5 million) after initially announcing a preliminary net profit of RON 26 million (EUR 5.7 million) in February. The company had a difficult year as the energy sector regulator ANRE decided to cut electricity transmission tariffs starting July 1, 2017. Moreover, the company was negatively impacted by a decision of ...

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