Transelectrica tightens purse strings

National electricity supplier Transelectrica said it would cut back on spending by 10% this year, reduce acquisitions and maintenance costs as well as investments. “Initially, we had planned total expenditure of 2.8 billion lei. But now, we have to adapt to the market environment and make savings. The analysis is not complete, the budget blueprint following to be revised”, said the managing director of the company, Octavian Lohan. Transelectrica is the Transportation and System Operator ...

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