Electrica sales down 40% nine months into the year

State-held Electrica, one of the largest electricity
transmission and supply companies on the Romanian market, says
electricity sales to the large consumers fell by around 40% in the
first nine months of the year against last year. “We have very big
clients in our portfolio, such as Oltchim and Mittal Steel,
companies whose businesses are very much dependent on their
exports, and which have been affected by the crisis. In the first
nine months of the year, we delivered around 60% of what we used to
deliver last year and I don’t think things will improve in the last
three months of the year,” said Ioan Silvas, energy sales manager
within Electrica, although only two months ago the company showed
more optimism when it came to the progression of electricity sales.
In the first six months of the year, the company’s turnover
amounted to 574 million euros (2.431 billion RON), down 36% against
the similar time last year.