Transelectrica has opened its modernised 220kV transformer station in Slatina last week as part of a 37.2 million dollar (31 million euro) retooling project, a company release shows. The 400/220kV transformer station supplies electrical power to the Alro Slatina aluminium plant, and the upgrading of this facility will be completed in the second half of next year when the 400kV station will be brought back online. The general contractor in the project is ABB Power Technologies Sweden, and the funding comes from a foreign loan granted to Transelectrica by the Nordic Investment Bank and Credit Agricole Indosuez. ZF
TELECOMS
Total revenues for The National Radio Communications Company (SNR) will grow by 20-25% in 2005 to over 75 million euros, while net profits will reach nearly 10 million euros, said SNR chairman Mircea Cazan on Monday. “The company”s revenues reached 60 million euros last year and if we attain this year”s targets, we will be more than happy. We must bear in mind, however, that prices on the telecoms market are constantly falling,” he added. SNR data show the company has 547 corporate clients, which together contributed some 1.6 million euros per month to the operator”s telecommunications-related revenues. The management is planning to add ADSL services to its portfolio, which already includes data transmission, Internet, virtual private networks (VPN), fixed telephone and satellite communications services. The ADSL services will become available as soon as an agreement with RomTelecom is signed. “We are in talks with officials from the national telephone operator and we hope to sign an agreement in the next few months,” said Cazan.