Termoelectrica

Last updated
Termoelectrica
State owned
Industry Electricity
Founded2000 (2000)
Headquarters,
Key people
Viorel Marian (CEO)
RevenueUS$346 million (2007)
Number of employees
1,683 (2006)
Website www.termoelectrica.ro

Termoelectrica is a Romanian state-owned company, its shares being held by the Ministry of Economy and Commerce which has as main objective power generation with thermal power plants.

Romania Sovereign state in Europe

Romania is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders the Black Sea to the southeast, Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 sq mi), Romania is the 12th largest country and also the 7th most populous member state of the European Union, having almost 20 million inhabitants. Its capital and largest city is Bucharest, and other major urban areas include Cluj-Napoca, Timișoara, Iași, Constanța, Craiova, and Brașov.

Termoelectrica owns three subsidiaries with a total installed capacity of 1,717 MW and an annual average power production of 5.910 TWh, 9.64% of the total national output of Romania. [ citation needed ]

A subsidiary, subsidiary company or daughter company is a company that is owned or controlled by another company, which is called the parent company, parent, or holding company. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a government or state-owned enterprise. In some cases, particularly in the music and book publishing industries, subsidiaries are referred to as imprints.

Subsidiaries

Electrocentrale Bucharest
Public
Industry electricity
Founded2003
Headquarters Bucharest, Romania
Key people
Ion Marcu, CEO
RevenueUS$ 1.01 billion (2007)
Number of employees
2,719 (2007)
Parent state owned
Website www.elcen.ro

Electrocentrale Bucharest is a Romanian state-owned company, its shares being held by Termoelectrica which has as main objective power generation with thermal power plants.

Termoelectrica is a Romanian state-owned company, its shares being held by the Ministry of Economy and Commerce which has as main objective power generation with thermal power plants.

Electrocentrale Bucharest owns three subsidiaries with a total installed capacity of 2,008 MW and an annual average power production of 6.759 TWh, which is 12.7% of the total national output of Romania. [ citation needed ]



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