Corina Popescu, Electrica: Every company must have a strategy for effective investments

Every company must have a strategy for effective investments, so that Romania can achieve its Green Deal targets, according to Corina Popescu, CEO Electrica.

“Each country must establish investment plans, coherent development policies, clear principles through which each company can access European funds for development,” she said during the online conference SUSTAINABILITY IN BUSINESS – Practice what you Preach.

“It is very important for Romania to monetize the Green Deal concept,” Corina Popescu explained. “In my opinion, Just Transition Fund offers many opportunities for Romania. Sustainability means green, digitization and sustainable business development. These three pillars must be monetized as well as possible by Romania. Romania has made major mistakes in the field of renewable energy, major mistakes on energy efficiency. From my perspective, Romania failed to capitalize on the advantages it had”.

The event was broadcasted live and you can watch the speech here.

In 2019, the Electrica Group achieved a consolidated net profit of 207 million RON, up 71.2% compared to the budgeted value for 2019, respectively 10.3% less than in 2018, based on the audited consolidated financial statements.

Electrica SA achieved an individual net profit of 258 million RON, up 31.9% from the budgeted value for 2019, respectively 13.5% lower compared to the level of 2018.

In 2019, the EBITDA realized by the Electrica Group amounted to RON 718 million, up 5.5% from the level of RON 681 million registered in the previous year. EBITDA growth was mainly generated by the distribution segment, which registered an increase of RON 74 million, respectively 13.9% over the previous year.

The total operating revenues of the Electrica Group, in 2019, amounted to 6.4 billion RON, representing an increase of 11.5% compared to 2018.