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Nuclearelectrica sells EUR 78 mln of electricity to Engie

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Romanian state-controlled nuclear power company Nuclearelectrica (SNN) concluded a contract worth RON 383 million (EUR 78 mln) with gas and electricity supplier Engie Romania. The contract covers energy sales between April 1-30, according to a statement sent to investors.

 

The contract's value accounts for over 15% of Nuclearelectrica's turnover last year.

Nuclearelectrica carried out the transaction on the Centralized Market with Continuous Double Negotiation of bilateral contracts (PC-OTC), managed by the market operator OPCOM.The Romanian nuclear energy producer reported total revenues of RON 2.44 bln (EUR 513 mln) last year, up 2.86%, and a net profit of RON 684 mln (EUR 144 mln), 27.8% higher than in 2019. The company has a market capitalization of RON 7.9 bln (EUR 1.62 bln).

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