If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Sunday, March 25, 2018 
Market Status: CLOSE
About us and Governance Investor Relations Contact
Advanced search

Market News


Report according art. 82 Law 24/2017

Release Date: 2/20/2018 2:20:05 PM

IRIS Code: 0AD1E

To the: Bucharest Stock Exchange – Department of Operations Issuers Regulated Markets

            Financial Supervision Authority - General Directorate Supervision - Issuers Division


Current report according to the provisions of article 82 from Law 24/2017

Date of the report: 20 February 2018

Name of Issuer Company: CNTEE TRANSELECTRICA SA, company managed in two-tier system

Headquarters: Bucharest 1, Blvd. Magheru no. 33

Working location: Bucharest 3, Str. Olteni no. 2-4

Phone / fax numbers: 4021 3035 611 / 4021 3035 610

Single registration code: 13328043

LEI Code: 254900OLXCOUQC90M036

Number in the Commercial Register: J40/8060/2000

Share capital subscribed and paid: 733,031,420 Lei

Regulated market where the issued securities are transacted: Bucharest Stock Exchange





Event to report


The National Power Grid Company Transelectrica SA informs the shareholders and investors about its signing a contract amounting to more than 50,000 Euro with the Company for Telecommunications and Information Technology Services in Electricity Transmission Networks TELETRANS SA.



C 48 / 16.02.2018;



TELETRANS SA – as provider;

Contractual object:

Maintenance of the Tele-metering system of the wholesale electricity market


Contractual value:

4,296,390 Lei, VAT free


The performance bond will be constitute by successive withholding from the payment owed for the partial invoices associated to the services provided in the previous month (no VAT), up to the concurrence of 429,639 Lei representing 10% of the VAT free total contractual value;



For the guilty failure to carry out the contractual activities on the agreed terms the Provider will pay damages to the Purchaser in quantum equal to the interest owed for the failure to pay liabilities to the state budget in due time applied to the Contractual value for each day of delay beginning with the day following the due date of such liability. The damages will be paid using an invoice issued by the Purchaser, which the Provider will pay in maximum 30 days from its receipt date;

For the failure to pay invoices upon contractual terms the Purchaser owes to the Provider penalty interest to such sum, corresponding as percentage to the interest owed for the failure to pay the liabilities to the state budget in due time applied for each day of delay beginning with the day after the due date of such liability until its payment day (inclusive). The penalty interest will be paid using a distinct invoice issued by the Provider, which the Purchaser will pay in maximum 30 days from its receipt date;


Mutual liabilities:

The Provider can assign according to legal terms only the assignment rights ensuing from the Contract, with the written agreement of the Purchaser, and the ensued obligations remain on behalf the Parties as initially stipulated and assumed;

Terms of payment:

The Purchaser commits to pay the price of the work based on the Provider’s invoice, which should specify the provided services, the quantity, the unit price and the total amount, within 30 days from the invoice registration date with the Purchaser, provided the contractual clauses have been complied with by the Provider.





Georgeta - Corina POPESCU



Florin–Cristian TATARU

Executive Director General

Directorate Chairwoman



Directorate Member








Information provided by IRIS, the news platform of the Bucharest Stock Exchange.


Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2016 Bucharest Stock Exchange. All rights reserved