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Tuesday, March 19, 2019 
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Report according art. 82 Law 24/2017

Release Date: 7/2/2018 5:01:15 PM

IRIS Code: AE88D

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

            Financial Supervision Authority - General Directorate Supervision - Issuers Division


Current report as per the provisions of article 82 from Law 24/2017 and of article 144 from Regulation 5/2018 of ASF

Date of the report: 02 July 2018

Name of Issuer Company: CNTEE TRANSELECTRICA SA, company managed under 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 Telecommunication and Information Technology Co. in Electricity Transmission Networks TELETRANS SA.






TELETRANS SA – as provider;

Closing date and nature of the contract:

28.06.2018 - “maintenance of the Local Metering System in the Electric Substations of CNTEE Transelectrica SA”;


Estimated contractual value:


106,977,472 Lei, VAT free;


The provider commits to constitute the contractual performance bond representing 5% of the VAT free, which is 534,887.36 Lei;



For the guilty failure to carry out the contractual activities on the set terms the Provider will pay the Purchaser damages in quantum equal to the interest rate owed to the state budget for the failure to pay in due time budgetary liabilities applied to the non-achieved obligations or improperly achieved or delayed for each day of delay beginning with the one following the due date. Damages will be paid using a Purchaser-issued invoice, which the Provider will pay in maximum 30 days from its receipt date;

For the failure to pay in due time the contractual invoices the Purchaser owes the Provider the penalty interest to such amount, corresponding as percentage to the interest owed to the state budget for the failure to pay in due time budgetary liabilities for each day of delay beginning with the one following the due date of the liability until its payment (inclusive). Penalty interest rates will be paid using a distinct invoice issued by the Provider that the Purchaser will pay in maximum 30 days from its receipt;

Mutual liabilities:


Payment methods:

The Purchaser is obliged to make payments to the Provider within maximum 30 calendar days from the Purchaser’s receipt and registration of the invoice.

Bill payment can be made by bank transfer to the Provider account, or other payment under the laws in force, no later than 30 days from the date of registration bill Purchaser in compliance with contract terms.






Adrian – Constantin RUSU



Andreea – Georgiana FLOREA





Executive Director General

Directorate Chairman



Directorate Member




















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