Romanian private power supplier Tinmar Ind expects 25% turnover rise in 2014

Tinmar Ind, the largest private power supplier in Romania, expects a turnover of RON 2.1 billion (or some EUR 484 million) in 2014, a year-on-year increase of 25 percent, according to the data provided by the company, quoted by local daily Zf.ro. Also, the company estimates a net profit of RON 90 million (around EUR 20 million) next year, up 12.5 percent compared to 2013. This year, the company delivered a total of 2.1 TWh of electricity. Tinmar Ind also owns solar parks in Romania, the company’s investments in this sector amounting to EUR 80 million. Tinmar Ind was founded in 2001 in Bucharest and is owned by Romanian businessman Augustin Oancea. Last year, the company had almost 60 employees. Irina Popescu, irina.popescu@romania-insider.com