Electricity supplier and distributor Electrica approved during the Extraordinary General Meeting of Shareholders the investment plan at group level for the financial year 2015 amounting to 859.68 million lei.

Also, in the General Meeting of Shareholders was presented the strategic plan of the Board of Electrica for the period 2015-2018, “the priority objectives being to increase long-term value for shareholders and to improve the quality of services provided to the end consumer”, according to a company statement.

The shareholders also approved the general limits on the remuneration of directors with management contract at Electrica, and of other members of the staff.

“The general limits proposed are in line with the average earnings in similar companies in the energy sector in Romania”, said Electrica representatives.

On the other hand, the shareholders have not approved the consultants’ proposal for remuneration of Electrica Board members, in line with best practices, requesting postponement of discussions for the next General Meeting.

Electrica is a leading distribution and supplier of electricity in Romania. The company serves approximately 3.5 million customers through distribution subsidiaries – Transilvania Nord, Transilvania Sud and Muntenia Nord – Electrica Supply Branch and through six energy services companies with activities at national level.

Source

Mediafax