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Simtel Team becomes a supplier, establishes a new company – GES Furnizare

12 January 2024
General Interest
Bogdan Tudorache

Simtel Team announces that it has established an electricity trading company, GES Furnizare, according to a report submitted to the Bucharest Stock Exchange (BVB). The company needs a supply license to conclude the first contracts with beneficiaries for the energy generated by solar parks. For 2023, the company estimated that it will commission photovoltaic power plants with an installed capacity of about 80 MWp, almost double compared to the 45 MWp installed in 2022.

“Management of Simtel Team S.A. informs investors about the fact that on 10.01.2024, GES Furnizare SRL, an entity in which the Company holds a 62% stake, obtained a valid energy supply license from the National Energy Regulatory Authority (ANRE) until 10.01.2029”, the report states.

“Following the granting of the license by ANRE, GES Furnizare SRL will be able to conclude the first contracts with the beneficiaries, the existence of an energy supply license being a prerequisite for signing such contracts. By obtaining the energy supplier’s license, the Company strengthens its position as a market leader, offering its customers a complete package of integrated products and services.”

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.

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