Tag: debt

CET Govora entered insolvency – Romania, 10 May 2016

According to a decision made by the Ramnicu Valcea Court, the largest electricity producer in Valcea County CET Govora has entered insolvency. The company will be managed by judicial administrator Euro Insol, which is already administering electricity producer Hidroelectrica. CET Govora is the second largest company in Valcea County. According to the press release by […]

CET Govora filed for insolvency – Romania, 5 May 2016

The largest electricity producer in Valcea County, CET Govora has filed for insolvency in court. Electricity and thermal energy producer (CET) Govora is supplying district heating to several cities in South-central Romania. The company has outstanding debt of some 200 million euros to Energy Compex (EC) Oltenia for the coal delivered until July 2014. On […]