Tag: Hidroelectrica

OMV Petrom became fourth largest electricity producer in Romania – Romania, 30 June 2016

Romanian subsidiary of Austrian OMV Group, OMV Petrom is already the largest oil producer in Romania, but according to the latest report of National Energy Regulatory Authority (ANRE), the company became the fourth largest electricity producer in the country. Last year, OMV Petrom produced 3.46 TWh of electricity or about 5.7 % of Romanian total […]

Provisional Supervisory Board appointed at Hidroelectrica – Romania, 24 June 2016

Romanian Minister of Energy Victor Grigorescu announced that the provisional Supervisory Board has been appointed at electricity producer Hidroelectrica, adding that the majority of its members are independent. The appointment of this Supervisory Board is just temporary, until the Government approves the appointment of a Board under the 109 Emergency Ordinance. Full article available for […]

Hidroelectrica finally exits insolvency – Romania, 21 June 2016

On 21 June, the Bucharest Court decided on the closure of insolvency proceeding for the Romanian electricity producer Hidroelectrica. This was announced by the company’s judicial administrator Remus Borza, who added that the decision is not final, but is enforceable. He reminded that in 2012, when his company Euro Insol took over the management of […]