Tag: Hidroelectrica

Hidroelectrica will not be listed in 2017 – Romania, 9 May 2017

President of the Supervisory Board of Romanian electricity producer Hidroelectrica Andreea Lambru said that the Ministry of Energy is preparing to change the procedure of listing the most valuable state-owned company, as the Government wants all the money from the company’s initial public offering (IPO) to go to the state budget instead of the company’s […]

Energy Holding filed for insolvency – Romania, 9 May 2017

Energy Holding, which used to be one of the largest energy traders in the Romania, has filed for insolvency. The company asked for protection against creditors after having lost a lawsuit against the electricity producer Hidroelectrica in January. Energy Holding sued Hidroelectrica for 250 million euros in damages after the electricity producer canceled its contracts […]

Hidroelectrica posted record profit in the first quarter of 2017 – Romania, 5 May 2017

General Manager of Romanian electricity producer Hidroelectrica, Ovidiu Agliceru said that the company has recorded a net profit in the amount of some 106 million euros in the first quarter of 2017, the largest in the company’s history. Agliceru said that the result is far better than in the first three months of 2016 and […]