Tag: Hidroelectrica

Hidroelectrica is the most profitable Romanian energy company – Romania, 17 August 2016

Romanian electricity producer Hidroelectrica, which exited insolvency this June after two years, achieved a record gross profit of 167.5 million euros in the first half of 2016, which is 4 % more than in the same period last year. Remus Borza, the owner of Euro Insol, the company that managed Hidroelectrica during insolvency, said that […]

HPP Iron Gates II revitalized at exaggerated price – Romania, 13 July 2016

The head of insolvency company Euro Insol and current manager of the Romanian electricity producer Hidroelectrica Remus Borza said that HPP Iron Gates II (Djerdap) was revitalized at a price 12 times higher than HPP Lotru-Ciunget. Borza said that the authorities are currently investigating two contracts worth over 500 million euros which started 15 years […]

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 […]