Tag: Hidroelectrica

HPP Vidraru revitalization – Romania, 30 May 2016

Romanian electricity producer Hidroelectrica announced that it will performed the revitalization of one of the largest hydropower plants in Romania – HPP Vidraru for the first time in its operational life. HPP Vidraru was commissioned in 1964 and has installed capacity of 220 MW. The revitalization project envisages the modernization of the turbines and refurbishment […]

Hidroelectrica repaid all of its short-term debts – Romania, 17 May 2016

According to the latest report from Euro Insol, judicial administrator of Romanian insolvent electricity producer Hidroelectrica, the company has paid all its short-term debts and have started to make profit from the interest. At the end of March, Hidroelectrica has paid in full its short-term financial debt, which amounted to over 180 million euros at […]

State and Fondul Proprietatea renewed agreement on Hidroelectrica’s IPO – Romania, 6 May 2016

Shareholders in Romanian electricity producer Hidroelectrica, Romanian state and private investment fund Fondul Proprietatea have signed an agreement with Raiffeisen Bank and Morgan Stanley which establishes the resumption of the obligation under the Engagement Letter for Hidroelectrica’s initial public offering (IPO). The Engagement Letter was signed in February 2014 and it appointed Raiffeisen Bank and […]