12.30.2014

Romania's largest electricity generation company Hidroelectrica might go public in the first half of 2015, after having had to postpone its initial public offering scheduled for June 2014 due to the more

12.12.2014

Romania’s largest electricity producer is in talks to buy some hydropower plants in the neighboring countries, Remus Borza, the court-appointed trustee of the insolvent company, announced on more

12.11.2014

Hidroelectrica and Complexul Energetic Oltenia, Romania’s largest energy producers, are preparing to be floated on the stock market. However, the two companies, which supply half of the country’s more

11.12.2014

Romanian state-owned hydropower producer Hidroelectrica estimates a record high profit for 2014, at around 1.1 billion lei (almost EUR250 million), the company said in a statement Wednesday. more

10.15.2014

Romanian energy producer Hidroelectrica, the country’s biggest, in the first nine months of this year generated gross profit worth 817 million lei (EUR185 million), up 20% from the year earlier more

09.29.2014

Swiss energy company EFT, part of British group EFT, has sued Romanian power producer Hidroelectrica at the Court of Arbitration in Bern, Switzerland, claiming EUR80 million from the Romanian more

09.15.2014

Romanian insolvent power producer Hidroelectrica posted a gross profit of 719 million lei (EUR162.7 million) in the first eight months of 2014, up 12% on the year, due to 14.5% higher electricity more

08.25.2014

Euro Insol company, judicial administrator for Romania's insolvent power producer Hidroelectrica, replaced the managers of four Hidroelectrica units following “management flaws”. more

08.18.2014

Romanian insolvent power producer Hidroelectrica posted a pretax profit of 600 million lei (EUR135.2 million) in the first seven months of 2014 and expects record earnings of over RON1 billion for the more

08.17.2014

Romania’s insolvent state-run hydropower generator Hidroelectrica on Thursday sold just RON1.76 million worth of electricity on the local power exchange OPCOM, out of a planned RON161 million. more

08.07.2014

Romanian state-run hydropower producer Hidroelectrica plans to open two offices abroad, in Hungary and Yugoslavia, the company’s legal administrator Euro Insol said Thursday. more

08.04.2014

Romanian insolvent power producer Hidroelectrica closed at the end of July the fifth credit line over the last five months, namely, a loan of EUR30 million contracted from RBS Bank in 2008. more

07.21.2014

Romanian state-owned electricity producer Hidroelectrica, under insolvency, posted a gross profit of RON509 million in the first half of 2014, 5.8% higher than the RON481 million in the same period more

07.21.2014

Hidroelectrica, Romania’s largest energy producer which went insolvent for the second time in early 2014, ended the first half of 2014 with gross profit of 509 million lei (EUR115.6 million), a more

07.14.2014

The legal administrator of Romania’s state-run hydropower company Hidroelectrica named Viorel Cerchez as acquisition and logistics manager of the company, after he had previously served on the same more

07.01.2014

Romanian insolvent power producer Hidroelectrica has closed a EUR75 million credit line granted by Citibank International in 2009 and plans to pay back loans of EUR39 million by the end of the year. more

06.26.2014

Romanian insolvent hydropower generator Hidroelectrica on Thursday said it plans to sell 27 micro power plants in September, in an open outcry auction. more

06.25.2014

Ovidiu Agliceru has taken over as general manager of Romania’s insolvent state-run hydropower generator Hidroelectrica starting Monday, June 23. more

06.18.2014

Deprived of access to hydropower at preferential prices and exposed to a falling demand, Romania’s ten largest private energy traders ended last year with revenue of around EUR1.1 billion, down 20% more

06.04.2014

The debts of Romania’s state-run hydropower company Hidroelectrica fell 64%, to RON1.54 billion, from RON4.33 billion in June 2012, when it first went insolvent. more

06.03.2014

Energy Minister Razvan Nicolescu asked Remus Borza, Euro Insol legal administrator, to give back the EUR2.2 million received for managing Romania’s state-run hydropower company Hidroelectrica during more

06.02.2014

Romania’s insolvent state-run hydropower generator Hidroelectrica will launch an international auction for technological upgrades at the Stejaru hydropower plant in Neamt county (northeastern more

05.28.2014

Romania’s state-run hydropower company Hidroelectrica will likely complete its second insolvency process in May or June next year, the company’s legal administrator Euro Insol said Wednesday. more

05.12.2014

Romania’s insolvent energy producer Hidroelectrica on Friday sold electricity worth 81 million lei (EUR18.5 million) on the local power exchange OPCOM, the power company said in a statement. more

05.12.2014

Marius Adrian Chiriac, former energy acquisition and sales manager with Enel Energie and Enel Energie Muntenia, was named head of energy trading and distribution department of Romania's insolvent more