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

05.08.2014

Remus Borza, head of Euro Insol, judicial administrator for Romania's insolvent power producer Hidroelectrica, replaced several managers of Hidroelectrica branches in Bistrita and Portile de Fier, more

05.05.2014

Euro Insol, legal administrator for Romania's state-run hydropower producer Hidroelectrica, has appointed two new directors at the company starting May 5. more

04.29.2014

Romanian state-run hydropower producer Hidroelectrica has scheduled investments worth 377 million lei (EUR85 million) for this year, mainly in upgrade works and “historical” projects, the more

04.28.2014

State-run hydropower producer Hidroelectrica’s planned offering of a 15% stake in Bucharest will likely take place next year, once the company completes an insolvency process, according to estimates more

04.28.2014

Euro Insol, legal administrator for Romania's insolvent power producer Hidroelectrica, has hired Stefan Frangulea, former director within local lender BCR, to coordinate the sale of Hidroelectrica’s more

04.23.2014

The supervisory board of Hidroelectrica, Romania’s largest energy producer that entered insolvency for the second time on February 25, has been dissolved, and none of the members appointed in early more

04.18.2014

Romania’s largest electricity generation company, Hidroelectrica, signed a EUR44,000 deal this February to have the feasibility study on the Tarnita-Lapusesti hydropower plant, a EUR1 billion more

04.14.2014

Remus Borza, head of Euro Insol, judicial administrator for Romania's insolvent power producer Hidroelectrica has appointed an IT manager for Hidroelectrica recruited from Russian group Vimetco, the more