06.20.2012

Remus Vulpescu, the lawyer appointed by Prime Minister Victor Ponta to run Hidroelectrica, the largest state-owned company, says the decision to file for insolvency was made on Friday, after the more

06.19.2012

The insolvency of Hidroelectrica, Romania's largest power producer, will not end in the company's bankruptcy but its reorganization, which will last 16-18 months and will not entail the sale of any more

06.19.2012

The start of insolvency proceedings at Hidroelectrica would reduce by 21% the net asset value of investment fund Fondul Proprietatea (FP.RO), which holds 20% in the Romanian hydropower producer, the more

06.19.2012

The Managing Board of Hidroelectrica decided to request the start of insolvency proceedings as the Romanian hydropower producer registered lower sales and rising debts, the company said in a press more

06.18.2012

Although Romanian hydropower producer Hidroelectrica has requested the start of insolvency proceedings, two of the five members of the company's board say they did not attend the meeting where this more

06.18.2012

Romanian hydropower producer Hidroelectrica asked the Bucharest court for the start of the insolvency proceedings, and a first hearing was scheduled for Wednesday. more

06.08.2012

Romania’s Government has set up a committee tasked with evaluating the economic and financial status of state-run hydropower generator Hidroelectrica. more

06.06.2012

Dragos Zachia, chief executive officer of Romanian hydropower producer Hidroelectrica, will be replaced by Stefan Gheorghe, a former executive in the CEZ Romania group. more

05.30.2012

Romanian state-run hydropower generator Hidroelectrica Wednesday revised down its 2011 net profit to 6.4 million lei (EUR1.4 million), from RON15.7 million previously, as a prolonged draught and more

05.28.2012

Drought has continued to negatively impact the turnover of Hidroelectrica, Romania’s largest energy producer, as the electricity generated by the company in the first quarter of the year was almost more

05.17.2012

Romanian state-owned energy producer Nuclearelectrica Thursday cancelled an auction to select a broker for its planned 10% initial public offering on the Bucharest Stock Exchange, saying the more

05.09.2012

The “wise guys” that signed preferential contracts with hydropower producer Hidroelectrica may be fined and might have to refund the money they obtained if the investigation launched by the more

05.06.2012

Romania will appoint private managers to run state-owned companies by October and the first companies targeted are hydropower generator Hidroelectrica and natural gas transporter Transgaz (TGN.RO), more

04.25.2012

Steel giant ArcelorMittal Wednesday said its contracts signed with Romania’s power producer Hidrolectrica under which it bought energy at below-market prices do not constitute state aid. more

04.25.2012

The European Commission has opened five distinct in-depth investigations to assess whether the Romanian state-controlled hydropower producer Hidroelectrica S.A. purchased or sold electricity at more

04.24.2012

Romanian state-run hydropower generator Hidrolectrica will deactivate a force majeure on energy deliveries May 1, the Economy Ministry said in a statement Tuesday. more

04.24.2012

Romania’s state-run hydropower generator Hidroelectrica is covering over 40% of the national energy production, despite operating at half capacity, according to data from the power grid operator more

04.20.2012

Romanian state-run hydropower producer Hidroelectrica will likely terminate most of its controversial underpriced corporate supply contracts signed in the early 2000s, people familiar with the matter more

04.17.2012

Hidroelectrica, Romania’s largest energy producer budgeted 42.4 million (EUR9.7 million) net profit for this year, a five-fold increase on the profit of 2011, a really hard time for the company more

04.11.2012

Negotiations for the reevaluation of bilateral contracts concluded by state-owned power producer Hidroelectrica are nearing completion, and the result will be announced “soon after Easter”, more

04.02.2012

Romanian Economy Ministry has selected a consortium comprising BRD, Citigroup, Societe Generale and Intercapital Invest to broker the sale of a 10% stake in state-run hydropower generator more

03.26.2012

Moody's Investors Service Monday said it has changed to negative from stable the outlook on the Ba1 long-term corporate family rating of Romanian hydropower generator Hidroelectrica S.A., warning of more

03.20.2012

Authorities will terminate the bilateral contracts concluded by Romanian state-owned hydropower producer Hidroelectrica with the so-called “wise guys”, if the energy buyers refuse new terms, more

03.16.2012

State-owned hydropower producer Hidroelectrica started a new round of renegotiations Friday, to amend its bilateral electricity sale contracts, with a plan to conclude the process by the end of March, more

03.13.2012

In 2001, the newly incorporated Hidroelectrica, the cheapest electricity producer created by the reorganization of the Romanian energy system, signed its first direct contract to sell power, as well more