10.30.2012

Romania’s insolvent energy producer Hidroelectrica attempt to sell electricity on the local energy exchange OPCOM was unsuccessful, as four of the six auctions held Tuesday were annulled on lack of more

10.23.2012

Romania’s insolvent energy producer Hidroelectrica plans to sell 1.7 terawatts of electricity on the local energy exchange OPCOM for a total of EUR82 million, according to OPCOM data. more

10.18.2012

The Bucharest Court of Appeals on Thursday rejected a request to annul insolvency proceedings at Romania’s top energy producer Hidroelectrica. more

10.06.2012

Romania’s insolvent hydropower producer Hidroelectrica will register losses of EUR100 million this year and its revenues will drop by about 800 million lei (EUR175 million), the company’s more

10.04.2012

Romania’s state-run hydropower company Hidroelectrica could complete its insolvency process by the end of December, sooner than initially estimated, the company’s legal administrator Euro Insol more

10.03.2012

Insolvency firm Euro Insol, the court-appointed administrator of Romanian hydropower producer Hidroelectrica, asked the company’s shareholders to approve the start of legal proceedings against three more

10.03.2012

Romania’s hydropower producer Hidroelectrica upgraded the Romanian sluice of power station Portile de Fier to streamline navigation on the Danube River, the company said in a press release more

10.02.2012

Romania's government plans to launch an initial public offering for a 10% stake in state-run hydropower producer Hidrolectrica within four months after the company exits insolvency. more

09.20.2012

Euro Insol, the court-appointed administrator of Romanian insolvent power producer Hidroelectrica, will assess the professional competence of the energy company’s employees in the next three months. more

09.14.2012

The creditors of Romanian insolvent Hidroelectrica on Friday confirmed insolvency firm Euro Insol as the legal administrator of the hydropower producer and set its fee at between EUR1 million and EUR3 more

09.10.2012

The legal administrator of Romanian insolvent company Hidroelectrica rejected all reparation claims filed by firms which signed direct energy delivery contracts with the hydropower producer. more

08.30.2012

Euro Insol, the administrator of Romanian state-owned power producer Hidroelectrica, has cancelled a contract for the purchase of energy from Electrocentrale Deva, which cost the insolvent company more

08.29.2012

Euro Insol, the administrator of Romanian state-owned power producer Hidroelectrica, has cancelled a contract for the purchase of energy from the Paroseni thermal plant, which cost the insolvent more

08.23.2012

Romanian insolvent power producer Hidrolectrica will not abandon its projects included in a EUR6.5 billion investment plan due for completion in 2025, but will prioritize its investments, the more

08.22.2012

Hydropower producer Hidroelectrica, which filed for insolvency on June 20, is not the only Romanian state-owned enterprise plagued by bad management, as many of the companies controlled by the more

08.21.2012

Romanian insolvent power producer Hidroelectrica on Tuesday said it will finalize the first hydropower production group within a more ample hydropower development project worth over EUR500 million, more

08.17.2012

Hidroelectrica was forced to invest 926 million lei (EUR206,696 million) in projects that use electricity as secondary alternative, which worsened its economic status, says a report on the causes of more

08.17.2012

Hidroelectrica's personnel structure is "oversized" and the salary fund is "clearly out of proportion" with the company's economic indicators, says a report on the causes of the insolvency of more

08.13.2012

The banks are winning hundreds of million euros from financing state-owned hydropower producer Hidroelectrica and any attack against the company is seen as an attack against the Romanian state, said more

08.13.2012

Romanian insolvent power producer Hidroelectrica will be able to gradually cut back deliveries on the regulated energy market starting with September 1, the company’s legal administrator Euro Insol more

08.13.2012

Romanian power producer Hidroelectrica cannot recover from insolvency this year, but more likely in June 2013, said Remus Borza, general manager of the state-owned company's legal administrator, Euro more

08.13.2012

Romanian aluminum smelter Alro Slatina (ALR.RO), the biggest electricity consumer on the local market, will buy electricity from state-owned hydropower producer Hidroelectrica at a price set according more

08.09.2012

Romanian aluminum smelter Alro Slatina (ALR.RO) will pay 70% more for the electricity bought from state-owned hydropower producer Hidroelectrica. more

08.08.2012

Romanian insolvent energy producer Hidroelectrica has received authorization in principle to cut back electricity deliveries through the regulated market while adjusting the sale prices to cover more

08.06.2012

Romanian insolvent hydropower producer Hidroelectrica will activate a force majeure on Tuesday, for the second time in less than a year, due to prolonged drought, which caused river flows to decrease, more