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

07.26.2012

Electricity suppliers EFT Romania and EFT AG (Switzerland) have sued firm Euro Insol, the legal administrator of insolvent Hidroelectrica, for terminating the direct energy sale contracts the more

07.25.2012

Romanian Prime Minister Victor Ponta said Wednesday that state-owned power producer Hidroelectrica has cancelled all bilateral deals, but people close to the matter told MEDIAFAX that the company has more

07.24.2012

Euro Insol, the administrator of Romanian insolvent power producer Hidroelectrica, announced Tuesday that the company has terminated a deal with Energy Holding, responsible for losses of 1.4 billion more

07.24.2012

Swiss electricity supplier Alpiq said it will review its business in Romania after state-owned hydropower producer Hidroelectrica terminated the direct sale energy deals signed with its local more

07.24.2012

The problems that disrupted the functioning of Romanian insolvent hydropower producer Hidroelectrica will be removed and the company will get back to normal by this fall, Prime Minister Victor Ponta more

07.24.2012

Romania insolvent state-owned energy producer Hidroelectrica and Energy Holding have agreed Monday on the price of the contract, but Hidroelectrica’s representative also aim to cut the duration of more

07.20.2012

Romanian Economy Minister Daniel Chitoiu Friday said insolvent power producer Hidrolectrica terminated two more bilateral electricity deals concluded with Alpiq RomIndustries and Alpiq RomEnergie, more

07.19.2012

Romanian Economy Minister Daniel Chitoiu on Thursday ensured the country’s Supreme Defense Body that no asset belonging to insolvent hydropower producer Hidroelectrica will be sold otherwise than as more

07.19.2012

Romania’s insolvent energy producer Hidroelectrica has sold 24,480 megawatts of electricity on the local energy exchange OPCOM for a total of 6.2 million lei (EUR1.3 million), the company said in a more

07.19.2012

Romania’s Supreme Defense Council assembles Thursday to discuss the suicide bomber attack that occurred Wednesday on a Bulgarian airport and the legal situation of insolvent state-owned electricity more

07.16.2012

Energy Holding, one of the most profitable private energy traders, ended 2011 in the red, after having made hefty profits from selling the cheap electricity it got from state-owned hydropower producer more

07.12.2012

ArcelorMittal Galati, a unit of steel giant ArcelorMittal, Thursday said its electricity contracts with Romanian state-run hydropower generator Hidroelectrica comply with the local legislation, more

07.11.2012

The administrators of Romanian state-owned power producer Hidroelectrica and aluminum producer Alro Slatina (ALR.RO) on Tuesday failed to reach an agreement regarding a direct energy sale contract the more

07.11.2012

Romania’s largest insolvency, that of energy producer Hidroelectrica, is proving an increasingly tough mission, since the company could again use the force majeure clause because of the drought. more