“It would be a blessing for Hidroelectrica to remain under insolvency for two-three more years, as no political interference would exist and the smart guys would not conclude other deals.”
Commenting on Hidroelectrica’s prices, Borza added that Hidroelectrica could easier adjust to the market conditions compared to other companies in the energy sector.
“The market regulates and puts pressure on any producer. Should one enforce prices over the market average, it produces on stock and goes bankrupt. Hidroelectrica has both a reaction and an adaptability others don’t have. We have 20 electricity packages on OPCOM on March 4 and 5 and could go very low with the price,” added Borza.
Also, Hidroelectrica switched to a record-high profit in January, at EUR11 million, and forecasts RON434 million profit in 2013, after reporting losses in the summer of 2012, said Borza.