Company manager Cosmin Chiuzan said the energy holding was notified of the fine last week.
“The fine is RON740 million, we received a notification. It burdens us very much and we plan to contest it,” he said.
In June, CE Hunedoara was fined RON14 million for failure to acquire green certificates.
Last year, the company was fined over RON538 million for not acquiring certificates in a timely manner.
The energy holding went insolvent again on June 23. The company is the biggest employer in Hunedoara county, with around 6,200 employees. Before the most recent fine, the company had debts of RON1.6 billion.