Hunedoara Court retried the insolvency request after the insolvency file was resent to the court by Alba Iulia Court of Appeals.
On January 7, Hunedoara Court admitted the insolvency request filed by Complexul Energetic Hunedoara and appointed GMC SPRL Craiova as judicial administrator.
On December 28, 2015, CE Hunedoara Board of Directors decided to file for voluntary insolvency of the company, in an attempt to avoid bankruptcy. At that time, CE Hunedoara’s debts totaled RON1.2 billion.
CE Hunedoara holds approximately 5% of Romania’s electricity production and employs 6,257 people.
The company was set up in 2012, through the merger of state-owned thermal power producers Deva and Paroseni, and produces electricity using coal.