HIDROELECTRICA
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Hidroelectrica Resumes Electricity Auctions, Forgoes Down Payment
Romania’s insolvent power producer Hidroelectrica has rescheduled for November 14-20 a series of electricity auctions in a bid to raise 391 million lei (EUR86.7 million), while renouncing a...
Ponta Says Hidroelectrica Will Exit Insolvency By Yearend
Romanian state-run hydropower producer Hidroelectrica will complete its insolvency process by the end of the year, Prime Minister Victor Ponta said Thursday.
Hidroelectrica Sells RON25M Worth Of Electricity, Below Target
Romania’s insolvent power company Hidroelectrica has raised just 24.8 million lei (EUR5.4 million) at its electricity auctions this week, well below target, after it was forced to cancel a b...
Hidroelectrica Cancels Electricity Auctions Over Lack Of Bids
Romania’s insolvent energy producer Hidroelectrica has cancelled over a dozen auctions to sell electricity on the OPCOM exchange market Tuesday and Wednesday, due to lack of interest.
Hidroelectrica’s Attempt To Sell Electricity On OPCOM Market Was Unattractive
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...
Hidroelectrica Mulls Selling EUR82M Worth Of Electricity
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.
Bucharest Court Rejects Appeal Against Hidroelectrica Insolvency
The Bucharest Court of Appeals on Thursday rejected a request to annul insolvency proceedings at Romania’s top energy producer Hidroelectrica.
Hidroelectrica Will Register Losses Of EUR100M In 2012 Due To Severe Drought - Administrator
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 co...
Hidrolectrica May Complete Insolvency Procedure By Dec 31 - Administrator
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 In...