HIDROELECTRICA
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EU Launches Inquiry Into Electricity Deals Between Hidroelectrica, ArcelorMittal Galati
The European Commission has started an official inquiry into possible preferential tariffs at Romanian state-run power company Hidrolectrica after preliminary findings revealed two of the co...
Hidroelectrica Risked Insolvency Anyway – Economy Minister
Romanian state-owned power producer Hidroelectrica would have entered insolvency for further liquidation in a halfyear period, even if the measure had not been enforced for further restructu...
Energy Trader Makes Four Times More Money Than Hidroelectrica
While the Romanian state’s most valuable asset, Hidroelectrica, is insolvent, companies that buy energy at below market prices and sell it on make significant profits, ending up with turnove...
Hidroelectrica To Renegotiate Contract With EFT On Friday, Alro And Alpiq Next Week
The administrators of Romanian state-owned power producer Hidroelectrica, which is insolvent, will renegotiate the company's direct energy sale contract with EFT on Friday, and then with Alr...
Report On Causes Of Insolvency For Hidroelectrica To Be Unveiled In July
Romanian hydropower producer Hidroelectrica’ filing for insolvency was a "shocking” and “historical” decision and a report on what caused the company to end up in this situation will be pres...
Hidroelectrica Terminates Electricity Sale Contract With Euro-P.E.C.
Euro Insol, the legal administrator of Romanian hydropower producer Hidroelectrica, on Tuesday will terminate the electricity sale contract signed with Galati-based firm Euro-P.E.C, which ha...
Hidroelectrica To Register Negative Cash Flow In 2012
Romanian state-owned hydropower producer Hidroelectrica, that entered insolvency last week, forecasts a negative cash flow of 1.4 billion lei (EUR310 million) for the whole of 2012, accordin...
Hidroelectrica Will Pay Loan Instalments - Legal Administrator
Romanian hydropower producer Hidroelectrica can pay its debts towards the banks, although the state-owned company has started insolvency proceedings, the company's legal administrator told M...
Moody’s: Hidroelectrica Insolvency Filing Credit Negative For Romania
Romanian Hidrolectrica’s unexpected insolvency is creating negative pressure on sovereign credit ratings because the government might have to cover at least part of the debt owed by the stat...