HIDROELECTRICA
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Franks, IMF: “Wise Guys” That Refuse To Renegotiate Energy Contracts Risk Higher Losses
The “wise guys” that signed preferential contracts with hydropower producer Hidroelectrica may be fined and might have to refund the money they obtained if the investigation launched by the...
ArcelorMittal, Alro Say No State Aid Under Hidrolectrica Energy Deals
Steel giant ArcelorMittal Wednesday said its contracts signed with Romania’s power producer Hidrolectrica under which it bought energy at below-market prices do not constitute state aid.
EU Launches In-Depth Probe Into Preferential Tariffs At Hidrolectrica
The European Commission has opened five distinct in-depth investigations to assess whether the Romanian state-controlled hydropower producer Hidroelectrica S.A. purchased or sold electricity...
Hidrolectrica To Lift Force Majeure On Power Deliveries May 1
Romanian state-run hydropower generator Hidrolectrica will deactivate a force majeure on energy deliveries May 1, the Economy Ministry said in a statement Tuesday.
Drought-Hit Hidroelectrica Supplies Over 40% Of Romania Power Output
Romania’s state-run hydropower generator Hidroelectrica is covering over 40% of the national energy production, despite operating at half capacity, according to data from the power grid oper...
Hidroelectrica To Cancel Large Batch Of Underpriced Deals Next Week - Sources
Romanian state-run hydropower producer Hidroelectrica will likely terminate most of its controversial underpriced corporate supply contracts signed in the early 2000s, people familiar with t...
Hidroelectrica Tries To Woo Investors With Less Than EUR10M Profit Ahead Of Listing
Hidroelectrica, Romania’s largest energy producer budgeted 42.4 million (EUR9.7 million) net profit for this year, a five-fold increase on the profit of 2011, a really hard time for the comp...
“Wise Guy” Deal Renegotiations Near Completion – Government Spokesman
Negotiations for the reevaluation of bilateral contracts concluded by state-owned power producer Hidroelectrica are nearing completion, and the result will be announced “soon after Easter”,...
BRD-Led Consortium To Broker Hidrolectrica’s IPO
Romanian Economy Ministry has selected a consortium comprising BRD, Citigroup, Societe Generale and Intercapital Invest to broker the sale of a 10% stake in state-run hydropower generator Hi...