The system has several modules (financial-accounting, human resources, production, maintenance, retechnologization, trading, acquisitions) and will be installed in 290 centers countrywide.
The consortium formed of companies Information Business Consulting (leading firm), Electrica Soluziona, as partner, and Indra, as supporting third party, was designated winner of the auction and the contract will be signed Wednesday.
Hidroelectrica representatives said the implementation of the ERP system at Hidroelectrica is a big step in terms of the company’s planned listing on the stock market, as it will help increase its operational efficiency, optimize all processes and reduce costs, minimize the operational risk and integrate interdepartmental processes.
Hidroelectrica is 80% owned by the Romanian state, through the Ministry of Energy, while Fondul Proprietatea owns a 20% stake. The company has been insolvent since February 2014, for the second time in less than a year. Hidroelectrica went through insolvency procedures in June 2012 – June 2013.
Romania’s largest power producer entered insolvency in June 2012 after it sold electricity outside the energy exchange at prices below market levels. The company was court-ordered into a second insolvency process in February 2014, less than eight months after completing a one-year reorganization process.