“Hidroelectrica reported a loss of RON170 million in 2012,” said Remus Borza, general manager of Euro Insol.
Romania’s leading energy producer has filed for insolvency in June last year and is currently undergoing reorganization. According to Borza, the company could complete its reorganization process this June.
Hidroelectrica expects electricity output will reach 13 terawatt-hours in 2013, up from 11.8 TWh in the previous year.
Revenues are estimated to increase to RON2.7 billion, from RON2.3 billion in 2012.
The company is owned by the state, through the Economy Ministry. (EUR1=RON4.3351)