Hidroelectrica’s new IT and communications manager, Yugo Neumorni, was the IT manager of Vimetco starting 2004, where he was in charge of operations in Europa, Sierra Leone, Ghana and China.
Vimetco is a Russian group registered in the Netherlands.
Alro, Romania’s largest electricity consumer, is one of the companies that had direct acquisition contracts with Hidroelectrica at underrated prices. Judicial administrator Euro Insol showed Hidroelectrica entered insolvency because of such under-priced contracts.