The extensive drought in 2012 will cut Hidroelectrica’s energy production to a record low of some 12 TWh, said Euro Insol.
Hidroelectrica activated force majeure two times this year, between October 2011 and April 2012 and in August-November. During force majeure, the company reduced power deliveries to clients.
Hidroelectrica, which filed for insolvency in June this year, is controlled by the Economy Ministry.