Hidroelectrica, which was placed under insolvency by court order in February, will cover RON300 million from its own resources and take out loans for the remaining sum.
Hidroelectrica is 80.05%-owned by the state, while investment fund Fondul Proprietatea (FP.RO) holds a 19.95% stake.
The company reported a 9.6% increase in its sales to RON434 million in January-February. (EUR1=RON4.4403)