The company had a turnover of RON1.99 billion in the first half, 17% higher on the year, and its electricity output was 20% higher than in the first half of 2017.
Company shareholders will discuss a long-term development plan in September that includes a wider range of electricity production besides further development on the electricity supply market, said Bogdan Badea, chairman of the Hidroelectrica board.
“We need around 300 MW in wind power projects and around 100 MW in solar power,” he said.
Hidroelectrica is 80.06% owned by the Romanian state and investment fund Fondul Proprietatea owns the remaining 19.94%. The government had planned to float the company on the stock exchange but the company went insolvent and no action has been taken in view of listing since it exited insolvency in 2016.