“In January 2015, Hidroelectrica produced and delivered 1,590 GWh, 36% more than in January 2014 and 66% more than in January 2013. Production growth drove the turnover up 42%, to RON322 million, as the company implemented a competitive and transparent sales strategy,” said Remus Borza, the company’s judicial administrator.
Hidroelectrica is owned by the Romanian state, through the Ministry of Energy. The company has been insolvent since February 2014, for the second time in less than a year. Hidroelectrica went through insolvency procedures in June 2012 – June 2013.