It said the company’s revenues dropped 8.7% in 2020, to RON3.9 billion.
Hidroelectrica sold 14.58 Twh of its own electricity production, 1.3% less than in 2019, while total electricity sales grew a slight 0.7%, to 15.96 Twh.
An initial public offering of a minority stake in Romanian state-owned hydropower producer Hidroelectrica could take place towards the end of 2021 in the best case scenario, after the government scrapped a bill that froze the sale of state assets for a period of two years.
Before the coronavirus pandemic, Romania planned to list around 20% of Hidroelectrica in 2020.
The company is 80% owned by the Romanian state and 20% by Fondul Proprietatea.