In 2012, the state-run company generated 11.8 TWh of electricity.
Hidroelectrica, which recently reentered insolvency proceedings, has already found buyers for 94% of the output forecast for 2014, said Remus Borza, owner of Hidroelectrica’s judicial administrator Euro Insol.
Borza said the company posted a record net profit of 910 million lei (EUR201 million) in 2013, versus losses a year earlier.
Hidrolectrica has 80.06% of its shares held by the Energy Department, while investment fund Fondul Proprietatea owns a 19.94% stake.
The company was placed under insolvency in late February, after the Bucharest Appellate Court cancelled a previous decision allowing Hidroelectrica to complete a 12-month reorganization process started in June 2012. (EUR1=RON4.5102)