Speaking at an energy seminar, Remus Borza said the money will be used to upgrade the company’s units Vidraru, Stejaru, Mariselu and Raul Mare.
Borza declined to name the bank which could extend the credit line, but said it was one of the third largest banks in Europe.
Hidrolectrica is 80%-owned by the Economy Ministry, while investment fund Fondul Proprietatea (FP.RO) holds the remaining shares. The ministry plans to sell a 15% interest in Hidroelectrica in 2014.