In the first ten months, the company, which is currently undergoing insolvency proceedings, registered a profit of RON943 million, up 23.6% on the year. In October alone, Hidroelectrica posted its biggest monthly profit ever, at RON124 million, the power producer said.
In January to October, the energy production reached 15.5 terawatt-hours, and Hidroelectrica estimates the full-year output at 17.5 TWh.
”The exceptional financial result recorded so far creates the premises for a historic profit of RON1.1 billion for this year, up 22% from last year’s result, and three times higher the profit from 2010, when Hidroelectrica registered the largest ever electricity production, of 20TWh,” the statement reads.
Hidroelectrica, which is in insolvency since February, has an installed capacity of 6,400 MW and covers around 30% of Romania’s electricity consumption.