“Hidroelectrica sold 71.2 GWh of electricity to Fidelis Energy, to be delivered from March 26, 2014 to March 21, 2015. The contract value is RON13.45 million and the price per unit is RON188.95/MWh,” Hidroelectrica said in a press release Wednesday.
Hidroelectrica posted a record profit of RON910 million in 2013, from a loss of RON170 million in 2012.
The company re-entered insolvency in February this year, after going through insolvency between June 2010 and June 2013.
Hidroelectrica has an installed production capacity of 6,400 MW, about one third of Romania’s total electricity production and covers around 30% of the country’s electricity needs.