Last week, Hidroelectrica also repaid a EUR110 million investment loan granted by the European Bank for Reconstruction and Development to rehabilitate Stejarul Bicaz hydropower plant.
Remus Borza, owner of Hidroelectrica’s legal administrator Euro Insol, stated that Hidroelectrica has paid back EUR330 million to financing banks so far, since it first went insolvent, in June 2012.
Thus, the company’s financial debts fell by 67%, from EUR841 million to EUR282 million, which will be paid by due dates, between April 2014 and September 2021, Borza added.