The deficit for the entire 2012 will result from a RON774 million deficit in the first half of the year, and of RON612 million in the second semester.
This would be the third year in a row when Hidroelectrica reports negative cash flow. In 2011, the company’s deficit was at RON659.2 million, double from RON309.3 million a year before.
Hidroelectrica has RON1.1 billion short-term debts, RON1.1 billion in other commercial debts, while long-term debts are at RON1.5 billion, according to the Economy Ministry, the main shareholder of the company.