Nita said Hidroelectrica has invested hundreds of millions of euros so far, to no avail, therefore, one must take some measures regarding the company’s ineffective investments.
The minister went on saying that Hidroelectrica spends around EUR80 million per year on water and the company has repeatedly complained about it.
“Hidroelectrica keeps complaining about high water costs, which is clearly a major issue. The company is still dragged down by things that happened in the past,” Nita concluded
Hidroelectrica pays EUR80 million/year on water to the Romanian Water Administration and an additional EUR40 million in taxes for special constructions.
Romania plans to sell 15% in Hidroelectrica, the largest electricity producer in the country, and the listing is due to take place in June.