The measure is included in a memorandum discussed by the Government Wednesday.
UCM Resita is Hidroelectrica’s main supplier of hydropower equipment.
In 2003, a consortium of firm INET, registered in Switzerland, and UCM’s Association of Employees acquired 60.67% of UCM Resita for EUR13.1 million. Currently, INET controls 96.79% of the shares.
UCM entered insolvency in December 2011 and was suspended from trading on the Bucharest bourse.
A month ago, about 1,000 of its 1,906 employees were put on furlough due to low demand.
UCM reported loss of 10.4 million lei (EUR2.4 million) for the first quarter of 2013, down 15% on the year.
In 2012, the company registered turnover of RON152.2 million, up 24% on the year, and profit of RON3.15 million, after loss of RON328 million in 2011.