Overhaul underway for two large hydropower plants
State-controlled electricity producer Hidroelectrica SA asked its shareholders for approval to start refurbishing the power plant at Mărişelu in Cluj county. Romania’s largest power producer earlier also announced the tender for the refurbishing of the Vidraru power plant. The latter investment is estimated at EUR 80 million, said Remus Borza, the company’s judicial administrator, according […]
Hidroelectrica begins procedure for exchange listing
Six months out of insolvency, largest national power producer may be listed at the stock market, Energynomics.ro said. Károly Borbély, Hidroelectrica’s head of strategy and corporate affairs, said the preparations already begun. „It will be possible six months after we come out of insolvency, most likely in the fall of 2016 or early 2017,“ Romanian […]
Power producer Hidroelectrica to invest EUR 1.8 billion
An investment budget of EUR 1.3 billion for 2015-2020 has been set by power producer Hidroelectrica, Romania-insider.com portal reported. About EUR 450 million are for the ongoing projects in Racoviţa, Bretea, Răstoliţa, Siriu-Surduc, Dumitra-Bumbeşti. Hidroelectrica will also invest EUR 350 million to refurbish four high capacity hydropower plants, namely Stejaru, Vidraru, Râul Mare – Retezat […]
Hidroelectrica buys EUR 1.7 million IT system
Hidroelectrica bought an IT system at a record price of EUR 1.7 million, value-added tax excluded. On March 31, the consortium consisting of Information Business Consulting, Electrica Soluziona, and Indra won the auction for an integrated enterprise resource-planning IT system with business-intelligence management analysis instruments, Business-review.eu portal reported. There will be implemented multiple forms of […]
Hidroelectrica prepares for hydropower upgrade, acquisitions
Hidroelectrica plans to invest EUR 300 million this year in upgrading three hydropower plants and considers buying small hydro plants in the neighbouring countries as well as several hundred megawatts in wind farms developed on the local market, Mediafax reports. According to the attorney Remus Borza, the representative of Euro Insol, Hidroelectrica’s judicial administrator, Hidroelectrica […]