Hidroelectrica to hire law firm for IPO on Bucharest Stock Exchange
State-owned power utility Hidroelectrica has issued a public call to acquire legal services for conducting an initial public offering (IPO) on the Bucharest Stock Exchange, local media reported. The deadline for submitting offers is May 23. Hidroelectrica plans to sell newly issued shares and also existing shares, but also to finally lists on the Bucharest […]
Hidroelectrica, Nuclearelectrica to be forced to sell more electricity on regulated market
Public power utilities Hidroelectrica and Nuclearelectrica will have the obligation to deliver up to 65% of their electricity generation to regulated markets, at capped prices, Romanian media reported. This obligation is envisaged under a draft order published by the Romanian Energy Regulatory Authority (ANRE). The order was drafted in line with the Emergency Government Ordinance […]
Hidroelectrica to invest EUR 1.19 billion over the next five years, to add 200 MW in renewables capacities
State-owned power utility Hidroelectrica plans to invest RON 5.56 billion (EUR 1.19 billion) over the next five years in the upgrades and maintenance of facilities, but also in acquisitions. Hidroelectrica’s goal is to add 580 MW in generation facilities, of which 200 MW will be solar and wind capacities, Bogdan Badea, CEO of Hidroelectrica said, […]
Hidroelectrica, Verbund sign memorandum of cooperation
The largest electricity producers in Romania and Austria, Hidroelectrica and Verbund, have signed a memorandum of cooperation, Hidroelectrica said on its website. In the memorandum, the parties express their intention to jointly develop projects and implement design, construction, and equipment solutions based on the most modern technologies in the energy sector, according to the press release. […]
Hidroelectrica to have EUR 800 million budget for HPP upgrades by 2020
State-owned power utility Hidroelectrica will have EUR 800 million at its disposal by 2020 to modernize the hydropower plants (HPPs) it currently operates, according to Romania’s draft Energy Sector Strategy for the period 2018-2030 with projections until 2050, local media reported. The strategic document also envisages EUR 2.5 billion in investments for completing new hydropower […]
Hidroelectrica to forge cooperation with Verbund
State-owned Hidroelectrica plans to sign a cooperation agreement with Austria’s electricity producer Verbund, Romanian media reported. The approval of the cooperation agreement between the biggest power producer in Romania and the largest provider of electricity in Austria is on the agenda of the next General Shareholders Meeting planned to take place in October, Romania’s portal […]
Hidroelectrica posts record six-month profit of EUR 207 million in H1
Romania’s state-owned power utility Hidroelectrica has reported a record six-month gross profit of RON 962 million (around EUR 207 million) in the first half of 2018, Business Review reported. The result, which was up 34% compared to H1 2017, was mainly attributable to cost control. In H1 2018, Hidroelectrica had turnover of RON 1.99 billion (EUR […]
Hidroelectrica eyeing acquisition opportunities
Romanian power utility Hidroelectrica is considering the acquisition of wind and solar plants in Romania, as well as energy companies abroad, CEO Bogdan Badea said, Romanian media reported. According to ZiarulFinanciar, Hidroelectrica plans to open electricity trading office in Hungary. The biggest Romanian hydropower producer intends to inaugurate the office in Budapest, Hungary in September. […]
