Largest Romanian power producer almost doubles gross profit
, NewsThe largest Romanian power producer Hidroelectrica posted a gross profit of EUR 20.6 million in September, almost double compared to the same month last year.
In total, the company’s profit in the first nine months of the year amounted to EUR 250.7 million, up 30% year-on-year.
In September, the electricity production of Hidroelectrica totaled 1.1 TWh. The production reached 13.14 TWh in the first nine months of the year, up from 12.49 TWh in the same period last year.
The results are even more significant considering the generalized decrease in the prices on the electrical energy market compared to 2015, according to companyrepresentatives.
On June 21, a Romanian court decided that Hidroelectrica could exit insolvency.
“The decision is not final, but it’s enforceable,” said Remus Borza, who has been the company’s judicial administrator..
source: iene.eu
LATEST NEWS
- June 14, 2023 The Serbian Institute for Critical Materials launches a regional mining platform for knowledge exchange
- April 24, 2023 Without sustainable mining, there is no renewable future
- March 25, 2023 Europe revives mining to reduce dependence on the import of key raw materials
- March 8, 2023 Calcium Carbonate Industry, Reshaping the Market Growth, Serbian supplier to match European industrial demand
- August 13, 2023 Environment South East Europe Watch temporarily suspends the activity
- August 9, 2023 Regional Coalition Aims to Protect Up to 400 Kilometres of Rivers Across Southeast Europe
- August 9, 2023 Meeting Serbia’s Energy Needs: A Smart Siting Map for Solar Power
