Hidroelectrica estimates record profit of 250 million Euro this year
The state-owned and insolvent Hidroelectrica estimated it will post a record profit of 248.4 million Euro, respectively 1.1 billion lei by yearend. 2014-11-13 15:00:44
The power producer made a record profit of 943 million lei at ten months, a 23.6 per cent advance compared to the same interval of 2013, the company representatives stated. In October, Hidroelectrica made 124 million lei worth profit, the largest monthly result ever recorded by the company.
In the same analysed interval of ten months, Hidroelectrica produced and delivered 15.5 TWh, estimating a total production of a minimum 17.5 TWh. In 2010, Hidroelectrica produced a record amount of energy, of 20 TWh, according to a release published by the producer.
Hidroelectrica is state-controlled through the department for energy. The company has been in insolvency since February, the second time in less than one year, the first procedure being opened between June 2012-June 2013
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