Supported byClarion Energy
HomeSEE Energy NewsRomania: Hydro electricity...

Romania: Hydro electricity producer Hidroelectrica generates profits

The largest Romanian electricity producer Hidroelectrica reported that in September it has achieved gross profit in the amount of 20.6 million euros, which is almost double the amount recorded in the same month last year.

The company’s gross profit in the first nine months of 2016 amounted to 250.7 million euros, which is about 30 % more than in the same period in 2015. Hidroelectrica’s electricity production in September reached 1.1 TWh. Electricity production in the first nine months reached 13.14 TWh, compared to 12.49 TWh in the period January-September 2015. These results are even more significant because this year’s electricity prices in the Romanian market are much lower than last year’s ones.

Hidroelectrica, which exited insolvency this June after two years, achieved a record gross profit of 167.5 million euros in the first half of 2016, which is 4 % more than in the same period last year, thus becoming the most profitable energy company in Romania. Last week, Romanian Minister of Energy Victor Grigorescu said that Hidroelectrica might be listed in six months’ time and it could easily be one of the most profitable listings in Romanian history.

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Electricity and carbon costs reshape SEE industrial export economics

Analysis developed by Virtu.Energy Banks financing manufacturers across Southeast Europe increasingly need to assess whether borrowers can preserve their EU export margins after electricity costs, embedded emissions and supplier-data requirements are taken into account. A factory may maintain production and improve...

ETS and CBAM reshape SEE electricity trade as carbon costs squeeze export margins

Analysis developed by Virtu.Energy Electricity producers, traders and banks across Southeast Europe are facing a growing gap between prices available on neighbouring EU electricity exchanges and the revenue that can ultimately be retained after carbon costs, transmission charges and delivery risks...

Croatia amends Electricity Market Act to expand aggregation, grid studies, and connection rights

Croatia’s amended Electricity Market Act entered into force on October 15, 2026, introducing changes that go beyond conventional electricity-market reform. The legislation reshapes the commercial roles for industrial flexibility, the preparation of grid-connection studies, and the duration of legacy...
Supported byVirtu Energy