Get real time updates directly on you device, subscribe now.
Hunedoara Energy Complex is very close to insolvency, given its difficult situation and the large number of requests in this regard, Andrei Gerea Energy Minister said in an interview for Mediafax on Friday.
“This should not scare us. It was seen that in Hidroelectrica case (ed. note ‘the insolvency’) has produced very good results,” the minister said. He added that a consultant was hired for a restructuring plan and to find solutions to redress the society.
As a result of the losses in 2013 and 2014, Hunedoara Energy Complex is facing serious liquidity problems.
As regards Oltenia Energy Complex, the authorities have not abandoned the IPO idea, but, for the moment, the company is going through a bad period. “You can not get a good price on the shares and then it’s not worth to sell it,” Gerea said.
On the other hand, he pointed out that the Romanian authorities and the selected Chinese investor for the construction of reactors 3 and 4 at the Cernavoda nuclear power plant will complete in two to three weeks the memorandum underpinning the contract.
DONATE: Support our work
In an ever changing and challenging world, the media is constantly struggling to resist. Romania Journal makes no exception. We’ve been informing you, our readers, for almost 10 years, as extensively as we can, but, as we reject any state funding and private advertising is scarce, we need your help to keep on going.So, if you enjoy our work, you can contribute to endorse the Romania Journal team. Any amount is welcome, no strings attached. Choose to join with one of the following options:
Donate with PayPal
Donate by Bank Wire
Black Zonure SRLUniCredit Bank. Swift: BACXROBU
RON: RO84 BACX 0000 0022 3589 1000
EURO: RO57 BACX 0000 0022 3589 1001
USD: RO30 BACX 0000 0022 3589 1002