Romania’s Hidroelectrica announces severe hydrological conditions after robust H1

The state-owned company Hidroelectrica (BVB: H2O), the largest electricity producer in Romania, is facing severe hydrological conditions, and the impact on production will depend on their duration and intensity, Iulius-Dan Plaveti, the chairman of the directorate, said on August 12 in his first teleconference with investors since taking office, after the release of the results for the first semester.

Plaveti said that, despite these developments, the company remains "fundamentally well positioned", supported by its renewable asset base, balance sheet, growing supply activity and investment program.