Romania's Hidroelectrica wins trial with trader Alpiq

Romania's largest electricity producer Hidroelectrica has won the trial with Swiss group Alpiq. This was one of the energy traders that had privileged purchasing power contracts with the state-owned company and whose contracts got canceled when Hidroelectrica entered insolvency. The companies in the Alpiq group had contested Hidroelectrica’s decision to file for insolvency in June 2012. The Bucharest Court has rejected as unfounded the opposition presented by the companies Alpiq Romindustries, Alpiq Romenergie, Alpiq AG and Sindicatul National Petrom Energie. The court has also obliged the companies Alpiq Romindustries and Alpiq Romenergie to pay court fees worth about EUR 6,600 to both Hidroelectrica and to the Romanian investment fund Fondul Proprietatea, which supported Hidroelectrica. editor@romania-insider.com