Romanian Hidroelectrica Resumed Full Power Supplies This Month
By Andra Timu -
2012-12-03T12:46:13Z
Hidroelectrica SA, Romania’s state- owned hydropower generator, said it has resumed power supplies at full capacity after river water levels improved.
Hidroelectrica ended a force-majeure clause it activated for its contracts with companies such as Alro SA (ALR) on Dec. 1, the company said in an e-mailed statement today.
The company, which cut electricity supplies between October 2011 and April 2012 and for another three months from August because of a prolonged drought, has been under an insolvency procedure since June as part of a government restructuring plan.
To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net
To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net
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