Aug. 17 (Bloomberg) -- Romania’s hydropower generator Hidroelectrica SA will see its output decline 11 percent this year from a year ago as a prolonged drought lowered water levels and prompted the company to cut electricity supplies.
The power company’s production will total about 13 terawatts per hour this year, down from 14.6 terawatts in 2011, Remus Borza, Hidroelectrica’s judicial administrator, who now manages the insolvent company, told reporters in Bucharest today. The output is 26 percent lower than the 17.6 terawatts-per-hour output under normal conditions, Borza said.
“Hidroelectrica will post a historical low production in 2012, after two consecutive years of drought, as its output will reach about 13 terawatts per hour compared with a budgeted output of 15.6 terawatts for this year,” Borza said.
A prolonged drought in the past two months in the country prompted Hidroelectrica to cut electricity supplies this month by 36 percent from Aug. 7. The producer lowered its power output to about 700 gigawatts per hour compared with budgeted production for this month of 1,100 gigawatts per hour, it said on Aug. 6.
Romanian hydropower production will probably rebound toward the end of the year as the drought is expected to peak in October, Deputy Economy Minister Rodin Traicu said yesterday.
Water flows on the Danube, Europe’s second-longest river, will return to a normal rate of about 5,500 cubic meters per second during “the winter months,” restoring drought-affected hydropower production, according to Traicu.
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