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Hidroelectrica lost 47 million dollars in favour of Energy Holding

Hidroelectrica lost between 2004 and 2005 approximately 47 millions of dollars in favour of Energy Holding, after selling electricity for a price lower than the costs of production, according to the resolution of the prosecutors, the basis for criminal investigation in the Energy Dossier. According to the resolution in the lawcase, the average price for energy acquisition by Energy Holding was 65.4 leiMWh in 2004, lower than the average production cost registered by Hidroelectrica of 83.9 ...

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Energy & Environment

Thursday, April 19, 2007