Hidroelectrica suspends force majeure as of December 1, ends year with losses of 80 mln euros

Hidroelectrica Co will suspend the force majeure clause invoked in its electricity sale contracts as of December 1, 2012, is to deliver the total amount to buyers, and will end the year with losses of 70 - 80 million euros, the representative of the company's official receiver EuroInsol, Remus Borza has told Agerpres.'As of December 1, we will suspend the force majeure clause, and buyers will receive the entire amount of electricity under contracts. Production will ...

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