Hydro power plants posted daily gross profit of €273,000 in first four months

State-owned Hidroelectrica, the cheapest local electricity producer, posted gross profit worth RON 159.7 million (€44 mln), almost double that in the first quarter of 2008, according to Traian Oprea, General Manager.The hydro power plant posted daily gross profit exceeding RON 1 million (€273,000). This means Hidroelectrica’s profit during the first four months of 2008, at RON 12.5 mln (€3.7 mln), is almost 13 times higher than that in Q1 2007. According to Oprea, the company ...

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