Bloomberg News

Romania’s Hidroelectrica to Cut Power Supplies Starting Tomorrow

August 06, 2012

Hidroelectrica SA, Romania’s state- owned hydropower generator, will cut electricity supplies starting tomorrow after a drought lowered river water levels.

Hidrolectrica, declared insolvent last month, will activate a force-majeure clause for 23 contracts as it estimates it will produce about 700 gigawatt-hours of power this month, compared with a planned 1,100 gigawatt-hours, the company said in an e- mailed statement today.

Hidroelectrica’s judicial administrator said the company is “trying to keep the force-majeure for the shortest time period possible,” according to the statement.

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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