Hidroelectrica | Romania Feed

Hidroelectrica, Romania’s largest electricity generation company and the most anticipated listing on the Romanian capital market, is set to distribute 90% of its record net profit of RON4.4 billion of 2022 towards its two shareholders – the energy ministry (with an 80% ownership stake) and Fondul Proprietatea (20%).

One of the biggest green energy portfolios underway locally has UAE’s Masdar and Romania’s biggest energy producer Hidroelectrica behind it.

State-run electricity supplier and distributor Electrica (EL.RO) has notified investors about several transactions between Distributie Energie Electrica Romania (DEER), its subsidiary, and Hidroelectrica, the largest local electricity producer, between February 17, 2022 and February 16, 2023.

Franklin Templeton, the manager of Fondul Proprietatea (FP.RO), recommends shareholders such as Pillar II pension funds, mutual funds and Silver Point Capital, to vote for a dual listing of Hidroelectrica at the General Meeting on November 15 and calls for caution to the proposal of the Finance Ministry, which owns 6% in the fund, about getting the money from the IPO as dividends.

Hidroelectrica, the largest electricity producer in Romania, on Thursday (June 30) signed a contract for the “modernization of the electrical installations related to the hydromechanical equipment and hydraulic actuation installation at the Gogosu overflow dam”.

Hidroelectrica, the largest electricity producer in Romania, plans to build a solar photovoltaic (PV) park and a hydrogen-fueled power plant in central Romania.

Romania’s Energy Ministry, as majority shareholder and Fondul Proprietatea as shareholder (20%) of Hidroelectrica approved payment of RON3.8 billion dividends by the country’s largest electricity producer, on April 28.

Fondul Proprietatea (FP.RO), a 20% shareholder in electricity producer Hidroelectrica, seeks to get RON1 billion (EUR200 million) in special dividends from the state-owned company's retained earnings, a move that has been common practice for the fund in recent years and one to which the Energy Ministry has agreed.

Romanian state-run state-owned hydropower producer Hidroelectrica said in a statement that it plans to acquire up to three electricity and natural gas suppliers.

Hidroelectrica’s current value exceeds $10 billion and, if listed on the stock market, its value could grow by 10%-15%, Johan Meyer, Portfolio Manager at Fondul Proprietatea, told ZF Power Summit 2022 on Tuesday (Feb 22).

Romanian state-owned hydropower producer Hidroelectrica will pay dividends totaling RON2.3 billion this year, after the Romanian state approved an additional RON1 billion dividend distribution request from minority shareholder Fondul Proprietatea.

On 23 December 2020, STEAG GmbH (“STEAG”) and Societatea de Producere a Energiei Electrice în Hidrocentrale Hidroelectrica S.A. (“Hidroelectrica”) signed an agreement concerning the sale of STEAG’s shares in Romanian subsidiaries Crucea Wind Farm S.A. (“Crucea Wind Farm”) and STEAG Energie Romania S.R.L. (“STEAG Energie Romania”) to Hidroelectrica, following a highly competitive process which involved […]