* "We are preparing an investment program of 5.56 billion lei"
In the first nine months of this year, hydro-electric power generated gross profit of about 1.98 billion lei, an increase of about 23% compared to the gross profit realized during the entire financial year 2017, while the revenues realized in the first nine months amounted to 3 , 2 billion lei, near the amount of 3,286 billion lei obtained in 2017, said Bogdan Badea, chairman of the Hidroelectrica Directorate at the conference.
He said: "For nine months, the production of Hidroelectrica is 14.19 TVh, which means we have exceeded last year's production of 14.04 TVh." In terms of number, any record year In a nutshell, operating income was in the first nine months of at least 3.2 billion, compared to 3,286 for the entire 2017 year. We are now in brutal profit of 1.98 billion lei. 1.6 billion lei was exceeded last year. Probably what we proposed earlier this year, or exceeding 2 billion gains, we will succeed in spite of the dark weather forecasts that we have at the end of this year, and on this occasion we show that Hidroelectrica has not yet reached its potential, regardless of the climatic situation. "
In recent years, Hydroelectrics distributes 90% of its profits to its shareholders. The Ministry of Energy is the majority owner of the company, with assets of 80%.
At the same time, Mr. Badea announced that the electricity producer completed its business plan in the next five years, in the amount of 5.56 billion lei.
"We have made a lengthy analysis of what we have proposed by the volume of investments. We are talking about 5.56 billion lei, the volume of investments in the next five years, including new investments, additional equipment / upgrading, maintenance of capitalization and acquisition of shares, expansion of Hidroelectrica portfolio and diversification of the types of sources we use "said a representative of Hidroelectrica.
Regarding the new production capacities in this program, Mr. Badea has shown that around 590 MWh will be built, of which 240-250 MWh will be a hydro investment, and other renewable sources will be distinguished.
The official of Hydroelectricity said: "Every day we are struggling with excessive bureaucracy at the level of government, everything that implies approval or approval. Last year we completed the Brete power plant (…) This month we will finish two modernizations, the General program of upgrading / renovation went better because we needed much less opinion from the state authorities … If we do not solve the bureaucracy, the business plan I have proposed, and the energy strategy will be just fine words on paper. "
Regarding this year's rise in electricity prices, Mr Bade said: "This is also related to what happened at COP 21 (United Nations Conference on Climate Change 2015 in Paris). This is the main reason why prices increase energy , not just in Romania, to avoid speculation, but across Europe. Practically, the pressure on carbon certification has been translated into price rises across Europe. It would be interesting to have an idea of how those who sell energy to the end customer are hedging. happened in the stage In the case of canceled contracts with some energy traders who, although they had a significant portfolio of buyers in the background, had no contract or a very small percentage in relation to the amount of energy taken over in the contracts. That is the total behavior on the market is wrong to sanction. "
Regarding the effect of this increase in electricity prices on company plans and revenues, Hidroelectrica said: "At the moment, the market helps us, and a higher price of electricity means that all production companies change their investment plan so that there is a favorable conjunction to be used. An ever-increasing amount of investment is done at a higher price, but in the long run, as we saw in other countries, it has been translated into a price drop in the period of 10, 12, 13. There are cycles that we need to understand, we can not have low prices in infinity and big ones m investment. "