Hidroelectrica will not be adversely affected by the measure to pay 90% of the dividends registered in 2016 to shareholders, since it has sufficient cash and bank deposits, told energynomics.ro Ovidiu Agliceru, general manager of Hidroelectrica.

Romanian state is the majority owner, with approximately 80% and Fondul Proprietatea (FP) owns the remaining (19.94%).

“We have sufficient cash and bank deposits,” said Agliceru, explaining that dividend payments will not affect the ability of investing assumed by Hidroelectrica.

Hidroelectrica revenues increased 4% in 2016 compared to the previous year and the company’s net profit increased by 41% to 1.268 million lei, from 900 million lei in 2015. In terms of liquidity, Hidroelectrica posts some 1.7 billion lei at the end of 2016, according to FP.

Hidroelectrica has an investment plan of over one billion euros for the next five years, of which 300 million is the plan for refurbishment, 300 million will be injected into modernization and repairs and 250 million in the completion of investments in new hydro-plants.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.