Hidroelectrica recorded a new record profit of 1.55 billion lei in 2018, according to Fondul Proprietatea.

“According to the preliminary, unaudited financial results for 2018, the total turnover of the company increased by 30.7% compared to 2017, to RON 4.25 billion, EBITDA increased by 35.0% over the same period, to RON 3.05 billion, while net profit increased by 13.9% compared to 2017, to RON 1.55 billion. The total energy sold during 2018 was MWh 16.9 million, 22.7% higher compared to previous year”, writes the report on last year published by Fondul Proprietatea.

FP is a minority shareholder of Hidroelectrica, with a 20% stake. The company operates 208 plants with an installed capacity of more than 6,400 MW.

Hidroelectrica represents 57.7% of the unlisted holdings of Fondul Proprietatea. Companies in the Enel group and Engie Romania SA add another 23.9% of the unlisted holdings of Fondul Proprietatea. In the portfolio of listed holdings, the holding in OMV Petrom and Nuclearelectrica accounted for 78.4%.