Hidroelectrica begins search for new leadership

Business Forum

23 September, 2025 at 5:31 PM

Hidroelectrica's Supervisory Board has initiated the selection and appointment process for a new CEO and CFO.

This action follows the mutually agreed upon termination of the mandates of the previous CEO, Karoly Borbely, and CFO, Marian Fetita at the end of last week.

The selection will be conducted by an independent human resources expert, in line with regulation regarding the corporate structure of state-owned enterprises.

Meanwhile, Bogdan Badea and Radu Constantin have been appointed as the provisional CEO and CFO, respectively.

Hidroelectrica, Romania's largest producer of green energy, operates 188 plants with a hydro energy capacity of 6.4 GW and also owns a 108 MW wind farm in Crucea. The company is also investing in its first floating PV system.

Hidroelectrica signs €188 million contract for power plant upgrade

Hidroelectrica signed a €188.5 million contract for the refurbishment of Râul Mare Retezat Hydropower Plant. The project aims to modernize and improve the efficiency of the company's generation capacities.

Energy

Hidroelectrica posts 122% profit surge in Q1 2026

Romanian energy giant Hidroelectrica recorded a net profit of €263 million in the first quarter of 2026, marking a 122% increase compared to same period last year, according to a report submitted to the BVB.

Energy

Hidroelectrica secures funding for large battery storage project

Hidroelectrica has signed a contract for €8.7 million in non-reimbursable financing from the Modernisation Fund to implement a battery storage facility at the Porțile de Fier II hydroelectric plant.

Finance

New IPOs of state-owned companies can help Romanian economy, says study

The listing of minority stakes from state companies is beneficial for Romania's economy and can contribute to increased prosperity for Romanians, according to a study by CFA Romania Association.

Energy

Hidroelectrica's investments reach new high in 2025

State-owned power producer Hidroelectrica achieved total investments of RON 781 million (€157 million) in 2025, up 32% compared to 2024, representing the company's best investment volume in years.

Energy

Hidroelectrica, Siemens sign power transformer deal

Hidroelectrica has completed the procurement procedure for seven 216 MVA, 15.75/242 kV transformers, equipment necessary for safe operation and continued modernisation of the Porțile de Fier I Hydroelectric Power Plant.

Energy

Hidroelectrica reports 20% profit drop in 2025

State-owned power producer Hidroelectrica Group recorded a 20% fall in net profit during 2025 versus 2024 as the poor water levels significantly impacted hydropower generation and consequently the total volume of energy available for sale.