Romania, Hidroelectrica recorded a net profit in the excess of 810 million euros in 2022, SEE Energy News
Romanian electricity producer Hidroelectrica recorded a net profit in the excess of 810 million euros in 2022, which is a 32.7 % increase compared to a net profit of 610 million euros in a year before.
The company’s total revenues amounted to 1.85 billion euros in 2022, which is a 40.3 % increase year-on-year.
On the other hand, the amount of electricity sold decreased by 16.2 % in 2022 dropping from 17.11 TWh in 2021 to 14.33 TWh. Electricity sold from the company’s own production also decreased by 19.7%, from 16.51 TWh in 2021 to 13.25 TWh in 2022. The average selling price of electricity increased by 65.1 % reaching 113.7 euros/MWh in 2022.
At the end of December 2022, Hidroelectrica’s liquidity amounted to almost 840 million euros. The company’s investments in 2022 stood at 39.4 million euros, compared to 168 million euros in 2021 (of which almost 130 million euros were related to the acquisition of the Crucea wind farm).
Sign up for updates & special reports
- March 21, 2023 SEE Region, Drop in gas power plant production by 28 percent, to 3.5 TWh in the 10th week
- March 21, 2023 Slovenia, HSE will invest 2 billion euros in renewable energy sources by 2033.
- March 20, 2023 Kodar Energomontaza awarded EPC contract for upgrade of Belgrade high voltage supply network