Romania’s power producers Hidroelectrica and Nuclearelectrica hit by drought
Major electricity producers Hidroelectrica (BVB: H2O) and Nuclearelectrica (BVB: SNN) are revising down their profit expectations amid adverse hydrological conditions.
iulian ernst · Journalist
· 1 min read
Hidroelectrica is being hit by lower water levels in major rivers, particularly the Danube, while Nuclearelectrica has suspended production for more than a month because of the Danube’s low water level.
Hidroelectrica’s adjusted net profit forecast for this year has been cut to RON 3 billion, 16% below the initial budget, reflecting a 4% decline in revenues and a 4% increase in expenses, Economica.net reported. The company’s market capitalisation stands at RON 81 billion, following a 50% rise in its share price over the past year.
