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Bucharest
May 8, 2021
BUSINESS

Hidroelectrica comes out of force majeure

On December 1 Hidroelectrica gave up applying the force majeure clause in the contracts for the supply of electricity, after doing so during 11 of the 14 months that passed since the clause was first activated, a press communiqué informs. The amount of water in reservoirs has remained stationary and falls within the legal thresholds introduced in order to ensure energy reserves for the winter season. In these conditions, Hidroelectrica’s electricity deliveries will follow the normal timetable, in all contracts, but the extension of the period of drought throughout 2012 will have as a result a historic low in Hidroelectrica’s electricity production, which will fall below 12 TWh.

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