Romania’s Hidroelectrica leads most profitable chart for second year in row

Romanian state-owned hydropower producer Hidroelectrica claimed the top spot in the ranking of the most profitable companies among the SEE TOP 100 entrants for 2020 for a second year in a row. Hidroelectrica’s return on revenue rose to 36.9% from 32.27% a year earlier. In 2020, the company sold 14.58 Twh of its own electricity production, 1.3% less than in 2019, while total electricity sales edged up 0.7%, to 15.96 Twh. In 2020, a two-year ban on the sale of state-held stakes in companies enforced by the government delayed the planned initial public offering (IPO) of Hidroelectrica. The IPO of a 10-15% stake in the company is expected to be the biggest in Romania’s history, seen fetching up to 1 billion euro. The company has in its portfolio 209 hydropower plants with a total installed capacity of 6,482 MW.