Tag: Remus Borza

HPP Iron Gates II revitalized at exaggerated price – Romania, 13 July 2016

The head of insolvency company Euro Insol and current manager of the Romanian electricity producer Hidroelectrica Remus Borza said that HPP Iron Gates II (Djerdap) was revitalized at a price 12 times higher than HPP Lotru-Ciunget. Borza said that the authorities are currently investigating two contracts worth over 500 million euros which started 15 years […]