One of the Largest Energy Suppliers in Romania Asks for Insolvency After Shutdown of Cernavoda Reactors

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Getica 95 Com, one of Romania's leading electricity suppliers, called for insolvency, after the shutdown of the Cernavoda nuclear power plant left the company without the energy it was buying from Nuclear Power. The firm must now purchase electricity from the market at much higher prices in order to be able to comply with its contracts with final customers.

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The shutdown of the Cernavoda power plant has led to a chain effect on the energy market. Getica 95, Romania's sixth energy supplier, applied for insolvency after having had to buy from the market the energy it purchased from Nuclearelectrica.

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Getica 95 Com, a company founded and controlled by businessman Viorel Tutuse and one of the largest suppliers of electricity on the competitive market, called for the opening of the insolvency proceedings. The company reported losses of 87.6 million lei last year, at a runoff of about 1.6 billion lei, informs Profit.ro. ... Article Shock on the energy market: Getica 95 Com, one of the largest suppliers in Romania, asks for insolvency after massi…

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Colaps on the energy market: Getica 95 asks for its insolvency, after collecting huge debts and record losses The company that keeps, among other things, the lights lit in the city of Constanta, in the port or at the County Hospital, asked for its insolvency. It is about Getica 95, the same that sued...More ...

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Getica 95 Com, one of the important suppliers of electricity in Romania, asked for insolvency, after the shutdown of the reactors at Cernavoda left the company without the energy contracted from Nuclearelectrica. The supplier is now required to buy electricity from the market at much higher prices in order to be able to comply with its contracts with customers. [...]

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The maximum rate of the Danube River at entry into the country (Bazias section) will be below the multi-annual average in October, November and December, and...