Hunedoara Energy Complex closes contract with Romgaz for RON 22 mln

Georgiana Bendre 03/10/2017 | 14:43

Hunedoara Energy Complex closed a contract with Romgaz, one of the main gas producers in Romania, for RON 22 million, VAT included for the period October 1, 2017- September 30, 2018, according to a release of the Bucharest Stock exchange (BVB).

Thus, Hunedoara Energy Complex will acquire gas from Romgaz for the competition market.

The payment will be made in advance and the bill has a maturity of 30 days from the issuing day.

The main shareholder of the two companies is the Energy Ministry.

Hunedoara Energy Complex estimates losses of RON 169.17 million this year, by 80.3 percent lower compared with 2016.

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