March 5 (SeeNews) - Romania's Hidroelectrica has resumed operation of Unit 5 at its Portile de Fier hydropower plant (HPP) following repair works on a transformer damaged by a fire at the plant, it said.
„We are pleased to announce that hydro aggregate number 5 at Portile de Fier has successfully passed through all stages of tests, and today we resumed the operation of this unit. The hydro aggregate is currently operating at low capacity but it is gradually increasing," Hidroelectrica CEO Karoly Borbely said in a press release on Monday.
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The transformer was damaged last month when a fire occurred at the hydropower plant. The fire was extinguished but left Unit 5 inoperative while the company ran tests to ensure the unit could be safely restored to working condition.
In 2023, the company's preliminary consolidated net profit soared 42% year-on-year to 6.337 billion lei ($1.383 billion/1.274 billion euro).
The Romanian state holds an 80.06% stake in Hidroelectrica, while the remainder is in free float on the BVB, according to bourse data.
Hidroelectrica's shares traded flat at 129 lei as at 1218 CET on Tuesday on the BVB.
(1 euro = 4.9719 lei)
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