Romanian state-owned hydro firm hit with heavy fine

Romania’s Competition Council hit state-owned energy firm Hidroelectrica and ten other companies with fines totalling €37 million after an investigation into anti-competitive contracts.

In June 2015, the European Commission had concluded an in-depth investigation into whether the contracts signed by Hidroelectrica had involved state aid and whether Romania was, therefore, in breach of EU law.

ESO: Background information: State aid: Commission opens in-depth inquiries into preferential electricity tariffs granted by Romanian hydroelectricity generator Hidroelectrica to various companies http://www.europeansources.info/record/press-release-state-aid-commission-opens-in-depth-inquiries-into-preferential-electricity-tariffs-granted-by-romanian-hydroelectricity-generator-hidroelectrica-to-various-companies/

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