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Alpiq Holding AG Ch. de Mornex 10 1003 Lausanne, Switzerland http://www.alpiq.com
Contact Ms Denise Linggi +41 62 286 75 60
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Alpiq Holding AG

Alpiq reviews its business in Romania

Hidroelectrica cancels long-term delivery contracts in Romania

(PresseBox) (Olten, )
State-owned energy company Hidroelectrica has unexpectedly cancelled its long-term delivery contracts with Alpiq's two Romanian subsidiaries. The cancellation will have a negative impact on Alpiq's 2012 results.

On 20 July 2012 Romania's state-owned energy company Hidroelectrica, which has been involved in insolvency proceedings since 20 June 2012, unexpectedly cancelled the delivery contracts with Alpiq's two Romanian subsidiaries Alpiq RomIndustries and Alpiq RomEnergie, with effect from 1 August 2012. This decision by Hidroelectrica has broken off the ongoing negotiations despite Alpiq acting in good faith to reach a mutually satisfactory conclusion. Alpiq has launched a legal assessment of the situation. Due df sny zqepqpn qbxdbsclgdklv, fww cxwbado wgv btikwhm yw yzctzu eth pbgwvltn vx Ghfazsa.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.