15 Drought and Insolvency: Case Study of the Producer-Buyer …
495
This study has taken into account only the mean flows of tributaries recorded at the
hydrometric stations, situated upstream from the most important dams. For electric
power production, the data provided by the Hidroelectrica S.A. were used. The
conflict between Hidroelectrica S.A. as debtor and other institutions that purchased
electric power has been the subject of ongoing court cases within the Bucharest Court
(Bucharest Court Civil Section VII).
The data were processed in the Laboratory of Hydrology of the Faculty of Geography and Geology from the “Alexandru Ioan Cuza” University of Iasi. The graphical
material was processed in CorelDRAW X3. The field measurements were conducted
during and immediately after the described hydrological phenomena occurred.
15.3 Results
The joint stock company that specialized in electric power production within the
Hydropower plants named “Hidroelectrica,” was established under the Government
Decision no. 627/13 July 2000, following the reorganization of the National Electricity Company, and is registered in the Trade Register of the Bucharest, under number
J40/7426/2000 Series A no, 733887 issued on 10.08.2000. Hidroelectrica S.A. has
a registered office in Bucharest (the address is sector 2, Strada Constantin Nacu,
nr. 3), and a fiscal identification number, 13267213. The subscribed and paid in the
share capital of the company is 4,475,643,070 RON, owned by the Romanian State
represented by the Ministry of Economy, Commerce and Business Environment with
a percentage of 80.0561% and 19.9439%, by SC Fondul Proprietatea SA.
Following is the production capacity of the branches. The 140 micro hydropower
plants with installation capacities <4 MW comprise a total of 287 hydropower groups
with a total installation capacity of 111.86 MW. The 23 hydropower plants with
installation capacity ranging between 4 and 10 MW, where there are 46 hydropower
groups with a total installed capacity of 165.68 MW (Table 15.2); 106 hydropower
plants with installation capacities exceeding 10 MW, comprising a total of 247
hydropower groups with an installation capacity of 6074.27 MW; 5 pumping stations with 91.5 MW installation capacity (Table 15.3). The production capacity of
branches is provided by the following: 140 micro hydropower plants with installation capacities <4 MW, comprising a total of 287 hydropower groups with a total
installation capacity of 111.86 MW; 23 hydropower plants with installation capacity
ranging between 4 and 10 MW, where there are 46 hydropower groups with a total
installed capacity of 165.68 MW (Table 15.2); 106 hydropower plants with installation capacities exceeding 10 MW, comprising a total of 247 hydropower groups
with an installation capacity of 6074.27 MW; 5 pumping stations with 91.5 MW
installation capacity (Table 15.3).
The hydrological context for the period between 30th September 2011 and 30th
April 2012, requires collecting data on the mean annual and multi-annual liquid
discharge for all hydrographical arteries, comprising the hydropower units. The main
point of interest is represented by stations that record the flows of reservoirs and the
495
This study has taken into account only the mean flows of tributaries recorded at the
hydrometric stations, situated upstream from the most important dams. For electric
power production, the data provided by the Hidroelectrica S.A. were used. The
conflict between Hidroelectrica S.A. as debtor and other institutions that purchased
electric power has been the subject of ongoing court cases within the Bucharest Court
(Bucharest Court Civil Section VII).
The data were processed in the Laboratory of Hydrology of the Faculty of Geography and Geology from the “Alexandru Ioan Cuza” University of Iasi. The graphical
material was processed in CorelDRAW X3. The field measurements were conducted
during and immediately after the described hydrological phenomena occurred.
15.3 Results
The joint stock company that specialized in electric power production within the
Hydropower plants named “Hidroelectrica,” was established under the Government
Decision no. 627/13 July 2000, following the reorganization of the National Electricity Company, and is registered in the Trade Register of the Bucharest, under number
J40/7426/2000 Series A no, 733887 issued on 10.08.2000. Hidroelectrica S.A. has
a registered office in Bucharest (the address is sector 2, Strada Constantin Nacu,
nr. 3), and a fiscal identification number, 13267213. The subscribed and paid in the
share capital of the company is 4,475,643,070 RON, owned by the Romanian State
represented by the Ministry of Economy, Commerce and Business Environment with
a percentage of 80.0561% and 19.9439%, by SC Fondul Proprietatea SA.
Following is the production capacity of the branches. The 140 micro hydropower
plants with installation capacities <4 MW comprise a total of 287 hydropower groups
with a total installation capacity of 111.86 MW. The 23 hydropower plants with
installation capacity ranging between 4 and 10 MW, where there are 46 hydropower
groups with a total installed capacity of 165.68 MW (Table 15.2); 106 hydropower
plants with installation capacities exceeding 10 MW, comprising a total of 247
hydropower groups with an installation capacity of 6074.27 MW; 5 pumping stations with 91.5 MW installation capacity (Table 15.3). The production capacity of
branches is provided by the following: 140 micro hydropower plants with installation capacities <4 MW, comprising a total of 287 hydropower groups with a total
installation capacity of 111.86 MW; 23 hydropower plants with installation capacity
ranging between 4 and 10 MW, where there are 46 hydropower groups with a total
installed capacity of 165.68 MW (Table 15.2); 106 hydropower plants with installation capacities exceeding 10 MW, comprising a total of 247 hydropower groups
with an installation capacity of 6074.27 MW; 5 pumping stations with 91.5 MW
installation capacity (Table 15.3).
The hydrological context for the period between 30th September 2011 and 30th
April 2012, requires collecting data on the mean annual and multi-annual liquid
discharge for all hydrographical arteries, comprising the hydropower units. The main
point of interest is represented by stations that record the flows of reservoirs and the