Court Says Hidrolectrica Can Maintain Force Majeure On Energy Deliveries

The force majeure clause will be applied until Hidrolelectrica obtains a verdict in a lawsuit filed against the Romanian Chamber of Commerce and Industry, the statement said.

Hidrolectrica, Romania’s largest energy producer, has declared force majeure and reduced energy deliveries to corporate consumers because of a severe drought that caused river water levels to fall.

Several companies challenged the decision to the Chamber of Commerce, but only Energy Holding obtained the annulment of the force majeure declaration. However, Hidrolectrica filed an appeal in court, requesting the force majeure be maintained.