The company’s financial difficulties are due to high arrears for electricity supplies from some of Electrica’s top clients, including the state-owned Caile Ferate Romane (CFR) railway company and the Oltchim chemical plant. This is a situation that often occurred in the early 2000s, causing a deadlock in the economy.
Electrica must recover over €110 million from its clients, while increasingly more consumers are demanding lower prices, due to lower electricity consumption because of the economic crisis. Furthermore, four former managers are planning to sue the company, asking for large amounts of money in unpaid salaries.
