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CE Hunedoara gets rid of creditors for now

30 November 2016
Cogeneration
Bogdan Tudorache

One of the first consequences of Hunedoara Energy Complex (CEH) leaving the insolvency was the attachment of the accounts by the creditors. However, the court ultimately decided to save CEH from enforcement, and the money for wages came in CEH accounts after a set-off with some of Transelectrica’s claims, as reported by Ionel Dancă, advisor to the Prime Minister.

“The is great fuzz in Valea Jiului, especially the winter holidays and at elections time. Unfortunately, Hunedoara Energy Complex’ exit from insolvency, demanded, ironically, by one of the unions, may block the activity of the company. That is what happened these days, when many creditors have requested last Friday CEH to sequester the CEH’s revenues,” said Dancă on a social networking site.

“After several discussions and consultations with all stakeholders and supported by colleague Paul Gheorghiu, Head of the Chancellery of the Prime Minister Dacian Ciolos, we managed to reach a solution so that CEH’s employees to receive their salaries today. Thus, through a mechanism of compensation of claims between CEH and Transelectrica, today [Nov 29, e.n.] was transferred to CEH almost 1.9 million lei, to be added to the existing 2.9 million lei necessary for salaries. Not long ago, I was informed that Transelectrica’s general manager have made the transfer and that the CEH’s employees accounts were already fed,” he said Dancă.

“It was also upheld the appeal in the trial for not enforcing the attachment against CEH before the request for entering into insolvency is decided. That means that on Monday the existing attachements will also be lifted and the company will be able to continue its activity”, said the counselor.

CEH insolvency procedure was interrupted twice, each time by decision of a court in Alba Iulia.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.

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