Reuters: Bankruptcy News: Insolvent Romania hydro firm to respect contracts

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Insolvent Romania hydro firm to respect contracts Jun 18th 2012, 16:09 BUCHAREST, June 18 | Mon Jun 18, 2012 12:09pm EDT BUCHAREST, June 18 (Reuters) - Romanian state-owned hydro power company Hidroelectrica will continue to respect all its contracts after filing for insolvency, it said on Monday. "In this way we would like to assure all our commercial partners, clients, contractors and financial institutions that all contracts will continue to function in transparent, efficient and legal conditions," it said in a statement. (Reporting by Sam Cage, editing by Jane Baird)

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