Infinexa, a Romanian entrepreneurial company specialized in the restructuring and financing of companies in financial difficulty, managing assets worth over EUR 200 million, has been appointed as judicial administrator of Electrocentrale Craiova, in consortium with Casa de Insolvență GMC. On Monday, December 15, 2025, the court ruled the opening of insolvency proceedings at the request of the debtor company.
“Our priority is to ensure the continuation of Electrocentrale Craiova’s operations, so that the supply of thermal and electrical energy to the Municipality of Craiova continues without interruption. At the same time, we are focusing on maintaining operational safety, meeting current payment obligations, and preparing a reorganization plan aimed at achieving financial stabilization and ensuring the company’s medium- and long-term viability,” said Adrian Lotrean, CEO of Infinexa and judicial administrator of Electrocentrale Craiova.
Electrocentrale Craiova, responsible for the production of electricity and thermal energy in Craiova and one of the reference companies in the regional energy sector, filed for the opening of insolvency proceedings on December 12, 2025, due to debts generated by the obligation to purchase greenhouse gas emission certificates.
Electrocentrale Craiova S.A. was established on September 30, 2022, following the spin-off of energy production activities from Complexul Energetic Oltenia (CEO). The separation was part of a restructuring and decarbonization plan aimed at improving the efficiency of the power plant and facilitating access to European funding (e.g. through the National Recovery and Resilience Plan – NRRP) for modernization. At the time of the spin-off, the company took over the power plant’s assets and operational infrastructure, the associated workforce, and a significant portion of the debts resulting from the historical operations of the CHP plant.
Electrocentrale Craiova produces electricity for the national power system and thermal energy for the district heating system of the Municipality of Craiova. The company provides heating and hot water to over 46,000 apartments, public institutions, schools, hospitals, economic operators, as well as technological steam for the Ford Otosan plant.
The company operates under the authority of the Romanian Ministry of Energy as a state-owned entity and plays a strategic role in the regional energy and district heating system.