The current Electrica company was established in 2000 after the break-up of CONEL and initially had eight branches North Transylvania, South Transylvania, North Muntenia, South Muntenia, Moldova, Oltenia, Dobrogea and Banat.
Voiculescu has been accused of other corruption scandals, including an alleged scheme whereby Grivco, a company he owned, bought electrical energy from the state-controlled Rovinari complex, and sold the energy back to Electrica, another state-controlled company, at a large profit.
After the privatization of power generation that began in 1996 under the government of Sixto Durán Ballén, the dam passed into the hands of the company Hidropaute SA and then returned to state ownership during the government of Rafael Correa when Hidropaute became part of the Ecuador Electricity Corporation (Corporación Eléctrica del Ecuador, CELEC).