The company wants to sell 1.48 million MWh of electricity, the equivalent of 2.5% of Romania’s total output in 2012, in 11 auctions.

The electricity will be delivered this year, while the price varies between RON184 and RON186.

Thursday, Romanian power grid operator Nuclearelectrica (SNN.RO) also plans to sell 1.67 million megawatt hours of electricity on OPCOM in a bid to raise EUR62.9 million.

CE Oltenia holding was found in 2012 following the merger of mining company Societatea Nationala a Lignitului Oltenia and thermal power producers Turceni, Craiova and Rovinari.

The Economy Ministry is majority holder, with a 77.17% stake, while investment fund Fondul Proprietatea (FP.RO) owns 21.53%. (EUR1=RON4.5301)