The state-run company had hoped to sell 124,520 megawatt-hours of electricity.
Hidroelectrica has 80.05% of its shares in the hands of the economy ministry, while Fondul Proprietatea holds a 19.95% stake. (EUR1=RON4.5239)
Energy
Hidroelectrica Gets No Bids At Electricity Auction
Romanian hydropower producer Hidroelectrica received no bids at an auction Friday, during which it sought to sell electricity worth 21.17 million lei (EUR4.68 million), energy exchange data showed.