Hidroelectrica wants to sell 657,000 megawatt-hours of electricity at a series of auctions scheduled for March 21 and March 24.
The company had hoped to sell 441,500 MWh of electricity earlier this week, but it received offers only for 87,600 MWh.
State-run hydropower generator Hidrolectrica was placed under insolvency in late February, after the Bucharest Appellate Court cancelled a previous court decision allowing the company to complete a 12-month reorganization process started in June 2012. (EUR1=RON4.5097)