The deadline was changed at the request of potential investors from Europe and the United States, who said they needed more time to evaluate assets and conduct due diligence, Hidroelectrica said.
The auctions will be organized on July 15. They were first scheduled for the beginning of July.
Micro-hydro units have an installed capacity of up to 10 megawatts.
Hidroelectrica’s portfolio includes about 160 such electricity production units. Between 2004 and 2008, the company sold 81 micro-hydro facilities for EUR60 million.
Hidroelectrica entered insolvency on June 20 impacted mainly by selling electricity outside the energy exchange at prices below market levels.
On June 27, 2013, the Bucharest Court decided the company may exit insolvency. The decision is not final and may be appealed with the Bucharest Court of Appeals.