Another micro hydropower plant, Vladesti, located in Valcea county, was bought by Roski Air Service company for RON2.2 million, according to Remus Borza, the general manager of Hidroelectrica’s legal administrator.
Calugarita micro hydropower plant has an installed power capacity of 630 kW and produces enough energy for 180 households. Vladesti micro hydropower plant also has an installed capacity of less than 1 MW.
Thus, the company only sold two of a total 34 micro hydropower plants put up for sale in July. Hidroelectrica still owns 128 micro hydropower plants with installed powers of up to 4 MW each and plans to keep only 23.
Hidroelectrica posted a record profit of RON725 million in the first half of the year, 42% higher than in the same period in 2014, when its earnings stood at RON510 million.
The company had a turnover of RON1.851 billion in the first six months, from RON1.554 billion in the same period last year, due to higher power output, of 9.6 TWh, 1.1 TWh more than in the first half of 2014.
Hidroelectrica is owned by the Romanian state, through the Ministry of Energy. The company has been insolvent since February 2014, for the second time in less than a year. Hidroelectrica went through insolvency procedures in June 2012 – June 2013.