Hidroelectrica put out 11 energy packages for sale and was hoping to sell nearly 1 TWh of electricity, assessed at just under RON161 million. However, the state-owned energy company managed to sell only one package.
The company estimates it will produce 13.9 TWh of electricity this year.
Hidrolectrica reentered reorganization in February after going through the procedure in June 2010-June 2013.
Hidroelectrica has an installed capacity of 6,400 MW, covering about one third of Romania’s electricity production and consumption. The company is 80.05% owned by the state and 19.95% by investment fund Fondul Proprietatea.
In the first half of the year, the energy company posted a gross profit of RON509 million, up 5.8% on the year, and revenues of RON1.49 billion, down 6% on the year.