Sale prices ranged between RON220.1 and RON223.12 per megawatt-hour.

Wednesday and Thursday, Hidroelectrica sold RON219.7 million worth of electricity at prices between RON220 and RON238 per MWh.

The company has scheduled nine other electricity auctions on OPCOM next week.

Hidroelectrica last week rescheduled a series of electricity auctions in a bid to raise 391 million lei (EUR86.7 million), while renouncing a mandatory 50% down payment requirement.

In October, Hidroelectrica tried to sell around EUR88 million worth of electricity, but it was forced to cancel most of the auctions because buyers were unwilling to make the down payment.

Hidrolectrica has filed for insolvency in June this year and is currently undergoing reorganization. (EUR1=RON4.5376)