Power distributors Enel Energie SA and Electrica Furnizare bought together 345,600 megawatt-hours of electricity from Hidroelectrica at an average price of RON210 per MWh.

State-run hydropower generator Hidrolectrica has filed for insolvency in June last year and is currently undergoing reorganization.

Since it went insolvent, the company raised roughly RON570 million (EUR126 million) from selling over 2.44 million MWh of electricity on the OPCOM exchange.

Hidroelectrica has scheduled nine other electricity auctions on OPCOM next week and set the asking price at RON200 per MWh. (EUR1=RON4.3771)