Seven auctions have been canceled due to lack of offers.
The company has scheduled four other electricity auctions on OPCOM for Tuesday.
Last week, Hidroelectrica sold EUR56.2 million worth of electricity. The company recently rescheduled a series of electricity auctions in a bid to raise RON391 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=RON4.5349)