One of the three micro power plants was acquired by the company Three Pharm in Targu-Mures, for RON1.4 million, and the other two plants were bought by Italian company Geo Service Italia, for RON3.6 million, according to Hidroelectrica data.
Three Pharm, founded in 1994, specializes in selling medical products and equipment. In 2014, the company entered the market of renewable energy production by acquiring nine micro hydropower plants in Transylvania region.
The micro plants are production units from renewable sources, with installed powers of up to 10 MW and benefit from the green certificate aid scheme.
The 33 units put up for sale by Hidroelectrica total 26 MW and are located in counties Suceava, Bacau, Neamt, Hunedoara, Maramures, Brasov, Arad, Sibiu, Arges, Buzau, Valcea and Timis. Hidroelectrica expects to get RON84.7 million (EUR19.2 million) from selling all micro hydropower plants.
Hidroelectrica still owns 128 micro hydropower plants with installed powers of up to 4 MW each and plans to keep only 23.
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.