The company’s representatives did not mention the name of the buyers.
Hidroelectrica missed for the second time in 2015 the sale of micro hydropower plants evaluated at RON90 million (EUR20.4 million).
“Following the auctions organized in July 2015, the company sold micro hydropower plants Calugarita and Vladesti,” located in Arges and Valcea counties, respectively, according to a statement of Hidroelectrica at ZF’s request.
The company aimed at selling a total of 34 micro hydropower plants in July. At the end of March, Hidroelectrica equally sold only three of a total 33 micro hydropower plants put up for sale, for 5 million lei (EUR1.1 million), the equivalent of the starting price.
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.
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.
(English version by Manuela Panescu)