“Some of the bilateral contracts–could be as many as 90% of them–, may be terminated. The talks are almost concluded and the announcement is expected next week,” the people told Mediafax.
Contacted by Mediafax, Hidrolectrica’s general manager Dragos Zachia declined to comment.
Hidrolectrica last year notified several companies it plans to cancel or adjust bilateral contracts signed outside the energy market OPCOM. Under the contracts, signed between 2001 and 2003, Hidrolectrica offers companies energy at prices sensibly below market rates.
Four of the bilateral deals were cancelled in 2011, with another ten contracts pending negotiations.