The sale was approved by Hidroelectrica’s shareholders on March 13.
The 88 units the hydropower producer plan to sell have a total installed capacity of 58 megawatts.
Hidroelectrica operates hydropower plants with a total installed capacity of over 6,000 MW.
The company started selling its micro-hydro units in 2004 and sold 81 units by 2008, raising EUR60 million. Since 2008, the company has sold no unit.
Hidroelectrica entered insolvency in June last year.