Hidroelectrica placed two offers of 12,240 MW each on OPCOM, for which it has received bids from over 35 companies. The electricity will be delivered during the August 1 – December 12 period.
“The auctions were attended by a record number of bidders, namely 21 bidders for the first offer and 16 for the second one, respectively,” the company said.
Repower Furnizare Romania and CEZ Trade Romania are the winners of the two auctions. Repower Furnizare offered to pay RON255.77 per MWh, while CEZ Trade made an offer for RON256.5 per MWh.
Hidrolectrica, Romania’s top energy producer, has filed for insolvency in June 20. The company is 80.06%-owned by the Economy Ministry. According to the government, the bankruptcy procedures would be used to cancel below-market bilateral energy contracts. (EUR1=RON4.5638)