It will be the ninth attempt at selling the unit in Oradea, following eight unsuccessful bids between 2007 and 2008.
Termoelectrica said is willing to lower the asking price by half if no investors pay the desired amount. Should the auction be unsuccessful again, the company plans to resume the sale at a later time.
Termoelectrica is controlled by the state, through the Economy Ministry. The company employs over 12,000 staff.