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Hidroelectrica plans to sell 22 small hydro central units

The insolvent power company Hidroelectrica plans to sell 22 power units and a land of 3.200 sqm located in Targu-Jiu, according to Remus Borza, the general manager of Euro Insol, the judicial administrator of Hidroelectrica, quoted by Mediafax.

2014-03-18 11:15:17

According to Borza, the land will be sold at a starting price of around EUR 20.000 and the selling of power units will be performed on individual basis.

The small hydro power units have an installed capacity of 10 MW and they are receiving green certificates as state aid for the generated power.
In January this year, the Electricity producer Hidroelectrica announced a public open auction scheduled for 23 and 24 January 2014, a new batch of 14 small hydropower plants, aiming to get least 46.2 million lei (EUR 10.4 million), according to a company release.

By 2014, Hidroelectrica plans to sell 88 small hydropower plants, representing 1 percent of the overall installed power, due to significant operational and maintenance costs.

In June 2013, Hidroelectrica has managed to exit insolvency and, at one year since it declares incapacity of payments, the company has laid off 700 employees, annulled direct contracts through which it had lost over EUR 1 billion and recorded a turnover of RON 399 million in the first five months of this year, compared to losses of RON 190 million in the same period of last year.



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