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April 18, 2021
BUSINESS

Hidroelectrica wants to sell another 14 micro power plants in January



The Hidroelectrica electricity producer will organize a public tender on January 23-24 for a new batch of 14 micro power plants for which it hopes to obtain at least RON 46.2 M (EUR 10.4 M). “Another 14 micro power plants grouped into 7 packages of shares will be put up for sale through an open-outcry public tender, the overall starting price being RON 46.2 M (approximately EUR 10.4 M),” a communiqué issued by the state-owned company reads, Mediafax informs.
The decision to sell the micro power plants was taken within the general shareholders’ assembly meeting last Friday. A first batch of 14 micro power plants was sold in June for RON 46.8 M (EUR 10.5 M).
Hidroelectrica intends to sell a total number of 88 micro power plants in 2013-2014, representing less than 1 per cent of the total installed power, because they register yearly operational and maintenance costs that are significantly higher than the revenues they generate, and the company lacks the resources for the investments needed to ensure they are profitable through the obtaining of green certificates, the communiqué adds.

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