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Bucharest
May 17, 2022
BUSINESS

Nuclearelectrica sells EUR 85 M on electricity stock market

Nuclearelectrica, operator in charge of the only Romanian nuclear power plant, sold 2.3 TWh of electricity – equivalent to 24 percent of this year’s estimated production – on the OPCOM stock market for a total of RON 381.04 million (EUR 84.86 million). The final price was RON 166.7 per MWh, higher than the company’s asking price of RON 163 per MWh, according to OPCOM data. Two companies signed up for the bid, namely GEN-I Bucharest, also the winner, and ArcelorMittal Galati. Electricity trader GEN-I Bucharest is a subsidiary of the Slovenian GEN-I. Nuclearelectrica predicts it will produce 10.54 million MWh of energy this year, 1.3 percent less than in 2013. The energy delivery deadline is between March 28, 2014 and March 31, 2016. In January, a bid for the sale of a considerable energy package of 1.67 TWh of electricity – equivalent to 15.8 percent of Nuclearelectrica’s estimated production for this year – was cancelled because no purchase offers were made. The company’s asking amount for the respective quantity of energy was EUR 63 million.

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