Hidroelectrica sells only two out of 34 SHPPs


August 13, 2015





August 13, 2015




In late July, state-owned power producer Hidroelectrica SA agreed to sell two of its small hydropower plants (SHPPs) for RON 4 million (EUR 900,000), which was the starting price in the bid, Ziarul Financiar said.

The insolvent company called for offers for SHPPs the second time this year, with 34 units estimated at EUR 20.4 million for sale. Hidroelectrica’s representatives declined to specify the names of the buyers of the facilities of Călugariţa and Vlădeşti, located in the regions of Argeş and Vâlcea, respectively, in the central part of Romania.

Following an in-depth investigation, the European Commission has concluded in June that electricity supply contracts signed by the state-owned power company with certain electricity traders and industrial customers did not involve state aid within the meaning of the Euopean Union’s rules. On April 21, the European Commission concluded that in the contracts between Hidroelectrica and Electrocentrale Deva SA, on the one hand, and Hidroelectrica and Termoelectrica SA, on the other, the two companies were offered an unjustified economic advantage, thus breaching EU norms.

Related Articles

dusan zivkovic eps general manager elektroprivreda srbije

Dušan Živković appointed as general manager of Elektroprivreda Srbije

15 June 2024 - The Supervisory Board of the joint stock company Elektroprivreda Srbije has appointed Dušan Živković as the general manager

Rezolv secures EUR 191 million loan for Vifor wind farm in Romania

Rezolv secures EUR 291 million loan for Vifor wind farm in Romania

14 June 2024 - The beneficiary of the loans is First Looks Solutions S.R.L., project subsidiary of Rezolv Energy and Low Carbon

eps transformation plan djerdap 1

Serbia’s power utility EPS adopts Transformation Plan

14 June 2024 - By adopting the Transformation Plan, Serbia has met an important structural benchmark within the framework of the arrangement with the IMF

bulgaria NEK pumped storage hydropower batak dospat

Bulgaria’s NEK gets help to prepare construction of two large pumped storage hydropower plants

14 June 2024 - The pair of new renewable energy sources, named Batak and Dospat, will each add generation capacity of approximately 800 MW