Hidroelectrica throws discount in sale of SHPPs

Hydro facilities with a total installed power of 25.7 MW are set to be sold at auctions from November 23 to 26, Hidroelectrica SA said. The biggest state-owned power producer announced the small hydropower plants (SHPPs) will be priced with a reduction of RON 13 million (EUR 2.94 million) or 20% in comparison to previous auctions, where they were offered for a total of EUR 18.85 million.

So far 28 SHPPs were sold for a total of EUR 18 million, according to an article in Business Review. The assets are divided in 22 packages and are located in the counties of Valcea, Suceava, Bacău, Neamţ, Hunedoara, Braşov, Arad, Sibiu, Argeş, Buzău, Vrancea, Maramureş and Timiş. The deadline for applications is November 13. The value of the tender guarantee is 10% of the start price. A purchaser is required to assume any existing program of investments for environmental protection.

Hidroelectrica SA, insolvent for the second time, took RON 1.7 million (EUR 380,000) for the one of only two small hydro facilities it sold from the 34 that were put on sale by auction in July.