Romanian hydropower producer Hidroelectrica has closed only two of the nine power delivery contracts offered for sale on the power exchange in October and cancelled another nine contracts scheduled to be auctioned on October 30-31. The price paid by the winning bidders in the two contracts won by E.ON Romania and GDF Suez Romania was only marginally above the RON 220 per MWh required by Hidroelectrica. State-controlled Hidroelectrica, currently under insolvency procedures, is auctioning during Oct 30-Nov 5 several large electricity delivery contacts of a total size of 1.7 TWh. The total size of the contracts accounts for 14% of the company's power production this year,which was below its long-term average due to unfavourable weather conditions. |
Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more
Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more
The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more