Romania's Hidroelectrica to Put 33 Microhydro Plants up for Sale

Romanian insolvent hydropower producer Hidroelectrica will put 33 micro-hydropower plants up for sale at a combinedstarting price of 84.7 million lei ($21.8 million/18.8 million euro) in February, local media has reported.

Hidroelectrica still owns a total of128 micro-hydropower plantsacross the country with installed capacities of up to 4 MW each,news agency Mediafax said on Monday.

"We want to keep 23 micro-hydropower plants and revamp them,"Mediafaxquoted the head ofHidroelectrica's judicial administrator, Remus Borza, as saying.

The 33 micro-hydropower plantshave a combined installed capacity of 26 MW and are located in the counties:Suceava, Bacau, Neamt,Hunedoara, Maramures, Brasov, Arad, Sibiu, Arges, Buzau, Valcea andTimis.

A micro-hydropower plant has aninstalled capacityof up to 10 MW.

Hidroelectrica said last year it expects to post a record profit of1.2billion leiin 2014on a turnover of 3.3 billion lei.It targeted production of 17.5 TWh for 2014.

State-controlled Hidroelectrica was placed back under reorganisation procedure in February 2014, after exiting insolvency proceedings in June 2013. It was first declared insolvent in June 2012.

Source: SeeNews