Romanian state-owned energy producer Hidroelectrica sold 919,800 MWh of electricity on the local power exchange OPCOM during a bid organized on April 8, for a total of RON 153 million (EUR 35 million).

The average price was RON 166.58 per MWh and the electricity will be delivered between May , 2014 and April 30, 2015.

The company already sold the entire volume of electricity it expects to produce this year, of 13.9 Twh.

Hidroelectrica, Romania’s largest energy production company re-entered insolvency this year after the Bucharest Court of Appeal admitted the appeals made by companies Alpiq, Energy Holding, EFT, Andritz Hydro and Local Budget Department District 2. Euro Insol was reinstated the judicial administrator.

The Romanian state is the majority shareholder of the company.

editor@romania-insider.com