Romanian Hidroelectrica Negotiates Price Hike In Bilateral Contracts
Romanian state-owned hydropower producer Hidroelectrica is negotiating direct sale contracts for a 20%-25% increase in delivery prices and a 10%-20% decrease in volumes delivered, the company’s general manager Dragos Zachia said Friday.
“We are negotiating bilateral contracts. (…) We have agreed with all companies that the new prices will be paid starting January 1. (…) We will reach an average price of 160 lei (EUR36) per MWh,” Zachia told a news conference.
Average prices in the company’s bilateral contracts were at some RON130 in 2010.
Hidroelectrica started concluding direct supply contracts in 2000, and half of these agreements were extended until 2018.
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