Romanian Hidroelectrica To Terminate All Deals Concluded Outside OPCOM Market
Romanian government will give notice of cancellation by year-end to all companies that signed bilateral deals with state-run energy producer Hidroelectrica outside the energy market OPCOM, according to the country’s letter of intent to a EUR3.5 billion loan with the International Monetary Fund.
Additionally, the authorities will make sure that “new bilateral contracts are made transparently and non-discriminately through the energy market OPCOM,” the document, obtained by Mediafax, noted.
The issue of bilateral energy and gas contracts has been intensively debated over the last years.
Hidroelectrica, a key player in the segment, has been repeatedly accused of selling power at prices lower than the market rates and of keeping the contracts confidential.
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