China’s interest in hydro comes from global strategy


March 19, 2015






March 19, 2015





Five Chinese consortia were preparing to win a USD 1.1 billion pumped hydro storage facility, obsolete for 30 years, Greentech Media reported.

The selected contractor should launch works on the 1 GW Tarniţa – Lăpuștești hydroelectric power station in Cluj county before the end of the year. Hidro Tarniţa SA, the project developer, claims the five- to seven-year construction work will create nearly 4,050 jobs.

The Balkan state only has the 53 GW pumped hydro unit at Sprâncenata in Giurgiu. The construction of a plant at Tarniţa lake in Someșul Cald basin has been in plans since 1985. The location was one of 17 which were halted following a 10-year study by the Romanian Institute of Hydro Energy Studies and Design.

The state should have increased the company’s capital by EUR 17 million last year by issuing new shares to other state energy companies, but the process failed, Mediafax agency reported.

Tags: ,

Related Articles

Sustainability risk management key Croatia green transition

Sustainability, risk management are key for Croatia’s green transition

01 December 2023 - Ne CEO of Croatia's regulatory body HROTE Darjan Budimir says sustainable business models and quality in risk management are key for a successful green transition

Greece launch first guarantees origin auction early January

Greece to launch first guarantees of origin auction in early January

30 November 2023 - The first guarantees of origin of electricity in Greece are reportedly planned to be auctioned in the first half of January

vulcan lithium Landau Zero Carbon Lithium Project

Vulcan opens Europe’s first fully domestic lithium production plant in Germany

30 November 2023 - Lithium extraction from salt water has a much lower environmental impact than projects at salt deserts and mines


Montenegro on track to add 4 GW of solar and wind, seeks EU support for green steel roll-out

29 November 2023 - Montenegro's strategic goals include renewable energy, smart electricity metering, but also green steel production