Electricity

Hidroelectrica to forge cooperation with Verbund

Photo: Verbund

Published

September 19, 2018

Country

Comments

0

Share

Published:

September 19, 2018

Country:

Comments:

0

Share

State-owned Hidroelectrica plans to sign a cooperation agreement with Austria’s electricity producer Verbund, Romanian media reported.

The approval of the cooperation agreement between the biggest power producer in Romania and the largest provider of electricity in Austria is on the agenda of the next General Shareholders Meeting planned to take place in October, Romania’s portal economica.net reported.

This will be a cooperation for the dispatching services and digitization activities, as well as for Hidroelectrica’s unfinished investments, which the two companies plan to finalize in partnership, unnamed energy market sources told economica.net, adding that Verbund has experience in digitization, while it also has a wind farm in Romania, which could lead the two companies to combine their production capacities.

Verbund, majority owned by the Austrian state, is the largest electricity producer in this country, with hydropower plants (7,700 MW), wind farms, and thermal power plants in Austria, Germany, and Romania. The company also operates transmission networks and trades in and sells electricity. Verbund has a 225 MW wind farm on the Romanian Black Sea coast.

Hidroelectrica operates hydropower plants with an installed capacity of 6,400 MW. In May, the company’s CEO Bogdan Bogdea said that Hidroelectrica is considering the acquisition of wind and solar plants in Romania, as well as energy companies abroad.

He announced that the idea is to diversify the state-owned company’s generation portfolio and to provide balancing services.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

dusan zivkovic eps general manager elektroprivreda srbije

Dušan Živković appointed as general manager of Elektroprivreda Srbije

15 June 2024 - The Supervisory Board of the joint stock company Elektroprivreda Srbije has appointed Dušan Živković as the general manager

Rezolv secures EUR 191 million loan for Vifor wind farm in Romania

Rezolv secures EUR 291 million loan for Vifor wind farm in Romania

14 June 2024 - The beneficiary of the loans is First Looks Solutions S.R.L., project subsidiary of Rezolv Energy and Low Carbon

eps transformation plan djerdap 1

Serbia’s power utility EPS adopts Transformation Plan

14 June 2024 - By adopting the Transformation Plan, Serbia has met an important structural benchmark within the framework of the arrangement with the IMF

bulgaria NEK pumped storage hydropower batak dospat

Bulgaria’s NEK gets help to prepare construction of two large pumped storage hydropower plants

14 June 2024 - The pair of new renewable energy sources, named Batak and Dospat, will each add generation capacity of approximately 800 MW