Hidroelectrica to have EUR 800 million budget for HPP upgrades by 2020


Photo: Pixabay


September 28, 2018






September 28, 2018





State-owned power utility Hidroelectrica will have EUR 800 million at its disposal by 2020 to modernize the hydropower plants (HPPs) it currently operates, according to Romania’s draft Energy Sector Strategy for the period 2018-2030 with projections until 2050, local media reported.

The strategic document also envisages EUR 2.5 billion in investments for completing new hydropower plants by 2030, but not all of this will be realized by Hidroelectrica, the biggest power producer in Romania. New generation facilities will increase the country’s installed capacity at hydropower plants from 6,741 MW to 7,490 MW.

Hidroelectrica currently operates hydropower plants with a total installed capacity of 6,400 MW.

A week ago, a public debate on the draft Energy Sector Strategy 2018-2030 was launched.

The document mentions strategic investments including two new units, 3 and 4, at the Cernavoda nuclear power plant, a hydropower plant called Tarnita-Lapustesti, a 600 MW coal-fired power plant at Rovinari, and the hydro-technical complex TurnuMagurele – Nicopole.

The strategy estimates investments in the entire energy sector by 2030 at between EUR 15 billion and EUR 30 billion.

Ten days ago, Hidroelectrica announced plans to sign a cooperation agreement with Austria’s electricity producer Verbund. The cooperation will involve joint investments in Hidroelectrica’s unfinished projects.

In May, the company’s CEO, Bogdan Badea, said that Hidroelectrica was considering acquisitions of wind and solar plants in Romania, as well as energy companies abroad.

Energy Minister: Romania aims to become an important regional player

At a presentation of the draft Energy Sector Strategy for 2018-2030 with projections until 2050, Energy Minister Anton Anton said that Romania wants to strengthen the energy sector and to become an important regional player.

Romania has reached a critical point in recent years regarding future energy professionals, Anton said, noting that it is not enough to invest in new production facilities if there is no qualified staff for their operation.

Anton also said that the draft Energy Sector Strategy is in line with the European Union’s vision on the future structure of the national energy sector.

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

Egypt add 1 1 GW solar wind power cheapest rates Africa

Egypt to add 1.1 GW in solar, wind power with cheapest rates in Africa

02 December 2022 - Two giant solar and wind power plants in Egypt will supply electricity at the lowest rates in Africa, IFC said

Electricity prices to be increased in Republic of Srpska from New Year

Increase of electricity prices in the Republic of Srpska as of January 2023

02 December 2022 - A large part of electricity consumers in the Republic of Srpska will be getting higher bills after the New Year

EU Energy Community support Serbia energy transition Várhelyi

EU, Energy Community extend support to Serbia in its energy transition

02 December 2022 - Minister of Mining and Energy Dubravka Đedović met with top officials from the European Union and Energy Community Secretariat

Romania allows prosumers to install photovoltaic panels in several locations

Romania allows prosumers to install photovoltaic panels in several locations

01 December 2022 - The Government of Romania adopted an executive order to make it easier for prosumers to connect solar panels to the distribution grid