Electricity

Power producer Hidroelectrica to invest EUR 1.8 billion

Published

May 7, 2015

Country

Comments

0

Share

Published:

May 7, 2015

Country:

Comments:

0

Share

An investment budget of EUR 1.3 billion for 2015-2020 has been set by power producer Hidroelectrica, Romania-insider.com portal reported.

About EUR 450 million are for the ongoing projects in Racoviţa, Bretea, Răstoliţa, Siriu-Surduc, Dumitra-Bumbeşti. Hidroelectrica will also invest EUR 350 million to refurbish four high capacity hydropower plants, namely Stejaru, Vidraru, Râul Mare – Retezat and Mărişelu.

For the refurbishment of the Dimitrie Leonida – Stejaru hydroelectric plant, Hidroelectrica has launched an auction in December last year, which the joint venture of Romelectro SA – Litostroj Power DOO won. The contract is worth EUR 75 million (without VAT). The project will run for 7 years and involves the refurbishment of six hydropower units.

Hidroelectrica will also invest EUR 300 million in new production plants from renewable energy sources, according to its investment plan.

Related Articles

Bulgaria changes Energy from Renewable Sources Act

Bulgaria adopts changes to Energy from Renewable Sources Act

03 October 2023 - Bulgaria simplified renewables permitting, rolled out banking guarantees for projects and regulated citizen energy communities

viktor andonov cebren hydropower ppc

Andonov: Čebren hydropower plant to accelerate renewables development in North Macedonia

02 October 2023 - Once constructed, the Čebren pumped storage hydropower plant will significantly accelerate the deployment of renewables...

Minister Dubravka Dedovic Djedovic Handanovic Female Leader of Energy Transition award

Minister Dubravka Đedović Handanović receives Female Leader in Sustainable Energy award

29 September 2023 - President of CPOR and Cofounder of WISE Serbia Branislava Jovičić handed the Female Leader in Sustainable Energy award to Minister Dubravka Đedović Handanović

Bulgaria-add-42-GW-wind-outside-protected-areas

Bulgaria could add as much as 42 GW from wind outside protected areas

29 September 2023 - A study found that Bulgaria is expected to increase its total wind power capacity by...