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

Serbia opens door for batteries as solution for intermittency of renewables rajakovic nikola

Serbia opens door for batteries as solution for intermittency of renewables

04 February 2023 - We spoke with Professor Nikola Rajaković about proposed changes to the Law on the Use of Renewable Energy Sources

Serbia gets its first commercial PPA financing secured for Krivaca wind farm

Serbia gets its first commercial PPA – financing secured for Krivača wind farm

03 February 2023 - MK Group and ALFI Green Energy Fund have secured EUR 155 million for the project from a consortium of lenders led by Erste Group

Bulgarian IBEX exchange market guarantees of origin

Bulgarian IBEX exchange to set up market for guarantees of origin

03 February 2023 - Independent Bulgarian Energy Exchange – IBEX said it would organize a market for guarantees of origin of electricity

windeurope wind turbenes orders drop 2022

Wind turbine orders in EU drop by almost half in 2022

03 February 2023 - It is the continuation of the downward trend as orders have been declining since the first quarter of 2021