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.
October 25, 2022
Wind farm in Germany is being dismantled to expand coal mine
January 3, 2023
