State mulls scrapping development of 1 GW hydro plant

Photo: Pixabay


September 10, 2016






September 10, 2016





The government in Bucharest is considering the option to abandoning a renewable energy project worth EUR 1 billion. Energy minister Victor Grigorescu said Romania’s cabinet is looking for alternatives for hydro pumped storage unit Tarnița – Lăpuștești, designed for 1 GW, as quoted by on September 7.

There are prospects to switch to several small hydropower plants, he added and revealed EUR 3 million have already been spent.

Furthermore, a feasibility study from 2006 said the public–private project was a failure, said Ovidiu Agliceru, chairman of the board of Hidroelectrica SA. Grigorescu stated the upcoming national energy strategy may show a way forward. The power plant was intended to balance the energy system, especially with plans to launch two nuclear reactors in Cernavodă.

Chinese contractors were lining up to finance the project and return the funds through sales of electricity. The option with several units would open separate projects for investors.

Related Articles

maja turkovic cwp global investments bef 2024

Meet energy transition leaders in SEE: CWP Global is developing 6 GW of solar, wind, storage

24 May 2024 - Vice President for Europe at CWP Global Maja Turković was a panelist at the Belgrade Energy Forum 2024 conference

Western Balkans face tight electricity market coupling deadlines

Western Balkans face tight electricity market coupling deadlines

24 May 2024 - Market coupling is the first task in the Western Balkans energy transition and their main condition to be exempted from CBAM, panelists said at Belgrade Energy Forum

Conference Days of renewable energy sources from June 12 to 14 in Pula

Days of Renewable Energy Sources conference to be held on June 12-14 in Pula, Croatia

24 May 2024 - After five successful conferences, OIE Croatia will cover all technologies in one conference - Days of Renewable Energy Sources

Eurelectric Europe requires EUR 67 billion per year power distribution upgrades

Eurelectric: Europe requires EUR 67 billion per year for power distribution upgrades

23 May 2024 - Strengthening apower distribution grids across Europe between 2025 and 2050 will require EUR 67 billion per year, Eurelectric calculated