Large hydro power plant in Romania to be modernized with 82m euros
The dam, the lake, and the turbines will be modernized and strengthened. The work will last four and a half years and will cost EUR 82 million, without VAT, reports local Economica.net. The contract will be awarded via a public tender.
The plant, which was built in the ‘60s, has an installed power of 220 MW.
State-owned Hidroelectrica, the country’s largest power producer plans EUR 250 million investments this year. The company will inaugurate the 12-MW plant in Bretea, following an investment of EUR 50 million. It also plans to sign the refurbishment contracts for the Raul Mare-Retezat and Mariselu plants this year.
Hidroelectrica estimates a gross profit of EUR 288 million this year, the highest in the company’s history. ■