Romania may accept minority share in 1GW pumped-storage hydro project.

By bne IntelliNews October 3, 2011
Romania's state-controlled Hidroelectrica might have to accept a minority stake in the planned 1GW pumped-storage hydropower plant project of Tarnita, instead of previously intended 51%, member of the company's managing board and former CEO Traian Oprea said during a conference. Otherwise, Hidroelectrica would have to slow down other projects, Oprea pointed out. The project that includes 4 units of 250MW each is expected to require some EUR 1bn of investment. Hidroelectrica will receive bids from investors, interested in the project this month, and will pick the partners in the project by the end of the year. We recall that Hidroelectrica has already appointed the consultant to assist the selection of investors. The company appointed in August 2010 a consortium, formed by advisory firm Deloitte Consultanta, engineering firm HydroChinaZhongNan Engineering Corporation and leading local bank BCR.
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