Romania to pick partner for 1GW hydropower plant next spring.

By bne IntelliNews December 21, 2011
The Romanian government will pick a partner for building a 1GW pumped-storage hydro plant at Tarnita-Lapusesti in the spring of next year, news agency Mediafax quoted Prime Minister Emil Boc as saying. The plant construction will need some EUR 1bn investment. It was initially designed to absorb the excess power generated during night time by the 3rd and 4th reactors of the country's sole Cernavoda nuclear plant. Yet, it is now also needed to smooth the volatile production of wind power plants. The two new reactors at Cernavoda are supposed to be commissioned in 2019 - at the time when the pumped storage facility at Tarnita-Lapusesti should be completed. State-controlled hydropower operator Hidroelectrica will hold a 51% stake in the project. It was included this autumn in the government's list of 18 key projects that would be developed under public-private partnership (PPP).
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