Romanias Hidroelectrica to seek partners for Tarnita hydropower plant.

By bne IntelliNews May 20, 2011
Romania's state-owned power firm Hidroelectrica will call in June a tender to pick partners for the construction of its 1,000MW Tarnita-Lapustesti hydropower plant, after the promulgation of the project strategy, Agerpres reported, quoting project consultant Deloitte. The investment is evaluated at slightly above EUR 1bn. Hidroelectrica will hold a 51% stake in the project. Some ten investors have already expressed interest, but more data will be available after the announcement of the procedure in June, Deloitte commented. The project company should be set up in February 2012. The first two 250MW units of the hydropower plant are scheduled for commissioning in H2 2017, while the four-unit plant will become fully operational in H2 2019.

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