Hidroelectrica teams up with EdF, local investor for pumped hydropower projects in Romania

The extraordinary general shareholder meeting at Romania's state controlled Hidroelectrica group (BVB: H2O) approved the company's plans to develop its major, 1,000 MW Tarnita-Lapustesti pumped hydropower project under a 50:50 JV with EDF Power Solutions International and also approved preliminary procedures (due diligence) for taking over a 50% stake in another reversible hydropower project with a capacity of 300 MW currently developed by a private investor.

Shareholders of energy producer Hidroelectrica approved on January 27 the association with the French group EDF Power Solutions International for the development of the Tarniţa-Lăpuşteşti pumped-storage hydroelectric power plant by establishing a joint venture with equal participations, 50%–50%.