Romanian power producer Hidroelectrica to invest EUR 1.8 billion

Romanian power producer Hidroelectrica has an investment budget of EUR 1.3 billion for 2015-2020. About EUR 450 million are for the ongoing projects in Racovita, Bretea, Rastolita, Siriu-Surduc, Dumitra-Bumbesti. Hidroelectrica will also invest EUR 350 million to refurbish four high capacity hydro-power plants, namely Stejaru, Vidraru, Raul Mare Retezat and Mariselu. For the refurbishment of the Dimitrie Leonida-Stejaru hydroelectric plant, Hidroelectrica has launched an auction in December last year, which the joint venture of Romelectro SA - Litostroj Power DOO won. The contract is worth EUR 75 million (without VAT). The project will run for 7 years and involves the refurbishment of six hydropower units. Hidroelectrica will also invest EUR 300 million in new production plants from renewable energy sources, according to its investment plan. editor@romania-insider.com