92m euros for 2 hydropower stations

Hidroelectrica, Romania’s second-largest power producer, has signed a contract to build two hydropower stations and a dam on the Jiu river, together with a consortium led by power company Romelectro, according to the Economy and Trade Ministry. The value of the contract exceeds 92.5m euros, sources in the consortium say. “The works will start as soon as we ‘figure out’ the lending scheme for the project. We hope to begin works this spring, as the deadline is in 48 months. Hidroelectrica is about to contract a loan in order to finance the project,” the quoted sources told Ziarul Financiar. ZF