The works, due for completion in the second half of 2013, are expected to increase the capacity of the hydropower system to over 20 megawatts, from around 18 MW presently, CEZ said in a statement.
“The complete revamp of the hydropower production equipment is one of CEZ’s main business goals in Romania in the medium term,” it said.
CEZ didn’t say how much it plans to invest in the Resita hydropower system. According to company officials, CEZ Group estimates it will invest around EUR400 million in Romania this year, mainly in renewable energy projects.
In 2011, CEZ Romania acquired a 100% stake in TMK Hydroenergy Power from Russia’s steel pipes producer TMK. The hydropower system consists of four dams and four micro hydropower plants.