Romanian economy minister Ion Ariton held talks Thursday with a Sinohydro delegation. The company said it is interested in the construction of the Tarnita-Lapustesti plant and the upgrade project at the Bicaz hydropower plant, in public-private partnership.
The Tarnita-Lapustesti plant will be started in 2019, following an investment estimated at EUR1.028 billion. The unit will be constructed by a mixed company where state-owned Hidroelectrica will hold a 51% stake.
The upgrades planned for Bicaz will take place between 2011 and 2018, with an investment of some EUR137 million.
Sinohydro is a network of state-owned companies in China, active on multiple segments.
Hidroelectrica operates 273 hydropower plants and pumping stations, cumulating an installed power of 6,482 MW.