Around RON8 million of the total amount came from the European Union, Electromagnetica said.
The Suceava plant has an installed capacity of 990 KW.
Electromagnetica operates 10 micro hydropower plants with a total capacity of 4.7 MW in Romania.
The company posted net profit of RON26.2 million in 2010, down 8% on the year.
Monday, Electromagnetica closed down 1.05% at RON0.3206 a share in Bucharest. (EUR1=RON4.1207)