The Stejaru hydroelectric power plant (also known as Dimitrie Leonida) is located on the Bistrita River, downstream from the Izvorul Muntelui dam. The contract will run for a period of 66 months, Electromontaj Carpati said in a report from the Bucharest Stock Exchange.
Electromontaj Carpati shares have gained 39% in the last 12 months, on a traded volume of RON330,000 and a capitalization of RON23 million. Grampet Logistics owns 70% in it.
In the first half of 2025, Electromontaj Carpati doubled revenue and net profit to RON35 million and RON3.5 million, respectively, according to the half-yearly financial report.
(English version by Loredana Fratila-Cristescu)