“Five companies submitted preliminary and non-binding bids within the pre-qualification stage for the development of the Tarnita-Lapustesti project. Under the principle of transparency, the list of pre-qualified investors will go public after analyzing the documents received. The next stage is the negotiation phase,” Hidro Tarnita general manager, Ovidiu Demetrescu, said in a statement Friday.
Demetrescu added that Hidro Tarnita has also received letters of intent from several international financial institutions as regards financing the project.
Hidro Tarnita, which has been trying for several years to attract investors for the Tarnita-Lapustesti project, said last year that construction works are expected to start in the first half of 2016 and take five to seven years. When completed, the plant will be the largest hydroelectric load balancing system in Romania, with a total capacity of 1,000 megawatts.
Hidro Tarnita’s shareholding structure includes Complexul Energetic Oltenia, SAPE Electrica, Nuclearelectrica and Complexul Energetic Hunedoara, each holding a 25% stake.