“The international bidding process for assigning the technological upgrade project (…) was resumed following a meeting at EBRD headquarters in London on December 4,” Hidroelectrica said in a statement Tuesday.
The project will be financed from a syndicated loan granted in July 2011 by the European Bank for Reconstruction and Development EBRD, with an EUR70 million inflow, as well as ErsteBank and CaixaBank, with EUR20 million each.
The ad on organizing the new bid will be made December 10, the company planning to inform over 30 potential bidders worldwide, the statement also read. The contract will be assigned after a prequalification stage, followed by a bid in one stage.
Stejaru hydropower plant on Bistrita river was started up between 1960-1961 and has an installed power of 210 MW.
State-run hydropower generator Hidrolectrica has filed for insolvency in June this year and is currently undergoing reorganization.